We have good news for Nirsal TCF & AGSMEIS Covid-19 Loan Applicants for NMFB NIB Loan. The management of Nirsal Microfinance bank NMFB has given a new update regarding the Non interest Banking NIB loan. Successful applicants have started accepting their over across federation. Check NMFB TCF & AGSMEIS Covid-19 Loan Approval List below:
NMFB NIB Loan News
Nirsal Microfinance bank NMFB has given a new update regarding the Non interest Banking NIB loan. According to NMFB, New NIB Approvals Are Out.
How to check NMFB TCF & AGSMEIS Covid-19 Loan Approval List
Dear Applicant, Your NIB TCF loan has been approved. Click https://nibloans.nmfb.com.ng to accept the offer. For Enquiries call 09010026907.
NMFB management had earlier notified NIB applicants that they should not sign any vendor’s Asset/goods acceptance note or invoice until they confirm that the goods they originally requested for, matches what is being delivered.
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). Apply Online Here
Non-Interest Agri-Business, Small And Medium Enterprise Investment Scheme (Agsmeis-Ni)
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). Apply Online Here
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