The Smart Way to Pay Rent in Installments Using The Rentspace App

Paying your rent at once can feel overwhelming, especially when you are juggling other financial responsibilities. Being able to pay rent in installments (spreading your rent for  11 months or less) sounds like a better idea, and that is where Spacerent comes in. 

SpaceRent is a lifesaver for Nigerians burdened by the weight of annual rent payments. Instead of scrambling for a lump sum, SpaceRent offers the opportunity to save weekly or monthly, ensuring that when rent is due, there’s no stress or worry.

Benefits of saving on Spacerent: 

• Loan Qualification: When you save up to 70% of your rental value consistently within 6-8 months, SpaceRent rewards you with the opportunity to qualify for a loan of up to 30%. Access additional funds to cover your rent, providing you with financial flexibility when you need it most.
• High interest rate: You earn up to 18% interest per annum on your savings 
• Progress Tracking: With SpaceRent, you can track your savings progress in real-time, giving you visibility into how close you are to reaching your rent savings goal. Stay motivated as you watch your savings grow over time.
• Direct Rent Payments: SpaceRent facilitates direct payments to your landlord on your behalf, ensuring timely and hassle-free rent payments. Say goodbye to late fees and eviction threats, and enjoy the convenience of seamless rent transactions through SpaceRent.

How To Pay Rent in Installments using the RentSpace App 

Step 1: Download & Sign Up

● Install RentSpace App from Google PlayStore or App Store
● Create an account and verify email.

Step 2: Fund Wallet

● Login and click the “Add Money” icon.
● Fund wallet via bank transfer or card funding.

Step 3: Activate SpaceRent

● Locate the savings icon and tap “SpaceRent”.

● Create a New Space Rent account, enter a rental value, and select savings interval.

Step 4: Automate Savings

● SpaceRent automates rent savings contributions.
● Track progress in real-time.

Step 5: Qualify for a Loan

● Save 70% of rental value consistently within 6-8 months.
● Access additional funds for rent.

Step 6: Direct Rent Payments

● SpaceRent facilitates timely payments to landlords.