Apply for Nirsal AGSMEIS Loan 2024

Nirsal AGSMEIS Loan 2024 – Nirsal Microfinance Bank (NMFB) opens an improved and more customer-friendly AGSMEIS Loan Application Portal for its AGSMEIS Customers.

The only official website to apply for AGSMEIS Loan is https://agsmeisapp.nmfb.com.ng/

What is AGSMEIS?

The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation

The following are what to expect from the new portal:

• Users can track their applications
• Feedback at every level
• Migration of all existing Applications to the new portal and much more

The Agric, Small, and Medium Enterprise Scheme (AGSMEIS) is an initiative from the Central Bank of Nigeria (CBN) for SMEs to access up to N10M at 9% per annum.

The New AGSMEIS application portal link is https://agsmeisapp.nmfb.com.ng

FAQ

How do I access the loan?

Interested applicants are to visit https://agsmeisapp.nmfb.com.ng/onboarding and create an account which will enable them start the application process, or visit any of the NMFB Certified EDIs to guide

What is the interest rate for this loan?

The interest rate is currently at five percent (5%) per annum.

Do I need collateral?

No, this loan scheme does not require a collateral.

Has disbursement started?

Yes we have disbursed over N95B and this is still ongoing.

Upon approval of my loan can the funds be released to me as I deem fit?

No. Your approved loan amount will be disbursed to your NMFB account. For the purchase of your equipment(s)/machineries, will be handled by one of the NMFB’s certified Vendors while the working capital funds will be accessible through your account for withdrawal, upon meeting all terms and conditions.