How To Use Rent Now, Pay Later From Spleet Africa

Let’s set the scene. It is that time of the month when you look around your present living space and resent it. The walls, no matter the different wall paint you try, never look right. The space now feels too small, and the ceiling has been patched too many times. Maybe you have even spent too much money on fixing the door hinges or find the gutter in the neighbourhood deplorable. Maybe it’s the rainy season when the house resents heat and everything feels and looks wrong. Every day, Nigerians make a decision to move out of their home and into better ones. The actualization of that decision, however, depends on some factors including rent prices and even finding the right home. And in Nigeria, the price of rent is often the biggest hindering factor. This is currently solved with our monthly rent option. And now, we are taking things a step further.

Spleet has just launched a flexible rental loan feature called Rent Now, Pay Later. Rent Now, Pay Later makes it easy for current and prospective Spleet members to pay for a home on Spleet with low-interest, collateral-free loans that can be accessed in less than 72 hours. The feature builds on Spleet’s existing mission to make renting in Africa easy, seamless and flexible. With Rent Now, Pay Later you can access loans of up to 5 million Naira with a 12 months max repayment period. This feature truly democratises renting, taking care of the fundamentals of finding and renting in a volatile housing market.

So how exactly does Rent Now, Pay Later work?

The steps are easy and based on first-hand user experience.

• First, select your desired apartment from the Spleet Marketplace, then click on “Pay with RNPL”. This will prompt you to select the duration of your loan, after which you will have to accept the “RNPL Terms of Service” and tap “Proceed”.
  
  

If you do not find your desired home on the Spleet marketplace and would still like to access RNPL, please send an email to our team at credit@spleet.africa or send us a message via the chatbot on our website.

• Choose “Continue as Member” and sign up as a Spleet member or log into your Spleet member account if you already have one. Make sure to complete KYC (Know Your Customer) before you apply for RNPL.
• From your Dashboard, browse through the available apartments and when you find an apartment you love, select “pay with RNPL”.

• Select the duration of your loan, accept the “RNPL Terms of Service” and tap “Proceed”.
• Enter some personal information to help us process your loan including “Employment Information”, “Next of Kin”, “Guarantor” & “Identification” and submit.
• You will also be required to read through and accept our payment terms and link your bank account before going forward.

• After these steps have been observed, it is now time to wait for your loan approval which happens within 72 hours.
• And once your loan application is approved your apartment will be paid for and you can access your new Spleet home.

See! Renting a home through Spleet has just gotten even more accessible! Everyone deserves a chance to live in the house of their dream even if and or when they don’t immediately have all the money to make it happen. That being said, you too can get started on Rent Now, Pay Later today.

If you do not find your desired home on the Spleet marketplace and would still like to access RNPL, please send an email to our team at credit@spleet.africa or send us a message via the chatbot on our website.