12.00% per annum
Interest Rate
MOFI-Real Estate Investment Fund
Payment Plan 3 Bedroom Detached Bungalow in Karu, Nasarawa
Details
Important details about the MOFI-Real Estate Investment Fund
1
Finishing Level
Monthly Payment
20%
Minimum Down Payment
20 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 3 Bedroom Detached Bungalowcan be purchased using the MOFI-Real Estate Investment Fund 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 MOFI-Real Estate Investment Fund works on Gidda
1
Find Home
Choose a house available on the Giddaa platform under the MREIF plan that meets your needs.
Performed by You with support from Giddaa
2
Submit Documents
Submit your documents to Giddaa for prequalification to confirm your eligibility for the MREIF loan.
Performed by You
3
Loan Processing
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
4
Get Keys, Repay
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 Affordabilty
Your affordability for the MOFI-Real Estate Investment Fund
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 MOFI-Real Estate Investment Fund
Required
Bank statement
Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.
Who Can Apply
The kinds of people that can apply for MOFI-Real Estate Investment Fund
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 MOFI-Real Estate Investment Fund
Total Payable
Total Interest
Total Principal
Monthly Payment
0 months
Payment Period
| S/N | Month | Monthly Payment | Interest | Principal | Balance | |
|---|---|---|---|---|---|---|