It’s a New Year and the excitement of the Christmas celebrations has worn out leaving many with an almost empty wallet and the eagerness for January’s salary which may not come till the next few weeks. This has left many confused and agitated as to how to handle some financial responsibilities that have surfaced.
Here are frequently asked questions on quick and easy ways in accessing affordable loans from Rosabon.
Q: How many types of Loans do you have?
A: We have the Rosabon
- Personal Loan
- Rosabon Quick Loan
- Rosabon Travel Loan
- Rosabon Educational Scheme Initiative
- Rosabon Rent Financing Scheme
Q: What is the minimum and maximum amount of loan I can borrow?
A: You can access between N150, 000 to N2, 500,000
Q: Do I need to be an employee to access your loans?
A: Yes, you need to be in paid employment to access our personal loans
Q: What Is required to be eligible to take out a loan?
A: You must be in a paid employment
- Your age should be between 21 and 58 years
- You must have a salary account
- You must have a valid Proof of Identification
- You must have a recent utility Bill (PHCN, Water bill, LAWMA bill OR Rent Agreement)
Q: How do I apply?
A: You can apply through the following ways;
- Send an email to firstname.lastname@example.org
- Call us on these numbers; +2348150880038, +2348150880039
- Walk into any of our branches in Lagos, Warri, Abuja and Port Harcourt
Head Office (Lagos); 32, Montgomery Road, Sabo, Yaba, Lagos.
Branch Office (Port Harcourt); Imperial plaza, No. 24, Olu Obasanjo Road, Port Harcourt
Branch Office (Abuja); Suit B9,Kuriftu Plaza Oluawotesu Street, Jabi District Abuja
Q: What documents do I need for personal loans?
A: 1 Passport Photograph
- A valid means of Identification
- Employee ID Card
- NUBAN Cheques or Direct Debit Mandate
Q: Can I access a loan facility from Abuja?
A: Yes, residents of Abuja can easily access any of our loan facility
Q: Are the interest rates negotiable?
A: Our interest rates are not negotiable as they are dependent on what category the client falls under
Q: Can I access the loan facility as a civil servant?
A: Yes, federal civil servants can access the loan facility
Q: Do you finance SME’s?
A: No, we presently do not finance SME’s
Q: Do you grant student loans?
A: No, we presently do not offer outright loans to students however, we have a loan product specially designed for parents to help pay their wards school fees.
Q: Why is there a restriction to the amount I can access based on my salary?
A: Considering our repayment tenor and CBN regulations we cannot deduct more than 33% of your salary. This is why we consider your monthly earnings to allow for ease of payment on your side.
Q: What can I do to get more funds in case of emergencies?
A: Getting more funds is easy; all you need to do is request for a Top Up considering you have repaid up to 5 months in an 8 months tenor and 3 months in a 6 months tenor.