Month 1
October 22nd, 2026
- Principal payment
- Interest payment
- Monthly repayment
- Remaining balance
Purchase option for 3 BEDROOM APARTMENT (OFF PLAN) 3 Bedroom Apartment in Karmo, Abuja
Important details about the 12 Month Payment Plan
Repayment Schedule for the payment of 12 Month Payment Plan
October 22nd, 2026
November 22nd, 2026
December 22nd, 2026
January 22nd, 2027
February 22nd, 2027
March 22nd, 2027
April 22nd, 2027
May 22nd, 2027
June 22nd, 2027
July 22nd, 2027
August 22nd, 2027
September 22nd, 2027
| S/N | Month | Monthly Principal Payment | Monthly Interest Payment | Monthly Repayment | Remaining Balance |
|---|---|---|---|---|---|
| 1 | October 22nd, 2026 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦62,333,333.33 |
| 2 | November 22nd, 2026 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦56,666,666.67 |
| 3 | December 22nd, 2026 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦51,000,000 |
| 4 | January 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦45,333,333.33 |
| 5 | February 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦39,666,666.67 |
| 6 | March 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦34,000,000 |
| 7 | April 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦28,333,333.33 |
| 8 | May 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦22,666,666.67 |
| 9 | June 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦17,000,000 |
| 10 | July 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦11,333,333.33 |
| 11 | August 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦5,666,666.67 |
| 12 | September 22nd, 2027 | ₦5,666,666.67 | ₦0 | ₦5,666,666.67 | ₦-0 |
These are the different levels of finishing which the 3 BEDROOM APARTMENT (OFF PLAN) can be purchased using the 12 Month Payment Plan and the various prices on each finishing level.
How the 12 Month Payment Plan works on Giddaa
Step 1
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
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
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
Once all payments are completed and the house is fully built, you receive your keys and move into your home.
Performed by You
Policies for the purchase of 12 Month Payment Plan
Default on each payment tranche due shall attract a 10% interest monthly and shall be calculated in compounding rate for the defaulting period. 3 months consecutive default in payment tranches shall amount to cancellation of subscription and refund of total amount paid thus far. Refund shall be made less 20% for administrative charges However, the refund shall only be made after the housing unit is resold to a new buyer.
Default Fee - In the event of a default (Payment after due date plus the grace period, if any), the seller would charge an additional ₦566,666.67, representing 10% extra to the required monthly payment.
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.
The seller provides a grace period of 10 daysbefore charging a default fee of ₦566,666.67. The default amount will be added to the monthly payments for that month.
Your affordability for the 12 Month Payment Plan
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 12 Month Payment Plan
This plan does not require any documents.