Saturday, July 31st, 2021

Covid-19 Loan Applicant will be credited within 48 Hours – CBN

CBN Covid-19 Loan Applicant will be credited within 48 Hours says the Central Bank of Nigeria on twitter on Monday, June 8, 2020.

The tweet reads that, “All successful Household and SME applicants who have submitted their account details for the CBN N50bn COVID – 19 Targeted Credit Facility should expect their accounts credited within 48 hours of such submission, otherwise they should call 09010026900.

Also, the apex bank noted that there will be a reversal on the decision to request applicants applying under the category of Households and SME to provide suitable guarantors.


The Central Bank of Nigeria has rescinded on that requirement. In another tweet, this read thus: “CBN waives the requirement for the provision of guarantors by Households and SMEs applying for its N50bn COVID-19 Target Credit Facility.”

In a swift reaction to ensure, that everyone gets settled in a matter of urgency, the Central Bank urges all successful applicants under CBN COVID-19 Targeted Credit Facility whose accounts have not been credited should go HERE and input their account details in any bank of their choice.

We say big congratulations to all successful applicants and wish them all the best in their business ventures.

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