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

by Admin
39 comments

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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Leave a Comment

39 comments

Avatar of Aliyu bello hassan
Aliyu bello hassan July 2, 2022 - 11:53 pm

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

Reply
Avatar of Yusuf Muhammad tikau
Yusuf Muhammad tikau June 30, 2022 - 9:32 am

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

Reply
Avatar of Samuel Maxwell
Samuel Maxwell July 1, 2022 - 8:46 am

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

Reply
Avatar of Aliyu bello hassan
Aliyu bello hassan June 29, 2022 - 12:11 pm

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

Reply
Avatar of Samuel Maxwell
Samuel Maxwell June 29, 2022 - 2:41 pm

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

Reply
Avatar of Aliyu bello hassan
Aliyu bello hassan June 29, 2022 - 11:05 pm

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?

Reply
Avatar of Admin
Admin June 30, 2022 - 12:10 am

Do you have your reference number?

Reply
Avatar of Aliyu bello hassan
Aliyu bello hassan June 30, 2022 - 12:13 am

Yes I have

Avatar of Aliyu bello hassan
Aliyu bello hassan June 30, 2022 - 12:14 am

Yes I do
Should I send ?

Avatar of Aliyu bello hassan
Aliyu bello hassan June 29, 2022 - 12:08 pm

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

Reply
Avatar of Baitu Muhammad Aji
Baitu Muhammad Aji January 10, 2022 - 2:22 am

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

Reply
Avatar of Baitu Muhammad Aji
Baitu Muhammad Aji January 10, 2022 - 2:24 am

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

Reply
Avatar of Admin
Admin January 10, 2022 - 10:44 am

Contact NIRSAL for help

Reply
Avatar of Admin
Admin January 10, 2022 - 10:44 am

Contact the bank

Reply
Avatar of Adoh, Clive Onyekachukwu
Adoh, Clive Onyekachukwu December 21, 2021 - 1:24 pm

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?

Reply
Avatar of Samuel Maxwell
Samuel Maxwell December 21, 2021 - 2:25 pm

You can’t retrieve it once it’s deleted

Reply
Avatar of Folasade
Folasade October 13, 2021 - 10:00 pm

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

Reply
Avatar of Samuel Maxwell
Samuel Maxwell October 14, 2021 - 4:02 pm

Go to a nearest branch

Reply
Avatar of Fahad umar chekehe
Fahad umar chekehe September 24, 2021 - 9:22 pm

I’ am very appriciating by this punctual investment loan

Reply
Avatar of Abubakar sadiq
Abubakar sadiq September 15, 2021 - 7:22 pm

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

Reply
Avatar of Admin
Admin September 15, 2021 - 9:45 pm

Be patient, you will soon receive an SMS concerning that

Reply
Avatar of Abubakar
Abubakar September 15, 2021 - 9:54 pm

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

Reply
Avatar of Admin
Admin September 15, 2021 - 10:19 pm

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

Reply
Avatar of yahaya adamu
yahaya adamu September 10, 2021 - 7:57 am

My loan is not respone

Reply
Avatar of Admin
Admin September 10, 2021 - 12:02 pm

Be more patient, your application is still being processed.

Reply
Avatar of suleiman Abubakar
suleiman Abubakar September 8, 2021 - 6:47 am Reply
Avatar of Michael Ola
Michael Ola September 8, 2021 - 10:56 am

Proceed and submit your loan application on the right portal

Reply
Avatar of Sabiu dalhatu
Sabiu dalhatu September 5, 2021 - 12:39 pm Reply
Avatar of Mr mai kyau
Mr mai kyau November 10, 2021 - 3:56 am

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

Reply
Avatar of Samuel Maxwell
Samuel Maxwell November 10, 2021 - 7:06 am

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

Reply
Avatar of Mr Mai kyau
Mr Mai kyau November 11, 2021 - 4:55 pm

Thank you.

Reply
Avatar of Mr Mai kyau
Mr Mai kyau November 11, 2021 - 4:56 pm

I am still facing same problem.

Reply
Avatar of Samuel Maxwell
Samuel Maxwell November 11, 2021 - 8:06 pm

What problem?

Avatar of Fadima Muhammad lawan
Fadima Muhammad lawan September 1, 2021 - 9:30 pm

I need your assistance

Reply
Avatar of Michael Ola
Michael Ola September 1, 2021 - 11:33 pm

How should I assist you?

Reply
Avatar of Bilyaminu Idris
Bilyaminu Idris August 29, 2021 - 7:32 am Reply
Avatar of Michael Ola
Michael Ola August 29, 2021 - 9:14 am

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

Reply
Avatar of Abdussalam sani
Abdussalam sani August 28, 2021 - 2:44 pm

I wont benifit for this oppotunities

Reply
Avatar of Michael Ola
Michael Ola August 28, 2021 - 3:17 pm

Good, follow the instructions carefully to apply…

Reply