Rent To Own Plan

Purchase option for 3 Bedroom Flat 3 Bedroom Flat 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: ₦244,831.32
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: ₦77.28M
Total Principal: ₦0
Total Payable (total principal payment + total interest payment): ₦77.28M
Monthly Payment: ₦214.67K
Payment Period: 30 years360 months

Month 1

October 14th, 2026

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 2

November 14th, 2026

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 3

December 14th, 2026

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 4

January 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 5

February 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 6

March 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 7

April 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 8

May 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 9

June 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 10

July 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 11

August 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 12

September 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	October 14th, 2026	₦0	₦214,666.67	₦214,666.67	₦36,800,000
2	November 14th, 2026	₦0	₦214,666.67	₦214,666.67	₦36,800,000
3	December 14th, 2026	₦0	₦214,666.67	₦214,666.67	₦36,800,000
4	January 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
5	February 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
6	March 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
7	April 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
8	May 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
9	June 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
10	July 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
11	August 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
12	September 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
13	October 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
14	November 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
15	December 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
16	January 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
17	February 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
18	March 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
19	April 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
20	May 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
21	June 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
22	July 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
23	August 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
24	September 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000

Finishing Levels

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

Fully Completed (Not Furnished)

A fully finished house is a move-in-ready property where both the exterior and interior are completely done. The outside is fully painted with all doors, windows, and roofing in place. Inside, the walls are painted, ceilings are finished, floors are tiled, and all electrical sockets, light fixtures, and switches are installed. The bathrooms come with toilets, sinks, showers or bathtubs. It’s perfect for buyers who want a home that’s ready to live in without any extra work or finishing costs.

Price: ₦46,000,000
Minimum Initial Deposit: 20% (₦9,200,000)
Monthly Payment: ₦244,831.32
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

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 Flat in Kuje Abuja with the Rent To Own Plan. | Giddaa

Rent To Own Plan

Purchase option for 3 Bedroom Flat 3 Bedroom Flat in Kuje, Abuja

Details

Important details about the Rent To Own Plan

Interest Rate: 7.00% per annum
Finishing Levels: 1
Monthly Payment: ₦244,831.32
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: ₦77.28M
Total Principal: ₦0
Total Payable (total principal payment + total interest payment): ₦77.28M
Monthly Payment: ₦214.67K
Payment Period: 30 years360 months

Month 1

October 14th, 2026

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 2

November 14th, 2026

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 3

December 14th, 2026

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 4

January 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 5

February 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 6

March 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 7

April 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 8

May 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 9

June 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 10

July 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 11

August 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

Month 12

September 14th, 2027

Principal payment: ₦0
Interest payment: ₦214,666.67
Monthly repayment: ₦214,666.67
Remaining balance: ₦36,800,000

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	October 14th, 2026	₦0	₦214,666.67	₦214,666.67	₦36,800,000
2	November 14th, 2026	₦0	₦214,666.67	₦214,666.67	₦36,800,000
3	December 14th, 2026	₦0	₦214,666.67	₦214,666.67	₦36,800,000
4	January 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
5	February 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
6	March 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
7	April 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
8	May 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
9	June 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
10	July 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
11	August 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
12	September 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
13	October 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
14	November 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
15	December 14th, 2027	₦0	₦214,666.67	₦214,666.67	₦36,800,000
16	January 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
17	February 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
18	March 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
19	April 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
20	May 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
21	June 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
22	July 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
23	August 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000
24	September 14th, 2028	₦0	₦214,666.67	₦214,666.67	₦36,800,000

Finishing Levels

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

Fully Completed (Not Furnished)

Price: ₦46,000,000
Minimum Initial Deposit: 20% (₦9,200,000)
Monthly Payment: ₦244,831.32
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

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

Fully Completed (Not Furnished)

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

Fully Completed (Not Furnished)

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