NIRSAL Microfinance Bank Non-Interest Loans

Following the CBN’s determination to extend a loan opportunity to firms, businesses and households that have been affected by the ongoing Covid 19 pandemic, NIRSAL Microfinance Bank’s portal has given applicants who meet its criteria the opportunity to apply.

Micro, Small and Medium enterprises (MSME) with proof that the pandemic has drastically affected their businesses and proof of job protection for it’s staff can apply for this loan.

Businesses such as Airline service providers, health, pharmaceuticals and medical supplies, and other income attracting businesses designated by CBN can also apply, as well as Shari’ah complaint.

MSMEs can apply for a maximum loan of N2,500,000, while households can apply for a maximum loan of N1,000,000.

Applicants who wish to apply for a non-interest loan should apply using their official portal.