NIRSAL Microfinance Bank – Loan details
NIRSAL government-backed loans from ₦1,000,000 to ₦100,000,000 at 9% annually.
Loan amount
₦1.0M – ₦100.0M
Interest from
9.00%
Term
12 – 60 months
Approval
5 business days
Pros
- ✓ Very low 9% annual rate
- ✓ Government backing
- ✓ High loan limits
Cons
- ✗ Complex application process
- ✗ 5+ business days approval
- ✗ Agriculture/SME focus only
Requirements
- Business registration
- Business plan
- Valid ID
- BVN
- Collateral may be required
Company information
NIRSAL Microfinance Bank Limited
Agundo House, Plot 2186 Herbert Macaulay Way, Wuse Zone 6, Abuja
https://www.nmfb.com.ng
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.