CBN’s AGSMEIS Loan with Zero Collateral: Requirements & Application

CBN’s AGSMEIS Loan with Zero Collateral: Requirements & Application Unleash Your Business Potential: An Expert Guide to CBN’s AGSMEIS Zero Security Loans

Get the latest information on CBN’s AGSMEIS Zero Security Loan. Learn about the requirements and the step-by-step application process. Boost your small or medium business with a loan of up to N10m at 9% APR, 7 years tenure and 18 months moratorium.

Are you an aspiring entrepreneur in Nigeria looking to fund your business dream?

Stop looking! The Central Bank of Nigeria has enabled SMEs (Micro, Small and Medium Enterprises) to obtain unsecured loans designed to increase employment and promote sustainable economic growth in the country.

With over N95 billion disbursed, it is time to explore if the AGSMEIS loan is right for you.

What You Need to Know About CBN’s AGSMEIS Loan

  • The AGSMEIS loan offers up to N10 million with 9% yearly interest, a 7-year term and an 18-month moratorium.
  • Businesses in all areas of the agricultural value chain and in the manufacturing, mining and petrochemical sectors are eligible. Service-based MSMEs, especially in creative, ICT and other approved industries, can also apply.

Requirements for  CBN AGSMEIS Loan

  • Registered business with CAC
  • Certification from an EDI
  • BVN
  • Passport photo and a guarantor
  • Valid I.D. card

Complete Guide to Loan Application

  1. Complete Entrepreneurship Training: To receive the loan, applicants must complete a one-week training program at the Oko-Oba Agege/EDI Centre in Lagos, certified by NIRSAL MFB (EDI).

  2. Apply Online: After receiving training and obtaining a certificate of completion, apply for the loan online through the NIRSAL MFB portal.

  3. Review and Interview: Once your application is submitted, it will be reviewed by the CBN, and you may be contacted for an interview about your business.

  4. Receive Funds: If approved, the loan amount will be transferred to your NMFB account. The purchase of equipment/machinery will be handled by a certified vendor, while working capital can be accessed through your account after meeting terms and restrictions.

Disbursement and utilization of loans

If approved, the loan amount will be deposited into your NIRSAL MFB account, while the purchase of equipment/machinery will be processed by one of NIRSAL MFB’s certified suppliers. Working capital will be available through your account once you meet all terms and conditions.

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If you do not meet the qualifications, feedback will be provided for improvement.

Don’t let a lack of security stop you from turning your business ideas into reality. Take advantage of this exciting opportunity and unleash your potential with CBN’s AGSMEIS loan.

In conclusion, the CBN AGSMEIS loan is a perfect opportunity for SMEs to unlock the potential of their agricultural business and contribute to the growth of the Nigerian economy. Don’t miss this opportunity to take your business to the next level.

Apply Here

CBN’s AGSMEIS Loan with Zero Collateral: Requirements & Application
CBN’s AGSMEIS Loan with Zero Collateral: Requirements & Application

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