FAQ · Mos Rola Enterprises LTD

How do I apply for a loan? ▼

Applying for a loan with Mos Rola is simple. Click the "Apply" button on our website, fill in your personal and business details, and submit. Our team reviews applications within 24 hours and reaches out to guide you through the next steps.

💡 Tip: Have your business registration and bank details ready to speed up the process.

What are your interest rates and fees? ▼

Our interest rates are transparent and based on the loan amount:

₦50,000 and above16%

₦100,000 – ₦200,00016%

₦250,000 – below ₦1M16%

₦1,000,000 and above18% – 20%

Form Fees: ₦1,000 (₦50k) · ₦1,500 (₦100k–₦200k) · ₦3,000 (₦250k–below ₦1M) · ₦4,000 (₦1M+)

📌 Maximum loan tenor: 2 to 3 months

What documents do I need for loans above ₦1,000,000? ▼

For loans of ₦1,000,000 and above, the following are required:

Collateral: Valued at 2x the proposed loan amount

✓ Bank Statements: Last 6 months
✓ Guarantor: 1 guarantor required
✓ Cheques: 8 open cheques (applicant + guarantor)
✓ Identification: NIN for applicant and guarantor
✓ Passport Photos: Applicant and guarantor
✓ Proof of Address: Utility bill for applicant and guarantor

How long does approval take? ▼

We prioritize speed without compromising due diligence. Most applications are reviewed and approved within 24 to 48 hours of receiving all required documentation.

For existing customers, the process is even faster — sometimes within 4 to 6 hours.

⚡ Expedited review available for returning customers.

What are the general document requirements? ▼

To complete your application, you'll need:

✓ Valid government-issued ID (NIN, Passport, or Driver's License)
✓ Business registration documents (CAC certificate)
✓ Bank statements for the last 3 to 6 months
✓ Proof of address (utility bill)
✓ Tax identification number (if applicable)

📎 Need help gathering your documents? We're here to guide you.

Is Mos Rola Enterprises regulated? ▼

Yes. Mos Rola Enterprises LTD is a fully registered and compliant financial services company in Nigeria. We operate in full compliance with:

🏛️ Corporate Affairs Commission (CAC)
🏦 Central Bank of Nigeria (CBN) guidelines
🔒 Nigeria Data Protection Regulation (NDPR)

🛡️ Your security and trust are our priority.

Can I repay my loan early? ▼

Yes. You can repay your loan early at any time without penalty. Early repayment helps you save on interest.

💰 Early repayment reduces the total interest you pay.

What happens if I miss a payment? ▼

If you miss a payment, we encourage you to contact us immediately. We are committed to working with our clients to find a solution.

Late payments may incur additional fees and affect your credit rating. We believe in transparent communication and will always work with you to resolve any issues.

📞 Contact us as soon as possible — we're here to help.

Frequently Asked Questions

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