NIRSAL Microfinance Bank Non-Interest Loans

NIRSAL Microfinance Bank Non-Interest Loans

Following the Central Bank of Nigeria’s decision to extend a loan opportunity to firms, businesses, and households affected by the ongoing Covid 19 pandemic, NIRSAL Microfinance Bank’s portal has opened for applicants who meet its criteria.

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Micro, Small, and Medium Enterprises (MSME) with proof that the pandemic has had a significant impact on their business and proof of job protection for their employees are eligible to apply for this loan.

Airline service providers, health, pharmaceuticals, and medical supplies, as well as other income-generating businesses designated by the CBN, can apply, as can Shari’ah complaints.

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

Applicants who want to apply for a no-interest loan should do so through their official website.