Month 1
September 18th, 2026
- Principal payment
- Interest payment
- Monthly repayment
- Remaining balance
Purchase option for Solomon Palace 5 Bedroom Duplex in Asokoro, Abuja
Important details about the MORFI Real Estate Investment Fund (MREIF) Plan
Repayment Schedule for the payment of MORFI Real Estate Investment Fund (MREIF) Plan
September 18th, 2026
October 18th, 2026
November 18th, 2026
December 18th, 2026
January 18th, 2027
February 18th, 2027
March 18th, 2027
April 18th, 2027
May 18th, 2027
June 18th, 2027
July 18th, 2027
August 18th, 2027
| S/N | Month | Monthly Principal Payment | Monthly Interest Payment | Monthly Repayment | Remaining Balance |
|---|---|---|---|---|---|
| 1 | September 18th, 2026 | ₦4,800,000 | ₦780,000 | ₦5,580,000 | ₦91,200,000 |
| 2 | October 18th, 2026 | ₦4,800,000 | ₦741,000 | ₦5,541,000 | ₦86,400,000 |
| 3 | November 18th, 2026 | ₦4,800,000 | ₦702,000 | ₦5,502,000 | ₦81,600,000 |
| 4 | December 18th, 2026 | ₦4,800,000 | ₦663,000 | ₦5,463,000 | ₦76,800,000 |
| 5 | January 18th, 2027 | ₦4,800,000 | ₦624,000 | ₦5,424,000 | ₦72,000,000 |
| 6 | February 18th, 2027 | ₦4,800,000 | ₦585,000 | ₦5,385,000 | ₦67,200,000 |
| 7 | March 18th, 2027 | ₦4,800,000 | ₦546,000 | ₦5,346,000 | ₦62,400,000 |
| 8 | April 18th, 2027 | ₦4,800,000 | ₦507,000 | ₦5,307,000 | ₦57,600,000 |
| 9 | May 18th, 2027 | ₦4,800,000 | ₦468,000 | ₦5,268,000 | ₦52,800,000 |
| 10 | June 18th, 2027 | ₦4,800,000 | ₦429,000 | ₦5,229,000 | ₦48,000,000 |
| 11 | July 18th, 2027 | ₦4,800,000 | ₦390,000 | ₦5,190,000 | ₦43,200,000 |
| 12 | August 18th, 2027 | ₦4,800,000 | ₦351,000 | ₦5,151,000 | ₦38,400,000 |
| 13 | September 18th, 2027 | ₦4,800,000 | ₦312,000 | ₦5,112,000 | ₦33,600,000 |
| 14 | October 18th, 2027 | ₦4,800,000 | ₦273,000 | ₦5,073,000 | ₦28,800,000 |
| 15 | November 18th, 2027 | ₦4,800,000 | ₦234,000 | ₦5,034,000 | ₦24,000,000 |
| 16 | December 18th, 2027 | ₦4,800,000 | ₦195,000 | ₦4,995,000 | ₦19,200,000 |
| 17 | January 18th, 2028 | ₦4,800,000 | ₦156,000 | ₦4,956,000 | ₦14,400,000 |
| 18 | February 18th, 2028 | ₦4,800,000 | ₦117,000 | ₦4,917,000 | ₦9,600,000 |
| 19 | March 18th, 2028 | ₦4,800,000 | ₦78,000 | ₦4,878,000 | ₦4,800,000 |
| 20 | April 18th, 2028 | ₦4,800,000 | ₦39,000 | ₦4,839,000 | ₦0 |
These are the different levels of finishing which the Solomon Palace can be purchased using the MORFI Real Estate Investment Fund (MREIF) Plan and the various prices on each finishing level.
Testing Testing Semi Finishedsss
How the MORFI Real Estate Investment Fund (MREIF) Plan 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 MORFI Real Estate Investment Fund (MREIF) 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 MORFI Real Estate Investment Fund (MREIF) Plan
Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.
Account Opening Form is the form for you.