Question 1

What is Rent-to-Own and how does it work in Nigeria?

Accepted Answer

Rent-to-Own allows you to move into a property immediately and make monthly payments that build equity over a fixed term of 5 to 15 years. Once the full purchase price is paid, the property title transfers to you. It is ideal for buyers who are not yet NHF-eligible or prefer a lower upfront commitment.

Question 2

What is the difference between Rent-to-Own and a mortgage in Nigeria?

Accepted Answer

With a mortgage (including NHF), you take a bank loan and repay it with interest. With Rent-to-Own, you pay MetroGroup directly over an agreed term — no bank intermediary, no formal credit check, and a lower barrier to entry. The monthly payment structure is similar, but Rent-to-Own can be more accessible for first-time buyers.

Question 3

Who qualifies for MetroGroup Rent-to-Own?

Accepted Answer

Any Nigerian resident with a stable income source — formal or informal employment, business income, or diaspora remittances — can apply. There is no minimum NHF contribution period required unlike a standard NHF loan.

Question 4

How much does it cost to start a Rent-to-Own plan?

Accepted Answer

Costs vary by property and term. Speak with a MetroGroup adviser for current availability and pricing across our Lagos and Abuja portfolio. Properties range from ₦8.5M to ₦85M.

Question 5

Can diaspora Nigerians access the Rent-to-Own scheme?

Accepted Answer

Yes. Diaspora Nigerians can participate in the Rent-to-Own scheme. Payments can be structured in Naira or referenced against a foreign currency equivalent. Contact our team to discuss diaspora-specific arrangements.

Rent-to-own pathways

What it generally means

Information you may need

Questions to ask

Limitations