Rent To Own Plan

Purchase option for 3 Bedroom Apartment 3 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 Plan

Interest Rate: 7.00% per annum
Finishing Levels: 1
Monthly Payment: ₦256,141.46
Minimum Down Payment: 30%
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 Plan

Total Interest: ₦2.72M
Total Principal: ₦48.99M
Total Payable (total principal payment + total interest payment): ₦51.71M
Monthly Payment: ₦1.72M
Payment Period: 2 years and 6 months30 months

Month 1

September 21st, 2026

Principal payment: ₦1,499,160.96
Interest payment: ₦224,583.33
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦37,000,839.04

Month 2

October 21st, 2026

Principal payment: ₦1,507,906.07
Interest payment: ₦215,838.23
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦35,492,932.97

Month 3

November 21st, 2026

Principal payment: ₦1,516,702.19
Interest payment: ₦207,042.11
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦33,976,230.78

Month 4

December 21st, 2026

Principal payment: ₦1,525,549.62
Interest payment: ₦198,194.68
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦32,450,681.17

Month 5

January 21st, 2027

Principal payment: ₦1,534,448.66
Interest payment: ₦189,295.64
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦30,916,232.51

Month 6

February 21st, 2027

Principal payment: ₦1,543,399.61
Interest payment: ₦180,344.69
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦29,372,832.91

Month 7

March 21st, 2027

Principal payment: ₦1,552,402.77
Interest payment: ₦171,341.53
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦27,820,430.14

Month 8

April 21st, 2027

Principal payment: ₦1,561,458.45
Interest payment: ₦162,285.84
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦26,258,971.68

Month 9

May 21st, 2027

Principal payment: ₦1,570,566.96
Interest payment: ₦153,177.33
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦24,688,404.72

Month 10

June 21st, 2027

Principal payment: ₦1,579,728.60
Interest payment: ₦144,015.69
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦23,108,676.12

Month 11

July 21st, 2027

Principal payment: ₦1,588,943.68
Interest payment: ₦134,800.61
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦21,519,732.44

Month 12

August 21st, 2027

Principal payment: ₦1,598,212.52
Interest payment: ₦125,531.77
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦19,921,519.91

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	September 21st, 2026	₦1,499,160.96	₦224,583.33	₦1,723,744.30	₦37,000,839.04
2	October 21st, 2026	₦1,507,906.07	₦215,838.23	₦1,723,744.30	₦35,492,932.97
3	November 21st, 2026	₦1,516,702.19	₦207,042.11	₦1,723,744.30	₦33,976,230.78
4	December 21st, 2026	₦1,525,549.62	₦198,194.68	₦1,723,744.30	₦32,450,681.17
5	January 21st, 2027	₦1,534,448.66	₦189,295.64	₦1,723,744.30	₦30,916,232.51
6	February 21st, 2027	₦1,543,399.61	₦180,344.69	₦1,723,744.30	₦29,372,832.91
7	March 21st, 2027	₦1,552,402.77	₦171,341.53	₦1,723,744.30	₦27,820,430.14
8	April 21st, 2027	₦1,561,458.45	₦162,285.84	₦1,723,744.30	₦26,258,971.68
9	May 21st, 2027	₦1,570,566.96	₦153,177.33	₦1,723,744.30	₦24,688,404.72
10	June 21st, 2027	₦1,579,728.60	₦144,015.69	₦1,723,744.30	₦23,108,676.12
11	July 21st, 2027	₦1,588,943.68	₦134,800.61	₦1,723,744.30	₦21,519,732.44
12	August 21st, 2027	₦1,598,212.52	₦125,531.77	₦1,723,744.30	₦19,921,519.91
13	September 21st, 2027	₦1,607,535.43	₦116,208.87	₦1,723,744.30	₦18,313,984.48
14	October 21st, 2027	₦1,616,912.72	₦106,831.58	₦1,723,744.30	₦16,697,071.77
15	November 21st, 2027	₦1,626,344.71	₦97,399.59	₦1,723,744.30	₦15,070,727.06
16	December 21st, 2027	₦1,635,831.72	₦87,912.57	₦1,723,744.30	₦13,434,895.33
17	January 21st, 2028	₦1,645,374.07	₦78,370.22	₦1,723,744.30	₦11,789,521.26
18	February 21st, 2028	₦1,654,972.09	₦68,772.21	₦1,723,744.30	₦10,134,549.17
19	March 21st, 2028	₦1,664,626.09	₦59,118.20	₦1,723,744.30	₦8,469,923.08
20	April 21st, 2028	₦1,674,336.41	₦49,407.88	₦1,723,744.30	₦6,795,586.67
21	May 21st, 2028	₦1,684,103.37	₦39,640.92	₦1,723,744.30	₦5,111,483.30
22	June 21st, 2028	₦1,693,927.31	₦29,816.99	₦1,723,744.30	₦3,417,555.99
23	July 21st, 2028	₦1,703,808.55	₦19,935.74	₦1,723,744.30	₦1,713,747.44
24	August 21st, 2028	₦1,713,747.44	₦9,996.86	₦1,723,744.30	₦0

Finishing Levels

These are the different levels of finishing which the 3 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: ₦55,000,000
Minimum Initial Deposit: 30% (₦16,500,000)
Monthly Payment: ₦256,141.46
Payment Period: 2 years and 6 months

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

Required

Bank statement

Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.

Buy the 3 Bed Apartment in Karsana Abuja with the Rent To Own Plan. | Giddaa

Rent To Own Plan

Purchase option for 3 Bedroom Apartment 3 Bedroom Apartment in Karsana, Abuja

Details

Important details about the Rent To Own Plan

Interest Rate: 7.00% per annum
Finishing Levels: 1
Monthly Payment: ₦256,141.46
Minimum Down Payment: 30%
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 Plan

Total Interest: ₦2.72M
Total Principal: ₦48.99M
Total Payable (total principal payment + total interest payment): ₦51.71M
Monthly Payment: ₦1.72M
Payment Period: 2 years and 6 months30 months

Month 1

September 21st, 2026

Principal payment: ₦1,499,160.96
Interest payment: ₦224,583.33
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦37,000,839.04

Month 2

October 21st, 2026

Principal payment: ₦1,507,906.07
Interest payment: ₦215,838.23
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦35,492,932.97

Month 3

November 21st, 2026

Principal payment: ₦1,516,702.19
Interest payment: ₦207,042.11
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦33,976,230.78

Month 4

December 21st, 2026

Principal payment: ₦1,525,549.62
Interest payment: ₦198,194.68
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦32,450,681.17

Month 5

January 21st, 2027

Principal payment: ₦1,534,448.66
Interest payment: ₦189,295.64
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦30,916,232.51

Month 6

February 21st, 2027

Principal payment: ₦1,543,399.61
Interest payment: ₦180,344.69
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦29,372,832.91

Month 7

March 21st, 2027

Principal payment: ₦1,552,402.77
Interest payment: ₦171,341.53
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦27,820,430.14

Month 8

April 21st, 2027

Principal payment: ₦1,561,458.45
Interest payment: ₦162,285.84
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦26,258,971.68

Month 9

May 21st, 2027

Principal payment: ₦1,570,566.96
Interest payment: ₦153,177.33
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦24,688,404.72

Month 10

June 21st, 2027

Principal payment: ₦1,579,728.60
Interest payment: ₦144,015.69
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦23,108,676.12

Month 11

July 21st, 2027

Principal payment: ₦1,588,943.68
Interest payment: ₦134,800.61
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦21,519,732.44

Month 12

August 21st, 2027

Principal payment: ₦1,598,212.52
Interest payment: ₦125,531.77
Monthly repayment: ₦1,723,744.30
Remaining balance: ₦19,921,519.91

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	September 21st, 2026	₦1,499,160.96	₦224,583.33	₦1,723,744.30	₦37,000,839.04
2	October 21st, 2026	₦1,507,906.07	₦215,838.23	₦1,723,744.30	₦35,492,932.97
3	November 21st, 2026	₦1,516,702.19	₦207,042.11	₦1,723,744.30	₦33,976,230.78
4	December 21st, 2026	₦1,525,549.62	₦198,194.68	₦1,723,744.30	₦32,450,681.17
5	January 21st, 2027	₦1,534,448.66	₦189,295.64	₦1,723,744.30	₦30,916,232.51
6	February 21st, 2027	₦1,543,399.61	₦180,344.69	₦1,723,744.30	₦29,372,832.91
7	March 21st, 2027	₦1,552,402.77	₦171,341.53	₦1,723,744.30	₦27,820,430.14
8	April 21st, 2027	₦1,561,458.45	₦162,285.84	₦1,723,744.30	₦26,258,971.68
9	May 21st, 2027	₦1,570,566.96	₦153,177.33	₦1,723,744.30	₦24,688,404.72
10	June 21st, 2027	₦1,579,728.60	₦144,015.69	₦1,723,744.30	₦23,108,676.12
11	July 21st, 2027	₦1,588,943.68	₦134,800.61	₦1,723,744.30	₦21,519,732.44
12	August 21st, 2027	₦1,598,212.52	₦125,531.77	₦1,723,744.30	₦19,921,519.91
13	September 21st, 2027	₦1,607,535.43	₦116,208.87	₦1,723,744.30	₦18,313,984.48
14	October 21st, 2027	₦1,616,912.72	₦106,831.58	₦1,723,744.30	₦16,697,071.77
15	November 21st, 2027	₦1,626,344.71	₦97,399.59	₦1,723,744.30	₦15,070,727.06
16	December 21st, 2027	₦1,635,831.72	₦87,912.57	₦1,723,744.30	₦13,434,895.33
17	January 21st, 2028	₦1,645,374.07	₦78,370.22	₦1,723,744.30	₦11,789,521.26
18	February 21st, 2028	₦1,654,972.09	₦68,772.21	₦1,723,744.30	₦10,134,549.17
19	March 21st, 2028	₦1,664,626.09	₦59,118.20	₦1,723,744.30	₦8,469,923.08
20	April 21st, 2028	₦1,674,336.41	₦49,407.88	₦1,723,744.30	₦6,795,586.67
21	May 21st, 2028	₦1,684,103.37	₦39,640.92	₦1,723,744.30	₦5,111,483.30
22	June 21st, 2028	₦1,693,927.31	₦29,816.99	₦1,723,744.30	₦3,417,555.99
23	July 21st, 2028	₦1,703,808.55	₦19,935.74	₦1,723,744.30	₦1,713,747.44
24	August 21st, 2028	₦1,713,747.44	₦9,996.86	₦1,723,744.30	₦0

Finishing Levels

These are the different levels of finishing which the 3 Bedroom Apartment can be purchased using the Rent To Own Plan and the various prices on each finishing level.

Semi Finished

Price: ₦55,000,000
Minimum Initial Deposit: 30% (₦16,500,000)
Monthly Payment: ₦256,141.46
Payment Period: 2 years and 6 months

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

Required

Bank statement

Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.

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

Bank statement

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

Bank statement