FG TraderMoni Loan – Do you want to know how to Access Upto N100,000 from Federal Government Trader Moni Loan without Collateral? Have you applied for trader moni before? Do you know you can get about N100,000 trader moni loan?
What you should know about FG TraderMoni Loan
The FG TM loan is an interest free loan programme of the Federal Government of Nigeria, created specifically for petty traders and artisans across Nigeria. It is a part of the Government Enterprise and Empowerment Programme (GEEP) scheme of the Federal Government, being executed by the Bank of Industry.
Read – Survival Fund Payroll Support Scheme Payment 2021- Survival Fund Disbursement News
Amount accessible from TraderMoni
With TraderMoni, you can receive interest-free loans starting from N10,000 and growing all the way to N100,000 and above as you continuously pay back.
How to qualify/ Access TraderMoni N100,000 Loan 2021 – How Trader Moni Loan 2021 Works
- You get N10,000 as the first loan. When you pay back the first loan, you immediately qualify for a loan of N15,000.
- After payback of the tradermoni 15,000 loan, you qualify for a N20,000 loan, and then N50,000, and then N100,000 and above.
Getting the next Tradermoni loan is automatic as you pay back your previous loan! As soon as you pay back any loan within 3 months, you dial a code on your phone and you the next higher loan immediately.
Read – Apply for GEEP Free Loan/Empowerment 2020/2021
How many States in Nigeria will Get Tradermoni loan?
- Abia State TraderMoni Loan Form
- Adamawa State TraderMoni Loan Form
- Akwa Ibom State TraderMoni Loan Form
- Anambra State TraderMoni Loan Form
- Bauchi State TraderMoni Loan Form
- Bayelsa State TraderMoni Loan Form
- Cross River State TraderMoni Loan Form
- Delta State TraderMoni Loan Form
- Ebonyi State TraderMoni Loan Form
- Edo State TraderMoni Loan Form
- Ekiti State TraderMoni Loan Form
- Enugu State TraderMoni Loan Form
- FCT TraderMoni Loan Form
- Gombe State TraderMoni Loan Form
- Imo State TraderMoni Loan Form
- Jigawa State TraderMoni Loan Form
- Kaduna State TraderMoni Loan Form
- Kano State TraderMoni Loan Form
- Kastina State TraderMoni Loan Form
- Kebbi State TraderMoni Loan Form
- Kogi State TraderMoni Loan Form
- Kwara State TraderMoni Loan Form
- Lagos State TraderMoni Loan Form
- Nasarawa State TraderMoni Loan Form
- Niger State TraderMoni Loan Form
- Ogun State TraderMoni Loan Form
- Osun State TraderMoni Loan Form
- Oyo State TraderMoni Loan Form
- Plateau State TraderMoni Loan Form
- Plateau State TraderMoni Loan Form
- Rivers State TraderMoni Loan Form
- Sokoto State TraderMoni Loan Form
- Taraba State TraderMoni Loan Form
- Yobe State TraderMoni Loan Form
- Zamfara State TraderMoni Loan Form
By the end of 2018, the Federal Government targets to disburse 2 million TraderMoni loans across all 36 states and the FCT. Each state will receive a minimum of 30,000 loans.
The loan is only being administered by BOI, being a bank with the structures and processes to reach out applicants.
Read – CBN Covid-19 Loan 2021 – nmfbloans.nmfb.com.ng Registration Portal
TraderMoni Registration Loan Terms – How long do I have to pay back FG TraderMoni Loan?
- Loan Tenor: 6 Months
- Administrative Fee of 2.5% (No other charges).
Do I Need a Bank Account To Access Tradermoni Loan?
Yes, an active bank account is need to access your trader moni loan
Read – See Benefits of Paying Back Trader Moni Loan
Who is Eligible for TraderMoni Loan Registration
If you are a petty trader or artisan in Nigeria, and N10,000 can help your business today, then you are eligible for TraderMoni. For example, if you are a small kiosk owner, food stuff seller, bread seller, wheel barrow pusher, mobile tailor, mobile cobbler, fruits seller, keke rider, etc, TraderMoni is here to help you expand business.
Read – How to Repay TraderMoni Easy & Faster www.tradermoni.ng
TraderMoni Loan Registration 2021 Requirements
- To begin application below is the Requirements for Trader Moni
- Applicants must be 18 years and above
- Applicants must be a business owner or a trader
- Applicants must be a Nigerian
- Applicants must belong to a market cooperative union in your location
- Applicants must have a valid BVN
- Applicants must have a valid identification
- Applicants must have a valid SIM/phone number that is register with the service providers.
- If you meet requirement, then you can go ahead to start the application.
How to Apply for FG TraderMoni 2021
Interested and qualified applicants should Click Here to Apply Online
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