Rental Loans
for Tenants
Found your perfect apartment but the upfront cost is too high? Porchplus lets you move in now and pay your rent back in manageable monthly instalments.
Financing built for renters
Traditional banks don't understand the Nigerian rental market. We do.
Fast Approval
Complete your application in under 10 minutes. Get a decision within 24 hours — no lengthy paperwork or branch visits.
Cover Rent & Deposit
Borrow enough to cover your full annual rent, security deposit, agency fee, and legal fee in one loan — paid directly to your landlord.
Flexible Repayment
Repay monthly in instalments that fit your income. Tenures from 3 to 24 months with no hidden charges.
No Collateral Needed
Qualify based on your income history and tenancy record, not physical collateral. Your Porchplus profile works for you.
Transparent Terms
We show you the full interest, monthly repayment, and total cost upfront — before you accept. No surprises at repayment time.
Build Your Credit
Timely repayments are reported to credit bureaus, helping you build a positive credit score for bigger financial milestones.
How it works
From application to moving in — in as little as 48 hours.
Check your eligibility
Tell us your income and tenancy details for an instant pre-approval estimate.
Submit your application
Upload your ID, proof of income, and your tenancy agreement or offer letter.
Get approved
Our team reviews your application and sends an offer within 24 hours.
Rent paid — move in
Funds go directly to your landlord. You move in, then repay monthly.
Porchplus Rental Loans are subject to credit assessment and approval. Interest rates and terms vary based on individual profiles. Porchplus is not a deposit-taking institution. Loans are facilitated in partnership with licensed financial institutions.
Move in today. Pay monthly.
Don't let upfront costs stop you from getting the home you deserve.
Apply for a rental loan