Zenith Bank CBN Creative Industry Financing Initiative (CIFI) Loan and How to Apply

The Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative (CIFI) fund.

You can get a loan of up to:
a) N3 million for Software Engineering Student
b) N30 million for Movie Production business
c) N500 million for Movie Distribution business

Eligible activities/businesses

  1. Fashion
  2. Information Technology
  3. Movie Production
  4. Movie Distribution
  5. Music
  6. Software Engineering student Loan

Abridged Terms and Condition of the Scheme

(1) Fashion
Facility Amount: dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.

(2) Information Technology
Facility Amount: Dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.

(3) Movie Production
Facility Amount: Up to N30million
Tenor: Up to 10 years
Pricing: 9% p.a.

(4) Movie Distribution
Facility Amount: Up to N500 million
Tenor: Up to 10 years
Pricing: 9% p.a.

(5) Music
Facility Amount: Dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.

(6) Software Engineering Students
Facility Amount: Up to N3million
Tenor: Up to 3 years
Pricing: 9% p.a.

Documents Required for Disbursement

  1. Accepted Offer Letter
  2. Business Plan
  3. Board Resolution (if corporate)

How to Apply Zenith Bank CBN Creative Industry Financing Initiative (CIFI)

If you are interested in applying for Zenith Bank CIFI loan, you need to have an account with the bank. You can apply by talking to your account officer about this loan or visiting any of Zenith Bank’s branches to request for form for CIFI loan or you can visit Zenith Bank Loan Website here
Email: zenithdirect@zenithbank.com, call 234-1-278700

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