
+2348028617830
aliu.salaudeen@360degreeemn.com
+2348028617830
Installment Payment for Houses in Nigeria
(Lagos, Ogun and Abuja)
Having your own house is now easier, set up an installment payment for a house in Nigeria
and only pay in monthly installments.
Brochure of House Installment Payment in Nigeria
Own your desired house with simple monthly installment payment
We deliver your dream house through installment payment for houses in Nigeria. Build or buy easily via installment plans, in the major cities in Nigeria (Abuja, Lagos, Ibadan, Ogun etc)
House Installment Payment Vs Outright Payment
Pros of House Installment Plans
- Flexibility: buy, choose a convenient payment schedule and spread payment.
- Most are OFFPLAN, with specified delivery dates and timeline
- Affordability: you can now afford to buy houses in Lagos, Abuja, Ibadan etc with installment payment, some of these locations you don’t have the capacity to pay at once.
- High Profit Margin: you buy below the actual market value, when you resell or rent out, your ROI (return over investment) is higher than others.
- Quality Control: you can track and assess the quality of the house, from foundation, house design, floor plan, interior fittings, etc
- Smarter route: you can decide to save till when you have the whole funds, but that doesn’t always work, because you might later divert the funds or when your fund is complete, the house is gone.
Cons of House Installment Plans
- High risk: project delivery might be delayed, slow or below expectation.
- Default charge: interest might be charged if you don’t meet up with payment.
- Location: these house installment plans are only restricted to certain locations in Lagos, Ogun, Ibadan and Abuja.
- You can’t move-in immediately, until you pay up to a certain percentage
Now Buy A House with installment payment, Smarter and Easier
With our rapidly growing population here in the urban cities e.g. Lagos, Ogun, Abuja etc, accomodation is getting tougher, and demand for houses is constantly rising higher, view a development history of how a swamp grew into smart Urban town.
Buy a house in Nigeria with installment payment
Do you desire a ready built home in the major Nigerian cities, namely Lagos, Ibadan, Abuja etc. If it’s too expensive for you to pay at once, why don’t spread payment instead?.
Available Locations of Installment Houses in Lagos, Ibadan, Ogun and Abuja
Get full details of our installment payment for houses in Nigeria. Check our house plans, packages, prices and locations in Nigeria
Brochure of House Installment Payment in Nigeria
What is Rent-To-Own?
Rent-to-Own s a very popular term, it was one of the flagship housing scheme of Lagos Homes, created then for Lagos State Government workers, with the goal of easing homeownership.
Rent-to-own is a scheme where home buyers can make a down payment and move into a particular housing, then repay over a long duration, mostly repayment is annually i.e. just like when they are paying rent.
There are several Federal and State Government Rent-to-Own schemes in Nigeria, and some private mortgage banks also offer Rent-to-own services too.
What are OFFPLAN Houses?
Offplan is a trending real estate term for projects that are still in development phase, that is they are not fully completed yet.
Ugh?, why pay for a house that’s not fully completed?, because some of the prime locations here e.g Lekki, Lagos Mainland, Abuja, Banana Island, Ikoyi etc that’s the only way you can buy and spread payment.
Oh!, in addition, during development stage, particularly early development phase, these houses are sold cheaper and below actual market price, so you buy cheaper and still get flexible payment spread.
What are the requirements to be eligible?
For our house installment plans, no age, financial or employment requirement is needed, payment schedule and breakdown are setup based on your capacity.
However, mortgage plans require you to pass an eligibility pre-qualification before you’re eligible for a long-term payment plan and mortgage financing.
When can I take possession or move into the house or property?
Move-in or physical possession depends on the route you’re taking, see the move-in conditions below.
- Buying a house with installment: this varies based on the estate location, different estates offer different conditions for physical possession, some 50%, some at 70% while some at full 100% payment.
- Buying a house with mortgage: move-in is on equity payment, usually 20% to 30% of the property value, except on special cases when you’re based abroad.
Are these houses already built?
We have ready-built houses, mostly here in Lagos, installment usually doesn’t exceed 12 months for ready-built units, while for our Offplan, delivery and completion of the project are usually 6 to 12 months, depending on the stage of the project when you bought.
Another alternative is to apply for mortgage financing for these ready-built houses, but that would require you to be eligible and meeting the mortgage requirement, you can also apply if you’re a Nigerian based abroad.
Are there ready built houses in your estates with installments?
Yes, if you don’t want to wait for us to build, but will prefer an already built bungalow or duplex in and around Lagos, Ibadan, Abuja, Enugu and Ogun state, with spread payment plans.
Our house installment scheme covers that, you can pick from the affordable outskirts or the classy highbrows. Kindly note that this house installment applies at specified estates only, only properties within eligible locations can only be bought on installment.
How long can I spread my payment plan?
Payment plans are based on location, so the location you choose, determine how long you’re eligible to spread, most duration for the highbrow are 12 to 18 months, while 30 to 36 months are available at the emerging cities.
60 months are also available for Offplan projects in few locations in Lagos and Abuja, so what you can afford simply determines where you buy.
Do you allow outright payment plan?
Outright purchase always comes with a discount or special incentive, the outright purchase is ideal for investors, a lot of our projects sell below market value at outright.
Do you build according to how I pay?
We have offplan projects with specified delivery dates, your payment doesn’t slow down delivery for these projects, you only lose your allocated units if you don’t meet up your payment spread.
However, if we’re building on your land, definitely default in the payment agreement will affect the delivery of your project.
Do I have to buy land before I subscribe to your installment scheme?
You can enjoy our property construction scheme, either as an individual, staff cooperative member or an organisation without buying land, the cost will be land inclusive (this applies only if you’re building in one of our estates).
However, do you have land already, you can also develop your land or complete your ongoing project with installment payment plans.
Do you finance building projects?
No, we don’t, it’s not part of our services for now, we don’t finance building projects and we don’t finance house purchase.
We only setup payment plans for you to afford the house you want.
Can you build for me outside your estate and I still pay in installments?
Yes, our property development scheme has now been extended to all parts of Nigeria, either it’s the East (Imo, Enugu, Portharcourt), the West (Ibadan, Ilorin, Abeokuta) or the North (Abuja, Kano, Kaduna) etc.
We develop or complete your building project with payment plan, kindly read our FAQs in full to understand our terms and conditions.
Furthermore, we also develop for staff cooperatives who have acquired large acres of land, we build and develop this land for their members, while paying at their pace.
Can you finish an ongoing project from shell to finishing with installment?
Yes, either the project was started by us or a different developer, we can assess and analyze it (drawings will be required) and take it up to completion, with installment payment plans also.
Terms and conditions are the same with if we’re starting the project afresh. Therefore, you can subscribe for a shell structure only, while as you earn more upgrade into adding finishing and accessories, which will still be covered by same installment plans.
Do you give any special discount on your properties?
Discounts are always offered on all outright purchases of our properties, discount can be as high as 20%. If you’re spreading payment for a house, you also get a discount if you pay up before the initial stipulated payment duration.
In additon, project prices can be negotiated when high volumes of houses are involved especially from staff cooperatives, unions and large organisations, we are flexible and can always strike a bargain with you.
Are you a certified company and are your estates registered?
We are a certified real estate and construction company, certified by the Nigeria Corporate Affairs Commission (CAC) with reg no. 838962.
We have some couple of estates we’re developing, owned, managed and developed by us. Some are already built-up estates where people are residing already, while we also have a gradually developing site for average Nigerians who might be looking for a property to start small with.
Nevertheless, all our estates are registered and verifiable from their state’s ministry of land to verify ownership and title.
Do You Need Help?
You’ve gone through the entire details, but can’t really understand how it works, don’t worry, we’re here to help.
Do You Have A Request?
Are you interested in a particular type of property (residential or commercial) at a particular location in Nigeria?, submit your details, let’s help you with it