BlogLoans in NigeriaRosabon Financial Services – How to Apply for a Quick Loan

Rosabon Financial Services – How to Apply for a Quick Loan

Rosabon Financial Services loan

Rosabon Financial Services is a loan company that meets the demands for quick loans with little or no collateral. The demand for loans is increasing as more financial companies that offer loan services are springing up daily; traditional banks are also providing instant loans to customers.

Rosabon Financial Services is available 24 hours a day to give out loans to help people meet their financial needs and emergencies. Apart from loans, this financial company has other services customers can enjoy, such as investments, leases, and finance management. This article will focus only on loans.

Overview of Rosabon Financial Services

Rosabon Financial Services was founded on April 22, 1993, and licensed by the Central Bank of Nigeria (CBN) in the same year to offer financial services like leases, loans, and investments to individuals, businesses, and corporate organizations. Since this company was established, it has become one of Nigeria’s firms with experience in financial advice and management to meet people’s long-term and short-term financial needs.

Rosabon Financial Services has many awards to show its professionalism and expertise in the money market. Customers can borrow up to N200 million and repay within 24 months with a competitive interest rate of 2% to 5%. Some of these loans require no collateral, while others need little collateral for financial security. To access any available loans from Rosabon Financial Services, you must visit their Internet banking website – https://rosabon-finance.com/loans.

Types of Rosabon Financial Services Loans

There are types of loans you can acquire from this loan company, they include:

Personal Loans

This type of loan is for people who are low on funds and need to sort out financial emergencies. The personal loan gives up to ₦6 million with zero collateral and guarantor in less than 24 hours while you repay within 15 months. The interest rate is very low and competitive, and there is little documentation. You do not need an account with the company but must be a private and public sector employee to access this loan.

Features of the Personal Loans

  • Access to up to N6 million within 24 hours.
  • Low and competitive interest rate.
  • The repayment time frame is up to 15 months.
  • Zero collateral or guarantors.
  • There is little documentation.

Requirements for the Personal Loans

For private sector workers, the requirements to get this loan are:

  • Completed application form with a passport photograph.
  • Valid means of identification.
  • Proof of employment status ( like an employment letter, a confirmation letter from the employee’s company, a promotion letter, letter of introduction from the employee company’s HR).
  • Direct debit mandate
  • Utility bill for at least 3 months.
  • Salary account statement for the period of the last 6 months.

Public sector employees will provide the following:

  • A passport photograph or selfie on the website.
  • Payslip for the last 3 months.
  • Utility bill of current residence, not later than 3 months.
  • Working Identification card showing the employer.
  • Letter of consent to deduct loan from the Integrated Payroll and Personnel Information System (IPPIS).

How to Apply for the Personal Loans

  • Visit the website – https://rosabon-finance.com/application/loan.
  • Enter your personal details.
  • Provide all information correctly.
  • Enter the amount you want to borrow and the repayment time.
  • Type any questions in the “Questions and Comments” box.
  • Read the terms and conditions, and give your consent to the company.
  • Click on “Submit” and wait for approval. If your application is approved, you will get the funds within 24 to 48 hours.

Edu-Support Loan

The Rosabon Financial Services Edu-Support Loan is only for individuals who wish to further their education irrespective of their financial status or parents to sort out their child or ward’s school expenses. The loan can be used to sort out school fees, textbooks and supplies, exam fees, professional certification, and other educational costs.

The Edu-Support loan gives up to N6 million with a low-interest rate, and you will pay back the loan within 12 months. Only employees of reputable private sector organizations can apply for this loan.

Features of the Edu-Support Loan

  • Low-interest rate.
  • Access to loans up to the amount of N6 million.
  • No collateral or guarantors.
  • Minimal documentation
  • A flexible repayment plan that lasts for 12 months.

Requirements for the loan

  • Proof of the school bill
  • A valid proof of employment identification
  • Valid means of identification
  • Account statement of 6 months’ salary

How to Apply for the Edu-Support Loan

  • Go to the website – https://rosabon-finance.com/application/edu-support-loan.
  • Fill in all the personal and work details.
  • Enter the amount you want to borrow.
  • Type in the repayment time.
  • If an additional amount is required apart from school fees, you can enter the amount.
  • Attach an invoice for the school or educational bill.
  • If you have any questions, you can type them in the “Questions and Comments” box.
  • Click on the small box to give consent to the company.
  • Select the “Submit” tab and wait for approval.

Sole Proprietor Business Support Loan (SPBSL)

Registered and unregistered businesses can get loans from Rosabon Financial Services up to N3 million to help them grow their businesses and meet other financial needs.

You can get approval and funds within 24 hours, while you have up to 15 months to pay back. The documents for this loan are basic and minimal, so it is easy for anyone to access the funds.

Features of the Sole Proprietor Business Support Loan

  • Access to up to N3 million in less than 24 hours.
  • The repayment plan lasts up to 15 months.
  • Low and competitive interest rate
  • Minimal documentation.

Requirements for the Loan

  • A passport photograph.
  • A valid email address and post-dated cheques.
  • Mandatory house and office visitation by the company staff, this requirement is just for new customers.
  • Office and home utility bills
  • A valid government identification card.
  • Registered business documents
  • One-year business account or a personal account statement for registered businesses.
  • Proof of Tax ID Number (TIN) is for registered businesses alone.

How to Get the Loan

To get the sole proprietor business loan, you have to:

  • Visit the Internet banking website – https://rosabon-finance.com/application/sole-proprietor-loan.
  • Fill in the personal and business details.
  • Enter the amount you need for your business.
  • Type in the repayment time
  • If you have any questions, type them in the “Questions and Comments” box.
  • Provide consent to the company by clicking the small box.
  • Click the “Submit” tab and wait for approval.

Consumer Business Support Loan (CBSL)

The Consumer Business Support Loan (CBSL) is only for salary owners in different organizations with personal businesses. With access to loan amounts up to N6 million, salary earners can fund their businesses and pay back within 15 months.

You do not need any collateral or guarantors to get this loan, and the interest rate is very competitive. Also, you only need to provide little or basic documents for this type of loan.

Features of the Consumer Business Support Loan

  • Loan amounts are as high as N6 million.
  • Approval and fund disbursement takes 24 hours.
  • The repayment time frame lasts up to 15 months.
  • Low and competitive interest rate.
  • No guarantor is needed.

Requirements for the Loan

  • A valid means of identification
  • An active business that has been in operation for up to 1 year.
  • A valid employment identification
  • 6-months salary account
  • 12-month business account statement.

Steps to Applying for the Loan

  • Go to the Internet banking website – https://rosabon-finance.com/application/consumer-business-loan.
  • Enter all personal and business details.
  • Enter the amount you need for your business.
  • Type in the repayment time
  • If you have any questions, type them in the “Questions and Comments” box.
  • Provide consent to the company by clicking the small box.
  • Click the “Submit” tab and wait for approval.

Sole Proprietor ACL (Asset Cash Loan)

The Sole Proprietor ACL (Asset Cash Loan) is a type of loan that allows registered and unregistered sole proprietor business owners to get funds up to N200 million to acquire a vehicle and landed properties.

This loan comes with a low-interest rate and a repayment time frame of 24 months; however, the business must be in operation for a minimum of 1 year.

Features of the Sole Proprietor Asset Cash Loan

  • Access to loans for assets up to the amount of N200 million.
  • Repayment time lasts up to 24 months.
  • Low and competitive interest rate.
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Requirements for the Loan

To get a vehicle using the Sole Proprietor Asset Cash Loan, you must submit the following:

  • A completed application form
  • A passport photograph.
  • Consent letter to use the vehicle as collateral.
  • Complete and original vehicle particulars like proof of ownership and custom papers.
  • Registered business documents this is applicable to registered business owners.
  • A valid means of identification.
  • A 1-year business account statement (only for registered business owners).
  • A 1-year personal account statement.
  • Proof of Tax ID Number (TIN) is only for registered business owners.
  • Home and office utility bills which are not less than 3 months.
  • Post-dated cheques or a direct debit mandate

If you wish to acquire a landed property with the Sole Proprietor Asset Cash Loan, submit the following:

  • A completed application form
  • Letter of consent for the property to be used as collateral.
  • Original property documents like a certificate of ownership or a power of attorney certificate.
  • A picture of the property.
  • Tax clearance certificate of the owner, this should be three years at maximum.
  • A valid means of identification
  • 1-year business account statement; this is only for registered business owners.
  • 1-year personal account statement
  • Home and office utility bills, 3 months at maximum.
  • Proof of Tax ID Number (TIN) only for registered business owners.
  • Post-dated cheques or a direct debit mandate.

How to Apply for the Sole Proprietor Asset Cash Loan

  • Go to the Internet banking website – https://rosabon-finance.com/application/sole-proprietor-asset-cash-loan.
  • Fill in your personal and business details.
  • Type in a repayment time frame
  • If there are questions, type them in the “Questions and Comments” box.
  • Give the company consent to your information by clicking the small box.
  • Click on the “Submit” tab and wait for approval.

Consumer ACL (Asset Cash Loan)

The Consumer ACL (Asset Cash Loan) is available for salary earners with businesses who wish to get funds to acquire assets (landed property or vehicles) for their personal businesses.

This loan type offers up to N50 million and a flexible repayment time frame of 24 months. If you repay your loan after the 6th time, you will be due for a loan top-up anytime.

Features of the Consumer ACL (Asset Cash Loan)

  • Access to funds up to N50 million.
  • Low-interest rate
  • The repayment time frame is within 24 months.
  • After the 6th repayment, clients are due for a loan top-up anytime.
  • Access to the asset while you repay

Requirements for the Loan

Salary earners who wish to get this loan must provide the following:

  • Account statement of 6 months
  • Valid means of identification
  • Employment letter
  • Home and office visitation by the company’s staff is compulsory for new customers.
  • All vehicle particulars

For landed properties, you must submit the following:

  • A passport photograph
  • Photocopy of the title document.
  • Copies of the mortgagors or clients and three years’ tax clearance certificates.
  • A picture of the property.
  • Employment letter or confirmation of employment.
  • A valid means of identification
  • Utility bill
  • A certificate of occupancy, this is only for properties in Port Harcourt City.
  • A ground receipt for Port Harcourt City properties.
  • 6-month salary bank account statement.

How to Get the Consumer Asset Cash Loan

  • Visit the Internet banking website – https://rosabon-finance.com/application/consumer-asset-cash-loan.
  • Provide all personal and business details.
  • Type in the amount you wish to borrow and the repayment time.
  • Type in questions or comments in the “Questions and Comments” box.
  • Click the small box to give consent to the loan company.
  • Tap the “Submit” button and wait for approval.

Corporate Limited Organization ACL(Asset Cash Loan)

From the name, this type of loan is only available for Corporate Limited organizations who need funds to get assets (landed property or vehicles) for their business.

Organizations that have been in operation for at least one year are eligible for this loan amount of N200 million to repay in 24 months.

Features of the Corporate Limited Organization ACL(Asset Cash Loan)

  • Access to a loan amount of N200 million.
  • Low-interest rate
  • The repayment time frame is up to 24 months.
  • Only corporate organizations that have been in operation for 1 year can access this loan.

Requirements for Corporate Mini Organizations

Corporate organizations who wish to get a loan for vehicles assets must provide the following:

  • A completed application form and a passport photograph.
  • Letter of employment status
  • Utility bill showing the current place of residence, not later than 3 months.
  • A valid means of identification
  • 6 months salary bank account
  • Post-dated cheques or a direct debit mandate.

For landed properties, the organization must provide the following:

  • A completed application form
  • Letter of consent to use the property as collateral.
  • Certificate of ownership or power of attorney.
  • A picture of the property.
  • A valid means of identification
  • Tax clearance certificate of the owner for the last three years.
  • Home and office utility bills, 3 months at maximum.
  • A 1-year business bank statement and a Tax ID Number (TIN) are only for registered businesses.
  • A 1-year personal bank statement

Requirements for Regular Corporate Organizations

For vehicle assets, corporate organizations must provide the following:

  • A completed application form
  • Letter of intent
  • The company profile and certificate of Incorporation.
  • Memorandum of Association
  • Bank statement, not later than 6 months
  • Audited financial statement
  • Documents of the vehicle
  • An identification card and 2 passport photographs
  • The organization’s utility bills

For landed properties, the organization must provide the following:

  • A photocopy of the title document
  • 2 passport photographs
  • A copy of the tax clearance certificate of two directors of the organization.
  • Letter of intent an
  • A certificate of Incorporation and company profile
  • Memorandum of Association
  • Bank statement, not later than 6 months
  • Audited financial statement
  • Statement of cash flow
  • Ground rent receipt, only for Port Harcourt City properties
  • An identification card
  • The organization’s utility bill
  • A picture of the property
  • A certificate of occupancy only for Port Harcourt City properties.

How to Get the Loan

  • Visit the Internet banking website – https://rosabon-finance.com/application/corporate-organization-asset-cash-loan.
  • Provide all personal and business details
  • Type in the amount you wish to borrow and the repayment time.
  • Type in questions or comments in the “Questions and Comments” box.
  • Click the small box to give consent to the loan company.
  • Tap the “Submit” button and wait for approval.

Rosabon Financial Services Loans Repayment Options

There are three (3) ways you can repay all types of loans from Rosabon Financial Services, they are:

  • Cheque presentation to any of the company’s branches.
  • Activation of direct mandate or automatic payment from your bank account to Rosabon Financial Services.
  • Bank transfer

Rosabon Financial Services Branches and Offices

Rosabon Financial Services has its head office at The Concept House, No 32 Montgomery Road, Yaba, Lagos State.

Other branches are in locations like:

  • The Imperial Plaza, 24 Olu Obasanjo Road. Port Harcourt, Off Waterlines Junction, Port Harcourt City.
  • Suite B19, Discovery Mall. Plot 215 Konoko Crescent off Adetokunbo Ademola Crescent Wuse 2, Abuja.
  • Suite 9, Eku Plaza, 128 Effurun/Sapele Road, Warri, Delta State.

Rosabon Financial Services Customer Care Service Number and Information

You can reach out to the customer support team at Rosabon Financial Services on:

  • Email: info@rosabon-finance.com or clientservices@rosabon-finance.com
  • Phone number: 013438280 or +2347007672266
  • WhatsApp: +2348150880066
  • Website: https://rosabon-finance.com/
  • Facebook: https://m.facebook.com/rosabonfinancialservices/
  • Twitter: https://twitter.com/rosabonfinance
  • Linkedin: https://ng.linkedin.com/company/rosabon-financial-services
  • Instagram: https://www.instagram.com/rosabonfinance/

What Will Happen If You Are Unable to Repay Your Loan?

Rosabon Financial Services already has measures for those who will fail to repay their loans. First, their names will be listed on the credit bureau as delinquent customers, and this means no loan company will give you loans in the future. Also, further actions will be taken, and you will likely be arrested.

Rosabon Loan Calculator

Rosabon Financial Services has a calculator on its website that helps customers to calculate the amount they will pay back to the company at the end of their repayment plan. The calculator only needs your loan amount and tenure to show you the monthly amount you will pay.

To use this calculator:

  • Visit the website – https://rosabon-finance.com/try-our-calculator
  • On the loan amount tab, slide the pointer to the left or right to select the right amount.
  • Move the pointer to the left to right on the loan tenure tab to set the repayment time.
  • The calculator will display your monthly payment.

Note that the amount on the calculator is not fixed, as the interest rate is negotiable.

Frequently Asked Questions

What is the interest rate for Rosabon?

Rosabon Financial Services has an interest rate of 2% to 5% for loans, but for investments, there is an interest rate of 15% per annum.

Is Rosabon legit?

Rosabon Financial Services is very genuine and legit. This financial company is registered under the Central Bank of Nigeria (CBN), and their policies are also in line with CBN regulations.

Rosabon Financial Services quick loan app

Currently, Rosabon Financial Services does not have an app for any of its services, and you can only visit any of its branches or go to its website to get access to any of its services.

Bottom Line

Rosabon Financial Services is a genuine financial company that offers services like loans, leases, and investments. There are many types of loans available for customers depending on your eligibility. The company is available on many social media platforms for information or inquiries about their services.

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