Month 1
November 1st, 2026
- Principal payment
- Interest payment
- Monthly repayment
- Remaining balance
Purchase option for 4 Bedroom Terrace+ BQ 4 Bedroom Terrace in Kano Municipal, Kano
Important details about the Rent To Own Plan
Repayment Schedule for the payment of Rent To Own Plan
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 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 2 | December 1st, 2026 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 3 | January 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 4 | February 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 5 | March 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 6 | April 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 7 | May 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 8 | June 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 9 | July 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 10 | August 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 11 | September 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 12 | October 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 13 | November 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 14 | December 1st, 2027 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 15 | January 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 16 | February 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 17 | March 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 18 | April 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 19 | May 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 20 | June 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 21 | July 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 22 | August 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 23 | September 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
| 24 | October 1st, 2028 | ₦0 | ₦291,666.67 | ₦291,666.67 | ₦50,000,000 |
These are the different levels of finishing which the 4 Bedroom Terrace+ BQ can be purchased using the Rent To Own Plan and the various prices on each finishing level.
How the Rent To Own Plan works on Giddaa
Step 1
Register as an NHF contributor and make monthly contributions through the FMBN Internet Banking portal.
Performed by You
Step 2
After 6 months of contributions (for new contributors), choose a home available on Giddaa under the Rent-to-Own plan, inspect it, and apply by submitting your documents for prequalification.
Performed by You with support from Giddaa
Step 3
Your application is submitted directly to the FMBN Zonal Office for document checks, processing, and approval.
Performed by Federal Mortgage Bank of Nigeria (FMBN)
Step 4
If approved, FMBN issues an offer letter, and once you accept, you move into the home and start your Rent-to-Own journey.
Performed by You
Your affordability for the Rent To Own Plan
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 Rent To Own Plan
Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.