National Housing Fund (NHF) / How to apply

If you want to register and apply for the Federal Mortgage Bank of Nigeria National Housing Fund, then this article gives you all the information regarding this FMBN NHF SCHEME.


This article makes you aware of the purpose of the National Housing Fund, benefits, eligibility, how to apply, etc. so that you will be able to make a successful application.


FMBN National Housing Fund (NHF) 2021


Goals and Objectives

To raise funds for the provision of affordable residential homes for Nigerians.

Commercial and merchant banks will invest 10% of their loan and advance portfolio.

Insurance companies are mandated to invest 20% of non-life and 40% of life funds in the housing sector, of which 50% are directly in the fund.

The financial contribution of the federal government.


Benefit of NHF

You can get a housing loan up to 90% of the value of the house.

You will have to pay fixed interest on the loan at the rate of 6% per annum.

Longer repayment tenure of up to 30 years is available.

Contribution can act as additional old age security.

Up to N15 million can be borrowed through this scheme.

Refund on retirement with 2% interest.

Loan repayment is the same as a normal monthly rent.

Each contributor has a lifetime registration number, a passbook for the personal recording of contributions, and an account statement.


Eligibility for National Housing Fund Nigeria


Registration will take place through NHF 1 (employer) and NHF 2 (employee) forms.

Monthly contribution deducted immediately remitted to FMBN (minimum 6 months contribution must be made)

The passbook will be updated by the employer and can be transferred from one employment to another.

Annual statement of cumulative contribution and interest earned

Apply through any Recognized Primary Mortgage Bank (PMB)

The applicant has to provide satisfactory proof of regular income.


How to apply for National Housing Fund Nigeria

Procedure for registration

All Nigerians in employment, whether self-employed or in salaried employment, are required by NHF Act No. 3 of 1992 to contribute 2.5% of their basic salary/income. The registration process is as follows:

The Federal Mortgage Bank of Nigeria (FMBN) will provide Employers Registration Form (NHF1).

Employers will fill out Form NHF1 and return it to the nearest Federal Mortgage Bank of Nigeria branch.

The Federal Mortgage Bank of Nigeria will register the employer and issue the employer’s registration number.

Form NHF2 will be issued by the Federal Mortgage Bank of Nigeria to full employers or directly to self-employed or individuals.

The employee will fill out the NHF2 form and return it to the employer.

Employers or self-employed persons will return the completed NHF2 form to the Federal Mortgage Bank of Nigeria.

The Federal Mortgage Bank of Nigeria will register employees in the NHF2 form and assign employee participation numbers to each employee / self-employed person.

The Federal Mortgage Bank will issue a passbook to each registered employee where the employer will post a monthly deduction of 2.5% of his basic salary.

At the moment, an employee is now a registered partner of the National Housing Fund.

The employer will start deducting the contribution to the source. Such discounts/contributions are sent to the Federal Mortgage Bank of Nigeria and indicate the amount of each employee’s contribution and the duration covered.

Self-employed contributors will also start monthly remittance contributions to FMBN.

The Federal Mortgage Bank of Nigeria will accept the contribution and issue a receipt for the payment.


Terms of return of National Housing Fund

Refunds are made to a contributor who has reached 60 years of age or has served 35 years

Also refunded to a contributor who took out a loan, canceled the loan and reached the age of 60 or served 35 years.

Retired from the job and was unable to contribute to the fund.

For applicants for the professions listed below, the retirement age is set out below:

Professor, Judge, and Medical Consultant – Age 70 years

Academic, Non-Academic Staff, Judicial Staff – Age 65 years

Military officer – Age 62 years

In the case of a deceased contributor, the relative of the contributor is returned.


Documents required for refund of contributions

Application form for return of contribution.

Letter of appointment proposal.

Declaration of birth certificate or age certificate.

NHF Contribution Withdrawal Form Completed

Bank account details through which refund will be given.

Medical report of inability to continue contributing due to ill health

Administrative letter and death certificate (in case of the deceased contributor)

Proof of contribution. (Receipt for self-employed contributor)

Biometric Verification Number (BVN)

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