Rent financing, explained without the jargon

If you are renting

1. 1

   Create your account

   Sign up with your name, phone number and email. Choose whether you are renting, listing, or acting as an agent.

2. 2

   Complete verification

   Submit your NIN and BVN, take a selfie for face match, add your employment details and upload six months of bank statements. Your documents are stored privately.

3. 3

   Get your affordability decision

   We assess your income, stability and payment history. Salary earners qualify when the repayment is at most 40% of net monthly income; self-employed applicants need inflow of 2.5× the repayment.

4. 4

   Pick a home and apply

   Apply to any financing-eligible listing. You can apply alone or open a Joint Rent Account with a partner or flatmate and combine incomes.

5. 5

   Landlord approves, lease is signed

   The landlord reviews your verification summary and approves. Both parties sign the lease digitally inside MYRENTA.

6. 6

   We settle the landlord

   Once your lease is signed by both sides, MYRENTA pays your landlord the annual rent.

7. 7

   Repay monthly

   Twelve fixed installments by card or transfer, with autopay, reminders and downloadable receipts. Stay current and your rent certificate stays active.

If you are a landlord or agent

1. 1

   Verify your identity and ownership

   Government ID, selfie, BVN or NIN and proof of ownership such as a C of O, deed or utility bill.

2. 2

   List your property

   Add photos, amenities, rent and location. Listings that pass ownership checks show a verified badge.

3. 3

   Review applications

   Each applicant arrives with a verification summary and a risk score. Approve or decline in one click.

4. 4

   Get paid upfront

   Once the lease is signed and move-in confirmed, the full annual rent is released to your payout account.