Since the commencement of the ongoing COVID-19 Targeted Credit Facility (TCF), one of the critical questions some of the prospective applicants ask is: what is the interest rate of the CBN-backed NMFB loan? COVID-19 interest rate: 5%-9% per annum As you know, the credit facility is disbursed to applicants by Nirsal Micro Finance Bank (NMFB), … Read more
If you applied for the CBN-backed COVID-19 loan on the NMFB, you must have noticed that TCF reference number pops up as you input your Bank Verification Number (BVN). The essence of the COVID-19 TCF Reference Number is to properly track your application process or resolve any problem in the course of the application. You … Read more
The official portal for the Central Bank of Nigeria (CBN) COVID-19 targeted credit facility application has reopened for fresh applications. In this post, we’ll share with you the simplest way to submit your application for the COVID-19 credit facility, if your first application wasn’t successful. Who the loan is designed for The credit facility is … Read more
There are more than 10 types of loans offered by Access Bank, but meeting the requirements is one of the major roadblocks to millions of business owners in Nigeria. In this post, we’ll highlight the loans offered by Access Bank and tips on how to know the best loans for you. Interest rate: 13.5% and … Read more
A colleague who urgently needed credit facility asked me, “How can I apply for a loan on online and what are the requirements?” Under 60 seconds I sent him the list of apps where he could access an online loan in Nigeria without collateral. In this post, I’ll share a piece of similar useful information … Read more
Formerly as kwikmoney, migo is an automated online moneylender that provides single payment loans through the use of Unstructured Supplementary Service Data (USSD) for those who need urgent money for immediate needs. Interest rate: 15% Hours of work: 24/7 Migo instant loan is granted in less than 120 seconds if you are a first time. … Read more