CBN Covid 19 Loan Application Form And Portal 2020

The information contained on this post will help all the interested Nigerians to apply for CBN Covid 19 loan. It has been made known that the central bank of Nigeria approved 50 billion naira for covid 19 load which will be disbursed to those who applied. It will serve as a stimulus package to support households, micro, small and medium enterprises that have a verifiable evidence of livelihood adversely impacted by covid-19.

nmfb.com.ng portal is activated to accept covid 19 loan application form but before you proceed to the application portal, read below to get more insight of what it is all about and how to benefit from it.

More about CBN Covid 19 Loan 2020

The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.

These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.

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In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

You must state howCOVID-19 pandemic affected your household or business if you want to be successful in the application processes.

How to apply for CBN COVID-19 Loan Online

Households with verifiable evidence of livelihood adversely impacted by COVID-19 can apply for “household” loan while existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic can apply for microenterprises or SMEs.

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To apply visit the official application portal https://nmfb.com.ng/covid-19-support

Choose the category you want to apply for and proceed to submit all the required information and submit your application.

Cbn covid 19 loan is real, avail yourself the opportunity to apply and stand a chance of obtaining an interest free loan from central bank of Nigeria through Nirsal Microfinance Bank.