Access Bank Announces N50 Billion Interest Free Loan

Access Bank has announced interest-free loan of N50 billion to support businesses across Nigeria.

The loan is specifically to supportt youths and Micro, Small and Medium Enterprises (MSME).

The bank announced this via its official LinkedIn page. See list of federal government free Interest loans.

According to Access Bank, the move was to support businesses following the affect of COVID-19 lockdown as well as the looting and setting properties on fire that trailed the #ENDSARS protests.

Now more than ever, we remain committed to our purpose of impacting lives positively.

In light of the recent occurrences, we will be supporting Nigerian businesses with N50billion interest-free loans and grants. Watch this space for more information.”

The support by Access Bank is expected to help business owners and entreprenuers alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.

As a way of supporting SMEs and the working class of the country following the recent damage of properties and livelihoods experienced across the nation, @myaccessbank has rolled out interest free loans of up to N50bn.

The fund is expected to serve as a kickstart to these affected communities, people and businesses. #AccessCares #All4One, the bank added.