Federal Mortgage Bank of Nigeria (FMBN) is going digital, implementation is ongoing, and once completed, it would eliminate manual processes, ensure faster home loan applications, quicker NHF refund treatment, and improve overall operational efficiency at the bank.
In 2020, the Federal Government approved the purchase and deployment of a modern Core Banking Software that is designed to digitize FMBN operations for faster and more efficient service delivery.
FMBN CEO, Arc. Ahmed Musa Dangiwa said: “FMBN is committed to improved delivery of affordable housing to Nigerians.”
He added: “When you register and contribute 2.5% of your monthly salary to the National Housing Fund (NHF) Scheme for six consecutive months, you are eligible to apply & get a home loan at 6% interest rate with a payback period of up to 30-years! Participation is open to all Nigerians who work and earn a predictable source of income.”
Here is a step-by-step guide on how to apply for the NHF Loan YOUTUBE