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NMFB Clarify NIB Non-interest Loan Tenure To recipients



NMFB Clarify NIB Non-interest Loan Tenure To recipients

NIB Non-interest Loan Tenure – This new update was given buy by the Management of the NIRSAL Microfinance bank to clarify the issues regarding the non-interest loan tenure to beneficiaries.

If you are a beneficiary of the NMFB Non-interest loan, then this post is for you. We will be discussing the NIB Non-interest loan Tenure.


However, in reference to the NMFB, in view of adding more light to the fake rumour relating to non-interest banking goods in relation to NIRSAL Microfinance bank.

NMFB will be glad to inform the public in general, that the 25% makes up the total profit margin of establishment for its three years tenure.

Moreover, this can be paid back to Nirsal Microfinance bank throughout the period of the loan.

This is very essential to note that the non-interest loan provided by the TCF is to be used within the provided regulations of the MURABAHA scheme of non-interest lending.

Furthermore, the loan that was or is obtained should only serve for the purchase of goods and equipment at a planned margin of profit.

NIB Non-interest Loan Tenure Instructions

NMFB has advised applicants that before having the interest to apply for the no-interest loan for any of the intervention loan scheme disbursed by the Nirsal Microfinance Bank, that should provide an ONLY valid phone number.

This method has become so important in other to serve you better. Please note that the non-interest loan is open or available for ALL Nigerians.      

Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.

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