Rosabon Financial Services has announced collateral-free and guarantor-free loan opportunities as low as N40, 000 and up to N6 million to cater to civil servants in view of the COVID-19 pandemic.
A statement by the company said the initiative is part of measures it has adopted to support civil servants who are currently affected by the lockdown and have their payroll handled by the Integrated Payroll and Personnel Information System (IPPIS).
The Managing Director of Rosabon Financial Services, 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.”
The Federal government has directed that civil servants be paid their salaries to mitigate the impact of the lockdown.
However, some states are yet to pay their workers and this has affected many workers’ ability to buy food and other essentials, with the attendant implications for households.
“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 at a favourable interest rates,” Ochonogor added.
He also reiterated Rosabon’s commitment to supporting individuals and businesses in tackling the economic impact of the lockdown.
He further stated that, “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.”