What is Paymyrent and how does it work?

Paymyrent is a savings and lending platform that helps users save money toward house rent or access loans for rent payments. You set a savings goal, choose how frequently you want to save (daily, weekly, or monthly), and the app automatically deducts funds from your account on your selected schedule. You can start saving with as little as N300 and earn up to 20% interest on your savings.

How much does Paymyrent cost?

Paymyrent is free to download and use. There are no upfront fees to create a savings plan or access the platform's features.

What countries does Paymyrent operate in?

Paymyrent primarily operates in Nigeria. The app is available on iOS and Android in Nigeria, though the website paymyrent.africa suggests a broader African presence.

Does Paymyrent have a mobile app?

Yes, Paymyrent has mobile apps available on both iOS (requires iOS 12.0 or later) and Android. The app is available on the Apple App Store and Google Play Store.

Who is Paymyrent best suited for?

Paymyrent is best suited for salary earners in Nigeria who want to save toward house rent payments or need access to rent loans. It's designed for people who struggle to save lump sums and benefit from automated, disciplined savings.

How do I contact Paymyrent support?

You can contact Paymyrent support by calling +2349034800393 or emailing support@paymyrent.ng.

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Paymyrent: Funding, Reviews & Alternatives (2026) – Liners

Paymyrent

Name: Paymyrent
Brand: Paymyrent

🇳🇬 Nigeria

A Nigeria-focused rent savings and rent-loan platform for individuals and employers, offering automated daily, weekly, or monthly savings and rent financing.

Available on:iOSWebAndroid

Visit Paymyrent

Paymyrent Africa is a rent-focused savings and financing platform for people in Nigeria who want to save gradually for house rent and access rent loans when needed.

Key capabilities include:

Automated rent savings plans with daily, weekly, or monthly targets, starting from ₦300, using card auto-deductions or a generated wallet account to fund savings.
Interest on savings with rewards on deposits and options such as fixed deposit (locked funds that earn monthly interest) and savings challenges (for example, a ₦1,000 daily challenge).
Rent loan access designed for paying rent in full, including an option to save towards rent for 6 months and then access a loan, plus marketplace-style loan matching where users can apply once and compare offers (interest rates and terms) from multiple lenders.
Emergency loan access of up to once a month, plus until the due date with at the end of the savings tenure.