Rent Loan

We are aware of the challenges that Nigerian renters face. With our Pay my rent loan, you have the option to comfortably pay over a 12-month period while fulfilling your duties to your landlord.

Customers can renew their existing rent with a minimum of N200,000 and a maximum of N1,000,000. Customers who use the “Pay my rent” product will be able to manage their cash flow effectively since the credit facility allows them to pay for up to 12 months at a very reasonable rate.

This loan product may be used in conjunction with an existing Light Microfinance Bank Finance Salary Advance Loan facility.

Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.

Apply for a loan

Rent Loan

Rates

Equity contribution of 10% of the principal
Processing fee of 1% of the principal paid upfront
Interest rate of 3.5% monthly of the principal
NAIC cover/Monitoring fee of 19.8% of interest
Compulsory savings of 2.5% of principal

Downloadable files

Rental loan application form

Supporting documentation

Photocopy of Guarantor ID card
Collateral document
Undated cheques from guarantor
Joint group liability

Loan Products

Rent Loan
Can't afford to pay rent at the moment? Seen an apartment you love but can’t meet up with the payment?
Read more
Asset/Property Loans
Light Microfinance Asset/property loan scheme is a finance option specially designed to cater to the needs of businesses and individuals.
Read more
Agricultural Loan
Agricultural loan is geared toward helping farmers make the leap into the world of farming, or taking their existing farm to the next level.
Read more

Analyze the potential of your business and look for opportunities for greater success.

Within 24 hours of your application, we will match you with a loan program that will help you with your financial needs.

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