18/09/2021
𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐇𝐨𝐰 𝐭𝐨 𝐚𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐧𝐞𝐰 𝐂𝐁𝐍 𝐍𝟓𝟎𝟎,𝟎𝟎𝟎, 𝐍𝟕𝟓𝟎,𝟎𝟎𝟎 𝐚𝐧𝐝 𝐍𝟑,𝟎𝟎𝟎,𝟎𝟎𝟎 𝐍𝐨𝐧-𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥-𝐟𝐫𝐞𝐞 𝐓𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐂𝐫𝐞𝐝𝐢𝐭 𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐢𝐞𝐬
𝟏) 𝐍𝐎𝐍-𝐈𝐍𝐓𝐄𝐑𝐄𝐒𝐓 𝐓𝐂𝐅
The CBN has introduced a 50 Billion Naira Non-Interest Targeted Credit Facility to support Households and MSEs in Nigeria.
Loan Amount: N500,000 and N750,000
Moratorium: Up to 12 Months
Tenor: Up to 36 Months
𝟐) 𝐍𝐎𝐍-𝐈𝐍𝐓𝐄𝐑𝐄𝐒𝐓 𝐀𝐆𝐒𝐌𝐄𝐈𝐒
The Non-Interest AGSMEIS Traders dealing in foodstuff, electronics, allied products, computers/phones, spare parts, building material, transportation, etc.
Loan Amount: Up to N3,000,000
Moratorium: Up to 12 Months
Tenor: Up to 36 Months
𝐍𝐨𝐭𝐞:
1. If you have benefited from the COVID-19 TCF, you're not eligible for the new non-interest TCF. However, you are eligible to apply for the Non-interest AGSMEIS of N3,000,000.
2. If you have already benefited from the regular AGSMEIS programme, you are also not eligible to apply for the new non-interest AGSMEIS. However, you can apply for the non-interest TCF of N500,000 or N750,000.
3. While the application for the non-interest TCF of N500,000 or N750,000 has no special requirements, application for the regular and Non-interest AGSMEIS of N3,000,000 requires applicants to undergo compulsory short business training, certification and business plan from CBN approved Enterprise Development Institutes (EDIs).
4. To apply for N500,000 Non-Interest Targeted Credit Facility [Household], click http://nibloans.nmfb.com.ng/noninterestlendingtcfhousehold
5. To apply for N750,000 Non-Interest Targeted Credit Facility [SME], click http://nibloans.nmfb.com.ng/noninterestlendingtcfsme
For the N3,000,000 Non-Interest and collateral-free AGSMEIS facility, see more details and how to apply through an EDI at http://bitly.com/tenloan
Kindly join our social media channels at villaupdates.ng for live questions and answers
NIRSAL MFB - Credit Application Portal. Household TCF, SME TCF, Commercial Loan, Non-Interest TCF (Household, SME and AGSMEIS)