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Rosabon Consumer Asset Cash Loan

Lender

Rosabon Financial Services Ltd

Eligibility

The Rosabon Consumer Asset Cash Loan was introduced to meet the financial needs of individuals who need access to quick funds without having to lose their collateral (vehicles/landed property) which may be vital to their daily living.

On approval of loan application, customers get access to their desired amount using their vehicle/landed property as collateral; however they retain usage of this asset.

Just like other loans facilities from Rosabon Financial Services, the ACL is a quick and affordable loan. It comes with lower interest rates than the regular loans and is customized to suit the needs of individual customers.
The applicant must be a salary earner who earns at least N150,000 per month or more

Loan Limit

Maximum Limit: No Limit provided you have the collateral

Interest Rate

The interest is between 2.75% – 3% monthly on a flat rate

Max Tenor

The tenor is between 3-15months.

Security Required

Lien on asset. No need for a personal guarantor

Documents Required

Pre-Offer letter

  • Duly completed Asset Cash Loan application form
  • Letter of Employment/ Confirmation of Employment / Promotion Letter
  • One year statement of account
  • Utility Bill (PHCN bill/Water bill/LAWMA bill)
  • Work Id
  • Identification Card (National ID/ Voter ID/Driver license/International passport)
  • Vehicle particulars/ Landed property documents
  • Must earn #150,000 and above.
  • A vehicle as a collateral, which the owner still has possession off or landed property that has the name of the owner on it.

Post-Offer letter

  • Signed Offer letter
  • Signed Lease agreement
  • Postdated cheques and direct debit mandate for repayment
  • Local Purchase Order(LPO)

Credit report

Approval Time

Two weeks to give time for the asset to be verified

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
10 00010 000 000
160
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