Pricing
One fee. Twelve payments. No surprises.
MYRENTA charges a flat 25% service fee on your annual rent. It is added once, split across twelve months, and never changes.
₦5,000,000
- Annual rent paid to landlord
- ₦5,000,000
- MYRENTA service fee (25%)
- ₦1,250,000
- Total repayable over 12 months
- ₦6,250,000
Your monthly repayment
₦520,833
for 12 months, fixed
Affordability guide
Salary earners typically qualify with net monthly income from ₦1,302,083. Self-employed applicants need average monthly inflow of at least 2.5× the repayment.
Indicative only. Final offers depend on KYC, affordability and credit checks.
What the fee covers
- Full annual rent paid to your landlord upfront
- Identity and income verification
- Digital lease and signatures
- Rent certificate with public verification
- Autopay, reminders and receipts
- Maintenance requests and in-app support
What it does not cover
- Agency or caution fees charged by the landlord
- Service charges on the property
- Late fees if you miss the 5-day grace period
Late payments
Every installment has a 5-day grace period. After that a 2% late fee is applied to the outstanding amount. Two missed payments flag your account as at risk; three place it in default, which suspends your rent certificate. We would rather talk than penalise — reach out before a due date and we will look at your options.