How To Apply For CBN Graduate Loan In Nigeria (Step-by-step guide)

Being a graduate in Nigeria is sometimes difficult most especially if you don’t have a job. With the high cost of living and the high rate of inflation in the country, a graduate from a poor background can sometimes find it difficult to start from the bottom without any financial backing. 

With this rapid increase in unemployment and underemployment, the CBN (Central Bank Of Nigeria) has decided to introduce a scheme known as TIES.

What Is the TIES scheme by CBN?

TIES simply means Tertiary Institutions Entrepreneurship Scheme. It is a scheme introduced by the central bank of Nigeria to tackle unemployment and underemployment of Nigerian graduates in the country by offering them loans to start up their businesses.

The central bank of Nigeria, recently announced that they will start offering loans to university and polytechnic graduates who are willing, ready and capable to start a business of their own to combat poverty, unemployment and underemployment in the country among varsity graduates. 

Also Read: Online loans in Ghana without collateral

What Is The Aim Of The CBN TIES Loan?

The aim of TIES Loan is to encourage and build the spirit of entrepreneurship among Nigeria graduates in other to reduce the rising number of unemployment and underemployment of university graduates in Nigeria.

The government believe that the scheme will create a paradigm shift of graduate of university and polytechnic seeking a white-collar job to employers of labour in the country.

Objective Of Tertiary Institutions Entrepreneurship Scheme (TIES).

The objective of TIES is to increase access to finance for graduates of university and polytechnics who are entrepreneurship driven and business-minded in areas like agriculture, information technology, creative industry, science and technology. 

This scheme is aimed at; 

1. Providing an enabling environment where the innovative ideas can turn into reality through mentorship and development 

2. Promote gender equality in entrepreneurship through capacity development and improved access to startup funds.

3. Boost the economy through Non-Oil sectors.

How To Apply For CBN Graduate Loan In Nigeria (Step-by-step guide)

Areas Of Business ELIGIBLE  for TIES CBN Loan

  • Science and tecnology
  • Creative Industry
  • Information Technology
  • Agric Business

Also Read: Islamic Banking Loan

What Is The Requirement To Apply For CBN TIES Loan?

For you to apply for a TIES CBN loan, you need to ensure you have the following documents which must be originals.

  •  First Degree Certificate (Original).
  •  NYSC Certificate ( discharge or exemption certificate).
  • Not more than 7 years post-NYSC.
  •  Valid mobile phone number and email address (linked to your NIN, BVN, TIN).
  •  Evidence of business registration with the CAC (Corporate Affairs Commission). 
  •  Corporate bank account number of business.
  • Must be a graduate of university or polytechnic in Nigeria 


What Is The Interest Rate Of TIES CBN Loan?

The TIES CBN Loan comes with an interest rate of 5% per annum from October 2021 to February 2022

Every eligible business is expected to start paying back the loan after 12 months which must be remitted within 5 years

How Much Can I Get From TIES CBN Loan?

As a beneficiary of the central bank of Nigeria TIES Loan, you’re eligible to get N5 million for individual/sole proprietorship/small company projects and N25 million for partnerships/company projects.

TIES Loan Category And Tenor

The CBN TIES Loan has two major categories which are 

  • Sole Proprietors TIES Loan
  • Small Company / Enterprise TIES Loan.

1. Sole Proprietors: Businesses owned by one person can access up to N5 Million loans under the Loan Scheme.

Loan Duration (Tenor): 5 years

Interest Rate: 5% from October 2021 to February 28, 2022 ( and 9% from March 1, 2022)

Moratorium: Maximum of 12 months (dependent on the type of business)

2. Small Company / Enterprise: Group-owned businesses must be registered with the Corporate Affairs Commission (CAC) and certified true copies (CTC) of relevant forms submitted.

The group can access up to N25 Million loans under the TIES Loan Scheme.

Loan Duration (Tenor):
5 years

Interest Rate:
5% from October 2021 to February 28, 2022 ( and 9% from March 1, 2022)

Moratorium: Maximum of 12 months (dependent on the type of business)

Investment Period

The investment made shall be for a maximum period of ten (10) years (not exceeding December 31, 2031).

There shall be a 3-year lock-in period before exiting to encourage value creation and boost the managerial capacity of the business.

How Do I Apply For CBN Graduate Loan?

For you to apply for the CBN TIES Loan click the button below to apply online.
Note: Don’t apply through a third party claiming to be working for or with the CBN. We found out that some fraudsters are now parading themselves as employees of  CBN just to defraud people.

Repayment For TIES CBN Loan

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

Step-By-Step Guide For Applying for TIES CBN Loan

  • Step 1

  • Step 2

Select loan type (Tier 1 or Tier 2)

  • Step 3

Submit NYSC certificate number

  • Step 4

Select the year you did your NYSC

  • Step 5

Select the year of graduation

  • Step 6

Insert your name, email and password

Step 7

Submit your application


If you have any questions, drop them in the comment section, we’ll respond to them as soon as we can. if you find this post helpful, don’t forget to share. 

Thank you for reading!