MORFI Real Estate Investment Fund (MREIF) Plan

Purchase option for Wisdom's Test 3 Bedroom Bungalow in Ganye, Adamawa

Please note: although this property is listed, the seller’s authority to transfer title is unconfirmed. Verification occurs when buyers indicate purchase interest, ensuring protection of their interests.

Details

Important details about the MORFI Real Estate Investment Fund (MREIF) Plan

Interest Rate: 9.75% per annum
Finishing Levels: 1
Monthly Payment: ₦151,762.70
Minimum Down Payment: 20%
Payment Period: 20 years
Maximum Loan Amount: ₦100,000,000
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of MORFI Real Estate Investment Fund (MREIF) Plan

Total Interest: ₦15.67M
Total Principal: ₦16M
Total Payable (total principal payment + total interest payment): ₦31.67M
Payment Period: 20 years240 months

Month 1

October 24th, 2026

Principal payment: ₦66,666.67
Interest payment: ₦130,000
Monthly repayment: ₦196,666.67
Remaining balance: ₦15,933,333.33

Month 2

November 24th, 2026

Principal payment: ₦66,666.67
Interest payment: ₦129,458.33
Monthly repayment: ₦196,125
Remaining balance: ₦15,866,666.67

Month 3

December 24th, 2026

Principal payment: ₦66,666.67
Interest payment: ₦128,916.67
Monthly repayment: ₦195,583.33
Remaining balance: ₦15,800,000

Month 4

January 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦128,375
Monthly repayment: ₦195,041.67
Remaining balance: ₦15,733,333.33

Month 5

February 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦127,833.33
Monthly repayment: ₦194,500
Remaining balance: ₦15,666,666.67

Month 6

March 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦127,291.67
Monthly repayment: ₦193,958.33
Remaining balance: ₦15,600,000

Month 7

April 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦126,750
Monthly repayment: ₦193,416.67
Remaining balance: ₦15,533,333.33

Month 8

May 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦126,208.33
Monthly repayment: ₦192,875
Remaining balance: ₦15,466,666.67

Month 9

June 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦125,666.67
Monthly repayment: ₦192,333.33
Remaining balance: ₦15,400,000

Month 10

July 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦125,125
Monthly repayment: ₦191,791.67
Remaining balance: ₦15,333,333.33

Month 11

August 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦124,583.33
Monthly repayment: ₦191,250
Remaining balance: ₦15,266,666.67

Month 12

September 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦124,041.67
Monthly repayment: ₦190,708.33
Remaining balance: ₦15,200,000

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	October 24th, 2026	₦66,666.67	₦130,000	₦196,666.67	₦15,933,333.33
2	November 24th, 2026	₦66,666.67	₦129,458.33	₦196,125	₦15,866,666.67
3	December 24th, 2026	₦66,666.67	₦128,916.67	₦195,583.33	₦15,800,000
4	January 24th, 2027	₦66,666.67	₦128,375	₦195,041.67	₦15,733,333.33
5	February 24th, 2027	₦66,666.67	₦127,833.33	₦194,500	₦15,666,666.67
6	March 24th, 2027	₦66,666.67	₦127,291.67	₦193,958.33	₦15,600,000
7	April 24th, 2027	₦66,666.67	₦126,750	₦193,416.67	₦15,533,333.33
8	May 24th, 2027	₦66,666.67	₦126,208.33	₦192,875	₦15,466,666.67
9	June 24th, 2027	₦66,666.67	₦125,666.67	₦192,333.33	₦15,400,000
10	July 24th, 2027	₦66,666.67	₦125,125	₦191,791.67	₦15,333,333.33
11	August 24th, 2027	₦66,666.67	₦124,583.33	₦191,250	₦15,266,666.67
12	September 24th, 2027	₦66,666.67	₦124,041.67	₦190,708.33	₦15,200,000
13	October 24th, 2027	₦66,666.67	₦123,500	₦190,166.67	₦15,133,333.33
14	November 24th, 2027	₦66,666.67	₦122,958.33	₦189,625	₦15,066,666.67
15	December 24th, 2027	₦66,666.67	₦122,416.67	₦189,083.33	₦15,000,000
16	January 24th, 2028	₦66,666.67	₦121,875	₦188,541.67	₦14,933,333.33
17	February 24th, 2028	₦66,666.67	₦121,333.33	₦188,000	₦14,866,666.67
18	March 24th, 2028	₦66,666.67	₦120,791.67	₦187,458.33	₦14,800,000
19	April 24th, 2028	₦66,666.67	₦120,250	₦186,916.67	₦14,733,333.33
20	May 24th, 2028	₦66,666.67	₦119,708.33	₦186,375	₦14,666,666.67
21	June 24th, 2028	₦66,666.67	₦119,166.67	₦185,833.33	₦14,600,000
22	July 24th, 2028	₦66,666.67	₦118,625	₦185,291.67	₦14,533,333.33
23	August 24th, 2028	₦66,666.67	₦118,083.33	₦184,750	₦14,466,666.67
24	September 24th, 2028	₦66,666.67	₦117,541.67	₦184,208.33	₦14,400,000

Estimated Closing & Transaction Costs

Everything it takes to close on this house with the MORFI Real Estate Investment Fund (MREIF) Plan. It covers who you pay, whether it is required, and what it adds up to.

Estimated total closing costs for the Semi Finished · MORFI Real Estate Investment Fund (MREIF) Plan

₦3,614,000 - ₦3,842,000

18.1% - 19.2% of the ₦20,000,000 house price, on top of your initial deposit. Ranges show where a fee varies by bank, lawyer or seller.

Paid to Bank
₦2,814,000 - ₦3,042,000
7 fees · 14.1% - 15.2%
Paid to Brokerage
₦800,000
1 fee · 4.0%

Account Maintenance
Required
Account Maintenance of the account
₦50,000
Fixed
Advisory Fee
Required
Advisory Fee for which loan to take
₦80,000 - ₦160,000
0.5% - 1% of loan amount
Processing Fee
Required
Processing Fee for processing the house
₦800,000
4% of house price
Legal Search
Required
Legal Search
₦60,000 - ₦160,000
Varies
Credit Search
Required
Credit Search
₦64,000 - ₦112,000
0.4% - 0.7% of loan amount
Management Fee
Required
Management Fee
₦160,000
1% of loan amount
Land Registry Assessment and Registration
Required
Land Registry Assessment And Registration
₦1,600,000
8% of house price

Subtotal — BankSubtotal, paid to bank₦2,814,000 - ₦3,042,000

Giddaa Professional Fee
Required
Giddaa Professional Fee
₦800,000
4% of house price

Subtotal — BrokerageSubtotal, paid to brokerage₦800,000

Estimated Total Closing Costs

₦3,614,000 - ₦3,842,000

Excludes your initial deposit of ₦4,000,000 and your monthly repayments.

18.1% - 19.2% of the house price

Total cost to buy this home with the MORFI Real Estate Investment Fund (MREIF) Plan (price + closing costs): ₦23,614,000 - ₦23,842,000

These are estimates from general transactions handled on Giddaa, not a quote

Unless a fee says otherwise, percentage fees are applied to the ₦20,000,000 house price. The banks, lawyers and the sellers (developer or individual) confirm the exact figures at offer-letter stage, and some costs can be negotiated. However, you should prepare with this in mind as they are more accurate than not.

Finishing Levels

These are the different levels of finishing which the Wisdom's Test can be purchased using the MORFI Real Estate Investment Fund (MREIF) Plan and the various prices on each finishing level.

Semi Finished

Testing Testing Semi Finishedsss

Price: ₦20,000,000
Minimum Initial Deposit: 20% (₦4,000,000)
Monthly Payment: ₦151,762.70
Payment Period: 20 years

How it works

How the MORFI Real Estate Investment Fund (MREIF) Plan works on Giddaa

Step 1
Find Home
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 Documents
Submit your documents to Giddaa for prequalification to confirm your eligibility for the MREIF loan.
Performed by You
Step 3
Loan Processing
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
Get Keys, Repay
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

Your affordability for the MORFI Real Estate Investment Fund (MREIF) Plan

Log in to check your affordability

We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.

Application Documents

The documents you need to submit when applying for MORFI Real Estate Investment Fund (MREIF) Plan

Required

Bank statement

Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.

Who Can Apply

The kinds of people that can apply for MORFI Real Estate Investment Fund (MREIF) Plan

individuals

These are people applying by themselves, without a co-applicant.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Couples & Common Law Partners

These are people who have been partnered by law.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Parents & Their Children

Parents and their children will be able to apply.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Siblings

Brothers and or sisters related by blood will be able to apply.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Corporates and Companies

Registered corporate entities and businesses can apply.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Friends & Business Partners

Individuals with a business relationship and/or personal relationship.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Buy the 3 Bed Bungalow in Ganye Adamawa with the MORFI Real Estate Investment Fund (MREIF) Plan. | Giddaa

MORFI Real Estate Investment Fund (MREIF) Plan

Purchase option for Wisdom's Test 3 Bedroom Bungalow in Ganye, Adamawa

Details

Important details about the MORFI Real Estate Investment Fund (MREIF) Plan

Interest Rate: 9.75% per annum
Finishing Levels: 1
Monthly Payment: ₦151,762.70
Minimum Down Payment: 20%
Payment Period: 20 years
Maximum Loan Amount: ₦100,000,000
Closing Costs: Legal, Insurance, Professional Fees.
Joint applications and co-owners allowed?: Yes

Repayment Schedule

Repayment Schedule for the payment of MORFI Real Estate Investment Fund (MREIF) Plan

Total Interest: ₦15.67M
Total Principal: ₦16M
Total Payable (total principal payment + total interest payment): ₦31.67M
Payment Period: 20 years240 months

Month 1

October 24th, 2026

Principal payment: ₦66,666.67
Interest payment: ₦130,000
Monthly repayment: ₦196,666.67
Remaining balance: ₦15,933,333.33

Month 2

November 24th, 2026

Principal payment: ₦66,666.67
Interest payment: ₦129,458.33
Monthly repayment: ₦196,125
Remaining balance: ₦15,866,666.67

Month 3

December 24th, 2026

Principal payment: ₦66,666.67
Interest payment: ₦128,916.67
Monthly repayment: ₦195,583.33
Remaining balance: ₦15,800,000

Month 4

January 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦128,375
Monthly repayment: ₦195,041.67
Remaining balance: ₦15,733,333.33

Month 5

February 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦127,833.33
Monthly repayment: ₦194,500
Remaining balance: ₦15,666,666.67

Month 6

March 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦127,291.67
Monthly repayment: ₦193,958.33
Remaining balance: ₦15,600,000

Month 7

April 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦126,750
Monthly repayment: ₦193,416.67
Remaining balance: ₦15,533,333.33

Month 8

May 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦126,208.33
Monthly repayment: ₦192,875
Remaining balance: ₦15,466,666.67

Month 9

June 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦125,666.67
Monthly repayment: ₦192,333.33
Remaining balance: ₦15,400,000

Month 10

July 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦125,125
Monthly repayment: ₦191,791.67
Remaining balance: ₦15,333,333.33

Month 11

August 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦124,583.33
Monthly repayment: ₦191,250
Remaining balance: ₦15,266,666.67

Month 12

September 24th, 2027

Principal payment: ₦66,666.67
Interest payment: ₦124,041.67
Monthly repayment: ₦190,708.33
Remaining balance: ₦15,200,000

S/N	Month	Monthly Principal Payment	Monthly Interest Payment	Monthly Repayment	Remaining Balance
1	October 24th, 2026	₦66,666.67	₦130,000	₦196,666.67	₦15,933,333.33
2	November 24th, 2026	₦66,666.67	₦129,458.33	₦196,125	₦15,866,666.67
3	December 24th, 2026	₦66,666.67	₦128,916.67	₦195,583.33	₦15,800,000
4	January 24th, 2027	₦66,666.67	₦128,375	₦195,041.67	₦15,733,333.33
5	February 24th, 2027	₦66,666.67	₦127,833.33	₦194,500	₦15,666,666.67
6	March 24th, 2027	₦66,666.67	₦127,291.67	₦193,958.33	₦15,600,000
7	April 24th, 2027	₦66,666.67	₦126,750	₦193,416.67	₦15,533,333.33
8	May 24th, 2027	₦66,666.67	₦126,208.33	₦192,875	₦15,466,666.67
9	June 24th, 2027	₦66,666.67	₦125,666.67	₦192,333.33	₦15,400,000
10	July 24th, 2027	₦66,666.67	₦125,125	₦191,791.67	₦15,333,333.33
11	August 24th, 2027	₦66,666.67	₦124,583.33	₦191,250	₦15,266,666.67
12	September 24th, 2027	₦66,666.67	₦124,041.67	₦190,708.33	₦15,200,000
13	October 24th, 2027	₦66,666.67	₦123,500	₦190,166.67	₦15,133,333.33
14	November 24th, 2027	₦66,666.67	₦122,958.33	₦189,625	₦15,066,666.67
15	December 24th, 2027	₦66,666.67	₦122,416.67	₦189,083.33	₦15,000,000
16	January 24th, 2028	₦66,666.67	₦121,875	₦188,541.67	₦14,933,333.33
17	February 24th, 2028	₦66,666.67	₦121,333.33	₦188,000	₦14,866,666.67
18	March 24th, 2028	₦66,666.67	₦120,791.67	₦187,458.33	₦14,800,000
19	April 24th, 2028	₦66,666.67	₦120,250	₦186,916.67	₦14,733,333.33
20	May 24th, 2028	₦66,666.67	₦119,708.33	₦186,375	₦14,666,666.67
21	June 24th, 2028	₦66,666.67	₦119,166.67	₦185,833.33	₦14,600,000
22	July 24th, 2028	₦66,666.67	₦118,625	₦185,291.67	₦14,533,333.33
23	August 24th, 2028	₦66,666.67	₦118,083.33	₦184,750	₦14,466,666.67
24	September 24th, 2028	₦66,666.67	₦117,541.67	₦184,208.33	₦14,400,000

Estimated Closing & Transaction Costs

Everything it takes to close on this house with the MORFI Real Estate Investment Fund (MREIF) Plan. It covers who you pay, whether it is required, and what it adds up to.

Estimated total closing costs for the Semi Finished · MORFI Real Estate Investment Fund (MREIF) Plan

₦3,614,000 - ₦3,842,000

18.1% - 19.2% of the ₦20,000,000 house price, on top of your initial deposit. Ranges show where a fee varies by bank, lawyer or seller.

Paid to Bank
₦2,814,000 - ₦3,042,000
7 fees · 14.1% - 15.2%
Paid to Brokerage
₦800,000
1 fee · 4.0%

Account Maintenance
Required
Account Maintenance of the account
₦50,000
Fixed
Advisory Fee
Required
Advisory Fee for which loan to take
₦80,000 - ₦160,000
0.5% - 1% of loan amount
Processing Fee
Required
Processing Fee for processing the house
₦800,000
4% of house price
Legal Search
Required
Legal Search
₦60,000 - ₦160,000
Varies
Credit Search
Required
Credit Search
₦64,000 - ₦112,000
0.4% - 0.7% of loan amount
Management Fee
Required
Management Fee
₦160,000
1% of loan amount
Land Registry Assessment and Registration
Required
Land Registry Assessment And Registration
₦1,600,000
8% of house price

Subtotal — BankSubtotal, paid to bank₦2,814,000 - ₦3,042,000

Giddaa Professional Fee
Required
Giddaa Professional Fee
₦800,000
4% of house price

Subtotal — BrokerageSubtotal, paid to brokerage₦800,000

Estimated Total Closing Costs

₦3,614,000 - ₦3,842,000

Excludes your initial deposit of ₦4,000,000 and your monthly repayments.

18.1% - 19.2% of the house price

Total cost to buy this home with the MORFI Real Estate Investment Fund (MREIF) Plan (price + closing costs): ₦23,614,000 - ₦23,842,000

These are estimates from general transactions handled on Giddaa, not a quote

Finishing Levels

These are the different levels of finishing which the Wisdom's Test can be purchased using the MORFI Real Estate Investment Fund (MREIF) Plan and the various prices on each finishing level.

Semi Finished

Testing Testing Semi Finishedsss

Price: ₦20,000,000
Minimum Initial Deposit: 20% (₦4,000,000)
Monthly Payment: ₦151,762.70
Payment Period: 20 years

How it works

How the MORFI Real Estate Investment Fund (MREIF) Plan works on Giddaa

Step 1
Find Home
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 Documents
Submit your documents to Giddaa for prequalification to confirm your eligibility for the MREIF loan.
Performed by You
Step 3
Loan Processing
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
Get Keys, Repay
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

Your affordability for the MORFI Real Estate Investment Fund (MREIF) Plan

Log in to check your affordability

We’ll compare this plan’s monthly payment with your income details and show you a clear estimate.

Application Documents

The documents you need to submit when applying for MORFI Real Estate Investment Fund (MREIF) Plan

Required

Bank statement

Recent bank statements for the last six months to demonstrate financial stability and capacity to repay the loan with bank stamp.

Who Can Apply

The kinds of people that can apply for MORFI Real Estate Investment Fund (MREIF) Plan

individuals

These are people applying by themselves, without a co-applicant.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Couples & Common Law Partners

These are people who have been partnered by law.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Parents & Their Children

Parents and their children will be able to apply.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Siblings

Brothers and or sisters related by blood will be able to apply.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Corporates and Companies

Registered corporate entities and businesses can apply.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Friends & Business Partners

Individuals with a business relationship and/or personal relationship.

The following Individuals can apply through this payment option

Government Workers (In Nigeria)
Private Workers (In Nigeria)
Self Employed (In Nigeria)
Government Workers (In Diaspora)
Private Workers (In Diaspora)
Self Employed (In Diaspora)

Details

Repayment Schedule

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

Estimated Closing & Transaction Costs

Bank & Financing Fees

Brokerage & Legal Fees

Estimated Total Closing Costs

Finishing Levels

Semi Finished

How it works

Find Home

Submit Documents

Loan Processing

Get Keys, Repay

Your Affordability

Log in to check your affordability

Application Documents

Bank statement

Who Can Apply

individuals

Couples & Common Law Partners

Parents & Their Children

Siblings

Corporates and Companies

Friends & Business Partners

Details

Repayment Schedule

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

Estimated Closing & Transaction Costs

Bank & Financing Fees

Brokerage & Legal Fees

Estimated Total Closing Costs

Finishing Levels

Semi Finished

How it works

Find Home

Submit Documents

Loan Processing

Get Keys, Repay

Your Affordability

Log in to check your affordability

Application Documents

Bank statement

Who Can Apply

individuals

Couples & Common Law Partners

Parents & Their Children

Siblings

Corporates and Companies

Friends & Business Partners