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FMBN NHF Mortgage Loan Application | How to Apply

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This is to inform the general public that Federal montage Bank of Nigerian loan is ongoing. Interested persons should carefully read before applying.

The FMBN NHF Mortgage Loan provides up to N15million at a six percent interest rate to NHF subscribers to own their dream homes.

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ABOUT THE FMBN NHF Mortgage Loan.

  •   Mobilization of funds for the provision of affordable residential houses for Nigerians.
  •   Commercial and Merchant Banks to invest 10% of their loans and advances portfolio.
  •   Insurance Companies are mandated to invest 20% of non-life and 40% of life funds in the housing sector with 50% of these directly in the funds.
  •   Financial contributions of the Federal Government.
  • Mandatory contribution of 2.5% of monthly income of Nigerians earning =N=3000 and above per annum.
  •   Commercial and Merchant Banks to invest 10% of their loans and advances portfolio.
  •   Insurance Companies are mandated to invest 20% of non-life and 40% of life funds in the housing sector with 50% of these directly in the funds.
  •   Financial contributions of the Federal Government.

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  •   Housing loan of up to 90% of the cost of the house.
  •   Interest on loans remains fixed throughout the life of the mortgage at 6% p.a.
  •   Long period of repayment of up to 30 years.
  •   Contributions can serve as additional old age security.
  •   Up to N15 million can be borrowed.
  •   Refunds with 2% interest on retirement.
  •   Loan repayment is about the same as a typical monthly rent.
  •   Every contributor has: a lifetime registration number, a passbook for personal recording of contributions and the account statement.

  •   Registration via NHF 1 (employer) and NHF 2 (employee) forms.
  •   Deducted monthly contributions remitted to FMBN promptly (At least 6 months    contributions should be made)
  •   Passbook to be updated by an employer and is transferable from one employment to the other.
  •   Yearly statement of cumulative contributions plus accrued interest
  •   Apply through any accredited Primary Mortgage Bank(PMB)
  •   Applicant must provide satisfactory evidence of regular income.

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

  •     The Federal Mortgage Bank of Nigeria (FMBN) will supply Employer Registration       Form (NHF1) to employers.
  •     Employers will complete form NHF1 and return to the nearest branch of the Federal       Mortgage Bank of Nigeria.
  •     Federal Mortgage Bank of Nigeria will register the Employer and issue an employer’s registration number.
  •     Federal Mortgage Bank of Nigeria will issue form NHF2 to employers for completion by employees or directly to self-employed or individuals.
  •     An employee will complete the form NHF2 and return it to the employer.
  •     The employer or self-employed individuals will return the completed form NHF2 to the Federal Mortgage Bank of Nigeria.
  •     Federal Mortgage Bank of Nigeria will register Employees on Form NHF2 and allocate employees’ participation number to each employee/self-employed individual.
  •     Federal Mortgage Bank will issue a passbook to each of the registered employees       where the monthly deduction of his/her 2.5% basic salary will be posted by the       employer
  •     At this point, an employee is now a registered participant of the National Housing       Fund.
  •     Employer will commence deduction of contributions at source. Such deductions/contributions are remitted to the Federal Mortgage Bank of Nigeria with schedule of payment indicating the amount contributed by each employee and the period covered.
  •     Self–employed contributors will also commence monthly remittances of contributions to FMBN.
  •     Federal Mortgage Bank of Nigeria will accept contributions and issue receipts for payments.
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  •   Registration via NHF 1 (employer) and NHF 2 (employee) forms.
  •   Deducted monthly contributions remitted to FMBN promptly (At least 6 months    contributions should be made)
  •   Passbook to be updated by an employer and is transferable from one employment to the other.
  •   Yearly statement of cumulative contributions plus accrued interest
  •   Apply through any accredited Primary Mortgage Bank(PMB)
  •   Applicant must provide satisfactory evidence of regular income.

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

  •     The Federal Mortgage Bank of Nigeria (FMBN) will supply Employer Registration       Form (NHF1) to employers.
  •     Employers will complete form NHF1 and return to the nearest branch of the Federal       Mortgage Bank of Nigeria.
  •     Federal Mortgage Bank of Nigeria will register the Employer and issue an employer’s registration number.
  •     Federal Mortgage Bank of Nigeria will issue form NHF2 to employers for completion by employees or directly to self-employed or individuals.
  •     An employee will complete the form NHF2 and return it to the employer.
  •     The employer or self-employed individuals will return the completed form NHF2 to the Federal Mortgage Bank of Nigeria.
  •     Federal Mortgage Bank of Nigeria will register Employees on Form NHF2 and allocate employees’ participation number to each employee/self-employed individual.
  •     Federal Mortgage Bank will issue a passbook to each of the registered employees       where the monthly deduction of his/her 2.5% basic salary will be posted by the       employer
  •     At this point, an employee is now a registered participant of the National Housing       Fund.
  •     Employer will commence deduction of contributions at source. Such deductions/contributions are remitted to the Federal Mortgage Bank of Nigeria with schedule of payment indicating the amount contributed by each employee and the period covered.
  •     Self–employed contributors will also commence monthly remittances of contributions to FMBN.
  •     Federal Mortgage Bank of Nigeria will accept contributions and issue receipts for payments.

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    •  Refund is made to a contributor who has attained 60 years of age or has put in 35     years in service.
    •   Refund is also made to a contributor that has obtained a loan, liquidated the loan and has attained the age of 60 years or has put in 35 years in service.
    •   Retired from employment and becomes incapable of continuing the contribution to the Fund.
    •   For applicants from the underlisted professions, the retirement ages are as stated     below:
    • –   Professors, Judges, and Medical Consultants – 70 years of age
    • –   Academic, Non-Academic Staff, Judicial Staff – 65 years of age
    • –   Military Officers – 62 years of age
    •   Refund is made to the next-of-kin of a contributor in case of a deceased contributor.

Documents required for refund of contribution

  •   Application letter requesting for refund of contribution.
  •   Letter of offer of appointment.
  •   Birth certificate or Declaration of age certificate.
  •   Completed NHF Contribution withdrawal forms.
  •   Bank Account details through which refund would be paid.
  •   Medical report of incapability to continue contributions due to failing health
  •   Letter of administration & Death Certificate (in case of a deceased contributor)
  •   Evidence of contribution. (Receipt for self-employed contributor)
  •   Biometric Verification Number (BVN)

How to Apply

Interested Nigerians should visit FMBN NHF Morgage Loan and apply

PLEASE NOTE:

  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it. Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web
  •  We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  •  Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview
See Also: INEC Online 2022/2023 Recruitment OF AD-HOC Staff | How to Apply

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Important Notice

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to it.
  • They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
  • All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed.
  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
  • Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.
  • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview
Recommended: Ongoing Massive Recruitment for Academic & Non-Academic Staff at the University of Ibadan

Please Note: 

  • PINNACLE REPORT Is A Nigeria Online Media Platform, That share daily updates on available Jobs, vacancies, local and international scholarships, Government/international organization loans and grants.
  • we can not assist any applicant secure a job, loan, grant or scholarship. We only share the information for interested persons to apply.
  • Our admins will never call any applicant requesting for payment of my kind or request for any OTP code. Our services are absolutely free of charge. Beware of fraudsters

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