September 18, 2021

Ukraine Breaking News

Ukraine Breaking News | The Latest News In Ukraine

APPLY NOW FOR YOUR COVID 19 CBN LOAN FOR SMEs

The CBN COVID 19 loan application is given for vulnerable COVID 19 intervention in the country.

Household demand is currently closed, however SME demand is still ongoing.

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

Bank Nigeria Apex, the Central Bank of Nigeria (CBN) has established the N50 billion COVID-19 TCF for households and SMEs to mitigate the harsh economic impact of the coronavirus pandemic currently in the country.

However, the CBN loan application portal is open for entry and thousands of applicants have already applied.

To begin with, we would like to look into the acceptable type of business, please note that the sectors listed below are not limited and you shouldn’t get tired if your sector is not listed.

  • Businesses acceptable for entry to the CBN loan application portal
  • Agricultural activities of the value chain,
  • Manufacturing industries and cottages,
  • Artisans,
  • Services,
  • Trade and commerce in general,
  • Renewable energy or energy efficient products and technologies, e
  • Any other income generating projects prescribed by the CBN.

REQUIREMENTS FOR THE COVID 19 CBN LOAN

Here are the requirements for the CBN COVID 19 loan application for SMEs

  • Company registered with CAC
  • Proof of tax payment
  • BVN
  • Cover letter
  • Passport photo of you and guarantor
  • Valid identity card

THE 2021 CBN LOAN APPLICATION PORTAL (HOW TO APPLY)

Below are the steps to follow to apply for the COVID 19 CBN loan.

Also, it is important to know that the steps you followed 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 later, you will confirm receipt of the application.

THE 2021 CBN LOAN APPLICATION PORTAL (HOW TO APPLY)

Here are the steps to apply for the COVID 19 CBN loan.

In the meantime, it is important to know that the steps you followed 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 later, you will confirm receipt of the application.

Conditions necessary for applying for a CBN COVID 19 loan

  • Flexible and mobile warranty options must be
    admitted and registered in the Register of guarantees
  • Forfeiture commitment and power of attorney
    contract to be signed by the customer, giving to NMFB
    takeover rights on pledged assets in the event of a loan
  • Insurance coverage on the asset financed or on the asset used
    as a flexible guarantee, with the NMFB noted as the first
    beneficiary of the loss.
  • The loan amount must match the loan repayment schedule e
    purpose of the loan.
  • Domiciliation of proceeds with NIRSAL Microfinance
    Bank

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