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Personalised signals to help you decide whether this home is right for you.
Per Month
9.75%
Interest Rate
Fully Completed (Not Furnished)
Finishing Level
₦6,000,001
Finishing Level Price
20% (₦1,200,000.20)
Minimum Initial Deposit
₦100,000,000
Max Loan Amount
20 years
Max Payment Period
Per Month
6%
Interest Rate
Semi Finished
Finishing Level
₦50,000,000
Finishing Level Price
10% (₦5,000,000)
Minimum Initial Deposit
₦50,000,000
Max Loan Amount
30 years
Max Payment Period
Everything it takes to close on this house with the Fully Completed (Not Furnished) · MORFI Real Estate Investment Fund (MREIF) Plan. It covers who you pay, whether it is required, and what it adds up to. You can switch the purchase option to view the transaction costs on other options.
Estimated total closing costs for the Fully Completed (Not Furnished) · MORFI Real Estate Investment Fund (MREIF) Plan
₦1,125,200 - ₦1,199,600
18.8% - 20.0% of the ₦6,000,001 house price, on top of your initial deposit. Ranges show where a fee varies by bank, lawyer or seller.
Paid to Bank
₦885,200 - ₦959,600
7 fees · 14.8% - 16.0%
Paid to Brokerage
₦240,000
1 fee · 4.0%
Account Maintenance
RequiredAccount Maintenance of the account
₦50,000
Fixed
Advisory Fee
RequiredAdvisory Fee for which loan to take
₦24,000 - ₦48,000
0.5% - 1% of loan amount
Processing Fee
RequiredProcessing Fee for processing the house
₦240,000
4% of house price
Legal Search
RequiredLegal Search
₦24,000 - ₦60,000
Varies
Credit Search
RequiredCredit Search
₦19,200 - ₦33,600
0.4% - 0.7% of loan amount
Management Fee
RequiredManagement Fee
₦48,000
1% of loan amount
Land Registry Assessment and Registration
RequiredLand Registry Assessment And Registration
₦480,000
8% of house price
Subtotal — BankSubtotal, paid to bank₦885,200 - ₦959,600
Giddaa Professional Fee
RequiredGiddaa Professional Fee
₦240,000
4% of house price
Subtotal — BrokerageSubtotal, paid to brokerage₦240,000
₦1,125,200 - ₦1,199,600
Excludes your initial deposit of ₦1,200,000 and your monthly repayments.
18.8% - 20.0% of the house price
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
Below are the different levels of finishing this property can be bought at. The same level can be priced differently depending on how you pay, so pick a purchase option to compare like for like.
Below are the property documents associated with this property.
The land title document attached to this house is a Governor Constent. It proves ownership of the land the property is built on.
The recorded price history for this property.
