CBN Covid-19 Loan – Disbursement Still in progress  

CBN Covid-19 Loan – Disbursement Still in progress: The CBN Covid-19 Loan is still in progress for all those who have not applied. If you are interested in this Loan then read this article carefully. It will give you all the information you need about the CBN Covid-19 Loan.

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It is known that NIRSAL Microfinance Bank started disbursing the Covid-19 loan to all applicants who applied in June 2020. But still, yet, a lot of applicants have not received any alert. The good news is, there is still hope for all those applicants.

It should be in your best interest to know that CBN Covid-19 Loan is still in progress, a lot of applicants are still receiving alerts as disbursement of cash is still ongoing.

All applicants yet to receive alert should always check their Email or SMS inbox for any alert or info. The loan disbursements would be determined based on the activity, cash-flow, and industry size of the beneficiaries.

Applicants yet to receive an alert even after filling all details will be expected to do a physical verification before the loan will be disbursed to you, click the link below to see:  How to get my Covid-19 loan Details verified.

Each of the eligible SME will receive a maximum of N25 million while qualified households can access a maximum of N3 million each. The credit facility is aimed at providing financial relief to households and small businesses as they cope with the economic fallouts of the pandemic.

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