A𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐧𝐞𝐰 𝐂𝐁𝐍 𝐍𝐨𝐧-𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥-𝐟𝐫𝐞𝐞 Business Loan

A𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐧𝐞𝐰 𝐂𝐁𝐍 𝐍𝐨𝐧-𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥-𝐟𝐫𝐞𝐞 Business Loan

This post will guide you on how to A𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐧𝐞𝐰 𝐂𝐁𝐍 𝐍𝟓𝟎𝟎,𝟎𝟎𝟎, 𝐍𝟕𝟓𝟎,𝟎𝟎𝟎 𝐚𝐧𝐝 𝐍𝟑,𝟎𝟎𝟎,𝟎𝟎𝟎 𝐍𝐨𝐧-𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥-𝐟𝐫𝐞𝐞 Business Loan

GoldenNewsNg learnt that that they are different category of the new  𝐂𝐁𝐍 𝐍𝐨𝐧-𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥-𝐟𝐫𝐞𝐞 Business Loan

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.

Meanwhile 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

Important Information  

1. These facilities are not cash based, as the CBN will only pay approved loan amounts to their own appointed Vendors to supply you with requested items to start or support your business.

2. 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.

3. 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.

4. Application for the non-interest TCF of N500,000 has no special requirements

5. Application for N750,000 requires business name, RC number and Tax Identificationnumber (TIN).