Frequently Asked Questions

Get quick answers to your most pressing questions and make informed financial decisions .

How do I deposit money into my RentSpace account?
  • Open the app and login to your account
  • Click on “Add Money” on the homepage of the app.
  • Copy Account Number shown and note the bank (Providus Bank)
  • Send desired amount from your local bank to the details in the app

Please Note: the deposit shows in your SpaceWallet

What is Fixed-Term Savings about?

The Fixed-Term Savings feature allows users to lock in a particular amount of money for a specified period, earning interest during this time.

What are SpacePoints?

The Space Point is a reward system on the RentSpace app that users benefits from when they perform various activities on the app. It can be converted and used for airtime purchase within the app.

What is Flexible Target Savings about?

The Flexible Target Savings feature provides users with the flexibility to save for specific goals, with the option to save weekly, monthly, or at their own discretion.

What is Space Wallet?

The Space Wallet Provide our users with a static virtual account integrated with Providus Bank, this account number can be used to collect money from other financial institution.
– Users earn a daily interest on the amount of money left on their space wallet.
– The space wallet also helps users automate their savings into the various saving plan they might have opt for on the mobile app.
– User can only make withdrawal once monthly from their space wallet

What is the minimum amount I can save on SpaceRent and SpaceDeposit?

SpaceRent – The minimum rental value is ₦150,000.
SpaceDeposit – The minimum amount you can save is ₦1,000

How secure is the RentSpace app?

The app is very secure.

Must I save to have access to a loan?

Yes, you must save on SpaceRent to have access to a loan.

Can I Withdraw anytime?

Space Wallet – Withdrawal is only permissible once a month.
SpaceDeposit (Fixed) – Withdrawal is only possible at the end of the duration.
SpaceDeposit (Flexible) – Withdrawals are not allowed on the flexible account until due date. However, you can break your savings to get your money. This breakage attracts a fine.
SpaceRent – Withdrawal is only possible at the end of the cycle.

Where is your office located at?

Our office is located at No. 23, Abel Oreniyi St, Off Salvation Street, Opebi, Ikeja, Lagos.