Nirsal Loan 2023/2024 | Nirsal NMFB Household Loan

Are you interested in applying for the NIRSAL loan? Do you want to be a partaker in the Nirsal Microfinance bank loan, who will benefit from CBN Covid 19 Loan support? You can check how to login and sign up on the NIRSAL website and also check the status of your loan.

If you want to apply for the Nirsal Microfinance bank loan, you should know that the Nfmb loan is issued by the Central Bank of Nigeria loan support to households and Small Businesses. This could be your only way out to financial freedom

In this article, you will get to know the requirements of applying for the Microfinance bank loan, the interest rate for the Nirsal Loan, how to apply for the NMFB Household Loan with and without having a Microfinance bank account.

Requirements of applying for the Nirsal Microfinance bank Loan

You will need the following when applying for the Loan:

  • Letter of employment
  • Staff identity card
  • Pay slip
  • 6 months statement of account
  • Other forms of identification (National Identity card, international passport, etc)
  • Utility bill
  • 2 passport photographs
  • Guarantor form
  • 6 months other bank account statement.
  • Letter of confirmation of appointment/employment.
  • Direct debit will be placed on customer’s account.
  • Execution of dud cheque indemnity form.

What is Nirsal Loan Interest rate

Nirsal Microfinance bank interest rate for loan is nine percent (9%) per annum. This interest rate is for entrepreneurs, traders and students to access up to N1m for existing businesses.

The interest rate charged by Nirsal on loans is a minimum with the total dependent on the tenor of the loan.


How to get a Loan from Nirsal with a Bank account 2023

With your Microfinance bank account, you can apply for a loan from the Microfinance bank:

  • Download the mobile application on Google play store if you use an Android, and App store for iPhone users
  • Click on the Sign Up button
  • After this, enter your NIRSAL MFB account number as your username and your registered mobile number
  • Click on the Register button
  • After you must have successfully done this, follow the preceding prompt, this is to generate a PIN and password

How to get Loan from Nirsal without a bank account

Do you want a loan from Nirsal Microfinance bank and you do not have a bank account with them? Follow the following steps to apply for loan with Niral:

  • Download the mobile application on Google play store if you use an Android, and App store for iPhone users
  • Click on the Login Button
  • Next up, Click on the Open Account
  • Follow the preceding prompt to complete your registration process

For questions and enquires on the Nirsal Microfinance bank loan, please do well to leave us a comment below.

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