In Lagos, Abuja and Port Harcourt it is common for landlords to ask for one or two years of rent at once. Monthly rent financing lets you move in while spreading that cost across the year.
How it works on MYRENTA
You apply for a listed home. If you're approved, the landlord signs a lease with you on MYRENTA and you pay the rent in 12 monthly instalments.
What it costs
Your monthly repayment is the annual rent plus a 25% service fee, divided by 12. The pricing calculator shows the exact figure for any rent before you apply.
Late payments
There is a 5-day grace period after each due date. After that, a 2% late fee applies, and you'll get reminders before and after each due date.