Paymyrent helps make house rent saving seamless. Paymyrent takes away the stress and planning required to save on a regular basis through its automated and easy-to-use platform. Your savings also generate interests, up to 7% per deposit.
Paymyrent is suitable for anyone who:
To start saving on Paymyrent:
No! it's completely FREE. There are no bank charges for transferring money to your Paymyrent account.
You can ONLY save between:
N200 - N25,000 daily,
N1500 - N100,000 weekly,
or N5,000 - N500,000 monthly
When using the Quicksave option which allows you to add more funds to your savings at any time, you can add up to N500,000 per time. Note that the Quicksave option does not give interest.
All financial information is encrypted and stored to PCI DSS Level 1 compliant standards. PCI DSS Level 1 compliance is a set of rules stated by credit card companies and audited by an independent third party.
It is the highest possible rating one can get in the electronic payment processing industry. Additionally, all transmission to our banking partner and on our site is via an encrypted 256-bit HTTPS SSL connection.
Yes! We are located at No 37, Akin Oshiyemi Street, Allen, Ikeja..
Contact Number: 09034800393
Your security is our only priority. Your card details are extremely safe as they are never stored on Paymyrent. We work with a PCIDSS-compliant payment processor, Paystack to handle your card details.
We are a registered cooperative “Paymyrent Cooperative Multipurpose Society”.
Saved funds are warehoused with and managed by Meristem Wealth Management limited, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).
No, everything is done automatically except you want to use the QuickSave option. All transactions on your debit card will be visible in your dashboard.
We will send an email receipt to you every single time you save with your debit card and your bank will also send you an alert. It's 100% secure.
We WON'T automatically debit your account if you missed any day, week or month and we WON'T charge you either. The QuickSave option is always available for you to manually make up for any lost day, week or month.
Yes, you can, it is up to you to pause or continue the automatic saving any time for free. Just log in and click on "My Plans"
Yes, you can increase the amount you're saving at anytime. However, you won’t be able to increase your savings amount 2 months to the end of your savings tenure.
Simple, we will not be able to debit you for that day, week or month. We will only be able to save for you when you have funds in your debit card. However, you have the option to use the "Quick save" option once you have loaded your account. Also note that you will lose interest on your savings if your savings comes in:
This option basically enables you to add more funds to your savings. For example, if you set N100,000 monthly and during the month, you got some idle funds, You can add this idle funds to your savings account. Note that this quick save funds doesn’t come with interest. Its to enable you increase your savings amount
Yes, you get up to 7% per deposit on your savings.
If you save N100,000 per month, you will be paid interest of N5,000 every time you make a deposit. This is the best offer you can get in the market. Note that the interest rate depends on the tenure selected.
Once you make a savings, your interest goes into your withdrawable account. This amount can be withdrawn immediately.
Our operational costs are relatively low - we do not operate multiple branches or hire a lot of staff to manage operations. We are also able to negotiate premium rates due to volumes.
Saved funds are warehoused with and managed by Meristem wealth Management Limited, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC) which is extremely safe and guaranteed. A portion of the proceeds is then passed on to users as interests on their savings.
You can withdraw for FREE only at the end of your savings tenure.
Withdrawing before the end of your tenure will attract a 5% penalty fee.
Yes, you can, just go to the withdraw page and enter how much you want to withdraw.
You need to have filled your bank details in your withdrawal settings then, click on the "withdraw" option on your dashboard, enter the amount you want to withdraw and your funds will be transferred to your set bank account within the stipulated time.
You can borrow 10% of the total amount in your savings account. The amount you can borrow per time is displayed on your loanable dashboard.
You can add a debit card for repayment, you can do a transfer to our bank account or you can settle the loan from your savings.
Simply because we understand that life happens and when it happens, you are tempted to terminate your investment. We created this loan product to assist you sort unexpected expenses when the need arises.