NIRSAL Microfinance Bank Loan 2021; How to apply.

NIRSAL Microfinance Bank has been licensed by the central bank of Nigeria to offer loans to interested individuals living in Nigeria.

This is one of the provisions of the central bank of Nigeria following the outbreak of the Covid-19 virus.

Since its inception, NIRSAL has taken strongly that the responsibility of refurbishing was necessary to the business of agriculture.

Nirsal is not a financial bank, it is an institution in the business of ensuring investment opportunities in the agribusiness 

NIRSAL Microfinance Bank offers several loan services such as;

Anchor Borrowers’ Program: this loan program focuses on creating and maintaining connectivity among young endeavors with similar interests.

The Agric, Small Medium Enterprise Scheme (AGSMEIS): Applicants of this loan can access up to 10 million Naira. This loan is open to small and medium-scale enterprises. This loan opportunity is open to more than just agribusinesses. The creative & art industries, Industrial & Manufacturing, Information & Communication Technology, and Hospitality industries can enjoy this loan.

To apply for any of the NIRSAL loans that suits you, you must present to the bank; your bank statement of up to six months back, employment letter, the staff I identity card, A utility bill, passport photographs(2), a duly filled guarantor form and NIRSAL loan review.

It is worthy of note that the process does not promise to be seamless, however, it provides a wide range of accessible funds and a very competitive interest rate.

For larger amounts of money, there are larger requirements, and compulsory training is attached to whatever loan type you may choose.


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