NEXIM Bank Loan Application Form Portal 2023/2024
NEXIM Bank Loan Application Form Portal 2023, Closing date, requirements, and guidelines for free here. The NEXIM Bank Loan form is obtainable online on the official NEXIM Bank application portal.
NEXIM Bank Loan Application Form Portal 2023/2024
The Nigerian Export-Import Bank (NEXIM) was established by Act 38 of 1991 as an Export Credit Agency (ECA) with a share capital of N50, 000,000,000 (Fifty Billion Naira) held equally by the Federal Ministry of Finance Incorporated and the Central Bank of Nigeria.
Who is Eligible to Apply for NEXIM Loan 2023/2024?
| Abia State | Cross River State |
| Adamawa State | Delta State |
| Akwa Ibom State | Ebonyi State |
| Anambra State | Edo State |
| Bauchi State | Ekiti State |
| Bayelsa State | Enugu State |
| Benue State | Gombe State |
| Borno State | Imo State |
| Jigawa State | Nasarawa State |
| Kaduna State | Niger State |
| Kano State | Ogun State |
| Katsina State | Ondo State |
| Kebbi State | Osun State |
| Kogi State | Oyo State |
| Kwara State | Plateau State |
| Lagos State | Rivers State |
| Sokoto State | Yobe State |
| Taraba State | Zamfara State |
Requirement NEXIM Loan 2023/2024
- Candidate applying must be a Nigerian
- Must have a vaild valid means of identification like National ID card or international passport
- Must have running business or a viable business idea
- Must show records of the business
- Must be registered with CAC
NEXIM Loan Types
Direct Lending Facility
Under the Direct Lending Facility, NEXIM would grant short, medium and long term fixed or floating rate loans, to exporters directly and/or under co-financing/syndication arrangement with eligible banks.
Direct loans are available to assist exporters complete their export sales, by providing working capital and/or facilities and funds for procurement of equipment. Services include, but are not limited to consultancy, tourism, oil and gas services provided by Nigerians. Loans are granted directly to a Nigerian exporter in both local and foreign currencies up to 80% of the total project cost
The following items are not eligible for financing:
- Armaments, ammunitions and other military equipment:
- Psychotropic drugs and narcotic
- All items prohibited by international conventions or environmental constraints
- Ponographic and obscene materials; and
- Items prohibited for importation/exportation by prevailing government policies/guidelines
Participating Bank
Banks wishing to participate in co-financing a project with NEXIM must be in good financial health as evidenced by three years Audited Accounts, and meet additional criteria set by NEXIM from time to time.Where NEXIM is invited to join a syndication arrangement, member banks must be ready to provide the working capital requirement of the borrower and subsequent cost overrun.
Borrower
A borrower must be a creditworthy limited liability company, cooperative society, existing/new production units with a minimum of 50% export orientation or an existing provider of export services. The borrower must establish that the loan will develop or expand his export business.
Requirements
The security may be one or more of the following:
- Bank guarantee or insurance bond
- Landed property belonging to the borrower/directors of the company in a location acceptable to NEXIM;
- First lien or fixed charge on machinery and equipment of the borrower;
- Share certificates of quoted companies acceptable to NEXIM;
- Investment certificates or commercial bills acceptable to NEXIM; and
- Floating charge on moveable property of the borrower or directors of the company.
The following documents should accompany the application:
- A certified true copy of Certificate of Incorporation;
- Three years audited statement of accounts or a complete set of management report signed by two directors of the company for the accounting period for which their audited statement of account is not available;
- A feasibility study report/business plan;
- Certified true copies of forms CO2 and CO7;
- Certified true copies of proforma invoice(s) for new/used equipment from a reputable supplier(s);
- Evidence of licence/permit from relevant agencies where applicable;
- Evidence of export commitment or any other arrangement acceptable to NEXIM;
- Copy of Environmental Impact Assessment Report;
- Evidence of availability of counterpart funding (for new projects);
- Copies of title of documents that are available as security; and
- Any other document that may be required
How to apply for NEXIM Loan 2023/2024
To begin online application, visit, https://neximbank.com.ng/get-loan/
Information is power and sharing is caring, we encourage you to share this article with your friends in order to keep them updated.
How to get information in your Phone or Email for further updates
- Subscribe to us with your Email address for FREE to be updated on a daily basis
- LIKE our Facebook page
- FOLLOW our Twitter News Handle
- For questions as regards to anything, kindly Comment Below
