Monthly NHF Contribution (2.5%)
NGN1,250
Annual NHF Contribution
NGN15,000
Estimated Accumulated Fund
NGN0
Max NHF Loan (up to ₦15M)
NGN0
Nigeria NHF Contribution कैलकुलेटर — Monthly Basic वेतन (₦) ₹50,000
With monthly basic वेतन (₦) of ₹50,000, the monthly nhf contribution (2.5%) is NGN1,250.
NHF is 2.5% of basic salary only — not total gross salary
Need 6+ months to access NHF loan, maximum loan of ₦15M at 6% interest
Monthly NHF Contribution (2.5%)
NGN5,000
Annual NHF Contribution
NGN60,000
Estimated Accumulated Fund
NGN3,19,203
Max NHF Loan (up to ₦15M)
NGN9,57,608
NHF is mandatory for Nigerian employees in both public and private sectors earning ₦3,000+/month. Contributor earns 2.5% on accumulated funds. Can apply for NHF mortgage loan of up to ₦15M at 6% p.a. through a Primary Mortgage Bank (PMB).
What is the Nigeria NHF Contribution Calculator?
The National Housing Fund (NHF), established by NHF Act 1992 and managed by FMBN, collects 2.5% of basic salary from Nigerian workers to fund affordable housing mortgages. Contributors earn 2.5% annual interest on their funds. After 6 months of contributions, workers can access NHF mortgage loans of up to ₦15 million at 6% interest rate — significantly below market mortgage rates.
Formula
Monthly NHF = Basic Salary × 2.5%. Fund grows at 2.5% annual interest.- S_basic
- = Monthly basic salary
How to use the Nigeria NHF Contribution Calculator
- 1
Step 1
Enter monthly basic salary.
- 2
Step 2
Enter years of NHF contributions.
- 3
Step 3
View monthly contribution, accumulated fund, and potential mortgage eligibility.
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Frequently asked questions
What is the NHF mortgage loan amount in Nigeria?
NHF mortgage loans can be up to ₦15 million at 6% interest per annum for up to 30 years. The loan must be for residential property only. Applicants must have contributed for at least 6 months.
Is NHF contribution mandatory in Nigeria?
NHF contribution is mandatory for Nigerian employees in both public and private sectors earning ₦3,000 or more per month. Employers withhold and remit to FMBN monthly. Private sector compliance has historically been low but is increasing.
Can I withdraw my NHF fund?
NHF funds (not mortgage loans) can only be withdrawn upon retirement from employment, reaching age 60, or if you contributed for 35+ years. The fund earns a minimum 2.5% per annum.
Sources
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