How To Access Loan From CBN In Nigeria

Do you need a loan from the Central Bank of Nigeria (CBN) to fund your business? If ‘yes’, you are on the right page. In this article, we will show you how to access loan from CBN for businesses in Nigeria.

After sharing a post on how to apply for CBN business loans through Heritage bank. We have been receiving complaints from people that the link is not yet accessible. So, while waiting for the bank to active the online loan application link, let’s look at the alternative method you can access loan from CBN. You might even prefer the alternative to the previous method we gave..

So, we shall be looking at how to access loan from CBN for businesses in Nigeria through Micro, Small and Medium Enterprises Development Fund (MSMEDF) programme.

Business categories eligible for CBN loans

  • Agriculture
  • Artisan ship
  • Manufacturing
  • Cottage Industries
  • Trade and general Commerce
  • Services
  • Renewable energy/energy efficient products and technologies
  • Other income generating projects as may be prescribed by the CBN
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If your business falls within any of the above mentioned categories, you are good to go.

Step by step process to access CBN loans

To access loan from the Central Bank of Nigeria (CBN), follow the procedures below.

1. Prepare your business plan or statement on how much you want for your business. You can get loan of up to;

  • N500,000 for micro-business, and
  • N50 million for Small & Medium Enterprise.

2. Go to your bank or any of the following financial Institutions with your business plan;

  • Commercial Banks
  • Microfinance Banks
  • Cooperatives
  • NGO-Microfinance Institutions
  • Finance Companies
  • Development Finance Institutions, i.e. Bank of Industry and Bank of Agriculture.
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3. Submit your business plan to your bank.

4. Your bank will process your request.

5. Your bank will guide you on other requirements.

6. The maximum interest rate of 9% per year is applicable to all loans

7. Period for the repayment of the loan are as follows:

  • For micro business, it is a maximum of 1- year
  • For small and medium enterprises, it is a maximum of 3-year

Important things to note:

  • 60% of the fund is reserved for enterprises owned by women
  • 2% for persons living with disability, and
  • 10% for start-up businesses.
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Note: There have been reports of some bank branches claiming ignorance of the loans.

In that is the case or of you need additional information, kindly e-mail or call call CBN at
09-46238600, 09-46238608 or 07080650000 or 07080651392

Disclaimer: We at have nothing to do with this loan. Our own is to dispense information.

We advise you to always go to your bank for any loan application, and do not pay anybody during application processes.

The Author


Humphery is a seasoned internet entrepreneur and a life coach. He has been the Nyscinfo ambassador since 2017. He is knowledgeable enough to guide you. Keep following this website for updates, we love you!


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  1. Hello l need help

  2. Hello sir am a serving corps member from kogi state, l need this loan to expand my bussiness

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