12 Month Payment Plan

Purchase option for 2 Bedroom Apartment 2 Bedroom Apartment in Victoria Island (VI), Lagos

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 12 Month Payment Plan

Finishing Levels: 1
Monthly Payment: ₦32,337,200
Minimum Down Payment: 20%
Payment Period: 12 years
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of 12 Month Payment Plan

Total Interest: ₦0
Total Principal: ₦388.05M
Total Payable (total principal payment + total interest payment): ₦388.05M
Monthly Payment: ₦32.34M
Payment Period: 1 year12 months

Month 1

October 22nd, 2026

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦355,709,200

Month 2

November 22nd, 2026

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦323,372,000

Month 3

December 22nd, 2026

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦291,034,800

Month 4

January 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦258,697,600

Month 5

February 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦226,360,400

Month 6

March 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦194,023,200

Month 7

April 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦161,686,000

Month 8

May 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦129,348,800

Month 9

June 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦97,011,600

Month 10

July 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦64,674,400

Month 11

August 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦32,337,200

Month 12

September 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦0

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	October 22nd, 2026	₦32,337,200	₦0	₦32,337,200	₦355,709,200
2	November 22nd, 2026	₦32,337,200	₦0	₦32,337,200	₦323,372,000
3	December 22nd, 2026	₦32,337,200	₦0	₦32,337,200	₦291,034,800
4	January 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦258,697,600
5	February 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦226,360,400
6	March 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦194,023,200
7	April 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦161,686,000
8	May 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦129,348,800
9	June 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦97,011,600
10	July 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦64,674,400
11	August 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦32,337,200
12	September 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦0

Finishing Levels

These are the different levels of finishing which the 2 Bedroom Apartment can be purchased using the 12 Month Payment Plan and the various prices on each finishing level.

Fully Completed (Not Furnished)

A fully finished house is a move-in-ready property where both the exterior and interior are completely done. The outside is fully painted with all doors, windows, and roofing in place. Inside, the walls are painted, ceilings are finished, floors are tiled, and all electrical sockets, light fixtures, and switches are installed. The bathrooms come with toilets, sinks, showers or bathtubs. It’s perfect for buyers who want a home that’s ready to live in without any extra work or finishing costs.

Price: ₦485,058,000
Minimum Initial Deposit: 20% (₦97,011,600)
Monthly Payment: ₦32,337,200
Payment Period: 12 years

How it works

How the 12 Month Payment Plan works on Giddaa

Step 1
Find Home
Choose a house available on the Giddaa platform under the Developer Payment Plan, inspect it, and if you like the house, you will be given an offer letter.
Performed by You with support from Giddaa
Step 2
Get Offer Letter
Review the offer letter, conduct due diligence (optional, but advised), and submit your application with any necessary documents (if requested) to Giddaa. We will then send your application to the developer.
Performed by You with support from Giddaa
Step 3
Make Payments
Review and sign the sales agreement, pay your equity, and follow the structured payment plan through the Giddaa platform. You will get a full payment schedule, reminders, payment history, receipts, and a wallet to manage your payments.
Performed by You with support from Giddaa
Step 4
Get Keys, Move In
Once all payments are completed and the house is fully built, you receive your keys and move into your home.
Performed by You

Policies

Policies for the purchase of 12 Month Payment Plan

Default Fee

Default Fee - In the event of a default (Payment after due date plus the grace period, if any), the seller would charge an additional ₦646,744, representing 2% extra to the required monthly payment.

Maximum Missed Payments Before Property Recovery

The maximum number of payments the seller deems permissible is 3 payments. In the event that more than 3 payments are missed, the seller would seek to recover the property from you for resale to another client.

Grace Period

The seller provides a grace period of 7 daysbefore charging a default fee of ₦646,744. The default amount will be added to the monthly payments for that month.

Your Affordability

Your affordability for the 12 Month Payment Plan

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 12 Month Payment Plan

No documents found

This plan does not require any documents.

Buy the 2 Bed Apartment in Victoria Island (VI) Lagos with the 12 Month Payment Plan. | Giddaa

12 Month Payment Plan

Purchase option for 2 Bedroom Apartment 2 Bedroom Apartment in Victoria Island (VI), Lagos

Details

Important details about the 12 Month Payment Plan

Finishing Levels: 1
Monthly Payment: ₦32,337,200
Minimum Down Payment: 20%
Payment Period: 12 years
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of 12 Month Payment Plan

Total Interest: ₦0
Total Principal: ₦388.05M
Total Payable (total principal payment + total interest payment): ₦388.05M
Monthly Payment: ₦32.34M
Payment Period: 1 year12 months

Month 1

October 22nd, 2026

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦355,709,200

Month 2

November 22nd, 2026

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦323,372,000

Month 3

December 22nd, 2026

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦291,034,800

Month 4

January 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦258,697,600

Month 5

February 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦226,360,400

Month 6

March 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦194,023,200

Month 7

April 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦161,686,000

Month 8

May 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦129,348,800

Month 9

June 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦97,011,600

Month 10

July 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦64,674,400

Month 11

August 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦32,337,200

Month 12

September 22nd, 2027

Principal payment: ₦32,337,200
Interest payment: ₦0
Monthly repayment: ₦32,337,200
Remaining balance: ₦0

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	October 22nd, 2026	₦32,337,200	₦0	₦32,337,200	₦355,709,200
2	November 22nd, 2026	₦32,337,200	₦0	₦32,337,200	₦323,372,000
3	December 22nd, 2026	₦32,337,200	₦0	₦32,337,200	₦291,034,800
4	January 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦258,697,600
5	February 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦226,360,400
6	March 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦194,023,200
7	April 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦161,686,000
8	May 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦129,348,800
9	June 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦97,011,600
10	July 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦64,674,400
11	August 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦32,337,200
12	September 22nd, 2027	₦32,337,200	₦0	₦32,337,200	₦0

Finishing Levels

These are the different levels of finishing which the 2 Bedroom Apartment can be purchased using the 12 Month Payment Plan and the various prices on each finishing level.

Fully Completed (Not Furnished)

Price: ₦485,058,000
Minimum Initial Deposit: 20% (₦97,011,600)
Monthly Payment: ₦32,337,200
Payment Period: 12 years

How it works

How the 12 Month Payment Plan works on Giddaa

Step 1
Find Home
Choose a house available on the Giddaa platform under the Developer Payment Plan, inspect it, and if you like the house, you will be given an offer letter.
Performed by You with support from Giddaa
Step 2
Get Offer Letter
Review the offer letter, conduct due diligence (optional, but advised), and submit your application with any necessary documents (if requested) to Giddaa. We will then send your application to the developer.
Performed by You with support from Giddaa
Step 3
Make Payments
Review and sign the sales agreement, pay your equity, and follow the structured payment plan through the Giddaa platform. You will get a full payment schedule, reminders, payment history, receipts, and a wallet to manage your payments.
Performed by You with support from Giddaa
Step 4
Get Keys, Move In
Once all payments are completed and the house is fully built, you receive your keys and move into your home.
Performed by You

Policies

Policies for the purchase of 12 Month Payment Plan

Default Fee

Maximum Missed Payments Before Property Recovery

Grace Period

The seller provides a grace period of 7 daysbefore charging a default fee of ₦646,744. The default amount will be added to the monthly payments for that month.

Your Affordability

Your affordability for the 12 Month Payment Plan

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 12 Month Payment Plan

No documents found

This plan does not require any documents.

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

Fully Completed (Not Furnished)

How it works

Find Home

Get Offer Letter

Make Payments

Get Keys, Move In

Policies

Default Fee

Maximum Missed Payments Before Property Recovery

Grace Period

Your Affordability

Log in to check your affordability

Application Documents

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

Fully Completed (Not Furnished)

How it works

Find Home

Get Offer Letter

Make Payments

Get Keys, Move In

Policies

Default Fee

Maximum Missed Payments Before Property Recovery

Grace Period

Your Affordability

Log in to check your affordability

Application Documents