Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,197,892 members, 7,966,331 topics. Date: Friday, 04 October 2024 at 12:42 PM |
Nairaland Forum / Nairaland / General / Business / Presidential Palliative 1million To 1billion Loan Things To Know Before Applying (300 Views)
How To Check FG Presidential Palliative Grant Payment Status / What Can I Use My 1million To Do Please.buasiness / Google Inc Acquire Fitbit For $2.1billion USD (2) (3) (4)
(1) (Reply)
Presidential Palliative 1million To 1billion Loan Things To Know Before Applying by patrick1234(m): 1:58am On Dec 22, 2023 |
As part of the Presidential Palliative Programme, the Federal Government of Nigeria has announced the kick-off of two programmes targeted at alleviating the impact of the fuel subsidy removal – the Presidential Conditional Grant Programme and the Presidential Palliative Loan Programme. The Presidential Palliative Loan Programme will allocate N75 billion to Micro, Small, and Medium-sized Enterprises (MSMEs) across various sectors and an additional N75 billion specifically to manufacturers. The loan, provided at a single-digit interest rate of 9% per annum, aims to support businesses in navigating the subsidy removal impact. Before you apply, here are the 40 things you need to know and have before you apply. Business Information 1. Business type Sole Proprietorship Partnership Limited Company 2. Company Name 3. Registration Number 4. Date of Birth 5. Gender 6. Phone Number 7. Certificate of Incorporation 8. Status Report/ Other CAC documents 9. Business Operations Address 10. Select State 11. Select LGA 12. Business Sector Trade Transport Food Service Artisan Creative Arts 13. Bank – Choose from the list of participating banks 14. Account No If you don’t have an account with any of the participating banks listed, choose a preferred bank from the list and create an account with them. Come back and fill the account details section afterwards. CHIEF PROMOTER/DIRECTOR 15. First Name 16. Surname 17. BVN (11 digits) 18. Date of Birth 19. Email Address 20. Phone Number 21. Means of ID 22. Passport Photo 23. Loan Details Fill the details below. Loan type Start-up (MSME) (N500,000 – N1,000,000) Existing Business (MSME) (N500,000 – N1,000,000) Working Capital (Manufacturing) (N500m – N1b) Asset Finance (Manufacturing) (N500m – N1b) Request Loan Amount ₦ 1000000 Interest 9% Monthly Repayment Amount ₦32,000 Tenor 36 Months Moratorium Immediately I have read and agreed with the terms and conditions 40 Things you need to know and have before applying for Presidential Palliative 1Million to 1Billion Loan in Nigeria in 2024. 40 Things you need to know and have before applying for Presidential Palliative 1Million to 1Billion Loan in Nigeria in 2024. 24. Please check here to indicate that you have read and agree to the terms and conditions related to this Presidential Palliative Loan: 25. PAYMENT The loan amount shall be due and payable, at a single-digit interest rate of 9% per annum. The loan amount could be taken as working capital or for asset financing. The working capital facility shall be repayable in 2 years from the date of the issuance of the loan. While the asset financing facility shall be repayable in 5 years. All payments made by the Borrower are to be applied first to any accrued interest and secondly to the principal balance. 26. INTEREST As indicated in paragraph 2 above, the loan amount shall be due and payable, at a single-digit interest rate of 9% per annum. The rate must be equal to or less than the usury rate in Nigeria. 27. PREPAYMENT The Borrower has the right to pay back the loan in full or make additional payments at any time without penalty. 28. REMEDIES No delay or omission on the part of the Lender in exercising any right hereunder shall operate as a waiver of any such right or of any other right of such holder, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the same or any other right on any future occasion. The rights and remedies of the Lender shall be cumulative and may be pursued singly, successively, or together, in the sole discretion of the Lender. https://www.dayoadetiloye.com/40-things-you-need-to-know-and-have-before-applying-for-presidential-palliative-1million-to-1billion-loan-in-nigeria-in-2024/
|
(1) (Reply)
Safe Business To Net 50k Weekly / Nigeria Drops To 4th Position on IMF List of Largest Economies in 2024 in Africa / Brand New Inverter And Batteries For Sale
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 4 |