Emerging Businesses Development Fund

An on-lending initiative from the Central Bank of Nigeria designed to improve access to finance by making funds available at a reasonable interest rate to SMEs in specific sectors

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Features and Benefits

Sectorial focus Manufacturing, Renewable Energy, Agricultural Value Chain and Services
Repayment period Up to 60 months
Minimum and Maximum loan amount N5,000,000- N50,000,000
Interest rate 9%
Loan Purpose Working Capital, Equipment purchase/ Asset finance etc.
Moratorium Moratorium is allowed where applicable

What it offers

    • Financial support to advance your business
    • Competitive pricing and no hidden charges
    • Access your funds through any of our channels including ATM, POS, Mobile Banking or Online Banking
    • Convenient repayment structure
    • Quick and easy loan process
    • Discounted interest rate for women owned businesses
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Apply Now

Start your application now, and your account could be open in few minutes.