NIRSAL MFB Loan Application Portal Login

NIRSAL MFB Loan Application Portal

The Central Bank of Nigeria has a long list of different funding scheme that are geared towards increasing entrepreneurship, grow small business as well as increase the number of employed individuals in the country. This initiative by the CBN is known as the Nigerian incentive based risk sharing system for agricultural lending (NIRSAL). This scheme was started in 2011 and incorporated in 2013. This public private scheme has an estimated budget of five hundred million dollars ($500,000,000) which will form the core basis for financing agri business.

The NIRSAL MFB loan was helpful during the COVID-19 period, most businesses suffered, limited access to financing as well the aim to grow more food contributed as to why most individuals decided to opt for the Nirsal Microfinance Bank Loan.

One good thing I’ve come to learn is that the procedure of getting loans is not as tedious as it use to be, in essence you can actually have you’re an approval for your Nirsal MBF Loan application, a simple visit to www.nmfbloans.nmfb.com.ng can help you start up the process immediately.

How Apply For NIRSAL Microfinance Bank Loan

I will list out a few simple steps to take in order access this loan facility;

1. Visit the NIRSAL Loan Application Portal by clicking on HERE to login.
2. Click on the portion that says Non-interest facilities, this option is targeted at small and medium enterprises as well as households, Agri business.
3. Select the loan type, there are three options on the menu, (i) Household (NITCF), (ii) SME (NITCF), (iii) AGSMIS (NITCF).
4. Enter reference number
5. Fill in all the necessary information as required on the form.

After following all the required instruction, next is to wait for further instruction. Good thing about it is that you can actually check your application status to know the where you stand as regards your application. This procedure can as well be used to get offer letter

How To Check Nirsal microfinance Loan Application Status

Now that you have successfully applied, it is now time to commence what I call Nirsal loan checking, below are steps to check your loan status;

1. Visit the non-interest TCF credit application page to login
2. There are 6 steps to take, first step is to select either New or Returning applicant

• Then continue by clicking either Reset or Next

The procedure is very simple, proceed to the next step and continue until finish.

Filling The Guarantor Form – What You Need

Applicants are required to provide guarantors before they are deemed eligible to access these loans facilities. Here I have listed some of the information you need as guarantor to complete the guarantor form, check below;

1. Your government name in full
2. Your BVN
3. A valid email address
4. Your phone number
5. Prove of how long you have known the applicant
6. Complete the form by agreeing that you will be His or Her guarantor
7. You can now click to submit the form.

NIRSAL MFB Loan Application Requirement

In as much as this loan scheme is open to all that are interested, however, there are conditions that must be met to have access to this CBN loan, see below;

1. Have an account with Nirsal Microfinance bank
2. Ensure to complete the application form on the Nirsal Mfb loan application login portal https://nibloans.nmfb.com.ng/.
3. Provide your BVN number as issued by your bank, this helps in the verification process of all the applicants.
4. Submit your verifiable company name, this will be certified at the corporate affairs commission, it simply means that the company must be registered at the CAC.
5. Now get a profession that can help you to draft a presentable business plan to the loan issuing institution, the business plan should have all the vital information, including an executive summary, market analysis, competitor analysis, management of the company, financial projection etc.