Save with RentSpace
Goal-based savings, conditional rent support, and a journey that rewards discipline. Save 70% of your rent target—we add 30% and pay your landlord 100%. No default risk, no stress.
How SpaceRent works
Your rent journey in four clear steps. We track every deposit and unlock support when you hit 70%.
Start a Rent Goal
Set your rent amount, duration (6–12 months), and payment frequency. We auto-generate a savings plan, dashboard progress bar, and repayment simulation.
Save consistently
Fund your SpaceWallet via your unique virtual account (DVA). Save weekly or monthly—we track every deposit and your progress toward the 70% milestone.
Reach 70% — we top up 30%
When you hit 70%, we trigger support eligibility. You upload required docs (ID, proof of address, landlord info, income evidence, guarantor). The full 100% is then disbursed to your landlord.
Repay & unlock more
Support is repaid over your next cycle via auto-debit. Complete cycles to unlock SpaceDeposit and SpaceAuto (structured car savings).
Rent support by cycle
Eligibility and support limits increase as you complete cycles and meet KYC requirements.
Basic KYC + Guarantor + autodebit mandate
Enhanced KYC ( income proof, landlord docs, autodebit mandate)
Collateral + Salary Domiciliation (for salaried earners) + autodebit mandate
Unlock more as you save
SpaceRent is the entry point. Complete cycles to access SpaceDeposit and SpaceAuto.
SpaceRent + Auto plan
Onboarding + BVN + rent cycle start
SpaceDeposit
After completing one full cycle
SpaceAuto
Completion of 2 full cycles + no default on repayment
Market Mingle: Grocery financing tiers
Your Savings Velocity Score—how fast and consistently you meet your rent target—determines your grocery-financing limit. Save regularly → earn trust → unlock higher tiers.
Modest progress
20–40% saved
₦20,000 max
Your savings velocity is building.
Consistent saver
40–70% saved
₦40,000 max
Steady progress unlocks more.
Strong saver
70–95% saved
₦60,000 max
Close to your rent goal.
On target
95–110% saved
₦80,000 max
On track or ahead of plan.
Excellent performer
110%+ saved
₦100,000 max
Top tier grocery financing.
Financing is reviewed every 3 months based on your progress. < 20% saved = not eligible. Improve savings to move up tiers.
Rules that keep you on track
Save 70%, get 30% support in Cycle 1.
In Cycle 2, save your new rent + repay part of previous support.
By Cycle 3+, your record earns up to 70% support.
Earn ₦200 for every ₦10,000 saved—redeemable at RentSpace Supermarket.
Save more, spend less
Rent savers get access to discounted grocery bundles and short-term grocery financing (₦20,000–₦100,000) through Market Mingle. Your savings habits determine your limit.
Each month we celebrate a Saver of the Month—get featured and inspire others.