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CBN COVID-19 Loan Repayment Structure (Please Read Carefully)



CBN to Begins Disbursement of COVID-19 Fund Today - Have You Applied? See How to Apply

CBN Covid-19 Loan Repayment structure: Congratulations to all those who have received the CBN Covid-19 Loan. I mean who will not say the government did well this time. 

The loan has put smiles in the faces of individuals and business owners, at least this will help meet up with demands and create an opportunity for growth.

CBN Covid-19 Loan Repayment: Applicants to the N50 billion credit facility, who have successfully completed the application processes and submitted their account details, should expect credit alerts 48 hours afterwards - CBN

In case, you have not applied, the application is still ongoing, and the only official website to apply is

Here in this article, is for the benefit of those who have applied and received the loan and hence want to know about the CBN Covid-19 Loan Repayment structure. As the name implies it is a loan and not a grant. The CBN has made it easy for everyone to repay the loan by making sure the loan tenure is enough for anyone to meet up.

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CBN also gave a six months moratorium, which means the term is not with immediate effect. 

Meanwhile, after the expiration of the moratorium, you will begin to repay back your loan bit by bit. This means if you received 425,000, what you will pay back will be 463,250. This will be split into 12 months and that 463,250 / 12 in 1 year which amount to 38,604.17 and if this is split in 5 years you will pay back 463,250 / 60 which shall amount to 7,720.83 per months.

The only official website to apply is


You can not run away from this debt, this money will be debited from your account monthly and if you think you want to play smart, then be ready to face the law.

If you still have a question regarding the CBN Covid-19 Loan Repayment structure, kindly leave a comment on our blog and one of our team will give you a reply in a jiffy.

Note comments on Opera may not be replied to.

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.



  1. Francis Ibrahim

    Tuesday, 7 July 2020, 7:26 at 7:26 pm

    I need a loan

  2. Bethrand

    Friday, 26 June 2020, 6:57 at 6:57 pm

    Have received an alert from Nirsal micro finance bank since 17 june, but have not been credited in my own acct. And have gone to their office . what is the way forward

  3. Kabiru isah

    Thursday, 25 June 2020, 8:57 at 8:57 pm

    What happen if i was not approve and I register again?


    Thursday, 25 June 2020, 2:37 at 2:37 pm

    I’m interested in the loan

  5. omego uche Veronica

    Wednesday, 24 June 2020, 5:30 at 5:30 pm

    I received my approved through sms on Monday but have not receive alert, what is the next step?

  6. Okon,Prince Emmanuel

    Wednesday, 24 June 2020, 1:46 at 1:46 pm

    Good day, please best on my capacity to repay the loan successfully and peacefully,I need the sum of #300,000.00. Please enlighten me on the requirements. Thanks

  7. Abdulmumini

    Monday, 22 June 2020, 6:14 at 6:14 pm

    Thanks to covid 19

  8. saifullahihamzas

    Saturday, 20 June 2020, 7:52 at 7:52 am

    Pls sir help me bring every one 0f you thank you update me me sir pls me loan of covid 19

  9. Jamilu buzu

    Friday, 19 June 2020, 11:55 at 11:55 pm

    I need help I filled my form more than a week I will not see any reply I need your help bro

  10. George Innocent

    Friday, 19 June 2020, 9:59 at 9:59 pm

    Please how many years is the total duration for the loan. Secondly are they only paying #500,000 and not #1,000,000 etc. Thirdly, how do you pay the loan or what is the best method to pay the loan

    • Bernard Bassey

      Friday, 19 June 2020, 11:48 at 11:48 pm

      The loan duration is between 1 year and 3 years and you can get up to 1 million naira for household and 25 million for SMEs. Please kindly refer to this link for repayment COVID 19 Repayment Structure

    • Didi

      Tuesday, 23 June 2020, 2:34 at 2:34 pm

      I have accepted my offer and submitted my account details for 2 weeks now. The money was paid into nmfb account and up till now I have not received the money in the account I submitted online. What should I do

  11. Ismail Adamu galadima

    Friday, 19 June 2020, 9:13 at 9:13 pm

    Ok sir may God help you to bring every one who have applied 🤲🤲🤲🤝

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