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Brent NHF

Brent NHF is designed for customers who are contributors to the NHF scheme for easy access to NHF loan to build, buy and renovate residential properties.

Features:

  • Maximum loan amount is N15million.
  • Interest rate of 6% per annum.
  • Tenor is up to a maximum of 30years, subject to the difference between applicant’s age and sixty (60) years or length of service years remaining.
  • Monthly repayment shall not exceed one-third of the beneficiaries’ gross monthly emolument.

Benefits to customers:

  • Low interest rate of 6%
  • Long tenor of 30years to ease repayment burden.
  • Fixed interest rate throughout the duration of the loan (i.e. the rate does not fluctuate).
  • Loan amount you benefit is independent of your contribution to the fund.
  • 0% equity for loans below N 5 Million

What to Do:      

  • Open a Brent NHF account
  • Save 10%equity for loan above N 5 Million
  • Provide evidence of regular income
  • Provide registered title documents of the target property.
  • Provide copy of NHF passbook showing updated remittance.
  • Provide current Tax Clearance Certificate.
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