FMBN Housing Property Loan (Rent to Own) Application Form Portal 2022/2023 – This article explains better ways to apply for Federal Mortgage Bank of Nigeria (FMBN) Housing Property Loan through National Housing Fund (NHF).
As an eligible contributor to the National Housing Fund (NHF) Scheme, you could apply to own an Federal Mortgage Bank of Nigeria FMBN financed housing property loan, move in as a tenant, and conveniently pay to own it over time using the FMBN Rent-to-Own housing product.
READ – Federal Mortgage Bank Loan Application Form Portal
What is FMBN Rent To Own?
The FMBN Rent-to-Own scheme is an innovative affordable housing product, which provides an easy and convenient payment plan towards homeownership for Nigerian workers. The scheme is specifically designed to make it possible for Nigerian workers to move into FMBN homes as tenants, pay for and own the properties through monthly or yearly rent payments spread over periods of up to 30years.
READ – NIRSAL Agrogeocoop Loan Registration – Apply Now
According to FMBN, payments could be made in monthly or annual installments over periods as long as 30 years – depending on age and number of years in service – at an interest rate of 7 percent.
READ – cbnties.com.ng/register – CBN TIES Loan Form Portal and Registration
Who can apply?
1) Any Nigerian above the age of 18
2) Applicant must be a contributor to the National Housing Fund for a minimum period of six (6) months.
3) Applicant must have satisfactory evidence of regular flow of income to guarantee loan repayment.
READ – NMFB NIRSAL COVID-19 Loan – nibloans.nmfb.com.ng-nmfbloanapplicationportal
Product Features:
READ – Nirsal Credit Risk Guarantee Loan Scheme Application
How to Apply for NMFB Housing Property Loan
For further information, kindly visit the FMBN website
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