Month 1
September 18th, 2026
- Principal payment
- Interest payment
- Monthly repayment
- Remaining balance
Purchase option for Wisdom test 3 30 Bedroom Detached Bungalow in Grie, Adamawa
Important details about the Rent To Own Plan
Repayment Schedule for the payment of Rent To Own 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 | ₦700,906.42 | ₦105,000 | ₦805,906.42 | ₦17,299,093.58 |
| 2 | October 18th, 2026 | ₦704,995.04 | ₦100,911.38 | ₦805,906.42 | ₦16,594,098.53 |
| 3 | November 18th, 2026 | ₦709,107.52 | ₦96,798.91 | ₦805,906.42 | ₦15,884,991.02 |
| 4 | December 18th, 2026 | ₦713,243.98 | ₦92,662.45 | ₦805,906.42 | ₦15,171,747.04 |
| 5 | January 18th, 2027 | ₦717,404.57 | ₦88,501.86 | ₦805,906.42 | ₦14,454,342.47 |
| 6 | February 18th, 2027 | ₦721,589.43 | ₦84,317 | ₦805,906.42 | ₦13,732,753.05 |
| 7 | March 18th, 2027 | ₦725,798.70 | ₦80,107.73 | ₦805,906.42 | ₦13,006,954.35 |
| 8 | April 18th, 2027 | ₦730,032.52 | ₦75,873.90 | ₦805,906.42 | ₦12,276,921.83 |
| 9 | May 18th, 2027 | ₦734,291.05 | ₦71,615.38 | ₦805,906.42 | ₦11,542,630.78 |
| 10 | June 18th, 2027 | ₦738,574.41 | ₦67,332.01 | ₦805,906.42 | ₦10,804,056.37 |
| 11 | July 18th, 2027 | ₦742,882.76 | ₦63,023.66 | ₦805,906.42 | ₦10,061,173.61 |
| 12 | August 18th, 2027 | ₦747,216.24 | ₦58,690.18 | ₦805,906.42 | ₦9,313,957.36 |
| 13 | September 18th, 2027 | ₦751,575.01 | ₦54,331.42 | ₦805,906.42 | ₦8,562,382.36 |
| 14 | October 18th, 2027 | ₦755,959.19 | ₦49,947.23 | ₦805,906.42 | ₦7,806,423.16 |
| 15 | November 18th, 2027 | ₦760,368.96 | ₦45,537.47 | ₦805,906.42 | ₦7,046,054.21 |
| 16 | December 18th, 2027 | ₦764,804.44 | ₦41,101.98 | ₦805,906.42 | ₦6,281,249.77 |
| 17 | January 18th, 2028 | ₦769,265.80 | ₦36,640.62 | ₦805,906.42 | ₦5,511,983.97 |
| 18 | February 18th, 2028 | ₦773,753.18 | ₦32,153.24 | ₦805,906.42 | ₦4,738,230.78 |
| 19 | March 18th, 2028 | ₦778,266.74 | ₦27,639.68 | ₦805,906.42 | ₦3,959,964.04 |
| 20 | April 18th, 2028 | ₦782,806.63 | ₦23,099.79 | ₦805,906.42 | ₦3,177,157.40 |
| 21 | May 18th, 2028 | ₦787,373.01 | ₦18,533.42 | ₦805,906.42 | ₦2,389,784.40 |
| 22 | June 18th, 2028 | ₦791,966.01 | ₦13,940.41 | ₦805,906.42 | ₦1,597,818.38 |
| 23 | July 18th, 2028 | ₦796,585.82 | ₦9,320.61 | ₦805,906.42 | ₦801,232.57 |
| 24 | August 18th, 2028 | ₦801,232.57 | ₦4,673.86 | ₦805,906.42 | ₦0 |
These are the different levels of finishing which the Wisdom test 3 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.