All mortgage plans
Rent To Own
Interest rate
7% p.a.
Max tenure
30 years
Min. equity
20%
Loans under this plan are capped at ₦50,000,000 per property.
How it works
Rent To Own extends up to 80% of a property's price as a loan, fixed at 7% per annum, repayable over as much as 30 years. You cover the remaining 20% (or more) as equity upfront — putting more down shortens your monthly payment and total interest.
Use the quick estimate alongside this page to see what a specific property price would look like under this plan, or open the full calculator to compare it against every other plan LastRent offers.
Open the full calculatorQuick estimate
Calculate your payment
₦
₦
10%
₦2,500,000
NHF Mortgage6% p.a. · fixed
20 yrs
Estimated monthly
₦161,197
Over 240 monthly payments
Eligible · DTI 32.2% (cap 33%)
Principal 58%Interest 42%
Loan amount₦22,500,000
Total interest₦16,187,277
Total repayment₦38,687,277
DTI ratio32.2% / 33% cap