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This post will guide you on how to Aπ©π©π₯π² ππ¨π« π§ππ° πππ ππππ,πππ, ππππ,πππ ππ§π ππ,πππ,πππ ππ¨π§-ππ§πππ«ππ¬π ππ§π ππ¨π₯π₯ππππ«ππ₯-ππ«ππ Business Loan
GoldenNewsNg learnt that that they are different category of the newΒ πππ ππ¨π§-ππ§πππ«ππ¬π ππ§π ππ¨π₯π₯ππππ«ππ₯-ππ«ππ Business Loan
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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 InformationΒ Β
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, youβre 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).
