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

How to Access CBN Loan at 5% Interest Rate Per Annum without Collateral

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, Scholarship/ Opportunities
Reading Time: 3 mins read
How To Apply for CBN AGSMEIS Loan without Collateral
49
SHARES

READ ALSO

DESOPADEC set to Commence N50,000 Bursary Payment

Apply Now: Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women

Advertisements

How to Access CBN Loan at 5% Interest Rate Per Annum without Collateral

Do you know that you can access the N10 million CBN AGSMEIS 5% Loan? Have you been searching for the CBN Loan 2022? If your answer is yes then you have to go through this post to know how you can apply for this loan from CBN.

What is Agric Small and Medium Enterprise Scheme (AGSMEIS) CBN Loan?

The Agric Small and Medium Enterprise Scheme (AGSMEIS) is an initiative of the Central Bank of Nigeria. CBN AGSMEIS Loan 2022 application is currently ongoing – Apply here! With the CBN AGSMEIS Loan, you can access up to N10M at 5% per year from the Agric, Small and medium enterprise scheme (AGSMEIS), an initiative from Central Bank of Nigeria (CBN); this is without collateral.

READ ALSO: Federal Government Grant Available in 2022 and How to Apply Online

AGSMEIS is an initiative of the Bankers’ Committee in a bid to support and complement the Federal Government’s efforts at promoting Agri-businesses/Small and Medium Enterprises as a vehicle for sustainable economic development and employment generation.

It is a voluntary initiative of the Bankers’ Committee approved at its 331st meeting held on 9th February, 2017. The Scheme requires all banks in Nigeria to set aside 5% of their profit after tax (PAT) annually.

The initiative is to support the Federal Government’s efforts and policy measures for the promotion of Agricultural Businesses, Small and Medium Enterprises (SMEs) as vehicles for sustainable economic development and employment generation.

CBN AGSMEIS Loan Eligibility Criteria

  • Interested applicant must have been trained by an Entrepreneur Development Institute (EDI)
  • Interested applicant will apply for loan via an EDI
  • The applications will then be sent to CBN for processing
  • Applicants will be called for an interview regarding his/her business.
  • Those qualified will be contacted and given the loan.
  • Fill clearly the new form with all the details required , sign and get them authenticated by EDC – http://www.edcsouthwest.org/

Important Notice: Please note that applicants who submitted last year and was sent a link to provide further details before the last requirements came out do not need to re-submit again. Maximum loan is 10 million naira; Interest rate is 5% per annum; Tenor is 7 yrs and Moratorium is 18 months.

 

How To Apply for CBN AGSMEIS Loan without Collateral

Take the steps below to apply for the CBN Loan Application Form 2022.

Step 1 : Get Trained: Attend a one week compulsory training at a CBN certified Entrepreneurship Development Institute (EDI). You can check the list of CBN EDC Centers in Nigeria.

Step 2 : Apply For Loan: The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan. Note that, you can get the current application form from the CBN EDC that trained you.

Step 3 : Receive Funds: Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 4 : Get Business Support Services: The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.

Step 5 : Make Sales: Sell products and services to pay back loan and make profit.

Step 6 : Repay Loan: Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.

Apply Here

We believe this article was helpful, kindly share this information with your friends and family using any of the social media buttons below. Best Wishes!!

 

 

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

Jamb 2022 Latest News Today 9 April 2022: 2022 UTME Mock Exam Holds Today

Next Post

Good News : FG Commence Payment of NPower January 2022 Stipends 

Related Posts

DESOPADEC set to Commence N50,000 Bursary Payment

DESOPADEC Begins N50,000 Bursary Payouts in August

DESOPADEC to Begin Bursary Payment and Commission Completed Projects Across Delta Communities GoldenNewsNg reports that the Delta State Oil Producing...

Read moreDetails

Apply Now: Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women

Hard Skills Mentorship Programme Empowers Young Nigerian Women

Apply Now for Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women following the guidelines below.. Are you a...

Read moreDetails

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards as FX Liquidity Improves GoldenNewsNg reports that after nearly three years...

Read moreDetails

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme More than 51,000 poor and vulnerable residents...

Read moreDetails

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Apply for the FG and Amazon Web Services Digital Skills Program for Nigerians.   GoldenNewsNg reports that the Federal Ministry...

Read moreDetails

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

Lagos State TESCOM Teachers Recruitment 2025

Lagos State Teachers Recruitment 2025 - The Lagos State Government is planning to restore the discipline, structure, ethics, and investments...

Read moreDetails

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows

FG Partners DBN To Provide Grants To 3MTT Nigeria Fellows

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows In a strategic move to empower Nigeria’s tech...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 5th July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

Abuja, FCT – The Federal High Court in Abuja has ordered the Senate to immediately recall Senator Natasha Akpoti-Uduaghan, representing...

Read moreDetails

Tensions Rise as Court Finds Senator Natasha Guilty of Contempt in Civil Case Against Akpabio

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

The Federal High Court in Abuja has found suspended Senator Natasha Akpoti-Uduaghan, who represents Kogi Central, guilty of contempt of...

Read moreDetails
Load More
Next Post
Good News: NPower Recovers Money To Pay 8 Months Beneficiaries Debt

Good News : FG Commence Payment of NPower January 2022 Stipends 

SEARCH ADS

Latest Posts

Education

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

DESOPADEC Begins N50,000 Bursary Payouts in August
Education

DESOPADEC set to Commence N50,000 Bursary Payment

Hard Skills Mentorship Programme Empowers Young Nigerian Women
Headline

Apply Now: Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women

Nigerian Banks Resume International Transactions on Naira Debit Cards
business

Nigerian Banks Resume International Transactions on Naira Debit Cards

Headline

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians
Headline

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Lagos State TESCOM Teachers Recruitment 2025
Headline

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

FG Partners DBN To Provide Grants To 3MTT Nigeria Fellows
Headline

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX
business

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension
Headline

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

© 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