Direct Link to Access up to 3 Million Naira CBN Loan 2022

Direct Link to Access up to 3 Million Naira CBN Loan 2022 can be accessed below.

 

 

Newsonline reports that the Central Bank of Nigeria is currently providing unsecured loans (collateral-free loan) of up to N3,000,000 (three million Nairas) to small businesses under a scheme called the Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS). if you’re interested, read this guide and see link at the end of this article.

 

Eligible sectors/businesses

 

• Agriculture & Agro-allied Processing
• Art & Entertainment
• Automobile Services
• Fashion and Dressmaking
• Catering & Event Management
• Courier & Delivery Services
• Creative Industry
• Apparels and Textiles
• I.C.T
• Cottage
• Telecommunications
• Hospitality
• Health Services
• Welding and fabrication
• Animal Husbandry
• Cosmetics, Beauty, and Makeup Artistry
• Electrical and Electronics
• POP and Tiling
• Carpentry
• Masonry
• Kerbs and Electric Pole making

Modalities

Funding under the Scheme must be for start-ups, business expansion or revitalization of struggling companies. The loan conditions will be as follows:

• Loan amount: Up to N3,000,000
• Interest: 5% per annum for regular and 0% for non-interest AGSMEIS
• Tenor: Up to 7 years (depending on nature/gestation period of the project)
• Moratorium: Maximum of 18 months for principal and 6 months on interest.

To access the AGMEIS loan, there are some conditions that must be met:

 

Interested Applicants must undergo training by a CBN certified Entrepreneurship

• Development Institution (EDI)
• Interested Applicants will apply for the loan through the CBN accredited EDI
• The application will then be sent to CBN through NIRSAL MFB by the EDI, for processing.
• Those qualified will be contacted and given the loan.
• Fill clearly the form with all the details required, sign, and get them authenticated by the
  EDI.

Requirements either during the application or before final approval/disbursement

• BVN
• Certificate issued by a CBN certified EDI
• Details of two (2) Guarantors
• Valid ID card
• A Business Plan provided by the EDI

How to Apply
Interested individuals should Click here to Apply

Choose if you are a new or existing applicant