All You Need To Know About Newly Re-Open NON-INTEREST TCF CREDIT APPLICATION [HOUSEHOLDS, SMEs, TCF-N , AGSMEIS-NI]

All You Need To Know About Newly Re-Open NON-INTEREST TCF CREDIT APPLICATION [HOUSEHOLDS, SMEs, TCF-N , AGSMEIS-NI]

            

i. NON-INTEREST TCF CREDIT APPLICATION [HOUSEHOLDS]

ii. NON-INTEREST TCF CREDIT APPLICATION [SMEs]

iii. NON-INTEREST TARGETED CREDIT FACILITY (TCF-NI)

vi. NON-INTEREST AGRI-BUSINESS, SMALL AND MEDIUM ENTERPRISE INVESTMENT SCHEME (AGSMEIS-NI)

v. REQUIREMENTS FOR NON-INTEREST AGRI-BUSINESS, SMALL AND MEDIUM ENTERPRISE INVESTMENT SCHEME (AGSMEIS-NI)

vi. ACCESSING SITE LINK TO APPLY THE LOAD

NIRSAL Microfinance Bank Non- Interest Banking Portal 

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, NIRSAL Microfinance Bank’s portal is now live for applicants who are eligible under this scheme to apply.

 

WHO IS ELIGIBLE

MSME’s 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 complaint.

Financing limit for MSME’s is N2,500,000, AGSMEIS N10,000,000.00 while Household is N1,000,000. NIRSAL Microfinance Bank Non- Interest Banking Portal  Categories to Apply

NON-INTEREST TCF CREDIT APPLICATION [HOUSEHOLDS]

Our Non-Interest Facilities to Households will assist you in the process of building a businesses or expanding an existing business, and maintaining your lifestyle

NON-INTEREST TCF CREDIT APPLICATION [SMEs]

Our Non-Interest Facilities to SMEs will assist you in the process of building a businesses or expanding an existing business, and maintaining your lifestyle.

NON-INTEREST TARGETED CREDIT FACILITY (TCF-NI)

The Non-Interest Targeted Credit Facility (TCF) is a stimulus package to support household and Micro, Small, and Medium Enterprise (MSMEs) affected by the COVID-19 pandemic. It is a non-interest term facility targeted at small businesses for the financing of key assets for their businesses. The financing limit is N2,500,000.00 for a tenure of 3 years with 6 months moratorium (a moratorium is a grace period of granted to the customer by the Bank to postpone the payment).

NON-INTEREST AGRI-BUSINESS, SMALL AND MEDIUM ENTERPRISE INVESTMENT SCHEME (AGSMEIS-NI)

The Non-Interest Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS-NI) is a federal government intervention funding scheme through CBN that is intended to promote agricultural businesses to spur economic development and employment generation in the country.

The non-interest product is an alternative of the existing AGSMEIS program that is based on Islamic principles of financial transactions using products such as murabahah and ijarah. It is a term financing specifically introduced for financing of equipment, raw materials and working capital.

The financing limit is N10,000,000.00 for a tenor of up to 7 years (depending on the nature/gestation period of the project). Applicants may in addition enjoy a moratorium of 6 months for mark-up and 18 months for the principal (a moratorium is a grace period of granted to the customer by the Bank to postpone the payment).

REQUIREMENTS FOR NON-INTEREST AGRI-BUSINESS, SMALL AND MEDIUM ENTERPRISE INVESTMENT SCHEME (AGSMEIS-NI)

1. Application Status

2. BVN Details

3. Applicant Details [BVN]

4. Applicant Information

5. Bio-Data Information

6. Business Information

8. Financing Information

9. Guarantor-details

10. Declaration

11. Accept Offer Letter

12. Accept Undertaking to Buy

13. Accept Agency Agreement

14. Vendor Details

ACCESSING SITE LINK TO APPLY THE LOAD

Site 1:  NON- INTEREST AGSMEIS : http://nibloans.nmfb.com.ng/agsmeisnoninterestlending

Site 2: NON- INTEREST TCF (HOUSEHOLD) : http://nibloans.nmfb.com.ng/noninterestlendingtcfhousehold

Site 3: NON- INTEREST TCF (SME): http://nibloans.nmfb.com.ng/noninterestlendingtcfsme