Have you heard about the NIRSAL Microfinance Bank COVID-19 Central Bank of Nigeria Loan? The CBN COVID-19 Loan Application Form Portal through NIRSAL Microfinance Bank is on-going interested and qualified applicants can hurry up now and begin application.
Note- The CBN Covid-19 support fund is not free money or grant, it is a low-interest loan set to support households and business owners who have been affected by the Coronavirus pandemic.#
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Categories of CBN Covid-19 Loan
For Household:
- FACILITY TYPE: Term Loan
- SINGLE OBLIGOR LIMIT: N3m
- LOAN TENOR: Maximum of 36 months
- MORATORIUM: At least 12 months
- PRICING: 5% per annum till February 28, 2021, and 9% subsequently
- REPAYMENT STRUCTURE: Installment basis, according to the nature of the enterprise
For SMEs:
- FACILITY TYPE: Term Loan
- SINGLE OBLIGOR LIMIT: N25m
- LOAN TENOR: Maximum of 36 months
- MORATORIUM: At least 12 months
- PRICING ……?
- REPAYMENT STRUCTURE: Installment basis, according to the nature of the enterprise
The interest rate under the intervention is 5% per annum. (all-inclusive) up to 28th February 2021 and thereafter, the interest in the facility will revert to 9% p.a. (all-inclusive) as from 1st March 2021.
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How to Register/Apply for NIRSAL CBN COVID-19 Loan 2020
OFFLINE APPLICATION PROCESS:
All interested applicants are to visit the NIRSAL Microfinance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN COVID-19 Loan.
ONLINE APPLICATION PROCESS
- Visit https://nmfb.com.ng/on your phone, your tablet or your laptop.
- Fill in the correct details
- Submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic.
- Approval
- We review your application and forward the application to the CBN for final approval.
- Disbursement
- CBN reviews applications and gives final approval for disbursement to NMFB
DISCLAIMER BY NIRSAL MICROFINANCE BANK FOR THE LOAN APPLICATION
Nirsal Microfinance Bank (NMFB) Loan by CBN for COVID-19
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Pls I need a help … A made a mistake in filling out my bank details… Instead of my bank name … I wrote my own full name… But my account number was correct.. Have been trying to call their customer care line they are not picking up.. So also have been trying to mail them … They aren’t replying.. Any help plssss
keep on checking it,they will reset it for you