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) if you're coming up with 3-6 months' rent savings of your own, before we finance the remaining for you.
The rent charge is three(3) months for every year if you're choosing the no rental savings option.
A. 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
B. 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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