This product or facility is designed to enable individuals who have been contributing to the National Housing Trust Fund Scheme for the last six (6) months to buy, develop, complete or renovate their own homes. Opening deposit and monthly contribution for both savings and mortgage account are dependent on the customer’s income and loan requirement.

Key features and benefits:

• Interest rate on savings account                 4% p.a.
• Interest rate on mortgage account              6% p.a.
• Repayment period                                          30years
• Minimum savings period                               6months
• Equity contribution                                          10% of loan
• Maximum loan amount                                  N5million
• Security                                                             Financed property

Added value:

• Easy access to NHF loan
• Long tenor of repayment subject to age of applicants
• Earn interest on your savings deposit
• Structured repayment plan to match customers budget
• Stable interest rate throughout the tenor