NIRSAL Non-Interest Loan for AGSMEIS and TCF 2021 – nibloans.nmfb.com.ng

Apply for NIRSAL Non-Interest Loan for AGSMEIS and TCF Household and SME 2021 – nmfb.com.ng: The Nirsal Microfinance Bank (NMFB) has opened the Non-Interest Banking Loan (NIBLoans) for AGSMEIS & TCF (Household and SME) 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.

The NIRSAL Microfinance Bank’s Non-Interest Loan for AGSMEIS and TCF portal is now live for applicants who are eligible to apply.

Check: Conditional Cash Transfer 2021/2022 – How to Receive Payment

NIRSAL Non-Interest Loan Eligibility and Requirements

  1. 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.
  2. 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 2021.

The Nirsal Micro-Finance Bank Portal for the Non-Interest Banking Loan Portal is now live, below are the procedures and application links for the categories available for application.

To begin your loan application, make sure you read the above requirements and then proceed with the category that you qualified for below.

AGSMEIS NON INTEREST LOAN APPLICATION

Our Agsmeis Non Interest Facilities will assist you in the process of building a business or expanding an existing business, and maintaining your lifestyle.

SUGGESTED:  MarketMoni Loan Application Form Portal 2021 | marketmoni.com.ng

PRODUCT NAME: MICRO LOAN (PETTY CASH NOW NOW)

DOCUMENTATION REQUIRED

  • Loan application letter
  • Duly completed application form
  • Guarantor form
  • A valid means of ID (national ID, driver’s license, voter’s card or international passport)
  • 2 recent passport-size photographs

FACILITY TYPE: Term Loan

MAXIMUM LOAN AMOUNT: N300,000

MAXIMUM LOAN TENOR: 12 Months

PRICING: 20% p, a

FEES: 2% upfront (1% Management and 1% commitment fee)

REPAYMENT STRUCTURE: Monthly repayment of both principal and interest

COLLATERAL

  • No Guarantor from N50,000 to N149,999 but MUST domicile daily sales proceed
  • Acceptable Guarantor (1) from N150,000 to N300,000
  • Daily sales proceed

GSI

  • We will recover this money from your accounts
  • You must accept this as part of offer letter

NON-INTEREST AGSMEIS APPLICATION LINKhttps://nibloans.nmfb.com.ng/agsmeisnoninterestlending

NON-INTEREST TCF CREDIT APPLICATION [HOUSEHOLDS]

Our Non-Interest Facilities to Households will assist you in the process of building businesses or expanding an existing business, and maintaining your lifestyle.

  • Product Name: Non-Interest Targeted Credit Facility (TCF-NI)
  • Facility Type: Term Credit Facility
  • Maximum Facility Amount: Household: N500,000.00
  • Profit margin: 9%
  • Maximum Payment Period: 36 months

NON-INTEREST TCF HOUSEHOLD APPLICATION LINKhttps://nibloans.nmfb.com.ng/noninterestlendingtcfhousehold

NON-INTEREST TCF CREDIT APPLICATION [SMEs]

Our Non-Interest Facilities to SMEs will assist you in the process of building businesses or expanding an existing business, and maintaining your lifestyle.

  • Product Name: Non-Interest Targeted Credit Facility (TCF-NI)
  • Facility Type: Term Credit Facility
  • Maximum Facility Amount: SME: N2,500,000.00
  • Profit margin: 9%
  • Maximum Payment Period: 36 months

Global Standing Instruction: In case you default, payments will be recovered from your accounts. Note that you must accept this as part of the offer letter.

SUGGESTED:  NYIF Loan Validation 2020/2021 | nyif.nmfb.com.ng

Application Process: The process of the application will take place in three distinct phases:

Phase 1: Application for Financing

Apply for the TCF-NI facility by providing relevant personal information and the business to be finance.

Phase 2: Acceptance of Offer and other Agreements

You will be notified when your application is approved and required to do the following:

  • Generate the Offer Letter and accept it
  • Generate the Undertaking to Buy Agreement and accept it
  • Input the details of the items to be financed. This must conform with the approved amount as shown on your offer letter.
  • You will finally attach invoices for all the items to be financed.

Phase 3: Taking delivery and Execution of Murabahah Agreement

Upon fulfillment of Phase 2, wait for the disbursement of funds to the proposed vendor. The funds will be used to purchase equipment and raw materials from the vendor. Either NMFB or you as its agent will then be assigned to take delivery of the assets. After taking delivery, you will be required to execute the murabahah agreement on the final stage of the contract.

NON-INTEREST TCF (SME) APPLICATION LINK https://nibloans.nmfb.com.ng/noninterestlendingtcfsme

If you have questions regarding this Loan Application, kindly use the comment section, and we will address the challenges and questions you might want to know about.



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23 Comments
  1. Folasade says

    How to retrieve my reference number on https://nibloans.nmfb.com.ng/noninterestlendingtcfsme

    1. Samuel Maxwell says

      Go to a nearest branch

  2. Fahad umar chekehe says

    I’ am very appriciating by this punctual investment loan

  3. Abubakar sadiq says

    My offer was successfully approved but what I still wanted to understand is when and how am I going to get next proceed.?

    1. Admin says

      Be patient, you will soon receive an SMS concerning that

      1. Abubakar says

        Ok thank you for responding my comment I’ll keep calm waiting…. All the best

        1. Admin says

          You are welcome… If I may ask, how did you know your offer was approved? Was it via email or SMS?

  4. yahaya adamu says

    My loan is not respone

    1. Admin says

      Be more patient, your application is still being processed.

    1. Michael Ola says

      Proceed and submit your loan application on the right portal

  5. Sabiu dalhatu says
    1. Mr mai kyau says

      The following msg pop up at final submission. “Save Operation was not successful. Reason: error: value too long for type character varying(50). Please try again. If this error persists, contact NIRSAL MFB immediately” can someone help out. Thank you

      1. Samuel Maxwell says

        Kindly check your loan and make sure the amount is not greater than 500,000

        1. Mr Mai kyau says

          Thank you.

        2. Mr Mai kyau says

          I am still facing same problem.

          1. Samuel Maxwell says

            What problem?

  6. Fadima Muhammad lawan says

    I need your assistance

    1. Michael Ola says

      How should I assist you?

  7. Bilyaminu Idris says
    1. Michael Ola says

      The application links are in the post, kindly follow carefully and submit your application on the right portal

  8. Abdussalam sani says

    I wont benifit for this oppotunities

    1. Michael Ola says

      Good, follow the instructions carefully to apply…

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