NIRSAL Microfinance Bank – loan application
Screenshot of https://www.nmfb.com.ng, operated by: NIRSAL Microfinance Bank Limited, used under legitimate licence.
Contact
Company
NIRSAL Microfinance Bank Limited
Address
Agundo House, Plot 2186 Herbert Macaulay Way, Wuse Zone 6, Abuja
Website
https://www.nmfb.com.ng
NIRSAL Microfinance Bank – repayment table
Estimated monthly repayments at 9.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 12 months | 18 months | 24 months |
|---|---|---|---|
| ₦1,000,000 | ₦173,333 | ₦145,556 | ₦131,667 |
| ₦1,500,000 | ₦260,000 | ₦218,333 | ₦197,500 |
| ₦2,000,000 | ₦346,667 | ₦291,111 | ₦263,333 |
| ₦2,500,000 | ₦433,333 | ₦363,889 | ₦329,167 |
| ₦3,000,000 | ₦520,000 | ₦436,667 | ₦395,000 |
Representative example
Loan amount
₦750,000
Repayment term
12 months
Monthly interest
9.00%
Monthly repayment
₦130,000
Total interest costs
₦810,000
Total amount payable
₦1,560,000
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦1.0M – ₦100.0M
Term
12 – 60 months
Interest from
9.00%
Approval
5 business days
Age
18+ years
Online application
Yes
Requirements
- ✓ Valid government-issued ID
- ✓ BVN
- ✓ Active bank account
- ✓ Business plan or farm plan (for commercial loans)
- ✓ 3-6 month bank statement
- ✓ Collateral or guarantor (product-dependent)
Loan features
- Personal, SME and agricultural loans
- Loans from ₦50,000 upwards
- Subsidised rates from 9% per annum
- Access to CBN intervention programmes
- Nationwide presence
- CBN licensed microfinance bank
Ready to apply?
Go to official NIRSAL Microfinance Bank website ad