ACCESS Bank Begins Disbursement of N50B Interest-Free Loan- Apply

ACCESS BANK Begins Disbursement of N50B Interest Free Loan- Apply: The management of Access Bank PlC has announced N50 Billion naira free interest Loans for Businesses to thrive

This is coming at a time when the economy of Nigeria is falling south due to the covid-19 and the #Endsars protests, which has recked havoc in the country lately.

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This N50Billion naira free interest loan will come into effect 2021, with businesses getting huge boast and support, a move which will improve businesses in the long-run

Access bank plc has set the stage; many more banks (Commercial Banks) will announce her plans and hit the ground running

“Access Bank Plc will today commence the disbursement of the N50 billion interest-free loans and grant it set aside for

• Micro, small and medium size enterprises (MSMEs) that were destroyed by hoodlums in the wake of the protest against police brutality in the country last week.
• Commercial banking customers as well
• Corporate banking customers affected by the looting and arson in some parts of the country last three weeks.
• Customers of the financial institution across its MSME business,

Loan Repayment Plan

• It has a maximum tenor of 24 months for the access finance and
• 12 months for the working capital.
• The structure is flexible and it is to align with the customers’ cash flow.
•  The term facility would have a moratorium period of six months and then we would structure the repayment following the customers’ own cash flow cycle.
• Both are interest-free.

For the Free Grant:

It encompasses of two segments

The youth empowerment is in two parts its consist of tech industry and

skill development, like:

• Tailors,
• Barbers,
• Mechanics,
• Criteria.

The creative industry comprises

• advertising,
• architecture,
• the arts and antiques market,
• crafts,
• design,
• designer fashion,
•  film,
• interactive leisure software,
• music,
• performing arts,
• publishing,
• software,
• television, and
• radio