CBN Power & Airlines Intervention Fund

CBN Power & Airlines Intervention Fund

Lender

Central Bank of Nigeria

Eligibility

This is a long term loan for the refinancing Aircraft Hangar projects, existing loans and leases of Power and Airline Projects. Working capital facility of one year with provision of roll over for a maximum of 5years.

Loan Limit

Maximum Limit: 70% of the total cost

Interest Rate

Maximum Interest Rate: 7 – 9% p.a

Max Tenor

Maximum Tenor: 15 years

Security Required

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

Documents Required

Request letter from the projects promoter
Last 3years Financials
6months account statement
Certificate of Incorporation
Copies of duly executed offer documents evidencing existence of facility
Feasibility study that includes the cash flow projections detailing the repayment schedule
Relevant permits
Off-take and other relevant agreements
Environmental impact assessment report
List of directors of the company

Other documents as may be required by the TA to facilitate the appraisal process

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
10 00010 000 000
160
050
 
 
 

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