Instalment Plan
20%
40%
Estimated monthly instalment
₦1,666,667 / month
Total scheduled: ₦50,000,004 of ₦50,000,000
Payment Schedule
| Period | Payment | Balance | Cumulative paid |
|---|---|---|---|
| Initial deposit | ₦10,000,000 | ₦20,000,000 | ₦10,000,000 |
| Month 1 | ₦1,666,667 | ₦18,333,333 | ₦11,666,667 |
| Month 2 | ₦1,666,667 | ₦16,666,666 | ₦13,333,334 |
| Month 3 | ₦1,666,667 | ₦14,999,999 | ₦15,000,001 |
| Month 4 | ₦1,666,667 | ₦13,333,332 | ₦16,666,668 |
| Month 5 | ₦1,666,667 | ₦11,666,665 | ₦18,333,335 |
| Month 6 | ₦1,666,667 | ₦9,999,998 | ₦20,000,002 |
| Month 7 | ₦1,666,667 | ₦8,333,331 | ₦21,666,669 |
| Month 8 | ₦1,666,667 | ₦6,666,664 | ₦23,333,336 |
| Month 9 | ₦1,666,667 | ₦4,999,997 | ₦25,000,003 |
| Month 10 | ₦1,666,667 | ₦3,333,330 | ₦26,666,670 |
| Month 11 | ₦1,666,667 | ₦1,666,663 | ₦28,333,337 |
| Month 12 | ₦1,666,667 | ₦0 | ₦30,000,004 |
| Handover balloon | ₦20,000,000 | ₦0 | ₦50,000,004 |
Illustrative schedule only—developer contracts differ on penalties, milestones, and title risk. Review every clause with qualified counsel before paying.
Disclaimer: This calculator is for estimation and educational purposes only. Results are not financial, tax, or legal advice. Rates, terms, and eligibility depend on your situation and lender. HubQuery does not guarantee accuracy of estimates and is not responsible for decisions made based on this tool. Consult a qualified professional for your circumstances.