Rosabon Boosts Access To Credit With Asset Cash Loan
Rosabon Financial Service has announced a new financial solution, Asset Cash Loan, ACL aimed at boosting people’s access to credit facilities without losing their assets.
This solution allows car owners to use their cars to access a loan facility.
Once one applies for and gets a loan based on the value of the individual’s car, such individual regains access to required capital that was once tied up in owning that car, whilst continuing to use the car all through the loan tenor.
Speaking on the new solution, Communications Manager, Rosabon Financial Services, Kehinde Ruth Onasoga, said: “As expected, expenses are on the rise on a daily basis and in order to meet up with these huge financial commitments, there are cases where individuals have been forced to sell their vehicles – which may be their only source of mobility.
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“Rather than dispose of your beloved car asset at a ridiculous amount, we are offering our customers a win-win solution. Our customers in Abuja, Lagos, Port Harcourt, Warri and all over Nigeria can now access our loan facility using their cars without losing ownership. This is why we created this product – the Asset Cash Loan.
“It was introduced to meet the financial needs of individuals who need access to quick funds without having to lose their vehicles which may be vital to their business operations and daily living.”
Like Rosabon’s other loan solutions, the ACL is quick and affordable, though with lower interest rates than the regular loans and is customized to suit the needs of individual customers.
Once all forms of documentation including Passport Photographs, Valid means of ID, etc have been confirmed and approved, the customer gets credited within 48 hours.
