NIRSAL Microfinance Bank (NMFB) is one of the products that evolve as a result of CBN’s decision to bring more Non-interest loan options/platforms. The NIRSAL Microfinance Bank Portal is currently open for application.
For some time now, several businesses have successfully benefited from the scheme. Read also: New Applicants To Get Loan After System Upgrade – NMFB
Millions of Nigerians had testified how helpful the loan given by NMFB was to their businesses.
Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) and Targeted Credit Facility (TCF) gives such non-interest loans to households and businesses in need.
Qualified applicants are those that were really drawn back because of the COVID-19 pandemic, likewise those who need funds to project their businesses.
The portal for NIRSAL Microfinance Bank (NMFB) is now live for eligible applicants to apply.
Those eligible for the NMFB non-interest loans are;
- Micro, Small and Medium Enterprises (MSME) with a staff strength of fifteen (15), having proof of business interruption by COVID-19.
- Businesses such as Manufacturing firm, Health, Hospitality businesses, Trading, as well as those prescribed by CBN and Shari’ah compliant.
Both Micro, Small and Medium Enterprises (MSME) and households applicants have the maximum loan they’re entitled to.
For MSME’s the limit is two million five hundred thousand naira (N2,500,000).
While the limit for households applicants is a million naira (N1,000,000).
How to Apply For NIRSAL Microfinance Bank Non-interest Loan
Interested and qualified applicants are expected to complete the application process via https://www.nmfb.com.ng/
For further enquiry regarding the Non-interest Loan from NMFB, call 09010026900 or visit the official portal by clicking here.