Payment Plans – These are interest-free, flexible short- to mid-term payment options offered by real estate developers. They allow buyers to spread payments over time instead of paying the full amount upfront.
Per Month
0%
Interest Rate
Fully Completed (Not Furnished)
Finishing Level
₦140,000,000
Finishing Level Price
50% (₦70,000,000)
Minimum Initial Deposit
6 years
Payment Period
MREIF - Managed by the Ministry of Finance Incorporated, this plan offers mortgages at 9.75% interest, with a repayment period of up to 25 years and a maximum loan amount of ₦100 million.
Per Month
9.75%
Interest Rate
Fully Completed (Not Furnished)
Finishing Level
₦140,000,000
Finishing Level Price
28.57% (₦40,000,000)
Minimum Initial Deposit
₦100,000,000
Max Loan Amount
20 years
Max Payment Period
Outright Purchase – A simple, one-time payment method where buyers pay the full cost of the home upfront, securing ownership immediately.
One-Time Payment
Fully Completed (Not Furnished)
Finishing Level