Owning a home in Lagos shouldn’t feel like an impossible climb. If you’ve been searching for a way to break free from the “landlord cycle” without the crushing weight of high-interest bank loans, the IBILE Traditional Mortgage scheme is your open door.
IBILE Traditional Mortgage is a groundbreaking “Rent-to-Own” initiative designed specifically for Nigerians at home and in the diaspora. Imagine moving into a luxury, beautifully finished home with just a 10% down payment. This isn’t just a housing plan; it’s a national movement toward financial dignity. Whether you’re a young professional, a growing family, or an investor, IBILE offers a seamless way to secure property in Lagos’s most strategic corridors, like the Lekki-Epe axis.
IBILE Traditional Mortgage Property Title: Absolute Peace of Mind
One of the biggest fears in Lagos real estate is “title trouble.” With IBILE, that fear is gone. All homes under this scheme are backed by secure, verifiable titles – primarily a Certificate of Occupancy (C of O) or a Government Gazette. Your investment is legally shielded and future-proofed.
IBILE Traditional Mortgage Available Units & 2026 Price List
IBILE offers a variety of home types to fit different budgets and family sizes. Every unit is built to high-quality specifications and typically includes a Maid’s Room (BQ).
Bungalows (With BQ)
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2-Bedroom Bungalow: ₦75,000,000
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3-Bedroom Bungalow: ₦85,000,000
Modern Apartments
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2-Bedroom Flat: ₦54,000,000
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3-Bedroom Flat: ₦59,000,000
Spacious Terraces
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3-Bedroom Terrace: ₦116,000,000
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4-Bedroom Terrace: ₦137,000,000
Executive Duplexes (With BQ)
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3-Bedroom Duplex: ₦227,000,000
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4-Bedroom Duplex: ₦298,000,000
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5-Bedroom Duplex: ₦340,000,000
The 10% Mortgage Advantage: How It Works
The math is simple and designed to help you win:
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Initial Deposit: Start with just 10% of the property value.
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Allocation: You get your allocation at 30% payment.
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Move-In: You can move into your home once you’ve contributed 50% of the value.
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Flexible Repayment: Spread the remaining balance over 5 years (60 months).
EXAMPLE OF MORGAGE CALCULATIONS FOR 3 BEDROOM TERRACE DUPLEX
MORGAGE PLAN
SAME CALCULATIONS APPLICABLE TO OUR DUPLEXES.
Purchase Price #116,000,000
Deposit 10% = #11,600,000
Balance = #104,400,000
Principals: #104.4m ÷ 4years = #26.1m/year
Yr1 interest: 7.5%
Yr1 interest: 8%
Yr1 interest: 8.5%
Yr1 interest: 9%
Year 1 calculations (Principal & Interest)
interest: #104.4m × 7.5% = #7,830,000 + #26.1m = #33,930,000/12month = #2,827,600/month
Year 2 calculations (Principal & Interest)
Bal: #104.4m – #26.1m = #78,300,000
interest: #78.3m × 8% = #6,264,000 + #26.1m = #32,364,000/12month = #2,697,600/month
Year 3 calculations (Principal & Interest)
Bal: #78.3m – #26.1m = #52,200,000
interest: #52.2m × 8.5% = #4,437,000 + #26.1m = #30,537,000/12month = #2,544,750/month
Year 4 calculations (Principal & Interest)
Bal: #52.2m – #26.1m = #26,100,000
interest: #26.1m × 9% = #2,349,000 + #26.1m = #28,449,000/12month = #2,370,750/month
Total payable: Cost price + Total interest
#116m + 20.880m = 136,880,000 total payable for 5 years
Estate Benefits & Highlights
Life in an IBILE-backed estate is designed for comfort and security:
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Safety First: Gated security houses, perimeter fencing, and 24/7 controlled access.
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Reliable Power: Dedicated electricity supply and solar-ready infrastructure.
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Quality Living: Well-paved, accessible road networks and green areas.
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Family-Friendly: Kids’ play areas and community hubs for a true neighborhood feel.
Neighborhood Landmarks
Your home sits in the middle of a multi-billion dollar economic boom:
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Proposed Lekki International Airport: (Right at your doorstep for Aviation Town units).
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Alaro City: The industrial heart of the North-East Quadrant.
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Lekki Deep Seaport: Africa’s new maritime gateway.
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Dangote Refinery: The world’s largest single-train refinery.
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Lekki Free Trade Zone: A tax-free zone for global commerce.
IBILE Traditional Mortgage – Frequently Asked Questions (FAQ)
Q: Do I need a bank account or a high credit score to apply?
A: No. This is a traditional, indigenous mortgage system handled directly by the developer, Harmony Garden. You don’t need to jump through complex bank loan hoops.
Q: Can I pay off my balance earlier than 5 years?
A: Absolutely! Early repayment is allowed and often encouraged to help you secure your full title faster.
Q: Is this open to Nigerians living abroad?
A: Yes. The scheme is specifically designed to be “diaspora-friendly,” allowing Nigerians globally to build generational wealth back home securely.
Q: Are there hidden fees?
A: Transparency is a core value of the IBILE system. Pricing is clearly stated, and there are no surprise charges or hidden interest spikes.
Book physical and virtual inspections
Call/chat ChachaRealtor: +2348060696022, or send a WhatsApp message or use the contact page to schedule a physical or virtual tour.