List of Federal Government Interest-free Loans in 2024

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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.

5. CBN AGSMEIS loan

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”

  2. Blessing Maxwell

    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

  3. Blessing Maxwell

    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

  4. ELIJAH MOSES

    Pst Elijah Moses. Please I need a loan of #1,000,000 to start a business transport.

  5. SONOFMOSTHIGH

    I need a loan of #300,000. Am ready to give my nysc certificate as collateral

  7. Benedict Aga

    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.

  9. Faith Monday

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

  10. Akintobi Jamiu

    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.
    Thanks

  12. Nsisong Okon Ekpai

    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

  13. Nsisong Okon Ekpai

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

    1. Umoh uduak

      Please I need a loan to start a business eg. Selling of food stuff and other items

      1. Musa Abubakar Awodi

        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)

  17. Pst Egwolo Choice ,O.

    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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