National Housing Fund (NHF) is a Federal Government scheme, which entitles all Nigerians above the age of 18 years in paid employment to a low interest, government funded loan. Members of the scheme contribute 2.5% of their monthly salary to the fund, for a period not less than six (6) months. The maximum amount obtainable under the NHF is N15 million. The borrowed capital is repayable at the rate of 6% interest, over a maximum of 30 years (depending on factors such as your age, earnings etc.).