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.
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).
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
The financing limit for MSME’s is N2,500,000 while Household is N1,000,000.
Interested Applicants should apply via https://www.nmfb.com.ng
For further enquiries, contact 09010026900.
Kindly subscribe to the site using your Email address for more updates for FREE
Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its…
CIIBEX Group Limited is a holding name for an indigenous conglomerate which comprises of eight…
The International Committee of the Red Cross (ICRC) is an impartial, neutral and independent organization…
NNPC Ltd/ TotalEnergies International Masters Degree Scholarship - 2024-2025. TotalEnergies is a global multi-energy company…
Seven-Up Bottling Company Limited is one of the largest manufacturing companies in Nigeria, producing and…
Jumia is Africa's leading internet group, with already over 3,000 employees in more than 20…
View Comments
I normally used to applying for the civic 19 loan but I didn't receive a.ny loa
You can reapply again, is on now
I can't receive anything from you why
Sir, since 2yrs now I have be apply nothing comes to me. uptill now. Pls may I ask question is this program going on.
hello I need to helping me if you have space please
Please help when the network is through
I applying covid 3 time nothing good come please help approve please
Hmmmm
I will be very greatfull if I get this oppunutity
I will be very greafull if I get this opputunity
Sir long time applied I am not approved help me