Loan ApplicationUncategorized

Direct Application for N3 Million CBN Loan

Direct Credit for N3 Million CBN:

The Central Bank of Nigeria (CBN) is currently lending up to Direct Application for N3 Million CBN Loan to small and medium enterprises under the Agricultural Business, small and medium enterprises investment scheme (AGSMEIS).

Qualified departments / businesses

  • Agricultural & Agro-Allied Processing
  • Technology & Entertainment
  • Car Services
  • Fashion and Clothing
  • Dinner & Event Management
  • Courier & Delivery Service
  • Innovative industries
  • Apparels and Textiles
  • I.C.T
  • Cottage
  • Telecommunications
  • Hospitality
  • Health Services
  • Welding and fabrication
  • Animal Husbandry
  • Cosmetics, Beauty, and Makeup Artistry
  • Electrical and Electronics
  • POP and Tiling
  • Carpentry
  • Masonry
  • Kerbs and Electric Pole making

Modalities

Funding under the Plan must be to start, expand the business or revitalize the struggling companies.

Direct Application for N3 Million CBN Loan as follows:

Loan Amount: Up to N3,000,000

Profit: 5% per annum and 0% for non-profit AGSMEIS

Tenor: Up to 7 years (depending on the nature / time of gestation of the project)

Retirement: Average 18 months of principal and 6 months on interest.

To access the AGSMEIS loan, there are a number of conditions that must be met:

  • Job seekers must be trained by CBN Business Professionals
  • Development Institution (EDI)
  • Interested applicants will apply for a loan through EDI approved by the CBN
  • Application will be sent to the CBN via NIRSAL MFB by EDI for processing.
  • Eligible people will be contacted and loaned out

Fill out the form clearly with all the required details, sign it, and get their EDI updates.

Requirements either during application or before final approval / delivery

  • BVN
  • Certificate issued by a CBN certified EDI
  • Details of two (2) Guarantors
  • Valid ID card
  • A Business Plan provided by the EDI

How to Apply

Interested individuals should Click here to Apply 

Choose if you are new or existing applicant

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