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Is this program open to only members of Metro Labourforce Cooperative Society?Yes, to participate in this program, you MUST be a member of Metro Labourforce Cooperative Society.
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What is equity contribution?This is your contribution to the total cost of the property.
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What if I decide to pay up my equity in less than 18 months?Yes, that is possible and will put you on the advantage.
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Am I eligible for NHF if I am in informal employment?Yes, NHF is open to formal and informal sectors
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How much can I receive from the FMBN?Up to 15million, this is dependent on your income
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Can I pay for the development of the house in instalments rather than take NHF loan?Yes, but you must be willing to maintain an agreed timeline
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What happens if I default in equity contribution subscription?You stand a risk of losing the provisional allocation.
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How long will I have to pay back my NHF loan?This depends on your current age at the time of disbursement. 60 – Current age
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How long before the house is ready for move in?24 months
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What if I am already contributing with the FMBN?In this case, you will pay the equity and have your NHF number ready upon request.
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Where is the Land located?Katampe 1 - Abuja
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Is this offer only open to those living in Abuja?No
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Can I still join metro coop even if I don’t want this subscription?Yes
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