The Nigeria Export Import (NEXIM) Bank Loan Scheme portal has reopened, and here is how you can apply. If you are an entrepreneur and want funding for your businesses or start-ups, you can apply for the ongoing Nigeria Export-Import (NEXIM) Bank Loan Today and get credit in minutes.
Here are a few things you can get when you apply for the Nigeria Export-Import (NEXIM) Bank Loan Scheme
Nigerian Export-Import Bank (NEXIM) is an Export Credit Agency (ECA) designed to provide short—and medium-term loans to Nigerian exporters. It also provides short-term guarantees for loans granted by Nigerian Banks to exporters and credit insurance.
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Nigeria Export-Import (NEXIM) Bank offers different types of loans listed below.
- Small and Medium Enterprise Export Facility (SMEEF)
- Export Development Facility (EDF)
- Women and Youth Export Facility (WAYEF)
- Stocking Facility (SF) and More
Nexim bank loan interest rate
The Nexim bank loan interest rate is affordable, ranging from 6% to 17%. They cover up to 60% of the total project.
Nigeria Export-Import (NEXIM) Bank Loan Application Requirement
how to be eligible for a Nigeria Export-Import (NEXIM) Bank loan, you are required to have the below information
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- Provide relevant personal and bank account information, including Bank Verification (BVN) for verification of identity and National Identification Number (NIN)
- Own a nano business.
- Operate a business with progressive economic potential, and desire to grow the business.
- Be willing to provide proof of residential/business address
- Bank statements (12 months)
- Tax clearance certificate
- Certificate of Incorporation
- Proof of registration with the Nigerian Export Promotion Council (NEPC)
- Valid means of identification (driving license, passport, voter card)
How to apply For the Nigeria Export-Import (NEXIM) Bank
To apply for the ongoing Nigeria Export-Import (NEXIM) Bank Loan application, all interested applicants can apply for a NEXIM by applying either directly to NEXIM or through a commercial bank.
The NEXIM loan application is simple and similar to other loan applications. Before applying, ensure that you discuss your requirements with the bank’s staff.
Once you submit the form application, the NEXIM bank will assess whether your business is suitable for financing.
If the outcome is favourable, funds will be released to you.