According to Maslow’s hierarchy of needs theory, shelter is one of the basic needs of man. This comes closely after air, food, and water. Yet, accessibility to affordable housing in Nigeria remains an illusion.  

The struggle to provide affordable housing for Nigerians has come a long way and dates back to the 1990s and beyond. For instance, the NHF was set up in 1912 to tackle the problem of unaffordable housing by requiring eligible citizens to contribute 2.5 per cent of their monthly salary to NHF. The raised funds will be mobilized and made available to contributors at affordable interest rates to build homes. Sadly, these goals haven’t been met.

The cost of building houses in Nigeria is still high while the average income remains relatively low, making affordable housing an illusion for affected Nigerians.

Most people or families aspire to live in beautiful and comfortable homes. Some get to the stage of checking nice listings online but are disappointed and may have to settle for inadequate houses, bad roads, bad electricity, and in worse scenarios as common in Lagos, a far distance from their houses and works.

It doesn’t have to continue this way, and this is where Pelow comes in to address this problem.

At Pelow, we want to give people a better, easy, quick, and effective opportunity and means of renting or buying homes. Here it’s possible to buy or rent that house you admire even when you do not have all the money yet.

How does this work? (For Seekers)

We are glad you want to know! For instance, you may find an excellent and conducive property on Pelow going for #500,000 naira yearly. However, you can only afford #200,000 at the moment for your desired listing. Since this is the case, you may be forced to settle for lower houses that fall into the range of your financial capability, and it may not be the best option for you.

There is great news! With Pelow, you do not have to settle for less, and you can have your desired listing! We will make the full payment on your behalf, and you can pay us in instalments later based on what we agree upon.

Is there a specific amount of money I need to pay?

Not really! We will work with your budget. We will move with you at your own pace and time. All we have to do is reach an agreement that addresses the time frame and the amounts you will be paying. 

You can choose to make your payment once every two, three, or four months, weekly or even monthly. It’s totally up to you! Cheers!

Do I have to pay interest?

Big No! That’s what differentiates us from the banks, plus your convenience and comfort are our priority. So, you are not required to pay any interest. 

You only have to pay the full amount required for the property. Let’s say you find an apartment going for 1 million nairas, and we pay on your behalf. You still have to make payment for the whole 1 million nairas to us. However, since we have paid directly to the homeowner, you will pay us in instalments, and you can do this at your own pace. That’s totally fine with us!

What if I can no longer make payments?

You will hardly run into problems like this because Pelow gives a very flexible payment rent. You can pay when you are able to pay.

However, if you can no longer pay, then you will be required to leave. Also, you will not be asked to make any further payments. No drama whatsoever!

How does this work (For owners?)

For owners (Landlords, developers), we relieve you of the burden of renting or selling your house so you can focus on other things like owning more or building more places.

All you have to do is list your property on Pelow. Once a seeker signifies interest in your properties by submitting an offer, then you will accept the offer. Once all these have been sorted, Pelow will make payment in full to you for the desired property. This means the seeker now has total access to the properties since we have made payment fully on their behalf.