ak22:


I have received mine since January and my wife has received too. Many people like that has received too. Even the four people that I helped to did their registration had equally received. But only one out of them told me that he had received the money, why others keep muted . That is Nigeria. May be they thought that i we collect some percentage from it . And I believed that many people had also received the money .

I believe this is a LOAN. As specifically spell out. So please, I will like to know about the interest rate and the duration to payback the LOAN?

onedayatime:

The interest is 9% and the duration is 4 years ( you won't have to pay anything in the first year)

thank you so much. Cause some people will just collect the money to flex. Forgetting that they will payback.

But will the money be paid back? I ask because Nigeria have a way of dashing out money called loan

How much is the loan and how many years to pay back.. please answer is needed.. �

This COVID 19 LOAN is real, I am not a beneficiary but I know some persons who have benefitted and currently utilizing the fund to support their Businesses.
It's not possible for everyone to apply and get it but people have gotten and still getting.

Tonytonex:
I believe this is a LOAN. As specifically spell out. So please, I will like to know about the interest rate and the duration to payback the LOAN?

Yes it is a loan. You start to pay back after 12 month of receiving it then pay back for another 36 month

earnest57:
This COVID 19 LOAN is real, I am not a beneficiary but I know some persons who have benefitted and currently utilizing the fund to support their Businesses.
It's not possible for everyone to apply and get it but people have gotten and still getting.

Thank you

KelvinC1:
How much is the loan and how many years to pay back.. please answer is needed.. �

Go through nirsal website. Your answer is there

The first phase of 50 billion was disbursed with transparency many persons benefited subsequent ones aren't same anymore. Today people who are currently receiving as we speak sort with 50k for every 500k paid to you. Only this office know what they are doing. It's now man know man. And it's now based on agreement on commission. ASAP

Yes it's a fact

Really

ak22:


Yes it is a loan. You start to pay back after 12 month of receiving it then pay back for another 36 month

what happened if one doesn't have the money to pay back?

Tonytonex:
what happened if one doesn't have the money to pay back?

You haven't collect the money you are asking for not paying back . What a Africa mentality ?this a loan not grant

ak22:


You haven't collect the money you are asking for not paying back . What a Africa mentality ?this a loan not grant

what is the difference between a loan and a grant?

Tonytonex:
what is the difference between a loan and a grant?

Every loan that you take requires that you pay back the amount that you borrow as well as pay the interest rate. With grants, however, you do not have to repay any of the funding that you collected

ak22:


Every loan that you take requires that you pay back the amount that you borrow as well as pay the interest rate. With grants, however, you do not have to repay any of the funding that you collected

But this one is a loan. Isn't it? That means one has to pay back the money plus the interest.

ShedrachU:


Read your comment again
Are you not confused?

I'm not, what I'm saying is this, many persons actually benefited at the first time when the approved sum was 50 billion naira. Instead of more persons to receive approval as more cash is injected, the number of beneficiaries keeps dropping.