National Housing Fund (NHF) is a scheme introduced by the Federal Government in which all workers earning N3,000,000 and above per annum in the country are required to contribute 2.5% of their monthly income to National Housing Fund. The Federal Mortgage Bank of Nigeria manages the fund. Contributors to the scheme, can access the Fund through Union Homes Savings and Loans Plc.


A major attraction of a loan granted under this scheme is that its repayment can be stretched over a period of up to 30 years, depending on the length of service of the beneficiary and age. Presently, the maximum loan obtainable under the scheme is up to N50 million, while interest is fixed at 6% per annum.