Eligibility Guide
How to become eligible for RentEasy
Transparent, fair, and built to reward responsible tenants. Here's exactly what we need and how we score you.
Step 1
5 minutes
Complete your profile
Create your RentEasy account and tell us a bit about yourself so we can match you to the right rent plan.
- Full name and contact information
- Valid government-issued ID (NIN, Driver's License, or International Passport)
- Email address and phone number
- Bank Verification Number (BVN)
Step 2
Verify your income
We confirm your ability to make monthly payments consistently. Pick whichever method fits you best.
| Method | How it works | Best for |
|---|---|---|
Employer Verification | Connect HR to authorize direct salary deductions. | Salaried staff at large, stable companies |
Bank Statements | Upload your last 3 months of bank statements. | Business owners, freelancers, contract workers |
Pay Slips | Upload your most recent 3 pay slips. | Salaried staff without employer partnership |
Direct Debit Mandate | Authorize RentEasy to debit your account monthly. | All tenants |
Minimum requirement: your monthly income should be at least 3× your monthly rent.
Step 3
Credit assessment & scoring
We run your information through the proprietary RentEasy Credit Scoring Model across three factors.
Income-to-Rent Ratio
How comfortably your income covers your rent.
Employment Stability
Tenure with current employer and the stability of your position.
Debt-to-Income Ratio
Existing monthly debt as a share of your income.
Step 4
Risk mitigation requirements
Your final score determines what (if anything) we ask for to secure the plan.
| Risk level | Deposit | Guarantor | Monitoring |
|---|---|---|---|
Low | No deposit | Not needed | Standard |
Medium | 1 month may be required | May be required | Closer monitoring |
High | 2+ months | Mandatory | Close monitoring |
Step 5
Submit your request
Once you meet the eligibility bar, you can request to switch to monthly payments.
- 1We verify your landlord's details.
- 2We send an offer to your landlord on your behalf.
- 3Once your landlord accepts, we pay your annual rent upfront.
- 4You start paying RentEasy in convenient monthly installments.
Quick eligibility checklist
If you can tick all five, you're ready to apply.
- You're currently paying rent annually (or want to switch)
- Your monthly income is at least 3× your monthly rent
- You have stable employment or consistent income
- You're ready to complete our verification process
- You agree to our terms and conditions
What if I don't qualify?
Don't worry — there's a path forward in every situation.
Income too low
Consider a more affordable property, or wait until your income grows.
Employment unstable
Wait until you've been at your current job for 12+ months, then reapply.
High debt-to-income
Pay down existing debts and reapply after 3–6 months.
No guarantor
Consider a co-tenant or wait until you can secure a guarantor.
Need more time
You can always revisit your application after improving your financials.
Frequently asked questions
Ready to find out where you stand?
Get your RentEasy Score in under 3 minutes.