Renewed Hope Ctiies
Issuer
Rent To Own
Payment Plan 2 Bedroom Apartment in Karsana, Abuja
Details
Important details about the Rent To Own
7.00% per annum
Interest Rate
1
Finishing Level
Monthly Payment
20%
Minimum Down Payment
30 years
Payment Period
Maximum Loan Amount
Legal, Insurance, Professional Fees.
Closing Costs
Yes
Joint applications and co-owners allowed?
Finishing Levels
These are the different levels of finishing which the 2 Bedroom Apartmentcan be purchased using the Rent To Own and the various prices on each finishing level.
Semi Finished
House Price
Down Payment
monthly payment
Description
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.
Outside
Inside
How it works
How the Rent To Own works on Gidda
Start Contributing
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
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
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)
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 Affordabilty
Your affordability for the Rent To Own
You need to login to see your affordability
You need to login to see your affordability on this plan. You can login using your Google account or with your email.
Application Documents
The documents you need to submit when applying for Rent To Own
No documents found
This plan does not require any documents.
Who Can Apply
The kinds of people that can apply for Rent To Own
individuals
These are people applying by themselves, without a co-applicant.
The following Individuals can apply through this payment option
- Government Workers (In Nigeria)
- Private Workers (In Nigeria)
- Self Employed (In Nigeria)
- Government Workers (In Diaspora)
- Private Workers (In Diaspora)
- Self Employed (In Diaspora)
Repayment Schedule
Repayment Schedule for the payment of Rent To Own
Total Payable
Total Interest
Total Principal
Monthly Payment
0 months
Payment Period
| S/N | Month | Monthly Payment | Interest | Principal | Balance | |
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