Presidential Palliative Programmes N75B Loan Link Portal 2024/2025 is open

• Loan up to 1M
  • A) Eligibility Criteria
    • Existing business must be in operation for one (1) year,
    • Start-ups must be a registered business
    • Provide CAC business registration documents.
    • Company’s Bank Statement(s) for a period of one (1) year (for existing business)/ Chief Promoter’s  (Director or Business owner) Bank Statement(s) for a period of one (1) year (for startups).
    • Have required monthly turnover and other things as may be requested by the bank.
  • B) Security
    • Personal Guarantee of the promoter
    • Acceptance of BVN Covenant (Global Standing Instruction- GSI), and any other thing that may be required by the bank
  • C) Repayment Frequency
    • Monthly equal installment (no moratorium) over a period of 3 years
• Manufacturers up to N1billion (Working Capital or Asset Financing)
  • A) Eligibility Criteria
    • At least 6months business/ corporate banking relationship
    • Provide CAC business registration documents
    • 12 months bank statement for other bank
    • Other documentations that may be required by the bank.
  • B) Security
    • As may be required by the bank
  • C) Repayment term:
    • ii) Asset Financing
      • 6 Months moratorium on principal and interest, 5 years repayment period for asset financing only
  • • ii) Working Capital Financing
      • 12months equal installment of principal and interest

Target Sector for The Scheme:

1. Trader
2. Transportation
3. Food Services
4. ICT
5. Creatives
6. Artisans

How to apply/register for  Presidential Palliative Programmes N75B Loan

Interested and qualified applicants should apply via https://loan.fedgrantandloan.gov.ng