Rent To Own Plan

Purchase option for 2 Bedroom Apartment 2 Bedroom Apartment in Kuje, 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 Plan

Interest Rate: 7.00% per annum
Finishing Levels: 1
Monthly Payment: ₦186,284.70
Minimum Down Payment: 20%
Payment Period: 30 years
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 Plan

Total Interest: ₦58.80M
Total Principal: ₦0
Total Payable (total principal payment + total interest payment): ₦58.80M
Monthly Payment: ₦163.33K
Payment Period: 30 years360 months

Month 1

November 8th, 2026

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 2

December 8th, 2026

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 3

January 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 4

February 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 5

March 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 6

April 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 7

May 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 8

June 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 9

July 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 10

August 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 11

September 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 12

October 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	November 8th, 2026	₦0	₦163,333.33	₦163,333.33	₦28,000,000
2	December 8th, 2026	₦0	₦163,333.33	₦163,333.33	₦28,000,000
3	January 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
4	February 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
5	March 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
6	April 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
7	May 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
8	June 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
9	July 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
10	August 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
11	September 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
12	October 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
13	November 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
14	December 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
15	January 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
16	February 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
17	March 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
18	April 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
19	May 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
20	June 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
21	July 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
22	August 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
23	September 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
24	October 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000

Finishing Levels

These are the different levels of finishing which the 2 Bedroom Apartment can be purchased using the Rent To Own Plan 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: ₦35,000,000
Minimum Initial Deposit: 20% (₦7,000,000)
Monthly Payment: ₦186,284.70
Payment Period: 30 years

How it works

How the Rent To Own Plan 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 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 Rent To Own Plan

No documents found

This plan does not require any documents.

Buy the 2 Bed Apartment in Kuje Abuja with the Rent To Own Plan. | Giddaa

Rent To Own Plan

Purchase option for 2 Bedroom Apartment 2 Bedroom Apartment in Kuje, Abuja

Details

Important details about the Rent To Own Plan

Interest Rate: 7.00% per annum
Finishing Levels: 1
Monthly Payment: ₦186,284.70
Minimum Down Payment: 20%
Payment Period: 30 years
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 Plan

Total Interest: ₦58.80M
Total Principal: ₦0
Total Payable (total principal payment + total interest payment): ₦58.80M
Monthly Payment: ₦163.33K
Payment Period: 30 years360 months

Month 1

November 8th, 2026

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 2

December 8th, 2026

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 3

January 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 4

February 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 5

March 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 6

April 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 7

May 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 8

June 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 9

July 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 10

August 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 11

September 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

Month 12

October 8th, 2027

Principal payment: ₦0
Interest payment: ₦163,333.33
Monthly repayment: ₦163,333.33
Remaining balance: ₦28,000,000

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	November 8th, 2026	₦0	₦163,333.33	₦163,333.33	₦28,000,000
2	December 8th, 2026	₦0	₦163,333.33	₦163,333.33	₦28,000,000
3	January 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
4	February 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
5	March 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
6	April 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
7	May 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
8	June 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
9	July 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
10	August 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
11	September 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
12	October 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
13	November 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
14	December 8th, 2027	₦0	₦163,333.33	₦163,333.33	₦28,000,000
15	January 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
16	February 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
17	March 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
18	April 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
19	May 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
20	June 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
21	July 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
22	August 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
23	September 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000
24	October 8th, 2028	₦0	₦163,333.33	₦163,333.33	₦28,000,000

Finishing Levels

These are the different levels of finishing which the 2 Bedroom Apartment can be purchased using the Rent To Own Plan and the various prices on each finishing level.

Semi Finished

Price: ₦35,000,000
Minimum Initial Deposit: 20% (₦7,000,000)
Monthly Payment: ₦186,284.70
Payment Period: 30 years

How it works

How the Rent To Own Plan 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 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 Rent To Own 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

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

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