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ACCESS Bank Begins Disbursement Of N50B Interest-Free Loan- Apply


ACCESS BANK Begins Disbursement of N50B Interest Free Loan- Apply: The management of Access Bank PlC has announced N50 Billion naira free interest Loans for Businesses to thrive

This is coming at a time when the economy of Nigeria is falling south due to the covid-19 and the #Endsars protests, which has recked havoc in the country lately.

TRENDING NOW

This N50Billion naira free interest loan will come into effect 2021, with businesses getting huge boast and support, a move which will improve businesses in the long-run

Access bank plc has set the stage; many more banks (Commercial Banks) will announce her plans and hit the ground running

“Access Bank Plc will today commence the disbursement of the N50 billion interest-free loans and grant it set aside for

  • Micro, small and medium size enterprises (MSMEs) that were destroyed by hoodlums in the wake of the protest against police brutality in the country last week.
  • Commercial banking customers as well
  • Corporate banking customers affected by the looting and arson in some parts of the country last three weeks.
  • Customers of the financial institution across its MSME business,

Loan Repayment Plan

  • It has a maximum tenor of 24 months for the access finance and
  • 12 months for the working capital.
  • The structure is flexible and it is to align with the customers’ cash flow.
  •  The term facility would have a moratorium period of six months and then we would structure the repayment following the customers’ own cash flow cycle.
  • Both are interest-free.

For the Free Grant:

It encompasses of two segments

The youth empowerment is in two parts its consist of tech industry and

skill development, like:

  • Tailors,
  • Barbers,
  • Mechanics,
  • Criteria.

The creative industry comprises

  • advertising,
  • architecture,
  • the arts and antiques market,
  • crafts,
  • design,
  • designer fashion,
  •  film,
  • interactive leisure software,
  • music,
  • performing arts,
  • publishing,
  • software,
  • television, and
  • radio



Source

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12 Comments

    1. I am into Pam oil business with my family and also I’m a baba,I need a capital to assist my self and that of my family,I have bank with Access bank for a very long time now and acce has always been there for us,so I will say Access bank is among the best,#Access bank PLC

      1. Maxwell Fedelis I’m really farming and a good business,person I need assisted from you’re organization, and want to improved my hotel business.

  1. Please I’m a pipeline welder and I Bank with Access. Due to unemployment I’m facing in Nigeria, so I prefer to do business if I get this loans opportunity with Access Bank, thanks

    1. I am a tailor and am a mother of two, things are very had for me and my family expecally in this covid 19 pandemic,so if my bank access can support me financially and help me boost my tailoring business,I will be the happiest person in my country Nigeria,long live access long live Nigeria

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