Pay My Rent

This is product designed to finance the house rent for low- middle class salary earners who may be changing accommodation or renewing their existing lease. It affords them the opportunity of spreading payments for up to 12 months.



  • Beneficiary must be a permanent staff of a reputable organization in Lagos.
  • Maximum Loan amount not exceeding N2.5Million.
  • Loan is restricted to the payment of house rent.
  • Client must present invoice/rent bill for clients who are moving to a new accommodation or previous payment receipt for client’s who are renewing their rent in their existing residence
  • Monthly repayment schedule in line with salary dates.
  • A maximum tenor of Twelve (12) months is also applicable on this product.
  • Collateral substitute, in form of One (1) guarantor backed with a post-dated cheque covering principal and interest.
  • Credit life insurance is applicable on all facilities.(Fee is factored into pricing)
  • The borrower will issue post-dated cheques/direct debit mandate payable to Addosser MFB from his/her salary account.
  • Turnaround time is estimated at 48hours (once all the required documents are in place).
  • Fund will be credited directly to the Landlord/Agent’s account.

We offer Fast, Simple and Convenient Loans