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



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.


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

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Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.

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