CBN Reopens N50billion COVID-19 Loan Portal for Households, Businesses

The central bank of Nigeria CBN has reopens N5billion Covid-19 Loan portal for Households, businesses in Nigeria. The Central Bank of Nigeria (CBN)  is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting households and micro, small and medium enterprises (MSMEs) affected by the COVID-19 pandemic.

TRENDING NOW

• Apply For Texas Rent relief Fund Program 2021
• Open Heaven 17th March 2021 RCCG Daily Devotional (Tomorrow May Be Too Late)
• CBN COVID-19 Loan for Household (CBN Loan Application portal 2021)
• NPower Test Timetable 2021 Batch C Assessment Test Portal Login
• FG Begins Disbursement Of N20k to people affected by COVID-19 Lockdowns

The NIRSAL Microfinance Bank Loan 2021

• Applicants must be households and MSMEs with verifiable evidence of livelihood adversely impacted by the coronavirus pandemic.
• Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic are also eligible to apply.
• The interest rate on the facility will be nine percent per annum, working capital will be for a maximum period of one year, with no option for rollover.
• The working capital to be offered to eligible businesses has been fixed at a maximum of 25 percent of the average of the previous three years’ annual turnover.

How Long Will The Covid-19 Loan 2021 Last?

• The enterprise is not up to three years in operation, 25 percent of the previous year’s turnover will be offered.
• Term loans have a maximum tenor of not more than 3 years with, at least, one-year moratorium.

CBN Covid-19 Loan Worth

• Households can access a maximum loan of N3 million
• The loan amount to SMEs shall be determined based on the cash flow and industry/segment size of the beneficiary, subject to a maximum of N25 million.

Steps to Apply for NIRSAL CBN COVID-19 LOAN 2021

Interested applicants can access the loan application portal via this link: https://nmfbloans.nmfb.com.ng/

We believe this article has helped, also we cherish your opinion and we look forward to it. Hence, if you need us to feed you with more updated information at the right time, don’t for once forget to google www.searchngr.com

have a wonderful day ahead!