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.

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.

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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39 Comments
  1. Avatar of Aliyu bello hassan
    Aliyu bello hassan says

    Can you please help me check who my vendor is??

  2. Avatar of Yusuf Muhammad tikau
    Yusuf Muhammad tikau says

    I received approval from nisal almost 8 month but still I didn’t receive my items

    1. Avatar of Samuel Maxwell
      Samuel Maxwell says

      Try contacting your vendor, or visit the nearest nirsal bank for clarification.

  3. Avatar of Aliyu bello hassan
    Aliyu bello hassan says

    I Have received the sms approval for more than 3weeks nw (nib tcf loan)how can I get the vendor details

    1. Avatar of Samuel Maxwell
      Samuel Maxwell says

      Login to the portal as returning applicant and you will see the offer letter with vendor details

      1. Avatar of Aliyu bello hassan
        Aliyu bello hassan says

        Have try it Several times but I don’t know if it’s because have already accepted the offer through sms please any other way to get the vendor details?

        1. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
          Admin says

          Do you have your reference number?

          1. Avatar of Aliyu bello hassan
            Aliyu bello hassan says

            Yes I have

          2. Avatar of Aliyu bello hassan
            Aliyu bello hassan says

            Yes I do
            Should I send ?

  4. Avatar of Aliyu bello hassan
    Aliyu bello hassan says

    Have received the sms approval for more than 3weeks nw (nib tcf loan)how can I get the vendor details

  5. Avatar of Baitu Muhammad Aji
    Baitu Muhammad Aji says

    Hello good day…my nirsal loan has been approved since February but I am yet to receive it.

    1. Avatar of Baitu Muhammad Aji
      Baitu Muhammad Aji says

      I got to know my loan has been approved after I checked through the verification link with my Bvn no.

      1. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
        Admin says

        Contact NIRSAL for help

    2. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
      Admin says

      Contact the bank

  6. Avatar of Adoh, Clive Onyekachukwu
    Adoh, Clive Onyekachukwu says

    How can I retrieve the sms in case I deleted it mistakenly? I was not sure of the source of the sms and took it for a scam. Doesn’t it come as email?

    1. Avatar of Samuel Maxwell
      Samuel Maxwell says

      You can’t retrieve it once it’s deleted

  7. Avatar of Folasade
    Folasade says

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

    1. Avatar of Samuel Maxwell
      Samuel Maxwell says

      Go to a nearest branch

  8. Avatar of Fahad umar chekehe
    Fahad umar chekehe says

    I’ am very appriciating by this punctual investment loan

  9. Avatar of Abubakar sadiq
    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. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
      Admin says

      Be patient, you will soon receive an SMS concerning that

      1. Avatar of Abubakar
        Abubakar says

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

        1. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
          Admin says

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

  10. Avatar of yahaya adamu
    yahaya adamu says

    My loan is not respone

    1. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
      Admin says

      Be more patient, your application is still being processed.

    1. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
      Michael Ola says

      Proceed and submit your loan application on the right portal

  11. Avatar of Sabiu dalhatu
    Sabiu dalhatu says
    1. Avatar of Mr mai kyau
      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. Avatar of Samuel Maxwell
        Samuel Maxwell says

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

        1. Avatar of Mr Mai kyau
          Mr Mai kyau says

          Thank you.

        2. Avatar of Mr Mai kyau
          Mr Mai kyau says

          I am still facing same problem.

          1. Avatar of Samuel Maxwell
            Samuel Maxwell says

            What problem?

  12. Avatar of Fadima Muhammad lawan
    Fadima Muhammad lawan says

    I need your assistance

    1. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
      Michael Ola says

      How should I assist you?

  13. Avatar of Bilyaminu Idris
    Bilyaminu Idris says
    1. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
      Michael Ola says

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

  14. Avatar of Abdussalam sani
    Abdussalam sani says

    I wont benifit for this oppotunities

    1. Naijarena.com.ng - Latest Nigerian Job Vacancies and Recruitment Portal
      Michael Ola says

      Good, follow the instructions carefully to apply…