Pay rent monthly
Stop paying a year's rent all at once
Nigerian landlords ask for one to two years' rent upfront — ₦2.4M before you've even moved in. It's the single hardest part of renting, and it forces people into worse homes than they can actually afford. Rent financing changes that: pay the landlord in full now, and repay monthly. Check if you qualify in minutes.
How rent financing works on Mushrooms
- 1.Connect via Movo. Securely link your finances through Movo's consent screen — Mushrooms never sees your bank password, and your data is encrypted. It takes a couple of minutes.
- 2.See if you qualify. Movo shares a verified financial summary, and you instantly see your rent-financing eligibility — no long paperwork.
- 3.Join the waitlist. Reserve your place. Monthly-payment credit is rolling out as our lending partner goes live — waitlist members get first access.
- 4.Pay monthly, move in. When financing is live, the landlord gets paid in full, your rent stays in escrow until you move in, and you repay in manageable monthly instalments.
Why this matters in Nigeria
The annual lump sum is a trap: you can't save a year's rent while you're busy paying a year's rent. It pushes people into cramped or far-flung homes, into borrowing from family under pressure, or into unsafe "agent" deals chasing anything affordable. Spreading rent monthly — the way most of the world pays — lets you live where you actually work and breathe financially.
And because every Mushrooms listing is from a NIN-verified host with escrow protection, financing your rent here doesn't mean dropping your guard on safety. You can also see real area prices in the Mushrooms Rent Index before you commit.
Frequently asked questions
Can I pay my rent monthly in Nigeria?
Increasingly, yes. The traditional model is one or two years upfront, but rent financing lets you spread that into monthly payments. On Mushrooms you can connect your finances securely through Movo, instantly check whether you qualify, and join the waitlist — monthly-payment credit is rolling out as our lending partner goes live.
Is Mushrooms rent financing available right now?
The eligibility check and waitlist are live today: connect via Movo, see if you qualify, and reserve your place. The actual disbursement of rent credit (so you pay the landlord's full rent now and repay monthly) is being finalised with our lending partner. Joining the waitlist means you get first access the moment it launches.
How does the Movo eligibility check work?
Movo is a secure, independent financial-data service. You connect through Movo's own consent screen — Mushrooms never sees your bank password, and your access token is encrypted. Movo shares a verified financial summary that's used only to assess your rent-financing eligibility. You stay in control and can disconnect at any time.
Is it safe to connect my finances?
Yes. The connection runs through Movo's secure OAuth (the same kind of consent flow banks use), your credentials never touch Mushrooms, the data is cryptographically signed and encrypted, and only a verified summary — not your full bank login — is used. We deliberately don't share sensitive personal data like your NIN or phone number with the lender at the eligibility stage.
What if I don't qualify, or don't want financing?
The most reliable way to cut your upfront rent today — available right now, no credit needed — is to split the rent with a verified, compatibility-matched flatmate. A ₦2.4M flat split two ways is ₦1.2M each. See our rent-splitting guide for how it works.
Keep going
Find out if you can pay your rent monthly
Connect via Movo, check your eligibility in minutes, and join the waitlist for verified rent financing.
Check if you qualify