• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

LoanSpot

Information on everything Loans & access to Credit in NIgeria.

  • Personal Loans
  • Business Loans
  • Building Credit
  • Reviews
  • Contact us
  • Find a loan

Rent loans in Nigeria – What you should know

February 10, 2021 by Finance Writer 3 Comments

 Housing, more accurately captured as shelter, is one of the three basic needs of man for survival. Without a shelter over your head, there’s pretty much nothing else that can go well. This is because it’s from the comfort of your home that you can earn a living to provide for your other basic amenities; food and clothing. Furthermore, rent is pretty expensive, especially when you live in a major city. If you cannot afford one, there are rent loans in Nigeria that could help you meet your immediate needs, and allow you to pay up over time. 

rental-loans-in-nigeria

Rent loans in Nigeria 

Saving up for annual rent is outrightly a challenge for many Nigerians. The situation of things in the country is hard enough, with frequent inflation pushing up prices of goods. Therefore, this has left the country with a large percentage being poor, and individuals turning to family and friends to borrow in order to meet needs. However, in the end, these families and friends also have needs to meet, therefore leaving most to figure out things for themselves. 

As a way out, you can simply opt for one of the rent loans in Nigeria. Currently, you can easily obtain a loan of up to N5 million at competitive rates. There are several third-party institutions that connect citizens in need of rent loans to financial partners willing to provide it.

Which institutions offer rent loans in Nigeria? 

There are a good number of institutions that offer rent loans in Nigeria to individuals in need. Some top examples of these organizations are: 

  • Credit nigeria 
  • Paymyrent.ng
  • Sparta capital limited 
  • Resort savings and loans plc

How do I apply for a rent loan in Nigeria? 

Most rent loans providers in Nigeria have their individual approach as to how customers are to apply for a loan. Therefore, you can simply visit the company’s website or any of its physical offices to inquire, and an agent would be on ground to put you through. However, most of them require that you provide important details like:

  • Bank account and BVN details 
  • Means of identification 
  • Company details (for the employed)
  • Business details and proof of steady income (for business personnel)

Conclusion

With the numerous institutions providing rent loans in Nigeria, you should not find it difficult to pay your housing bills. However, keep in mind that these institutions need you to show that you can repay the money before approving your loan. Therefore, you must have a business with regular cash flow or a job that offers a fixed salary. 

Check out the Related Posts below:

  • Paymyrent and how it helps you pay your rent
  • Loans for unemployed in Nigeria - What you should know
  • Kickstarter Nigeria - What you should know
  • Sterling Bank Loans - What you should know
  • CBN Creative Industry Loans - What you should know

Filed Under: Personal Loans

5 Ways to get out of debt
Prev 1 of 4 Next
  • 5 Ways to get out of debt

    5 Ways to get out of debt

  • 5 Cs of Credit

    5 Cs of Credit

  • 5 Major Parties Involved In A Letter Of Credit

    5 Major Parties Involved In A Letter Of Credit

  • Five Ways Personal Loans Can Save the Day

    Five Ways Personal Loans Can Save the Day

Prev 1 of 4 Next

Reader Interactions

Comments

  1. home warranty companies reviews says

    February 20, 2021 at 7:45 am

    I got this sitye from my pal who shared with me concerning this website
    and now this time I am browsing this website and reading vey informative articles or reviews at this place.

  2. car donation says

    February 20, 2021 at 7:46 am

    You need tto take part in a contest for one
    of the most useful websites online. I will recommend this site!

  3. #greekfemalevoice says

    February 27, 2021 at 10:23 pm

    I enjoy what you guys are usually up too.
    This type of clever work annd reporting! Keep up the very good works guys I’ve added you guys to my own video.

Leave a Reply Cancel reply

Your email address will not be published.

Primary Sidebar

Recent Posts

  • Rosabon Financial Services – How to get a quick loan
  • How to start a money lending business in Nigeria
  • How to borrow money from Airtel
  • Startup funding in Nigeria – What you should know
  • Credit note – Meaning and how it works

Recent Comments

  • http://s3.amazonaws.com/appforest_uf/f1614792950103x750204350217306600/sword-free-fortnite-vbucks-generator-vbucks-for-f.pdf on Standard clauses in a loan agreement – What you should know
  • Jamesselty on What You Need To Know About Carbon Paylater Loan
  • tiktok takipçi satın al on List of Platforms Granting 24hrs Loan in Nigeria
  • Ronaldquile on What You Need To Know About Carbon Paylater Loan
  • Pay Day Loan on How To Request For A Quickteller Loan: Product Review
  • About Loanspot.ng
  • Contact us
  • Disclaimer
  • Privacy Policy

Copyright © 2021 Loan Score. All Rights Reserved