CBN Tertiary Institutions Entrepreneurship Scheme Term Loan 2021/2022

Central Bank of Nigeria Tertiary Institutions Entrepreneurship Scheme (TIES) Term Loan 2021/2022 Link Portal is now open for interested Graduates who must have gone for Mandatory Youth Service ranging from 2015-2020. Applicants must graduate from University or Polytechnic. Get started beneath.

The portal allows you to register and have an account with Tertiary Institutions Entrepreneurship Scheme (TIES) Term Loan. Here I will be discussing on how to apply and create account online successfully. Those who want to find out more about Tertiary Institutions Entrepreneurship Scheme Term Loan Application Form for Graduates of University or Polytechnic will find this article interesting, towards the end of this post, I will list out the application form requirements needed. Please make sure you go through the application registration form requirements before registering.

TIES Term Loan 2021/2022

Graduates of Nigerian polytechnics and universities shall be eligible to participate under the Term Loan Component

Requirements/Eligibility Criteria for Participation

Applicants under the Scheme shall be graduates of Nigerian polytechnics and universities with:

  1. First degree certificate (BSc/HND/ or its equivalent);
  2. National Youth Service Certificate (NYSC) discharge or exemption certificate;
  3. Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training; and
  4. Not more than 7 years post-NYSC.

How to apply/register for 2021/2022 TIES Term Loan

Register Here – cbnties.com.ng/register

Select Ties 1 Sole Proprietorship or Tier 2 – Small Company / Enterprise

Then continue filling your information

Ties 1 Sole Proprietorship

  • Loan Type: Tier 1 – Sole Proprietorship
  • Description: For sole proprietorship businesses, limited liability companies and small companies as defined by CAMA
  • Tenor: 5 years
  • Loan Limit: N5 million
  • Interest Rate: 5% from now to February 28, 2022 ( and 9% from March 1, 2022)
  • Moratorium: Maximum of 12 months (dependent on type of business)

Tier 2 – Small Company / Enterprise

  • Loan Type: Tier 2 – Small Company / Enterprise
  • Description: For Partnerships registered either as Limited Liability Companies and Small Companies as defined by CAMA
  • Tenor: 5 years
  • Loan Limit: N25 million
  • Interest Rate: 5% from now to February 28, 2022 ( and 9% from March 1, 2022)
  • Moratorium: Maximum of 12 months (dependent on type of business)

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Repayment for TIES Term Loan

Interest payment and principal repayment shall be made on monthly or quarterly basis by the obligor depending on the established cash flow cycle and in line with the approved repayment schedule.

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Vera

Blessed Vitus is the Founder and a Publisher at Efficiencyview.com. A seasoned online Publicist and a Geologist

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