Rent To Own

Purchase option for 1 Bedroom Block of Flats 1 Bedroom Apartment in Karsana, Abuja

Please note: although this property is listed, the seller’s authority to transfer title is unconfirmed. Verification occurs when buyers indicate purchase interest, ensuring protection of their interests.

Details

Important details about the Rent To Own

Interest Rate: 7.00% per annum
Finishing Levels: 1
Monthly Payment: ₦133,060.50
Minimum Down Payment: 20%
Payment Period: 2 years and 6 months
Maximum Loan Amount: ₦50,000,000
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of Rent To Own

Total Interest: ₦1.41M
Total Principal: ₦25.45M
Total Payable (total principal payment + total interest payment): ₦26.86M
Monthly Payment: ₦895.45K
Payment Period: 2 years and 6 months30 months

Month 1

September 22nd, 2026

Principal payment: ₦778,784.92
Interest payment: ₦116,666.67
Monthly repayment: ₦895,451.58
Remaining balance: ₦19,221,215.08

Month 2

October 22nd, 2026

Principal payment: ₦783,327.83
Interest payment: ₦112,123.75
Monthly repayment: ₦895,451.58
Remaining balance: ₦18,437,887.26

Month 3

November 22nd, 2026

Principal payment: ₦787,897.24
Interest payment: ₦107,554.34
Monthly repayment: ₦895,451.58
Remaining balance: ₦17,649,990.02

Month 4

December 22nd, 2026

Principal payment: ₦792,493.31
Interest payment: ₦102,958.28
Monthly repayment: ₦895,451.58
Remaining balance: ₦16,857,496.71

Month 5

January 22nd, 2027

Principal payment: ₦797,116.18
Interest payment: ₦98,335.40
Monthly repayment: ₦895,451.58
Remaining balance: ₦16,060,380.53

Month 6

February 22nd, 2027

Principal payment: ₦801,766.03
Interest payment: ₦93,685.55
Monthly repayment: ₦895,451.58
Remaining balance: ₦15,258,614.50

Month 7

March 22nd, 2027

Principal payment: ₦806,443
Interest payment: ₦89,008.58
Monthly repayment: ₦895,451.58
Remaining balance: ₦14,452,171.50

Month 8

April 22nd, 2027

Principal payment: ₦811,147.25
Interest payment: ₦84,304.33
Monthly repayment: ₦895,451.58
Remaining balance: ₦13,641,024.25

Month 9

May 22nd, 2027

Principal payment: ₦815,878.94
Interest payment: ₦79,572.64
Monthly repayment: ₦895,451.58
Remaining balance: ₦12,825,145.31

Month 10

June 22nd, 2027

Principal payment: ₦820,638.23
Interest payment: ₦74,813.35
Monthly repayment: ₦895,451.58
Remaining balance: ₦12,004,507.08

Month 11

July 22nd, 2027

Principal payment: ₦825,425.29
Interest payment: ₦70,026.29
Monthly repayment: ₦895,451.58
Remaining balance: ₦11,179,081.79

Month 12

August 22nd, 2027

Principal payment: ₦830,240.27
Interest payment: ₦65,211.31
Monthly repayment: ₦895,451.58
Remaining balance: ₦10,348,841.51

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	September 22nd, 2026	₦778,784.92	₦116,666.67	₦895,451.58	₦19,221,215.08
2	October 22nd, 2026	₦783,327.83	₦112,123.75	₦895,451.58	₦18,437,887.26
3	November 22nd, 2026	₦787,897.24	₦107,554.34	₦895,451.58	₦17,649,990.02
4	December 22nd, 2026	₦792,493.31	₦102,958.28	₦895,451.58	₦16,857,496.71
5	January 22nd, 2027	₦797,116.18	₦98,335.40	₦895,451.58	₦16,060,380.53
6	February 22nd, 2027	₦801,766.03	₦93,685.55	₦895,451.58	₦15,258,614.50
7	March 22nd, 2027	₦806,443	₦89,008.58	₦895,451.58	₦14,452,171.50
8	April 22nd, 2027	₦811,147.25	₦84,304.33	₦895,451.58	₦13,641,024.25
9	May 22nd, 2027	₦815,878.94	₦79,572.64	₦895,451.58	₦12,825,145.31
10	June 22nd, 2027	₦820,638.23	₦74,813.35	₦895,451.58	₦12,004,507.08
11	July 22nd, 2027	₦825,425.29	₦70,026.29	₦895,451.58	₦11,179,081.79
12	August 22nd, 2027	₦830,240.27	₦65,211.31	₦895,451.58	₦10,348,841.51
13	September 22nd, 2027	₦835,083.34	₦60,368.24	₦895,451.58	₦9,513,758.17
14	October 22nd, 2027	₦839,954.66	₦55,496.92	₦895,451.58	₦8,673,803.51
15	November 22nd, 2027	₦844,854.39	₦50,597.19	₦895,451.58	₦7,828,949.12
16	December 22nd, 2027	₦849,782.71	₦45,668.87	₦895,451.58	₦6,979,166.41
17	January 22nd, 2028	₦854,739.78	₦40,711.80	₦895,451.58	₦6,124,426.63
18	February 22nd, 2028	₦859,725.76	₦35,725.82	₦895,451.58	₦5,264,700.87
19	March 22nd, 2028	₦864,740.83	₦30,710.76	₦895,451.58	₦4,399,960.04
20	April 22nd, 2028	₦869,785.15	₦25,666.43	₦895,451.58	₦3,530,174.89
21	May 22nd, 2028	₦874,858.90	₦20,592.69	₦895,451.58	₦2,655,316
22	June 22nd, 2028	₦879,962.24	₦15,489.34	₦895,451.58	₦1,775,353.76
23	July 22nd, 2028	₦885,095.35	₦10,356.23	₦895,451.58	₦890,258.41
24	August 22nd, 2028	₦890,258.41	₦5,193.17	₦895,451.58	₦0

Finishing Levels

These are the different levels of finishing which the 1 Bedroom Block of Flats can be purchased using the Rent To Own and the various prices on each finishing level.

Semi Finished

A semi-finished house is a property where the exterior is fully completed, including painted walls, a finished roof, installed windows, and exit doors. However, the interior is left unfinished, allowing buyers to customize it to their taste. Inside, walls are plastered but not painted, and flooring is left as plain concrete. Electrical wiring and plumbing pipes are installed, but there are no sockets, bathroom fixtures, wardrobes, or kitchen fittings. This option is more affordable than a fully finished house and offers buyers the flexibility to complete the interiors gradually based on their preferences and budget.

Price: ₦25,000,000
Minimum Initial Deposit: 20% (₦5,000,000)
Monthly Payment: ₦133,060.50
Payment Period: 2 years and 6 months

How it works

How the Rent To Own works on Giddaa

Step 1
Start Contributing
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
Step 2
Find and Apply
After 6 months of contributions (for new contributors), choose a home available on Giddaa under the Rent-to-Own plan, inspect it, and apply by submitting your documents for prequalification.
Performed by You with support from Giddaa
Step 3
FMBN Reviews Application
Your application is submitted directly to the FMBN Zonal Office for document checks, processing, and approval.
Performed by Federal Mortgage Bank of Nigeria (FMBN)
Step 4
Get Offer, Move In
If approved, FMBN issues an offer letter, and once you accept, you move into the home and start your Rent-to-Own journey.
Performed by You

Your Affordability

Your affordability for the Rent To Own

Log in to check your affordability

We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.

Application Documents

The documents you need to submit when applying for Rent To Own

No documents found

This plan does not require any documents.

Who Can Apply

The kinds of people that can apply for Rent To Own

individuals

These are people applying by themselves, without a co-applicant.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Buy the 1 Bed Apartment in Karsana Abuja with the Rent To Own. | Giddaa

Rent To Own

Purchase option for 1 Bedroom Block of Flats 1 Bedroom Apartment in Karsana, Abuja

Details

Important details about the Rent To Own

Interest Rate: 7.00% per annum
Finishing Levels: 1
Monthly Payment: ₦133,060.50
Minimum Down Payment: 20%
Payment Period: 2 years and 6 months
Maximum Loan Amount: ₦50,000,000
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of Rent To Own

Total Interest: ₦1.41M
Total Principal: ₦25.45M
Total Payable (total principal payment + total interest payment): ₦26.86M
Monthly Payment: ₦895.45K
Payment Period: 2 years and 6 months30 months

Month 1

September 22nd, 2026

Principal payment: ₦778,784.92
Interest payment: ₦116,666.67
Monthly repayment: ₦895,451.58
Remaining balance: ₦19,221,215.08

Month 2

October 22nd, 2026

Principal payment: ₦783,327.83
Interest payment: ₦112,123.75
Monthly repayment: ₦895,451.58
Remaining balance: ₦18,437,887.26

Month 3

November 22nd, 2026

Principal payment: ₦787,897.24
Interest payment: ₦107,554.34
Monthly repayment: ₦895,451.58
Remaining balance: ₦17,649,990.02

Month 4

December 22nd, 2026

Principal payment: ₦792,493.31
Interest payment: ₦102,958.28
Monthly repayment: ₦895,451.58
Remaining balance: ₦16,857,496.71

Month 5

January 22nd, 2027

Principal payment: ₦797,116.18
Interest payment: ₦98,335.40
Monthly repayment: ₦895,451.58
Remaining balance: ₦16,060,380.53

Month 6

February 22nd, 2027

Principal payment: ₦801,766.03
Interest payment: ₦93,685.55
Monthly repayment: ₦895,451.58
Remaining balance: ₦15,258,614.50

Month 7

March 22nd, 2027

Principal payment: ₦806,443
Interest payment: ₦89,008.58
Monthly repayment: ₦895,451.58
Remaining balance: ₦14,452,171.50

Month 8

April 22nd, 2027

Principal payment: ₦811,147.25
Interest payment: ₦84,304.33
Monthly repayment: ₦895,451.58
Remaining balance: ₦13,641,024.25

Month 9

May 22nd, 2027

Principal payment: ₦815,878.94
Interest payment: ₦79,572.64
Monthly repayment: ₦895,451.58
Remaining balance: ₦12,825,145.31

Month 10

June 22nd, 2027

Principal payment: ₦820,638.23
Interest payment: ₦74,813.35
Monthly repayment: ₦895,451.58
Remaining balance: ₦12,004,507.08

Month 11

July 22nd, 2027

Principal payment: ₦825,425.29
Interest payment: ₦70,026.29
Monthly repayment: ₦895,451.58
Remaining balance: ₦11,179,081.79

Month 12

August 22nd, 2027

Principal payment: ₦830,240.27
Interest payment: ₦65,211.31
Monthly repayment: ₦895,451.58
Remaining balance: ₦10,348,841.51

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	September 22nd, 2026	₦778,784.92	₦116,666.67	₦895,451.58	₦19,221,215.08
2	October 22nd, 2026	₦783,327.83	₦112,123.75	₦895,451.58	₦18,437,887.26
3	November 22nd, 2026	₦787,897.24	₦107,554.34	₦895,451.58	₦17,649,990.02
4	December 22nd, 2026	₦792,493.31	₦102,958.28	₦895,451.58	₦16,857,496.71
5	January 22nd, 2027	₦797,116.18	₦98,335.40	₦895,451.58	₦16,060,380.53
6	February 22nd, 2027	₦801,766.03	₦93,685.55	₦895,451.58	₦15,258,614.50
7	March 22nd, 2027	₦806,443	₦89,008.58	₦895,451.58	₦14,452,171.50
8	April 22nd, 2027	₦811,147.25	₦84,304.33	₦895,451.58	₦13,641,024.25
9	May 22nd, 2027	₦815,878.94	₦79,572.64	₦895,451.58	₦12,825,145.31
10	June 22nd, 2027	₦820,638.23	₦74,813.35	₦895,451.58	₦12,004,507.08
11	July 22nd, 2027	₦825,425.29	₦70,026.29	₦895,451.58	₦11,179,081.79
12	August 22nd, 2027	₦830,240.27	₦65,211.31	₦895,451.58	₦10,348,841.51
13	September 22nd, 2027	₦835,083.34	₦60,368.24	₦895,451.58	₦9,513,758.17
14	October 22nd, 2027	₦839,954.66	₦55,496.92	₦895,451.58	₦8,673,803.51
15	November 22nd, 2027	₦844,854.39	₦50,597.19	₦895,451.58	₦7,828,949.12
16	December 22nd, 2027	₦849,782.71	₦45,668.87	₦895,451.58	₦6,979,166.41
17	January 22nd, 2028	₦854,739.78	₦40,711.80	₦895,451.58	₦6,124,426.63
18	February 22nd, 2028	₦859,725.76	₦35,725.82	₦895,451.58	₦5,264,700.87
19	March 22nd, 2028	₦864,740.83	₦30,710.76	₦895,451.58	₦4,399,960.04
20	April 22nd, 2028	₦869,785.15	₦25,666.43	₦895,451.58	₦3,530,174.89
21	May 22nd, 2028	₦874,858.90	₦20,592.69	₦895,451.58	₦2,655,316
22	June 22nd, 2028	₦879,962.24	₦15,489.34	₦895,451.58	₦1,775,353.76
23	July 22nd, 2028	₦885,095.35	₦10,356.23	₦895,451.58	₦890,258.41
24	August 22nd, 2028	₦890,258.41	₦5,193.17	₦895,451.58	₦0

Finishing Levels

These are the different levels of finishing which the 1 Bedroom Block of Flats can be purchased using the Rent To Own and the various prices on each finishing level.

Semi Finished

Price: ₦25,000,000
Minimum Initial Deposit: 20% (₦5,000,000)
Monthly Payment: ₦133,060.50
Payment Period: 2 years and 6 months

How it works

How the Rent To Own works on Giddaa

Step 1
Start Contributing
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
Step 2
Find and Apply
After 6 months of contributions (for new contributors), choose a home available on Giddaa under the Rent-to-Own plan, inspect it, and apply by submitting your documents for prequalification.
Performed by You with support from Giddaa
Step 3
FMBN Reviews Application
Your application is submitted directly to the FMBN Zonal Office for document checks, processing, and approval.
Performed by Federal Mortgage Bank of Nigeria (FMBN)
Step 4
Get Offer, Move In
If approved, FMBN issues an offer letter, and once you accept, you move into the home and start your Rent-to-Own journey.
Performed by You

Your Affordability

Your affordability for the Rent To Own

Log in to check your affordability

We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.

Application Documents

The documents you need to submit when applying for Rent To Own

No documents found

This plan does not require any documents.

Who Can Apply

The kinds of people that can apply for Rent To Own

individuals

These are people applying by themselves, without a co-applicant.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Details

Repayment Schedule

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

Finishing Levels

Semi Finished

How it works

Start Contributing

Find and Apply

FMBN Reviews Application

Get Offer, Move In

Your Affordability

Log in to check your affordability

Application Documents

Who Can Apply

individuals

Details

Repayment Schedule

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

Finishing Levels

Semi Finished

How it works

Start Contributing

Find and Apply

FMBN Reviews Application

Get Offer, Move In

Your Affordability

Log in to check your affordability

Application Documents

Who Can Apply

individuals