Month 1
November 1st, 2026
- Principal payment
- Interest payment
- Monthly repayment
- Remaining balance
Purchase option for 2 Bedroom Apartment 2 Bedroom Apartment in Ajah, Lagos
Important details about the MREIF Mortgage
Repayment Schedule for the payment of MREIF Mortgage
November 1st, 2026
December 1st, 2026
January 1st, 2027
February 1st, 2027
March 1st, 2027
April 1st, 2027
May 1st, 2027
June 1st, 2027
July 1st, 2027
August 1st, 2027
September 1st, 2027
October 1st, 2027
| S/N | Month | Monthly Principal Payment | Monthly Interest Payment | Monthly Repayment | Remaining Balance |
|---|---|---|---|---|---|
| 1 | November 1st, 2026 | ₦345,000 | ₦672,750 | ₦1,017,750 | ₦82,455,000 |
| 2 | December 1st, 2026 | ₦345,000 | ₦669,946.88 | ₦1,014,946.88 | ₦82,110,000 |
| 3 | January 1st, 2027 | ₦345,000 | ₦667,143.75 | ₦1,012,143.75 | ₦81,765,000 |
| 4 | February 1st, 2027 | ₦345,000 | ₦664,340.63 | ₦1,009,340.63 | ₦81,420,000 |
| 5 | March 1st, 2027 | ₦345,000 | ₦661,537.50 | ₦1,006,537.50 | ₦81,075,000 |
| 6 | April 1st, 2027 | ₦345,000 | ₦658,734.38 | ₦1,003,734.38 | ₦80,730,000 |
| 7 | May 1st, 2027 | ₦345,000 | ₦655,931.25 | ₦1,000,931.25 | ₦80,385,000 |
| 8 | June 1st, 2027 | ₦345,000 | ₦653,128.13 | ₦998,128.13 | ₦80,040,000 |
| 9 | July 1st, 2027 | ₦345,000 | ₦650,325 | ₦995,325 | ₦79,695,000 |
| 10 | August 1st, 2027 | ₦345,000 | ₦647,521.88 | ₦992,521.88 | ₦79,350,000 |
| 11 | September 1st, 2027 | ₦345,000 | ₦644,718.75 | ₦989,718.75 | ₦79,005,000 |
| 12 | October 1st, 2027 | ₦345,000 | ₦641,915.63 | ₦986,915.63 | ₦78,660,000 |
| 13 | November 1st, 2027 | ₦345,000 | ₦639,112.50 | ₦984,112.50 | ₦78,315,000 |
| 14 | December 1st, 2027 | ₦345,000 | ₦636,309.38 | ₦981,309.38 | ₦77,970,000 |
| 15 | January 1st, 2028 | ₦345,000 | ₦633,506.25 | ₦978,506.25 | ₦77,625,000 |
| 16 | February 1st, 2028 | ₦345,000 | ₦630,703.13 | ₦975,703.13 | ₦77,280,000 |
| 17 | March 1st, 2028 | ₦345,000 | ₦627,900 | ₦972,900 | ₦76,935,000 |
| 18 | April 1st, 2028 | ₦345,000 | ₦625,096.88 | ₦970,096.88 | ₦76,590,000 |
| 19 | May 1st, 2028 | ₦345,000 | ₦622,293.75 | ₦967,293.75 | ₦76,245,000 |
| 20 | June 1st, 2028 | ₦345,000 | ₦619,490.63 | ₦964,490.63 | ₦75,900,000 |
| 21 | July 1st, 2028 | ₦345,000 | ₦616,687.50 | ₦961,687.50 | ₦75,555,000 |
| 22 | August 1st, 2028 | ₦345,000 | ₦613,884.38 | ₦958,884.38 | ₦75,210,000 |
| 23 | September 1st, 2028 | ₦345,000 | ₦611,081.25 | ₦956,081.25 | ₦74,865,000 |
| 24 | October 1st, 2028 | ₦345,000 | ₦608,278.13 | ₦953,278.13 | ₦74,520,000 |
These are the different levels of finishing which the 2 Bedroom Apartment can be purchased using the MREIF Mortgage and the various prices on each finishing level.
How the MREIF Mortgage works on Giddaa
Step 1
Choose a house available on the Giddaa platform under the MREIF plan that meets your needs.
Performed by You with support from Giddaa
Step 2
Submit your documents to Giddaa for prequalification to confirm your eligibility for the MREIF loan.
Performed by You
Step 3
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
Step 4
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 affordability for the MREIF Mortgage
We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.
The documents you need to submit when applying for MREIF Mortgage
This plan does not require any documents.