Connect with us

Latest Aproko

No Processing Fee Required For COVID-19 Loans – CBN

 

The Central Financial institution of Nigeria (CBN) on Monday stated it doesn’t cost any price for processing COVID-19 mortgage purposes.

This follows the launch of a N50 billion Focused Credit score Facility (TCF) stimulus bundle to help households and micro, small and medium enterprises (MSMEs) affected by the coronavirus pandemic.

The loans are disbursed via the NIRSAL Microfinance Financial institution (NMFB)

The CBN made the clarification in response to “false reports” on social media that candidates have been required to pay a “certain amount as application processing.”

Its spokesman, Isaac Okorafor, stated in an announcement stated, “Members of the public, particularly households and owners of small-scale businesses, are therefore advised to disregard any message requiring them to pay any amount to process their applications.”

“Potential candidates are suggested to method NIRSAL Microfinance Financial institution or the CBN department nearest to them for clarification on the process for accessing any of the CBN-related loans.

“Any noticed irregularities ought to be reported to the Client Safety Division of the CBN through [email protected] or name 07002255226,” Okorafor added.

Learn the total assertion beneath:

CBN Does Not Cost Any Charge on COVID-19 Mortgage Purposes

The eye of the Central Financial institution of Nigeria (CBN) has once more been drawn to false experiences within the social media circles that mortgage seekers and homeowners of small-scale companies who apply for loans offered to cushion the results of COVID-19 are required to pay a certain quantity as software processing price.

For the avoidance of doubt, there are clearly spelt out procedures for accessing the N50 billion Focused Credit score Facility (TCP) stimulus bundle to help households and micro, small and medium enterprises (MSMEs) affected by the COVID-19 pandemic, that are disbursed via the NISRAL Microfinance Financial institution (NMFB).

Members of the general public, significantly households and homeowners of small-scale companies, are due to this fact suggested to ignore any message requiring them to pay any quantity to course of their purposes.

Potential candidates are suggested to method NISRAL Microfinance Financial institution or the CBN department nearest to them for clarification on the process for accessing any of the CBN-related loans. Any noticed irregularities ought to be reported to the Client Safety Division of the CBN through [email protected] or name 07002255226.

Isaac Okorafor

Director, Company Communications

April 13, 2020.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *