NHF Loan in Nigeria: Requirements, Application Process & How to Apply Through FMBN

Owning a home is one of the biggest goals for many Nigerians, yet the cost of housing keeps rising every year. To make homeownership easier, the Federal Government created the National Housing Fund (NHF)—a scheme that allows Nigerians to access low-interest loans through the Federal Mortgage Bank of Nigeria (FMBN).

If you’ve heard about the NHF loan but aren’t sure how it works, who can apply, or how much you can borrow, this guide will walk you through everything you need to know, from eligibility and requirements to the actual step-by-step application process.

What Is the NHF Loan in Nigeria?

The NHF loan is a government-backed housing loan designed to help Nigerians acquire, build, or renovate their own homes at affordable interest rates.

The scheme is managed by the Federal Mortgage Bank of Nigeria (FMBN), and it operates under the National Housing Fund Act of 1992.

Essentially, the NHF allows Nigerian workers to contribute a small portion of their income (2.5%) into the housing fund, which they can later access as a low-interest mortgage loan.

In simple terms:

You save a little each month, and the government rewards your consistency by giving you access to a low-interest housing loan.

💡 If you’re new to mortgages, check our detailed guide on How Mortgage Loans Work in Nigeria to understand the basics before you apply.

Key Benefits of the NHF Loan

One of the reasons many Nigerians prefer the NHF loan is that it’s cheaper and more flexible than commercial bank mortgages. Here are the major advantages:

1. Low and Stable Interest Rate

• The NHF loan carries a fixed interest rate of 6% per annum, which is significantly lower than most commercial bank rates that can reach 18–25%.

2. Long Repayment Period

• You can repay the loan over as long as 30 years, depending on your age and income level.

• The repayment period is designed to make monthly deductions manageable.

3. Government-Backed Security

• The loan is fully backed by the federal government, which makes it a secure option for contributors.

4. Accessible to Both Public and Private Sector Workers

• You don’t have to be a government employee to qualify. Self-employed Nigerians and private company staff who contribute to the NHF can also benefit.

5. Multiple Purposes

• The loan can be used to build, purchase, or renovate a residential property.

💡 Tip: For first-timers, check our guide on Best Banks Offering Mortgage Loans in Nigeria to find lenders with flexible rates and shorter approval times.

Who Is Eligible for the NHF Loan?

Not everyone can walk into a bank and apply for the NHF loan. The scheme has clear eligibility conditions:

1. You must be a Nigerian citizen aged 18 years or older.

2. You must be a registered contributor to the National Housing Fund.

   • Usually, 2.5% of your monthly income is contributed through your employer or directly if self-employed.

3. You must have contributed for at least 6 months before applying for the loan.

4. You must have proof of steady income—either as a salary earner or self-employed professional.

5. You must apply through an accredited Primary Mortgage Bank (PMB), not directly to FMBN.

6. The property must be residential, not commercial.

NHF Loan Requirements and Documents

To apply successfully, you’ll need to prepare the following documents:

• Completed NHF loan application form (obtained from an accredited PMB)

• Recent passport photographs

• Valid means of identification (NIN, international passport, or voter’s card)

• Evidence of NHF contribution (usually from payslips or receipts)

• Letter of employment and payslips (for employees)

• Business registration and financial statements (for self-employed applicants)

• Title documents of the property you want to buy or build on (e.g., C of O, Deed of Assignment, or Survey Plan)

• Approved building plan (if constructing a house)

Having complete and verifiable documents speeds up your approval process significantly.

🔗 Related: Mortgage for Low-Income Earners in Nigeria — explore affordable options under FMBN and NHF schemes.

How to Apply for an NHF Loan in Nigeria (Step-by-Step Guide)

Applying for the NHF loan might sound complicated, but the process is straightforward if you follow these steps:

Step 1: Register as an NHF Contributor

• If you work for a company, your employer is required by law to deduct 2.5% of your basic salary and remit it to FMBN.

• Self-employed individuals can register directly at any FMBN office or via an accredited PMB.

Step 2: Choose an Accredited Primary Mortgage Bank (PMB)

• FMBN does not deal directly with individuals; applications must go through a PMB.

• Some popular PMBs include Infinity Trust Mortgage Bank, Platinum Mortgage Bank, and Abbey Mortgage Bank.

Step 3: Obtain and Complete the NHF Loan Application Form

• Get the form from your chosen PMB.

• Fill it out carefully and attach all required supporting documents.

Step 4: Loan Processing and Verification

• The PMB reviews your application and forwards it to FMBN for approval.

• FMBN conducts checks on your NHF contribution, employment, and property details.

Step 5: Loan Approval and Disbursement

• Once approved, the loan amount is disbursed through your PMB to fund the property purchase, construction, or renovation.

See also: How to Apply for a Mortgage Loan in Nigeria for a full document submission checklist.

NHF Loan Amount, Interest Rate, and Repayment Terms

Here’s what you should know about the financial side of the NHF loan:

Example:
If you borrow ₦10 million for 30 years at 6% interest, your monthly repayment will be around ₦60,000—much lower than what commercial mortgages would require.

NHF Loan Portal & FMBN Contact Information

The Federal Mortgage Bank of Nigeria (FMBN) is the only authorized body to manage NHF loans.

You can access loan information, contribution status, and updates through the official NHF loan portal:

🔗 https://www.fmbn.gov.ng

Other useful services on the portal:

• Register or check NHF contribution balance

• Verify accredited primary mortgage banks.

• Download loan application forms

• Access customer support information

You can also visit any FMBN branch nationwide for assistance or inquiries.

🏡 Next Read:

• Mortgage Loan in Nigeria (Pillar Guide)

• Mortgage Loan Without Collateral in Nigeria

• Home Loans in Nigeria: Best Banks

Frequently Asked Questions (FAQs)

How long does NHF loan approval take?

Typically, approval can take between 3 and 6 months, depending on documentation and property verification.

Can I apply without a government job?

Yes. Private sector and self-employed individuals who contribute to the NHF can apply through a PMB.

What is the minimum contribution period before applying?

You must have contributed for at least 6 months to qualify for an NHF loan.

Can my spouse and I combine our NHF loans?

Yes. Couples can combine their NHF loan entitlements to purchase or build a joint property.

Can I apply for the NHF loan online?

While you can’t submit the full application online, you can start by visiting the FMBN portal to learn about accredited PMBs and download forms.

Is the NHF loan still available this year?

Yes. The NHF scheme remains active and continues to support affordable housing under the FMBN.

Tips to Improve Your NHF Loan Approval Chances

1. Ensure consistent NHF contributions. Gaps or missed payments may delay approval.

2. Work with a reliable primary mortgage bank experienced in NHF processing.

3. Submit all documents accurately and keep copies.

4. Choose a property with proper title documents (C of O, approved plan, etc.).

5. Maintain a good credit record with your financial institution.

Why the NHF Loan Matters

The NHF loan is not just a government program—it’s a pathway to affordable homeownership.
For millions of Nigerians who find commercial mortgage rates unaffordable, this initiative bridges the gap between dreams and reality.

By contributing a small fraction of your income, you gain access to a lifetime opportunity to own a home with flexible repayment terms.

It’s not just about borrowing money—it’s about building stability, security, and a future you can call your own.

Conclusion: Take the Next Step Toward Homeownership

The NHF loan in Nigeria remains one of the most accessible and affordable housing finance options available today. Whether you’re a civil servant, private worker, or self-employed, you can start contributing and qualify for your dream home loan through the Federal Mortgage Bank of Nigeria (FMBN).

Ready to begin?
Visit the official FMBN NHF portal or contact an accredited Primary Mortgage Bank to start your NHF loan application today.