You are currently viewing CBN Micro, Small and Medium Enterprises Development Scheme

CBN Micro, Small and Medium Enterprises Development Scheme

Lender

Central Bank of Nigeria

Eligibility

This scheme is for all businesses involved in the Agric value chain, Real sector including manufacturing, mining and petrochemicals and service sectors.

Loan Limit

Maximum limit N50M

Interest Rate

Maximum Interest Rate: 9% p.a
Moratorium available

Max Tenor

Maximum Tenor: 4 years

Security Required

Minimum Equity Contribution-30% of total project cost plus any of legal mortgage, all assets debentures, personal guarantor

Documents Required

Customer’s request letter
Company registration
Cashflow analysis
Audited financials (if applicable)
Valuation report of property to be pledged as collateral

Legal mortgage over suitable property to be pledged as collateral

Approval Time

About Four (4) months from the time you submit all the required documentation

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
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