How to Apply for Nirsal Non Interest Loan – In line with the CBN’s decision to extend a non-interest window to businesses and households that have been impacted negatively by the Covid 19 pandemic, NIRSAL Microfinance Bank’s portal is now live for applicants who are eligible under this scheme to apply.
NON-INTEREST TARGETED CREDIT FACILITY (TCF-NI)
The Non-Interest Targeted Credit Facility (TCF) is a stimulus package to support household and Micro, Small, and Medium Enterprise (MSMEs) affected by the COVID-19 pandemic. It is a non-interest term facility targeted at small businesses for the financing of key assets for their businesses.
The financing limit is N2,500,000.00 for a tenure of 3 years with 6 months moratorium (a moratorium is a grace period of granted to the customer by the Bank to postpone the payment).
NON-INTEREST AGRI-BUSINESS, SMALL AND MEDIUM ENTERPRISE INVESTMENT SCHEME (AGSMEIS-NI)
The Non-Interest Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS-NI) is a federal government intervention funding scheme through CBN that is intended to promote agricultural businesses to spur economic development and employment generation in the country.
The non-interest product is an alternative of the existing AGSMEIS program that is based on Islamic principles of financial transactions using products such as murabahah and ijarah. It is a term financing specifically introduced for financing of equipment, raw materials and working capital.
The financing limit is N10,000,000.00 for a tenor of up to 7 years (depending on the nature/gestation period of the project). Applicants may in addition enjoy a moratorium of 6 months for mark-up and 18 months for the principal (a moratorium is a grace period of granted to the customer by the Bank to postpone the payment). Interested
Who is Eligible?
- MSME with 1 5 staff and verifiable evidence of business activities adversely affected as a result of the pandemic with evidence of job protection for its staff.
- Hospitality businesses, health (pharmaceuticals and medical supplies) Airline service providers, manufacturing/value addition, trading, and any other income-generating activities as may be prescribed by CBN and are Shari’ah compliant.
The financing limit for MSME’s is N2,500,000 while Household is N1,000,000.
How to Apply for Nirsal Non Interest Loan
Interested Applicants should apply via https://www.nmfb.com.ng
For further enquiries, contact 09010026900.
Also Apply For:-
- CBN AGSMEIS Loan Portal is Still Open
- NG CARES Covid-19 Loan /Grant 2021
- NEDIS Covid-19 Special Fund Registration 2021 – How to Apply Online
- Npower Physical Verification 2021 Has Began – See Requirement/Documents for Verification
- Imo State Government COVID-19 Youth Empowerment Fund 2021/2022 Registration
- NIRSAL COVID-19 Loan Payment 2021
- NIRSAL COVID-19 Loan 2021 Approved–How to know if your Loan is approved
- Digital Youth Nigeria Registration 2021
- FMYSD Green Stimulus Framework Recruitment 2021 Registration
- Study In U.S Scholarship Application Form 2021/2022
- NALDA Youth Empowerment Programme
- Buhari Young Farmers Network
- Young Farmers Association of Nigeria
- African Young Farmers Network
- National Young Farmers Scheme
- Young Farmers Grant
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Bashir labaran says
I normally used to applying for the civic 19 loan but I didn’t receive a.ny loa
admin says
You can reapply again, is on now
Mukhtar mukhtar shehu says
I can’t receive anything from you why
Dauda says
Sir, since 2yrs now I have be apply nothing comes to me. uptill now. Pls may I ask question is this program going on.
Abubakar Umar says
hello I need to helping me if you have space please
Kalu Obioma Maureen says
Please help when the network is through
Man sura aliyu gassol says
I applying covid 3 time nothing good come please help approve please
Sa'id Auwal says
Hmmmm
Shuaibu Ali says
I will be very greatfull if I get this oppunutity
Shuaibu Ali says
I will be very greafull if I get this opputunity
Nazifi says
Sir long time applied I am not approved help me
Kyauta says
I app it two times but did see anything
Abiola says
I’m fully into farming and poultry Business but, no Capital to Support all my Effort, I really appreciates it, if I can receive any financial Support please, I begged you with the mighty name of God, to please Help me….
nwekeuge Monday Emmanuel says
I will like to register my self and get loan
admin says
Feel Free and apply its free
Sani chiroma says
Sir i apply nirsal i did get i dot no why
Hajja Budu Ballama says
Pls I need a covid 19 loan
admin says
Apply For free
Adamumar says
Thanks
Lawal umar says
I apply for that portal is to improve my business and others.
So ihope you can assist me to exceap my request
Bilyaminu dauda says
Help me Sir
admin says
Its free you can apply
Kuleve Dorathy says
Please sir I need the laon
admin says
Its free you can apply
idowu olusegun says
i need a loan for my farm cultivation
admin says
You can apply..it’s free
Danjuma Tanko says
I been applied since 2021 an update nothing have been priced what is going I don’t know
Udeme Akpabio says
I apply for the Nirsal free mass business registration, I’ve send email messages with on reply, pls do I do
Tanko danjuma Yusuf says
I wish to apply for the loan.
admin says
Use the link to apply…Its free