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

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

No More Upkeep During Holidays – NELFUND Tells Students

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

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

Reps Seek Compulsory 5 Year service to Nigeria by Doctors before going abroad

Akwa Ibom Assembly Orders Sanctions Against Doctors Over Death of Pregnant Woman, Baby Three doctors at the Ikot Ekpene General...

Read moreDetails

No More Upkeep During Holidays – NELFUND Tells Students

NELFUND Clarifies Upkeep Loan Disbursement and Application Process

The Nigerian Education Loan Fund (NELFUND) has announced that upkeep loan disbursements will now be tied strictly to the academic...

Read moreDetails

Tinubu Commits ₦90bn to Support 400,000 Students Through NELFUND

Federal Govt Launches ₦50 Million Grant to Support Student Entrepreneurs

The Minister of Information and National Orientation, Alhaji Mohammed Idris, has announced that President Bola Tinubu has committed over ₦90...

Read moreDetails

Niger Governor Bans Pastors and Public Preachers From Preaching in Public

Niger state governor ban public preaching

The Niger state government has ignited a fresh controversy after ordering a ban on all forms of public religious preaching...

Read moreDetails

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates ( APPLY NOW)

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates Stanbic IBTC Holdings PLC, the parent company of Stanbic Bank, has...

Read moreDetails

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

FG to train 2,000 Nigerian youths in electric vehicle skills The Director General of the Youth in Parliament Forum, Tony...

Read moreDetails

Nigeria Risks “Lost Generation” as 80 Million Youths Jobless, 1,500 Schools Shut

NGO warns 80m Nigerian youths unemployed, 1,500 schools shut

Nigeria’s youth population, the largest in Africa, has long been described as the nation’s greatest asset. But rising unemployment, worsening...

Read moreDetails

How to Report MisReport Misbehavior of Soldiers behavior of Soldiers to the Nigerian Army

How to Report Misbehavior of Soldiers to the Nigerian Army

The Nigerian Army is one of the strongest and most respected military forces in Africa. Its soldiers and officers have...

Read moreDetails

How to Report Police Misconduct in Nigeria

Report Police Misconduct

How to Report Police Misconduct in Nigeria Police brutality and misconduct remain pressing concerns in Nigeria, despite repeated promises of...

Read moreDetails

FG allocates N1.85bn for Chibok Girls

FG allocates N1.85bn for Chibok Girls

FG Approves ₦1.85bn for Education, Rehabilitation of Rescued Chibok Girls   The Federal Government has approved a financial intervention of...

Read moreDetails
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

Reps Seek Compulsory 5 Year service to Nigeria by Doctors before going abroad
Headline

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

NELFUND Clarifies Upkeep Loan Disbursement and Application Process
Education

No More Upkeep During Holidays – NELFUND Tells Students

Federal Govt Launches ₦50 Million Grant to Support Student Entrepreneurs
Education

Tinubu Commits ₦90bn to Support 400,000 Students Through NELFUND

Niger state governor ban public preaching
Headline

Niger Governor Bans Pastors and Public Preachers From Preaching in Public

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates
Education

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates ( APPLY NOW)

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing
Headline

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

NGO warns 80m Nigerian youths unemployed, 1,500 schools shut
Headline

Nigeria Risks “Lost Generation” as 80 Million Youths Jobless, 1,500 Schools Shut

How to Report Misbehavior of Soldiers to the Nigerian Army
Daily Guides

How to Report MisReport Misbehavior of Soldiers behavior of Soldiers to the Nigerian Army

Report Police Misconduct
Crime

How to Report Police Misconduct in Nigeria

10 Richest Actors in Nigeria & Their Net Worth
Daily Guides

10 Richest Actors in Nigeria & Their Net Worth

© 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