• About Us
  • Advertise with Us
  • Contact Us
Wednesday, March 29, 2023
GoldenNewsNG
No Result
View All Result
  • Home
  • News
    I Was Supposed To Be An Entertainer – Gov Adeleke

    I Was Supposed To Be An Entertainer – Gov Adeleke

    WAEC and JAMB Subject Combinations for Theatre Arts Courses

    WAEC and JAMB Subject Combinations for Theatre Arts Courses

    Fire Burns Down Popular Lagos Market

    Fire Burns Down Popular Lagos Market

    42 Drums Of Crude Oil Recovered From Thieves In Abia By The NSCDC

    42 Drums Of Crude Oil Recovered From Thieves In Abia By The NSCDC

    Latest NPower News, NPower Payment News Today 28th March 2023

    Latest NPower News, NPower Payment News Today 28th March 2023

    Direct Link To Apply For Nigeria Navy Basic Training School Batch 35 Recruitment

    Direct Link To Apply For Nigeria Navy Basic Training School Batch 35 Recruitment

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
  • Home
  • News
    I Was Supposed To Be An Entertainer – Gov Adeleke

    I Was Supposed To Be An Entertainer – Gov Adeleke

    WAEC and JAMB Subject Combinations for Theatre Arts Courses

    WAEC and JAMB Subject Combinations for Theatre Arts Courses

    Fire Burns Down Popular Lagos Market

    Fire Burns Down Popular Lagos Market

    42 Drums Of Crude Oil Recovered From Thieves In Abia By The NSCDC

    42 Drums Of Crude Oil Recovered From Thieves In Abia By The NSCDC

    Latest NPower News, NPower Payment News Today 28th March 2023

    Latest NPower News, NPower Payment News Today 28th March 2023

    Direct Link To Apply For Nigeria Navy Basic Training School Batch 35 Recruitment

    Direct Link To Apply For Nigeria Navy Basic Training School Batch 35 Recruitment

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
Golden News
No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
Home LOAN & INVESTMENT

List of CBN Interest-Free Loan 2023 – How to Apply

Enudi Golden by Enudi Golden
February 5, 2023
in LOAN & INVESTMENT, Featured, Headline
Reading Time: 4 mins read
List of CBN Interest-Free Loan 2023 - How to Apply
14
SHARES
FacebookShareTwitterShareWhatsappShareTelegramShare

List of CBN Interest-Free Loan 2023: The Central Bank of Nigeria (CBN) provides various intervention funds to support the development of different sectors of the Nigerian economy.

The Central Bank of Nigeria (CBN) Interest-Free Loan refers to a loan program offered by the CBN in Nigeria. This program is aimed at providing financing to specific target groups such as farmers, small and medium enterprises (SMEs), and low-income households, without charging interest. Instead, the loan is repaid with nominal processing fees and a profit margin for the participating financial institutions. The list of CBN Interest-Free Loan 2023 and details of the 2023 version of this loan program, such as eligibility criteria and application process can be accessed below.

 

READ ALSO

Full List of NMFB Branches To Get CBN Loan

Will NPower Program Continue After Buhari’s Administration ?

The Central Bank of Nigeria and NIRSAL have joined forces to launch an innovative loan program – the non-interest loan facility.

Designed to empower and support Nigerian households, AGSMEIS (Agriculture Gradual and Small Business Enterprise Scheme) and MSMEs (Micro, Small and Medium Enterprises), this loan offers a unique opportunity for those who fit the criteria to access financing without the constraints of traditional interest-based loans.

The Central Bank of Nigeria and NIRSAL have joined forces to launch an innovative loan program – the non-interest loan facility.

Designed to empower and support Nigerian households, AGSMEIS (Agriculture Gradual and Small Business Enterprise Scheme) and MSMEs (Micro, Small and Medium Enterprises), this loan offers a unique opportunity for those who fit the criteria to access financing without the constraints of traditional interest-based loans.

Household / SMEs – NON-INTEREST TARGETED CREDIT FACILITY (TCF-NI)

The TCF, or Non-Interest Targeted Credit Facility, is a ray of hope for Nigeria’s households and businesses – particularly the Micro, Small and Medium Enterprises – who’ve been hard hit by the COVID-19 pandemic.

These interest free grants are designed to provide much needed funding for businesses to get back on their feet, and to offer support to households still struggling to make ends meet.

Thinking about applying for TCF? Good news! The loan has a set limit of NGN 2.5 million with a repayment period of 3 years, giving you enough time to get back on your feet and grow your business. And during that time, you even have a 6-month moratorium where you can delay payments – a helpful breathing space in these trying times.

CBN Household

AGSMEIS – NON-INTEREST AGRI-BUSINESS, SMALL AND MEDIUM ENTERPRISE INVESTMENT SCHEME (AGSMEIS-NI)

The Non-Interest Agri-Business, Small and Medium Enterprise Investment Scheme, also known by its acronym AGSMEIS-NI, is a magnanimous endeavor initiated by the Federal Government of Nigeria to uplift the agricultural sector.

The central bank, CBN, plays a pivotal role in executing this funding scheme, which aims to revive the agricultural landscape, spur economic growth and alleviate unemployment. In short, AGSMEIS-NI is a beacon of hope for Nigeria’s agricultural businesses, a means to revitalize the economy, and an opportunity to empower the workforce.

AGSMEIS, though a prominent funding scheme, is not the only avenue available for businesses to secure financing. There exists an alternative in the form of non-floral products that adhere to the financial transaction principles of Islam.

These products offer a unique suite of features such as Murabaha and Ijarah, each tailored to cater to the growth and financial needs of businesses. Whether it’s raw materials, equipment or working capital, these non-floral products are a testament to the notion that there are alternative means of financing that not only abide by the principles of Islam but also support the growth and prosperity of businesses.

AGSMEIS-N has a financing limit of N10,000,000.00 with a tenor of 7 years

tenor (depending on the nature of the project). As an applicant, you may enjoy an added period of 6 months as a moratorium.

Important Link: AGSMEIS Loan Application

How To Apply For CBN Non-Interest Loan

If you want to apply for a CBN Non-interest loan for households and SMEs, here’s what to do:

  1. First, start by going to the NIRSAL microfinance website
  2. Next, tap on “Apply for Non-Interest Facility”. When you tap that, it will provide you with two options. These options are “NON-INTEREST TCF” and “NON_INTEREST AGSMEIS“. Click on the “NON-INTEREST TCF” tab.
  3. Once you tab the NON-INTEREST TCF tab, you will see two options: Household facility and SME facility. Pick the option that is most appropriate for you. Thereafter, you can start the registration properly.
  4. You will be asked if you are just a new applicant or returning to your previous application. If you are applying for the first time, select “New Applicant”.
  5. Next, move ahead to input your BVN. This will automatically produce some of your details. Fill in the empty fields required with your other details.

If your application is successful, you should receive a congratulatory message for applying successfully. If you have a business that you have registered with CAC, you can opt for the SME facility. You just need your business’ TIN number and other information related to the CAC registration.

Related Posts

Full List of NMFB Branches To Get CBN Loan
LOAN & INVESTMENT

Full List of NMFB Branches To Get CBN Loan

Will NPower Program Continue After Buhari's Administration ?
Npower

Will NPower Program Continue After Buhari’s Administration ?

10 Common Problems Students Face in University
Education

10 Common Problems Students Face in University

Latest NPower News, NPower Payment News Today 28th March 2023
Npower

Latest NPower News, NPower Payment News Today 28th March 2023

Direct Link To Apply For Nigeria Navy Basic Training School Batch 35 Recruitment
Jobs

Direct Link To Apply For Nigeria Navy Basic Training School Batch 35 Recruitment

How NPower is Contributing to Reducing Unemployment and Poverty in Nigeria
Npower

How NPower is Contributing to Reducing Unemployment and Poverty in Nigeria

Next Post
NPC Ad hoc Recruitment Training Update Today

How to Submit Your Bank Details on NPC Portal: Simple Guide

Leave a Reply Cancel reply

JUST IN

Full List of NMFB Branches To Get CBN Loan

Full List of NMFB Branches To Get CBN Loan

Ihedioha Back Down  From Imo Governorship Race

Ihedioha Back Down From Imo Governorship Race

Mercy Chinwo ‘Cut Ties’ With Minister GUC

Mercy Chinwo ‘Cut Ties’ With Minister GUC

To Promote My Song With Davido And Kizz Daniel I Spent N52 Million – Iyanya

To Promote My Song With Davido And Kizz Daniel I Spent N52 Million – Iyanya

What Tinubu Can Do To Stop Me From Becoming Senate President – Orji Kalu

What Tinubu Can Do To Stop Me From Becoming Senate President – Orji Kalu

I Was Supposed To Be An Entertainer – Gov Adeleke

I Was Supposed To Be An Entertainer – Gov Adeleke

Whitemoney Tenders Apology To Women Over Insensitive Comment

Whitemoney Tenders Apology To Women Over Insensitive Comment

Will NPower Program Continue After Buhari's Administration ?

Will NPower Program Continue After Buhari’s Administration ?

10 Common Problems Students Face in University

10 Common Problems Students Face in University

WAEC and JAMB Subject Combinations for Theatre Arts Courses

WAEC and JAMB Subject Combinations for Theatre Arts Courses

Follow us

Categories

  • Biafra
  • Big brother Titans
  • business
  • Crime
  • Education
  • Entertainment
  • Featured
  • General Information
  • Headline
  • Health
  • Insurance
  • Jamb & All Education News
  • Jobs
  • Lifestyle
  • LOAN & INVESTMENT
  • News
  • Npower
  • NYSC
  • Opinion
  • Politics
  • Relationship
  • Scholarship/ Opportunities
  • SPONSORED POST / GUEST POST
  • Sports
  • Technology
  • Tour
  • World News

Recent Posts

  • Full List of NMFB Branches To Get CBN Loan
  • Ihedioha Back Down From Imo Governorship Race
  • Mercy Chinwo ‘Cut Ties’ With Minister GUC
  • To Promote My Song With Davido And Kizz Daniel I Spent N52 Million – Iyanya
  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions

© 2022 Golden News

No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology

© 2022 Golden News

YOU WANT LATEST UPDATES?

JOIN OUR TELEGRAM CHANNEL NOW
X