For every one (1) year's rent advance we provide for you, we add two(2) extra months' rent as our charge (cost of providing you this service).
EXAMPLES (1YR RENT ADVANCE):
*
GHs500 MONTHLY RENT
GHs500 MONTHLY RENT
GHs8,500 MONTHLY RENT
GHs8,500 MONTHLY RENT
1YR RENT ADVANCE
GHs6,000
GHs6,000
GHs102,000
GHs102,000
OPTIONAL 3-MONTHS RENT ADVANCE
GHs1,500
GHs0
GHs25,500
GHs0
RNPL FINANCING PORTION
GHs4,500
GHs6,000
GHS76,500
GHs102,000
RNPL FINANCING CHARGE = 2 Months rent
GHs1,000
GHs1,500
GHs17,000
GHs25,500
TOTAL RNPL FINANCING ASSISTANCE
GHs5,500
GHs7,500
GHS93,500
GHs127,500
MONTHLY REPAYMENT AMOUNT = TOTAL RNPL FINANCING ASSISTANCE DIVIDED BY 12 MONTHS (FOR THE 1YR RENT ADVANCE)
GHs458.33
GHs625.00
GHS7,791.67
GHs10,625
EXAMPLE (2YRS RENT ADVANCE):
...
*
GHs500 MONTHLY RENT
GHs500 MONTHLY RENT
GHs8,500 MONTHLY RENT
GHs8,500 MONTHLY RENT
2-YRS RENT ADVANCE
GHs12,000
GHs12,000
GHs204,000
GHs204,000
OPTIONAL 3-MONTHS RENT ADVANCE
GHs1,500
GHs0
GHs25,500
GHs0
RNPL FINANCING PORTION
GHs10,500
GHs12,000
GHs178,500
GHs204,000
RNPL FINANCING CHARGE = 4/6 Months rent
GHs2,000
GHs2,000
GHs34,000
GHs51,000
TOTAL RNPL FINANCING ASSISTANCE
GHs12,500
GHs14,000
GHs212,500
GHs255,000
MONTHLY REPAYMENT AMOUNT = TOTAL RNPL FINANCING ASSISTANCE DIVIDED BY 12 MONTHS (FOR THE 1YR RENT ADVANCE)
GHs520.83
GHs583.33
GHs8,854.17
GHs10,625
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