NHF Contribution Calculator

Calculate your National Housing Fund deductions — 2.5% of basic salary — and see your total contribution over time.

NHF Contribution Details

Monthly Basic Salary

₦

Projection Period (Years)

yrs

NHF Rate: 2.5% of basic salary — deducted monthly from employee's pay

Monthly NHF Contribution

₦4,375

Basic Salary

₦175,000

NHF Rate

2.5%

Monthly Deduction

₦4,375

Annual Contribution

₦52,500

Total After 10 Years

₦525,000

Extended

Fund Growth Chart, Salary Milestones & Eligibility Check

Visualize how your NHF contributions accumulate over your career, compare across salary levels, and verify NHF loan eligibility.

Total NHF contributions at ₦175,000 basic salary (no interest, contributions only):

After 5 years

₦262,500

After 10 years

₦525,000

After 20 years

₦1,050,000

After 30 years

₦1,575,000

NHF contributions are refunded with 2% interest on retirement or when you are no longer eligible for a loan. The fund also qualifies you for a subsidized mortgage at 6% per annum.

Professional

Career Projection & NHF Mortgage Benefit

Model your NHF contributions over a full career with annual salary increases, and calculate the maximum NHF mortgage you could access.

Annual Salary Increase

Career Duration

years

Career-Total NHF Contributions

₦2,505,673

Starting Salary

₦175,000

Annual Raise

Career Duration

25 years

Total Contributions

₦2,505,673

5-Year Milestones

Year 5 — Salary ₦212,714

₦290,096 total

Year 10 — Salary ₦271,482

₦660,339 total

Year 15 — Salary ₦346,488

₦1,132,875 total

Year 20 — Salary ₦442,216

₦1,735,963 total

Year 25 — Salary ₦564,392

₦2,505,673 total

How to Use This Calculator

Enter your monthly basic salary — NHF is calculated on basic salary only, not on allowances. The calculator automatically applies the 2.5% statutory rate and shows your monthly deduction, annual contribution, and projected total savings over your chosen number of years.

Use the projection years field to see how much your NHF account will accumulate — these funds can be accessed as a low-interest mortgage loan through the Federal Mortgage Bank of Nigeria (FMBN).

The Formula

Monthly NHF = Basic Salary × 2.5% (NHF_RATE) Annual NHF = Monthly NHF × 12 Total after N years = Annual NHF × N Where: NHF_RATE = 0.025 (2.5% statutory rate) Basic Salary = Monthly basic component only (excludes housing, transport, other allowances)

Note: The calculation assumes a constant basic salary. In practice, your contributions grow over time as your salary increases with promotions and reviews.

Example

Scenario: Civil Servant Contribution

Abiodun works in the Federal Civil Service with a monthly basic salary of ₦175,000. He wants to know his NHF contributions over 10 years.

Monthly basic salary₦175,000

NHF rate2.5%

Monthly NHF = ₦175K × 2.5%₦4,375

Annual contribution₦52,500

Total after 10 years₦525,000

After 10 years, Abiodun has built up ₦525,000 in his NHF account, making him eligible to apply for an FMBN mortgage loan of up to 90% of the value of his desired property.

About the National Housing Fund

The NHF is administered by the Federal Mortgage Bank of Nigeria (FMBN) under the NHF Act. Key facts:

Who contributes: All Nigerian employees (public and private sector) earning ₦3,000 per month and above are required to contribute.
Rate: 2.5% of monthly basic salary, deducted by the employer.
Returns: Contributors receive 2% per annum interest on their fund balance.
Access: After 6 months of contributions, you can apply for an NHF-backed mortgage loan at 6% per annum — far below commercial bank rates.
Refund: At retirement or upon leaving formal employment, contributors can request a refund of their contributions plus 2% interest.
Tax deductibility: NHF contributions are deductible when computing your PAYE taxable income.

FAQ

Yes. Under the NHF Act, all Nigerian workers in both public and private sectors who earn ₦3,000 per month or more are required to contribute 2.5% of their basic salary to the NHF. Employers are legally obligated to deduct and remit these contributions on behalf of their employees.

Yes. After a minimum of 6 months of contributions, you are eligible to apply for an NHF mortgage loan through the Federal Mortgage Bank of Nigeria (FMBN). Loans are available at 6% per annum — significantly below the 20%+ rate at commercial banks. The maximum loan is typically tied to your contribution history and income level.

Both are compulsory deductions but serve different purposes. Pension (8% of basic + housing + transport) builds your retirement fund. NHF (2.5% of basic salary only) is specifically for housing finance. They are separate accounts managed by different bodies — pension by your PFA, NHF by FMBN.

Your employer should register you with FMBN using your NIN. If your employer has not done this, you can visit any FMBN branch or primary mortgage institution (PMI) to register. You will receive an NHF number which tracks your contributions and is needed when applying for a mortgage.