Save with RentSpace
Goal-based savings, conditional rent support, and a journey that rewards discipline. Cycle 1: save 70%, we add 30%. Later cycles: save 50% then 30% for up to 50% then 70% support. We pay your landlord 100%. No default risk, no stress.
Download the app to start your Rent Goal today
How SpaceRent works
Your rent journey in four clear steps. We track every contribution and unlock support when you reach the savings share for your cycle.
Start a Rent Goal
Set your rent amount, duration (6–12 months), and payment frequency. We auto-generate a savings plan, dashboard progress bar, and repayment simulation.
Save consistently
Fund your SpaceWallet via your unique virtual account (DVA). Save weekly or monthly—we track every contribution toward the savings share for your cycle (70% in Cycle 1, 50% in Cycle 2, 30% in Cycle 3+).
Hit your share — we top up the rest
When you reach your cycle's required savings, you become eligible for support. You upload required docs (ID, proof of address, landlord info, income evidence, guarantor). The full 100% is then disbursed to your landlord.
Repay & unlock more
You repay support over five monthly instalments: equal slices of the support plus a 2.5% service charge on the remaining balance each month (not interest). Complete cycles to unlock SpaceContribution and SpaceAuto (structured car savings).
Rent support by cycle
As you complete cycles, you save a smaller share of rent and can unlock a larger support top-up — after you meet KYC requirements.
Basic KYC + Guarantor + autodebit mandate
Enhanced KYC (income proof, landlord docs, autodebit mandate)
Collateral + Salary Domiciliation (for salaried earners) + autodebit mandate
Unlock more as you save
SpaceRent is the entry point. Complete cycles to access SpaceContribution and SpaceAuto.
SpaceRent + Auto plan
Onboarding + BVN + rent cycle start
SpaceContribution
After completing one full cycle
SpaceAuto
Completion of 2 full cycles + no default on repayment
Market Mingle: Grocery financing tiers
Your Savings Velocity Score—how fast and consistently you meet your rent target—determines your grocery-financing limit. Save regularly → earn trust → unlock higher tiers.
Modest progress
20–40% saved
₦20,000 max
Your savings velocity is building.
Consistent saver
40–70% saved
₦40,000 max
Steady progress unlocks more.
Strong saver
70–95% saved
₦60,000 max
Close to your rent goal.
On target
95–110% saved
₦80,000 max
On track or ahead of plan.
Excellent performer
110%+ saved
₦100,000 max
Top tier grocery financing.
Financing is reviewed every 3 months based on your progress. < 20% saved = not eligible. Improve savings to move up tiers.
Rules that keep you on track
Cycle 1: save 70% of rent, get 30% support.
Cycle 2: save 50% of rent, get 50% support. Previous support is repaid separately over five months with a 2.5% reducing-balance service charge (not interest).
Cycle 3+: save 30% of rent, get 70% support.
Earn ₦200 for every ₦10,000 saved—redeemable at RentSpace Supermarket.
Save more, spend less
Rent savers get access to discounted grocery bundles and short-term grocery financing (₦20,000–₦100,000) through Market Mingle. Your savings habits determine your limit.
Each month we celebrate a Saver of the Month—get featured and inspire others.
Get the RentSpace app and start saving toward your rent goal
