List of Federal Government Interest-free Loans in 2024

Welcome to the Federal Government interest-free loan guide! This is loan is provided by the government of Nigeria, and you can borrow money without having to pay any extra money (interest) on top of what you borrowed.

This loan scheme is more like getting financial help from the government, and you only pay back the exact amount you borrowed without any additional charges. Before you continue with this article, ensure you read CBN loans and how to apply.

Please, keep in mind that some loans below are interest-free while some are of very low-interest rate. They can also be classified as small business loans and personal loans. The category of people that are eligible to benefit from these loans are: Youths, Farmers, Business owners, Households.

List of Federal Government Loans

Below is the list of the loans and link to guide you more:

1. Presidential Conditional Loan and Grant

This initiative is a component of the Presidential Palliative Program aimed at catalyzing financial growth for small businesses nationwide, including Nano businesses. You can access both Grant and Loan. If you are interested, go to how to apply for presidential conditional loan and grant for details.

2. Central Bank of Nigeria (CBN) NIRSAL COVID-19 Loan

This is a government loan opportunity through CBN aimed at helping business owners and households in Nigeria to recover from the economic challenges caused by COVID-19 pandemic. If you are interested in this loan, you can check out this post: A Guide To Apply for CBN NIRSAL Covid-19 Loan.

3. NYSC CBN Loan

This loan has been in existing for a while. It’s a loan initiative for NYSC members and Ex-members to enable them to start up a business so they won’t depend on white-collar job after their service year. For more details and application guide for this business loan, you can check how to apply for NYSC business loan.

4. Nexit Loan

This business loan is for exited N-power beneficiaries. Through this scheme, the Central Bank of Nigeria (CBN) disburse funds to exited volunteers of the Npower program who applied via the Nexit portal.


The Agric, Small and Medium Enterprise Scheme is an initiative of the Central Bank of Nigeria to help agricultural related businesses in Nigeria. For more details and application guide, check this post AGSMEIS Loan Application Portal.

6. NHF loan from Federal Mortgage Bank of Nigeria

The National Housing Fund (NHF) loan is a federal government initiative to facilitate the provision of affordable housing for Nigerians. For details, check this post: how to access NHF loan from federal mortgage bank.

7. TraderMoni Loan

This free interest loan from the Federal government through the Government Enterprise and Empowerment Programme (GEEP), was created specifically for Nigerian petty traders and artisans. Read more by checking this post: how to apply for FG TraderMoni loan in Nigeria.

8. FarmerMoni loan

The Federal government in a bid to support and encourage petty farmers created this loan. This loan initiative is under the Government Enterprise and Empowerment Programme (GEEP). You can apply via Bank of Industry website.. Read more at how to apply for FarmerMoni loan in Nigeria.

9. MarketMoni loan

MarketMoni is a part GEEP. It is a federal government loan initiative created to offer financial help to business men and women. This loan is very similar to TraderMoni loan. You can read this post: how to apply for MarketMoni loan in Nigeria.

10. NYIF Loan

The Nigeria Youth Investment Fund (NYIF) is a loan initiative from the federal government to finance the business ideas of our youths on order to reduce the rate of unemployment in the country. To know more about this business loan, check: NYIF Loan Application Portal Is Live Again.

227 thoughts on “List of Federal Government Interest-free Loans in 2024”

  1. Please I need the money for my account details is as follows:palmpay a/c no;7042076364

  2. Please I need this loan to start up my business. Access bank 1487496922 Borose Ebiakpome Angela

  3. I need the money to boost my business, my ACC. No 2781157464 Eco bank my number is 08033730526.

  4. I want to start business and little money i get i buy little and hi never a hanoof for me if will be possible that is my account number 2366623561 zenith bank phone number 07031030885


  6. I oyelayo Titiloye Abosede need your loan to boost my business and to let my business improve. I will be very happy if my application is granted

    • Thanks you sir for the information released concerning loan. Please kindly permit to ask this question, what is the last range that someone can apply like farmer.

  7. I want to be a beneficiary of this empowerment so I can use it to build my business. Thank you

    • Please i need loan am a civil servant, i need a loan of 500,000. To be paid back in 32 months. Am working with kogi state college of education, Ankpa. My full address is Behind Nigeria Police Command, off Ojogobi road Ankpa.

  8. How can I get the form, I seriously need the Loan to boaster my business

    • How can they form is not working how can get it started which place that will get it started raining I need the loan for my farms work

  9. I need to expand my business to get more about my country god bless Nigeria mother of the African

  10. I need loan to expand my business and also create more room for employment. God bless Nigeria!

  11. I applied on the 16th of March, 2021, & am yet to get any notification since then.

  12. I need a loan to improve my rice packaging business, I package in 1kg, 1.5kg and 25kg bag. What loan should I go for and where do I go. Thanks

  13. Am trying to update my credentials but isn’t going am desperate to right text me o more please help me

  14. Kpera Timothy, please and please I need a loan to help my farming I have apply from the mouth of jun 18 this year up till no loan has being to me, please need you people to at list help

  15. My name is henry pls sir I need the loan for business like 5 million naria only Masha Allah

  16. Please sir I need a loan to start up support my business like#900,000 up words please i need help and you need to help me sir thank for your understanding

  17. Please sir I need a loan to start up support my business please i need help and you need to help me sir thank for your understanding

  18. Please sir/ma
    I’m an experienced barber seriously in need of a loan to start up my own shop. #700,000 is enough to start this bussiness but I’m finding it difficult to get a loan. Honestly I’ll be grateful if I’m considered. God bless you.

  19. Please, I need a loan of 100,000 for foodstuff business. I am waiting for reply. Thanks.

  20. Good day Sir/Ma.
    Please I want to collect loan for my work, am a video editing and coevr event, i want sun of #500,000. Please how can I get it and how to pay it back. I will glady to hear from you.

  21. Please I need a help of loan to start up my food production which I was trained, i have my pharmacy technician permit to place on

  22. Please I need a help of loan i have my pharmacy technician permit to place on

      • With due respect sir/Ma,i am musa Abubakar Awodi. please i need a sum of 500,000 to start up farming project. iam from Kogi State,Omala LG. pls iam ready to pay back 5 tones of soyabeans every season.and i dont mine to use my B.Sc certificate or a plot of land as collateral.
        I graduated with Second class upper( B.Sc Economics)

  23. What about those that were trained October 3rd and 4th 2019 at P T I conference center. We have submitted all needed documents since the month of December 2019. The certificate they gave us is called,SMEDAN by federal Republic of Nigeria.

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