Connect with us

Business

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

Published

on

ACCESS Bank Begins Disbursement of N50B Interest-Free Loan- Apply
https://b6e9dfoiqan74p70nlshla5o8r.hop.clickbank.net/

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.


TRENDING NOW

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

Kindly subscribe to get the next update,
Just enter your email address below and click SUBSCRIBE

Delivered by SearchNGR



Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Copyright © 2020 SearchNGR | A News Aggregator Website | Nigerian Newspapers.