NHF Contribution Calculator Nigeria — National Housing Fund
Calculate your National Housing Fund (NHF) monthly and annual contributions. 2.5% of basic salary. Includes FMBN mortgage loan eligibility estimate.
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NHF is 2.5% of basic salary (not gross) years
For total contribution estimate Basic salary presets:
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Monthly Contribution
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Annual Contribution
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Total After Selected Years
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Est. Max FMBN Loan (×50)
NHF Contribution Details
| Item | Amount |
|---|
FMBN Mortgage Benefits
| Feature | Details |
|---|---|
| FMBN Interest Rate | 6% per annum (fixed) |
| Maximum Loan Amount | ₦15,000,000 |
| Maximum Loan Tenor | 30 years |
| Loan-to-Contribution Ratio | Up to 50× total NHF contributions |
| Minimum Contribution Period | 6 months before application |
NHF Contributions and Mortgage Access
Your NHF contributions directly determine how much you can borrow from the Federal Mortgage Bank. The FMBN loan limit is up to 50× your total contributions, capped at ₦15M. At 6% interest rate compared to commercial bank mortgage rates of 20–25%, the FMBN loan offers significant savings over the loan tenor.
Contributions must be made through a registered Primary Mortgage Bank (PMB). Ensure your employer is remitting your contributions and you have an active FMBN account number.
Frequently Asked Questions
What is the National Housing Fund (NHF) in Nigeria?
The National Housing Fund is a compulsory savings scheme established under the NHF Act Cap N45 LFN 2004. It is administered by the Federal Mortgage Bank of Nigeria (FMBN) and aims to provide affordable long-term housing loans to Nigerians. Contributions accumulate and can be used to access mortgage loans at below-market rates.
Who must contribute to NHF?
Every Nigerian worker earning ₦3,000 or more per month in both the public and private sectors is required to contribute to NHF. This includes civil servants, private sector employees, and self-employed professionals. Non-compliance attracts penalties under the NHF Act.
What is the NHF contribution rate?
The NHF contribution rate is 2.5% of monthly basic salary. The employer does not match this contribution — it is solely an employee contribution. The contribution is deducted at source by the employer and remitted to FMBN monthly.
Can I access my NHF savings?
You can use accumulated NHF contributions to access FMBN mortgage loans at 6% interest rate (well below commercial rates). If you reach retirement without using it for a mortgage, you can withdraw your contributions plus a modest interest. You can also withdraw if you emigrate or become permanently incapacitated.
Is NHF contribution tax-deductible?
Yes. NHF contributions are tax-deductible under the Personal Income Tax Act. The annual NHF contribution (2.5% × monthly basic × 12) can be deducted from your gross income before computing your chargeable income for PAYE purposes.