Month 1
September 23rd, 2026
- Principal payment
- Interest payment
- Monthly repayment
- Remaining balance
Purchase option for 2 Bedroom Penthouse 2 Bedroom Penthouse in Lekki, Lagos
Important details about the MREIF Mortgage
Repayment Schedule for the payment of MREIF Mortgage
September 23rd, 2026
October 23rd, 2026
November 23rd, 2026
December 23rd, 2026
January 23rd, 2027
February 23rd, 2027
March 23rd, 2027
April 23rd, 2027
May 23rd, 2027
June 23rd, 2027
July 23rd, 2027
August 23rd, 2027
| S/N | Month | Monthly Principal Payment | Monthly Interest Payment | Monthly Repayment | Remaining Balance |
|---|---|---|---|---|---|
| 1 | September 23rd, 2026 | ₦5,000,000 | ₦812,500 | ₦5,812,500 | ₦95,000,000 |
| 2 | October 23rd, 2026 | ₦5,000,000 | ₦771,875 | ₦5,771,875 | ₦90,000,000 |
| 3 | November 23rd, 2026 | ₦5,000,000 | ₦731,250 | ₦5,731,250 | ₦85,000,000 |
| 4 | December 23rd, 2026 | ₦5,000,000 | ₦690,625 | ₦5,690,625 | ₦80,000,000 |
| 5 | January 23rd, 2027 | ₦5,000,000 | ₦650,000 | ₦5,650,000 | ₦75,000,000 |
| 6 | February 23rd, 2027 | ₦5,000,000 | ₦609,375 | ₦5,609,375 | ₦70,000,000 |
| 7 | March 23rd, 2027 | ₦5,000,000 | ₦568,750 | ₦5,568,750 | ₦65,000,000 |
| 8 | April 23rd, 2027 | ₦5,000,000 | ₦528,125 | ₦5,528,125 | ₦60,000,000 |
| 9 | May 23rd, 2027 | ₦5,000,000 | ₦487,500 | ₦5,487,500 | ₦55,000,000 |
| 10 | June 23rd, 2027 | ₦5,000,000 | ₦446,875 | ₦5,446,875 | ₦50,000,000 |
| 11 | July 23rd, 2027 | ₦5,000,000 | ₦406,250 | ₦5,406,250 | ₦45,000,000 |
| 12 | August 23rd, 2027 | ₦5,000,000 | ₦365,625 | ₦5,365,625 | ₦40,000,000 |
| 13 | September 23rd, 2027 | ₦5,000,000 | ₦325,000 | ₦5,325,000 | ₦35,000,000 |
| 14 | October 23rd, 2027 | ₦5,000,000 | ₦284,375 | ₦5,284,375 | ₦30,000,000 |
| 15 | November 23rd, 2027 | ₦5,000,000 | ₦243,750 | ₦5,243,750 | ₦25,000,000 |
| 16 | December 23rd, 2027 | ₦5,000,000 | ₦203,125 | ₦5,203,125 | ₦20,000,000 |
| 17 | January 23rd, 2028 | ₦5,000,000 | ₦162,500 | ₦5,162,500 | ₦15,000,000 |
| 18 | February 23rd, 2028 | ₦5,000,000 | ₦121,875 | ₦5,121,875 | ₦10,000,000 |
| 19 | March 23rd, 2028 | ₦5,000,000 | ₦81,250 | ₦5,081,250 | ₦5,000,000 |
| 20 | April 23rd, 2028 | ₦5,000,000 | ₦40,625 | ₦5,040,625 | ₦0 |
These are the different levels of finishing which the 2 Bedroom Penthouse can be purchased using the MREIF Mortgage and the various prices on each finishing level.
How the MREIF Mortgage works on Giddaa
Step 1
Choose a house available on the Giddaa platform under the MREIF plan that meets your needs.
Performed by You with support from Giddaa
Step 2
Submit your documents to Giddaa for prequalification to confirm your eligibility for the MREIF loan.
Performed by You
Step 3
If you pass prequalification, Giddaa forwards your application to a financial institution, which processes the loan and secures approval from the Ministry of Finance Incorporated (MOFI) before disbursing funds to the developer.
Performed by Giddaa
Step 4
You receive your keys, move in, and start repaying monthly through the Giddaa platform with full tracking, reminders, and a wallet for easy payments.
Performed by You
Your affordability for the MREIF Mortgage
We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.
The documents you need to submit when applying for MREIF Mortgage
Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.