AGSMEIS Loan Application – The Nirsal Microfinance bank a few days ago throw its loan Applicants into an anxious state with a tweet stating “COMING SOON”. A situation that left many asking what the bank is up to.
Today, NMFB has revealed what their coming soon statement meant. What they meant is that the New NMEB Improved and Customer-friendly AGSMEIS Loans Application Portal will be launched soon.
Also Read >>> How To Apply For NMFB AGSMEIS Loan 2021
This probably means the AGSMEIS Loan applicants will be getting first-hand information regarding loan application and repayment via the portal when fully upgraded.
For now, the only way AGSMEIS applicants can repay their loans is to visit the nearest NMFB branch closer to them.
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.
How do I access the AGSMEIS loan?
Interested applicants are to visit the AGSMEIS loan application portal https://agsmeisapp.nmfb.com.ng/onboarding and create an account which will enable them start the application process and visit any of the NMFB Certified EDIs for agsmeis training.
What is the interest rate for nirsal agsmeis 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 AGSMEIS 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, this will be handled by one of the NMFB’s certified Vendors while the working capital will be accessible through your account for withdrawal, upon meeting all terms and conditions.
HOW IT WORKS
Get access to affordable loans to start and grow you business in 6 steps
Attend a compulsory training with a NIRSAL MFB certified Entrepreneurship Development Institute (EDI).
Apply For AGSMEIS Loan
Create an account by clicking on ‘Apply now’ as an applicant, validate your BVN and select a NIRSAL MFB certified Entrepreneurship Development Institute (EDI). https://agsmeisapp.nmfb.com.ng/
Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.
Get Business Support Service.
AGSMEIS Loan Application Portal: agsmeisapp.nmfb.com.ng
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