How to Fund Your Property Purchase in Lagos

You’ve seen the conversations around real estate investment, and now you’re ready to take that step.

But one question keeps coming up:

“Where una dey see this money?”

How do people afford properties worth ₦70 million, ₦90 million, or even ₦200 million?

How do you realistically save that much in today’s economy?

At Zia Properties, we hear these questions every day. The truth is simple: property ownership in Lagos is more accessible than most people think.

In this guide, we’ll walk you through practical and realistic pathways to owning property—whether for investment or personal use.

Start With Due Diligence

Before discussing payment options, one step is non-negotiable: due diligence.

Always ensure that:

• The property has valid and verifiable title documents
• There are no legal disputes or encumbrances
• The developer or seller has a credible track record

This step protects your investment and should always come before any financial commitment—especially if you plan to finance your purchase through a bank loan or mortgage.

Your Payment Options

Once you’ve identified a verified property, here are the most common ways to finance your purchase:

1. Bank Loans

What it is:

A loan from a commercial bank to finance part of your property purchase.

Pros:

• Lower upfront financial pressure
• Faster processing compared to mortgages
• Flexible usage (not tied to specific developments)

Cons:

• Requires strong collateral
• Higher interest rates
• Shorter repayment periods, leading to increased financial pressure

2. Mortgage Financing

What it is:

A structured, long-term loan designed specifically for property acquisition, with repayment periods that can extend up to 25–30 years.

Pros:

• Longer repayment tenure (more manageable payments)
• Can finance high-value properties
• Tailored for home ownership

Cons:

• Requires a 20–30% down payment
• More rigorous approval process
• Requires stable, verifiable income

3. Off-Plan (Instalment Payment Plans)

What it is:

Purchasing a property before or during construction, with payments spread over an agreed period (typically 3–24 months).

Pros:

• No interest payments
• Flexible instalment structures
• Lower entry barrier compared to outright purchase

Cons:

• Requires financial discipline
• Initial deposit required
• Delivery timelines depend on the developer

Major Mortgage Providers in Nigeria

You can explore financing options from reputable institutions such as:

• Federal Mortgage Bank of Nigeria (FMBN)
• Nigeria Mortgage Refinance Company (NMRC)
• Abbey Mortgage Bank
• Infinity Trust Mortgage Bank
• FirstTrust Mortgage Bank

Each institution has its own requirements and structures, so it’s important to compare options before making a decision.

For Nigerians in the Diaspora

One of the biggest advantages of these financing options is accessibility—whether you’re in Nigeria or abroad.

Instead of relying on informal arrangements that carry risk, you can:

• Make structured monthly payments
• Work with regulated financial institutions
• Secure verified property investments

This means you’re not just sending money home—you’re building a tangible asset that appreciates over time.

Own Property with Zia Properties

At Zia Properties, we are currently in the final stages of our flagship development, Wisdom Court.

If you’re looking to own a unit:

• Take advantage of our 6-month instalment plan
• Access available mortgage financing options

We also have an upcoming project in Lekki Scheme 2, designed with affordability and flexibility in mind. Early-stage buyers will benefit from extended payment plans and more flexible entry options.

Take the Next Step

Property ownership in Lagos doesn’t have to feel out of reach.

With the right information—and the right partner—you can move from intention to ownership.

Contact Zia Properties today to learn more about our current and upcoming projects.