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Nairaland Forum / Nairaland / General / Business / COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion (14639 Views)
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Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Tonytonex(m): 9:48am On Sep 07, 2021 |
ak22:I believe this is a LOAN. As specifically spell out. So please, I will like to know about the interest rate and the duration to payback the LOAN? |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Tonytonex(m): 9:59am On Sep 07, 2021 |
onedayatime:thank you so much. Cause some people will just collect the money to flex. Forgetting that they will payback. |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Echo50(m): 10:15am On Sep 07, 2021 |
But will the money be paid back? I ask because Nigeria have a way of dashing out money called loan 1 Like |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by KelvinC1(m): 11:22am On Sep 07, 2021 |
How much is the loan and how many years to pay back.. please answer is needed.. � |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by earnest57(m): 12:43pm On Sep 07, 2021 |
This COVID 19 LOAN is real, I am not a beneficiary but I know some persons who have benefitted and currently utilizing the fund to support their Businesses. It's not possible for everyone to apply and get it but people have gotten and still getting. |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by ak22(m): 1:51pm On Sep 07, 2021 |
Tonytonex: Yes it is a loan. You start to pay back after 12 month of receiving it then pay back for another 36 month 1 Like
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Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by ak22(m): 1:51pm On Sep 07, 2021 |
earnest57: Thank you |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by ak22(m): 1:52pm On Sep 07, 2021 |
KelvinC1: Go through nirsal website. Your answer is there |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by greatefa1011(m): 2:31pm On Sep 07, 2021 |
The first phase of 50 billion was disbursed with transparency many persons benefited subsequent ones aren't same anymore. Today people who are currently receiving as we speak sort with 50k for every 500k paid to you. Only this office know what they are doing. It's now man know man. And it's now based on agreement on commission. ASAP |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by greatefa1011(m): 2:35pm On Sep 07, 2021 |
Yes it's a fact |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Gfskw: 4:21pm On Sep 07, 2021 |
Really |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Tonytonex(m): 5:38pm On Sep 07, 2021 |
ak22:what happened if one doesn't have the money to pay back? |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by ak22(m): 6:42pm On Sep 07, 2021 |
Tonytonex: You haven't collect the money you are asking for not paying back . What a Africa mentality ?this a loan not grant |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Tonytonex(m): 9:57pm On Sep 07, 2021 |
ak22:what is the difference between a loan and a grant? |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by ak22(m): 7:45pm On Sep 08, 2021 |
Tonytonex: Every loan that you take requires that you pay back the amount that you borrow as well as pay the interest rate. With grants, however, you do not have to repay any of the funding that you collected 1 Like |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Tonytonex(m): 7:09am On Sep 09, 2021 |
ak22:But this one is a loan. Isn't it? That means one has to pay back the money plus the interest. |
Re: COVID-19 Loans: CBN Receives Eight Million Applications, Disburses ₦400 Billion by Anwons(m): 11:15pm On Sep 12, 2021 |
ShedrachU: I'm not, what I'm saying is this, many persons actually benefited at the first time when the approved sum was 50 billion naira. Instead of more persons to receive approval as more cash is injected, the number of beneficiaries keeps dropping. |
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