Pay your annual rent in affordable monthly installments. No stress. No pressure. Just flexibility.
Designed specifically for tenants who want financial flexibility.
Convert your annual rent into manageable monthly payments. No more lump sum stress.
Starting from 12% APR. Transparent fees, no hidden charges.
Get approved within 24 hours. Funds disbursed directly to your landlord.
Based on your verified tenancy history and income. No property collateral needed.
Simple steps to get your rent covered.
Register with CIL and complete verification. Takes 2-4 hours.
Submit your rent details and loan amount. Provide proof of income.
We review and approve within 24 hours. Credit check may apply.
We pay your landlord directly. You repay in monthly installments.
Interest Rate: 12% APR • No hidden fees
CIL Tenant Loans are designed for verified tenants with a stable income.
Starting interest rate for qualified tenants
*Rates vary based on credit assessment. Terms and conditions apply.
Everything you need to know about CIL Tenant Loans.
You can borrow up to 12 months of your annual rent, subject to income verification and credit assessment. Maximum loan amount is ₦2,000,000 for eligible tenants.
Approval typically takes 24 hours after submitting complete documentation. Funds are disbursed directly to your landlord within 48 hours of approval.
Valid ID, BVN, NIN, employment letter or 3 months' payslips, bank statements, and current tenancy agreement.
Yes! Early repayment is allowed with no penalty fees. You save on future interest when you pay off early.
Late payments incur a 5% late fee. We'll send reminders to help you stay on track. Persistent late payment may affect your credit eligibility.
Yes. You must be a verified CIL tenant with an active account for at least 3 months to qualify for the loan.