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APPLY: CBN reopens N50bn COVID loan portal for households, businesses

APPLY: CBN reopens N50bn COVID loan portal for households, businesses
March 11
13:35 2021

The Central Bank of Nigeria (CBN)  is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting households and micro, small and medium enterprises (MSMEs) affected by the COVID-19 pandemic.

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The stimulus package, set up by the apex bank in March 2020, is disbursed through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Microfinance Bank.

Announcing the portal reopening in a tweet on Monday, NIRSAL Microfinance Bank (NMFB) said applicants must be households and MSMEs with verifiable evidence of livelihood adversely impacted by the coronavirus pandemic.

Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic are also eligible to apply.

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The interest rate on the facility will be nine percent per annum, working capital will be for a maximum period of one year, with no option for rollover.

The working capital to be offered to eligible businesses has been fixed at a maximum of 25 percent of the average of the previous three years’ annual turnover.

However, if the enterprise is not up to three years in operation, 25 percent of the previous year’s turnover will be offered.

Term loans have a maximum tenor of not more than 3 years with, at least, one-year moratorium.

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Households can access a maximum loan of N3 million while the loan amount to SMEs shall be determined based on the cashflow and industry/segment size of beneficiary, subject to a maximum of N25 million.

Interested applicants can access the loan application portal via this link.

309 Comments

  1. Saifullahi Muhammad
    Saifullahi Muhammad March 11, 23:46

    Thanks I need

    Reply to this comment
  2. kakuye
    kakuye March 12, 05:20

    This is a nice move by the gov,but d site is bad I have started d application but cannot finish nd submit pls wat could be d problem?

    Reply to this comment
  3. Benwisce
    Benwisce March 12, 07:29

    No Amount Is Too Small

    Reply to this comment
  4. Kingsfitz
    Kingsfitz March 12, 09:36

    Thanks for this wonderful platform

    Reply to this comment
  5. Sircole
    Sircole March 12, 11:25

    Why is it saying BVN does not exist

    Reply to this comment
  6. lawan grema
    lawan grema March 12, 11:55

    thanx

    Reply to this comment
  7. Junior
    Junior March 12, 12:56

    please i’m having issue with DOB format in the application for the household category

    Reply to this comment
  8. Jabulani007
    Jabulani007 March 12, 14:03

    Thank you i have applied but i just hope i get what i want so i can start my Uber business or order some goods from china to start selling

    Reply to this comment
  9. josiah sunday
    josiah sunday March 12, 14:37

    this is nice ,but u have work on ur serve so that people can apply with ease

    Reply to this comment
  10. Youngest Lunametric
    Youngest Lunametric March 12, 15:54

    I will be very grateful if the portal is on so that we can start to apply

    Reply to this comment
  11. Setho'o
    Setho'o March 12, 18:20

    Thank you I have applied waiting for positive result believe it will add value to myself and investing in fish farming.

    Reply to this comment
  12. Natural
    Natural March 12, 18:35

    Thanks for this opportunity

    Reply to this comment
  13. Babangida
    Babangida March 12, 20:14

    I ned your help i m intruble becouse i need money to help my farmiles

    Reply to this comment
  14. Onimisi
    Onimisi March 12, 22:14

    Thanks, I’m grateful for this loan

    Reply to this comment
  15. ST Richard
    ST Richard March 12, 22:16

    Thanks I have apply I hope I get what I want so that I can established my business

    Reply to this comment
  16. Onyeama
    Onyeama March 12, 23:24

    Every thing seem falling into order until I slot in my bvn number .then_ they say-somthing about non performing loan that I cannot proceed… But then am not with any outstanding loan presently… Can any clarify the issue for me?

    Reply to this comment
  17. Muhammed
    Muhammed March 13, 09:23

    I am full engaged in need of your loan

    Reply to this comment
  18. Zipporah
    Zipporah March 13, 10:28

    Please can I have the link,I want to apply

    Reply to this comment
  19. Bj
    Bj March 13, 10:29

    It’s telling me that bvn doesn’t exist. What could be the problem?

    Reply to this comment
  20. Ntasiri
    Ntasiri March 13, 14:33

    I will be glad if get this loan

    Reply to this comment
  21. Mujaheed
    Mujaheed March 13, 15:48

    Please help me 2 have some money to help my self on this farming season

    Reply to this comment
  22. Maureen
    Maureen March 13, 15:55

    08029110693
    Help me with the link please

    Reply to this comment
  23. Ogechi
    Ogechi March 13, 16:29

    Pls I want to apply for the loan

    Reply to this comment
  24. Val
    Val March 13, 22:21

    Please kindly send it to my whatapp 09037502827

    Reply to this comment
    • OMorogie Victoria
      OMorogie Victoria March 21, 10:54

      Good day everyone please can someone help me out with the link please so I can apply for loan if can’t talk here you can call me and let’s talk about it thanks you

      Contact number
      08139708741

      Reply to this comment
  25. Stanky
    Stanky March 13, 22:40

    please how do I register in the Covid19 portal so as to receive loan also what are the things required to register.

    Reply to this comment
  26. habiba musa
    habiba musa March 14, 05:18

    maidugari

    Reply to this comment
  27. Sunny
    Sunny March 14, 10:01

    You are probably not doing it well,chat me 08028438885

    Reply to this comment
  28. Paul
    Paul March 14, 11:53

    why is it saying BVN does not exist

    Reply to this comment
  29. Tundex
    Tundex March 14, 16:02

    Thank you and they congrats me when I opened it

    Reply to this comment
  30. Blessing
    Blessing March 15, 12:53

    Pls can someone help me with the link

    Reply to this comment
  31. Sam Emeka
    Sam Emeka March 17, 08:49

    Pls I need the link too, 08068822384

    Reply to this comment
  32. Emmanuel
    Emmanuel March 17, 10:56

    please how sure is the grants for so many sites has been posting about

    Reply to this comment
  33. SHANKA LEE
    SHANKA LEE March 17, 13:39

    PLS SOMEONE SHOULD SHARE THE LINK TO ME 07032093565.THANK YOU

    Reply to this comment
  34. Star
    Star March 19, 04:52

    Please someone should send me the link 08139383217

    Reply to this comment
  35. MATTH.
    MATTH. March 20, 10:51

    VERY GOOD FOR THE INFO

    Reply to this comment
  36. thankgod daniel
    thankgod daniel March 21, 12:47

    Nice one thanks FG off nigeria

    Reply to this comment
  37. Savosky
    Savosky March 26, 10:25

    Please good morning everyone I need the link for the loan also God bless u all. This is my contact both call and WhatsApp 09135256520

    Reply to this comment
  38. Jamb Form
    Jamb Form March 28, 21:43

    Pls I need the link too, 08068822384

    Reply to this comment
  39. EnginiaDan
    EnginiaDan March 31, 15:41

    Here is the link
    nmfb.com.ng/covid-19-support

    Reply to this comment
  40. Sani
    Sani April 04, 14:13

    Loan

    Reply to this comment
  41. princechimex
    princechimex April 20, 02:32

    Please link me up

    Reply to this comment
  42. Wils
    Wils April 29, 15:00

    Please I also need the link. 09133137947

    Reply to this comment
  43. Emm
    Emm June 23, 12:58

    Please i need the link..08141294604 thats my WhatsApp number

    Reply to this comment
  44. Andy
    Andy July 06, 08:41

    Please, help me with this link sir ….08051655874 – WhatsApp

    Reply to this comment
  45. Omowumi
    Omowumi July 09, 04:49

    08069734538,, needed

    Reply to this comment
  46. lugard
    lugard July 09, 16:55

    please help me with the link 07013921517

    Reply to this comment
  47. Umar Muhammad
    Umar Muhammad July 10, 22:20

    07033636008

    Reply to this comment
  48. Jeffire
    Jeffire July 16, 15:35

    Please I have being trying to download the form and it not responding. Pls this is my details.. Erumiseli Jeffrey Izuagbe, account number: 0031152945 access bank plc. 400000 naira loan is what I need to boost my business thanks.08052740078

    Reply to this comment
  49. Adolph
    Adolph July 25, 15:24

    Please help me with the link

    Reply to this comment
  50. sunday
    sunday July 27, 14:26

    pls i need the link

    Reply to this comment
  51. Don Richie
    Don Richie July 28, 21:28

    Beautiful opportunity. Thanks for sharing.

    Reply to this comment
  52. Haruna umar
    Haruna umar August 02, 00:03

    50000 i want please sir

    Reply to this comment
  53. smart
    smart August 02, 18:54

    pls help me with the like true my gmail

    Reply to this comment
  54. Vibez
    Vibez August 05, 00:46

    Can someone help me with the link pls
    09060167077
    WhatsApp line

    Reply to this comment
  55. Adigizi Francis
    Adigizi Francis August 06, 07:07

    Please, anyone with the link should help me with it, God bless you 08026865872

    Reply to this comment
  56. Debby
    Debby August 08, 22:08

    Pls link me to the portal

    Reply to this comment
  57. Kafama
    Kafama August 11, 12:21

    Thanks for the great opportunity.
    08146168664

    Reply to this comment
  58. reall king kunta
    reall king kunta August 11, 21:29

    Someone can help me please sir

    Reply to this comment
  59. kaybee001
    kaybee001 August 17, 13:47

    any update about the Covid 19 loan?

    Reply to this comment
  60. Ahmadu makama adams
    Ahmadu makama adams August 30, 14:19

    here is my whatsApp nu8mber 09077978511

    Reply to this comment
  61. Marblemania
    Marblemania August 31, 10:56

    Kindly drop the link please. 08066651282

    Reply to this comment
  62. lsaac
    lsaac September 03, 08:58

    hi
    l need help with the link to get the covid 19 loan on my email; pls [email protected] or 08155635335

    Reply to this comment
  63. Chris
    Chris September 06, 09:30

    I need the link 08062115897

    Reply to this comment
  64. Adamu Musa
    Adamu Musa September 06, 11:11

    07035631008 link I need please

    Reply to this comment
  65. Chommy
    Chommy September 06, 17:09

    Please I need the link to this loan if u have gotten it already WhatsApp me 08138422542

    Reply to this comment
  66. chifo
    chifo September 08, 00:09

    Good idea. Kindly link me up on my WhatsApp pls 07035104486.

    Reply to this comment
  67. Helen
    Helen September 09, 09:48

    I need the link too
    No 09075271563

    Reply to this comment
  68. Ayo
    Ayo September 09, 22:03

    Please l also need the link to appply

    Reply to this comment
  69. Baba Alh.
    Baba Alh. September 12, 11:09

    Interesting with the program

    Reply to this comment
  70. Daniel
    Daniel September 14, 23:16

    Please I need assistance to forward my education so please i need the link please 🙏💕.

    Reply to this comment
  71. Isah Mohammed
    Isah Mohammed September 15, 17:55

    What happening

    Reply to this comment
  72. Abbakar
    Abbakar September 20, 09:25

    I’m interested

    Reply to this comment
  73. Okibe Benedict mbam
    Okibe Benedict mbam September 20, 22:39

    Please someone should send me the link

    Reply to this comment
  74. Umar
    Umar September 20, 23:41

    I believ

    Reply to this comment
  75. Loverth sevelina
    Loverth sevelina September 22, 12:39

    God bless u all, pls help me with God love. 08028470055

    Reply to this comment
  76. muhammadabdullahiharuna08@gmail.com
    [email protected] September 24, 11:49

    Joint

    Reply to this comment
  77. yahaya adam almahir
    yahaya adam almahir September 25, 08:49

    I dont see my aproval

    Reply to this comment
  78. Nnamdi
    Nnamdi October 01, 08:32

    please someone should send me the link via 08064373128 thanks

    Reply to this comment
  79. Kabir musa
    Kabir musa October 01, 13:01

    I need the money for my business

    Reply to this comment
  80. joe
    joe October 07, 18:07

    i need the lick pls to apply for the loan pl 08037727265 my whataap thank

    Reply to this comment
  81. Merlin
    Merlin October 10, 15:36

    Am in need of a sponsor for starting my business please capital is needed by me

    Reply to this comment
  82. Haliru abdullahi
    Haliru abdullahi October 14, 17:53

    Business

    Reply to this comment
  83. Jibrin
    Jibrin October 16, 18:07

    Please help me with the link

    Reply to this comment

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