Home Business COVID-19: Rosabon introduces N6m collateral-free loan for civil servants

COVID-19: Rosabon introduces N6m collateral-free loan for civil servants

Rosabon Financial Services, one of Nigeria’s leading non-bank financial services provider, has announced collateral-free and guarantor-free loans as low as N40,000 and up to N6 million to cater for civil servants in the light of the Coronavirus crisis.

This is part of a series of measures being implemented by Rosabon Financial Services to cater for civil servants who are currently affected by the lockdown and have their payroll handled by the Integrated Payroll and Personnel Information System (IPPIS).

Speaking about the public sector loan package, its Managing Director, Mr. Chukwuma Ochonogor, said:

“Rosabon is indeed proud to provide solutions for our customers in their time of need. There is no gainsaying the fact that the lockdown has placed many civil servants in a huge financial predicament. While loans and other credit are usually hard to get hold of, obtaining a loan for many public sector workers may be more difficult during this lockdown period.”

Currently, the Federal Government has mandated civil servants’ salaries to be paid to mitigate the impact of the lockdown. However, many states have still not paid salaries. This has crippled many workers as well as their ability to buy food and other necessities. This may cause severe hunger during the stay at home order to curb the spread of the deadly coronavirus disease.

With the Rosabon Public Sector Employees’ Loan, civil servants, upon meeting the set terms and conditions, now have the advantage of accessing affordable loans with a flexible repayment tenor of up to 24 months with favourable interest rates.

In addition to these measures, Ochonogor reiterated Rosabon’s commitment to supporting individuals and businesses in tackling the economic impact of the lockdown.

“Rosabon is focused on delivering the best possible service to all Nigerians and supporting the Nigerian economy, while taking deliberate steps to further support parts of the nation most in need at this critical period,” he stated.


Please enter your comment!
Please enter your name here

Most Popular

Lekki shootings: Sanwo-Olu apologises over soldiers’ action

Extends curfew to 72 hr Sets up a 5-man Fact-Finding C’ttee to be headed by retired Gen Vows to take case to...

Solskjaer leaves out two senior players as Man Utd submit 25-man EPL squad (Full List)

Manchester United manager, Ole Gunnar Solskjaer, has left Phil Jones and Sergio Romero from his 25-man squad for the Premier League.

Champions League: Solskjaer speaks on Ighalo’s future following Cavani’s arrival

Manchester United boss, Ole Gunnar Solskjaer, has assured Odion Ighalo that he still remains part of his plans, despite the arrival of...

Meet Francis Omata, The Commander Who Is Allegedly Behind The Lekki Massacre (Photos)

Photos of Commander, Francis Omata have surfaced the internet after he was accused of being in charge of the Lekki Massacre.

#EndSARS: Gov Sanwo-Olu visits victims, gives details on protesters shot (Photos)

Governor Babajide Sanwo-Olu has reacted to the shooting of End SARS protesters by the military in Lagos. Recall that...


WATCH VIDEO BELOW: https://youtu.be/nzoAo_lrW2c


WATCH VIDEO BELOW: https://youtu.be/1iUsI63z5bY


WATCH VIDEO BELOW: https://youtu.be/palST9vVFcs