GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

CBN COVID-19 Loan News For Household/SMEs (CBN Loan Application Portal 2021)

Enudi Golden by Enudi Golden
January 11, 2024
in business, Headline, News
Reading Time: 3 mins read
Why NIRSAL CBN is not approving your CBN COVID-19 loan
113
SHARES
Advertisements

CBN COVID-19 Loan News For Household/SMEs (CBN Loan Application Portal 2021)

The CBN COVID 19 Loan Application is given for the intervention of COVID 19 vulnerable in the country.

The Household application is currently closed, however, the SMEs application is still ongoing.

READ ALSO

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

Over 100 killed as Deadly floods hit Popular Market in Nigeria

To apply go to the website via https://nmfb.com.ng/covid-19-support/

GoldenNewsNg report that the  Central Bank of Nigeria instituted the N50 billion COVID-19 TCF  for households and SMEs to mitigate the harsh economic impact of the coronavirus pandemic currently in the country.

As we write, thousands of Nigeria have already applied for the loan and according to a statement issued by the Director, that all loans approved will be disbursed 48hour after approval of the CBN COVID 19 Loan.

Currently, the CBN Loan Application portal is open for entry and thousands of applicants have already applied.

In this article, I will show you how to apply for the CBN COVID 19 Loan for Household and SMe.

Firstly, we would like to look at the type of business that is acceptable, kindly note that the industries listed below are not limited and should not be weary if your industry is not listed.

Acceptable Businesses for the CBN Loan Application portal Entry

  • Agricultural value chain activities,
  • Manufacturing & Cottage Industries,
  • Artisans,
  • Services,
  • Trade and general commerce,
  • Renewable energy or energy-efficient products and technologies, and
  • Any other income-generating projects as may be prescribed by the CBN.

Requirements for the CBN COVID 19 Loan

Listed below are the requirements for the CBN COVID 19 Loan application for SMes

  • Registered business with CAC
  • Evidence of tax payments
  • BVN
  • Letter of Introduction
  • Passport photo of you and guarantor
  • Valid ID card

CBN Loan Application portal 2021 (How to Apply)

Below are steps you should take to apply for the CBN COVID 19 Loan.

  1. Firstly, visit NIRSAL microfinance website via https://nmfb.com.ng/covid-19-support/
  2. Locate Household or SMEs
  3. Click on Apply button
  4. Fill the application form and submit

Meanwhile, it is important to know that the steps you took above are the first step, once your application is approved, you will be contacted to verify your BVN through the website https://covid19.nmfb.com.ng/SmeLoan thereafter, you will acknowledge the receipt of the application.

Conditions for necessary for the CBN COVID 19 Loan Application

  • Flexible and moveable collateral options shall be
    admitted and registered under the Collateral Registry
    Bureau.
  • Forfeiture Undertaking and Power of Attorney
    agreement to be signed by the customer, giving NMFB
    rights to take over pledged assets in the instance of loan
    default.
  • Insurance cover on the asset financed or asset availed
    as flexible collateral, with the NMFB noted as the first
    loss payee.
  • Loan amount must match loan repayment plan and
    loan purpose.
  • Domiciliation of proceeds with NIRSAL Microfinance
    Bank

 

 

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Lai Mohammed-backed factional Kwara APC re-elects Bolarinwa

Next Post

Confusion As Enugu APC Conducts Multiple Factional State Congresses

Related Posts

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan   The Federal Government has confirmed that students...

Read more

Over 100 killed as Deadly floods hit Popular Market in Nigeria

100 killed as Deadly floods hit Popular Market in Nigeria

Over 100 killed as Deadly floods hit Popular Market in Nigeria Mokwa, Niger State, Nigeria — More than 100 people...

Read more

Grant for Women in Engineering – Apply for Delt-Her Women Empowerment Program 2025

Delt-Her Women Empowerment Program 2025

Apply for Delt-Her Women Empowerment Program 2025 following the guidelines below...   Developing Engineering Leaders Through Her (DELT-Her) is an...

Read more

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025 Deadline

YEIDEP Grant Hits 5.1 Million Applicants

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025, Deadline   The Youth Economic Intervention and De-Radicalization...

Read more

How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide

RRR/NSR 75K Cash Transfer Form

 How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide Are you looking to benefit from the...

Read more

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)   With millions of Nigerians living below the...

Read more

₦75,000 CCT Process Begins – Check If You’re Eligible!

₦75,000 CCT Process Begins - Check If You’re Eligible!   Lagos State is leading the way in rolling out the...

Read more

Two Years Anniversary: Niger CAN Congratulates Gov. Bago

Rt. Hon. Umar Bago The Chairman Christian Association of Nigeria Niger state chapter, Most Reverend Dr. Bulus Dauwa Yohanna has...

Read more

Flood claims over 20 lives in Niger communities

Victim ...Woman, 2 children rescued, 10 persons still missing   Following a heavy downpour that occurred on Thursday, no fewer...

Read more

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

FG Announces N45K Monthly Stipend for Technical College Students GoldenNewsNg reports that the Federal Government has announced a new policy...

Read more
Load More
Next Post
Confusion As Enugu APC Conducts Multiple Factional State Congresses

Confusion As Enugu APC Conducts Multiple Factional State Congresses

SEARCH ADS

Latest Posts

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan
Education

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

100 killed as Deadly floods hit Popular Market in Nigeria
News

Over 100 killed as Deadly floods hit Popular Market in Nigeria

Delt-Her Women Empowerment Program 2025
Headline

Grant for Women in Engineering – Apply for Delt-Her Women Empowerment Program 2025

YEIDEP Grant Hits 5.1 Million Applicants
Jobs

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025 Deadline

RRR/NSR 75K Cash Transfer Form
Headline

How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)
business

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

News

₦75,000 CCT Process Begins – Check If You’re Eligible!

News

Two Years Anniversary: Niger CAN Congratulates Gov. Bago

Headline

Flood claims over 20 lives in Niger communities

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know
Education

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News