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


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

Apply Now

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