Rent Assist: Rent Financing in Nigeria
Annual rent lands as one large demand while most people earn monthly. Rent Assist applications ask a financing partner to close that gap so you can repay in instalments.
What this financing covers
Rent financing, sometimes called a rent advance, covers a rent demand now and is repaid over an agreed number of months.
The application records the property, the amount your landlord has demanded, the due date and your monthly income so a partner can judge whether the repayment schedule is realistic.
Who it suits
- Tenants facing an annual renewal on a monthly salary.
- People relocating for work who must pay a full year upfront.
- Households that would otherwise deplete savings or borrow informally.
How the application works
- Create a KoboWallet account and open the financing application.
- Choose rent as the category and enter the property, amount and due date.
- Enter your income, expenses and any existing obligations.
- Attach identification, income evidence and your tenancy documentation, then submit.
- A financing partner reviews the application and responds with a decision.
What you may be asked for
- Valid means of identification.
- Tenancy agreement or the landlord's rent demand.
- Bank statements or payslips showing income.
- Proof of current address.
Frequently asked questions
- What is Rent Assist?
- Rent Assist is a rent financing category in KoboWallet's application. It is aimed at the Nigerian pattern of a full year's rent falling due at once, with repayment then spread monthly by the financing partner.
- Is the rent paid to me or to my landlord?
- Disbursement arrangements are set by the financing partner in its offer. KoboWallet does not disburse funds and does not decide how they are released.
- Can I use it for a rent renewal?
- Both new tenancies and renewals can be described in the application. You state the property, the amount demanded and the due date.
- Does KoboWallet guarantee my rent will be covered?
- No. KoboWallet facilitates the application only. Approval, amount and timing are decided by the financing partner.
Apply through KoboWallet
Complete one guided application and KoboWallet passes it to the relevant financing partners for review.
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