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
Table of Contents
NIRSAL Non-Interest Loan Eligibility and Requirements
- 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 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 LINK – https://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 LINK – https://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.
39 comments
Can you please help me check who my vendor is??
I received approval from nisal almost 8 month but still I didn’t receive my items
Try contacting your vendor, or visit the nearest nirsal bank for clarification.
I Have received the sms approval for more than 3weeks nw (nib tcf loan)how can I get the vendor details
Login to the portal as returning applicant and you will see the offer letter with vendor details
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?
Do you have your reference number?
Yes I have
Yes I do
Should I send ?
Have received the sms approval for more than 3weeks nw (nib tcf loan)how can I get the vendor details
Hello good day…my nirsal loan has been approved since February but I am yet to receive it.
I got to know my loan has been approved after I checked through the verification link with my Bvn no.
Contact NIRSAL for help
Contact the bank
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?
You can’t retrieve it once it’s deleted
How to retrieve my reference number on https://nibloans.nmfb.com.ng/noninterestlendingtcfsme
Go to a nearest branch
I’ am very appriciating by this punctual investment loan
My offer was successfully approved but what I still wanted to understand is when and how am I going to get next proceed.?
Be patient, you will soon receive an SMS concerning that
Ok thank you for responding my comment I’ll keep calm waiting…. All the best
You are welcome… If I may ask, how did you know your offer was approved? Was it via email or SMS?
My loan is not respone
Be more patient, your application is still being processed.
[email protected]
Proceed and submit your loan application on the right portal
[email protected]
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
Kindly check your loan and make sure the amount is not greater than 500,000
Thank you.
I am still facing same problem.
What problem?
I need your assistance
How should I assist you?
[email protected]
The application links are in the post, kindly follow carefully and submit your application on the right portal
I wont benifit for this oppotunities
Good, follow the instructions carefully to apply…