Current nirsal microfinance bank loans you can access now

Nirsal Microfinance Bank has lunched new loans schemes different from the  common ones they were known for . In this write-up , you  will know

1. NEWLY LUNCHED NIRSAL MICROFINANCE BANK LOANS YOU CAN BENEFIT FROM 

2. HOW MUCH YOU CAN ACCESS FROM ANY OF THESE LOAN SCHEMES

3. INTEREST RATE OF THESE LOANS

4 . MORATORIUM

5 . REPAYMENT PERIOD

6. HOW TO APPLY FOR THESE LOANS

7 . WHERE TO GET NIRSAL MICROFINANCE BANK NEAR YOU

NIRSAL MICROFINANCE BANK which is well known for disbursing federal government intervention funds has launched its loan schemes . From these schemes , you can obtain  three hundred thousand to Millions of Naira .

Now , let me take you through these three loan schemes you can access

NMFB SALARY ADVANCE

This loan is specially designed for government salary earners .That is to say , the loan is meant for civil and public  servants .

HOW MUCH CAN YOU ACCESS FROM SALAD LOAN :  while interacting with one of the staff , I was told that only three hundred thousand can be obtained

now . However , the facility will be increased  later.

YOU CAN ALSO CHECK 9 LEGIT PLACES YOU CAN ACCESS LOAN IN 72 HOURS

NMFB PETTY CASH NOW NOW :

the petty cash now now  is designed for Artisans ,  petty traders .  (products :food , electronics , allied products . computers /phones .spare parts , building material , etc) available products include MICRO –LOAN PETTY CASH NOW NOW .

 via this loan  scheme one can obtain  five hundred thousand and below  without security and your business need not be registered with Corporate Affairs Commision but  you must fall into the aforementioned categories : Artisans and petty traders 

     NMFB SME LOAN

:  This  is mainly for small , medium enterprises . Via this scheme ,  you can access   at least one million Naira  or  above . There are conditions attached to this  loan . To access anything above one million Naira , you must  provide security worth at  least 120 percent  of the facility to be taken .

In this case for an instance ,if you are borrowing 1 million Naira , the security /collateral provided should have worth or current value of 1.2 million Naira.

The security to be provided could include vehicles , land , etc .

HERE ARE THE MAJOR CONDITIONS OF THESE LOANS

• MORATORIUM : unfortunately , there is no grace period  for all these loans . once you collect it ,  you start paying back the next month. 

Let’s assume you collected money any of the loans in the month of September , you will  start paying  back from the month of October .

• INTEREST : interest rate  for all these loans is 23 percent per annum .  This simply means that interest to paid back monthly is 1.9 percent monthly and I must confess this is not bad at all .  If you borrowed one million Naira loan , your interest every month  will be 19,000

• REPAYMENT PERIOD : Again , you have only one year to pay back  the loan borrowed

                 HOW DO  YOU APPLY FOR THIS LOAN ?

The application of these loans is not done online . To apply for any of  these loans you would physically visit any  Nirsal Microfinance Bank   near you , open an account with them and then apply for the loan:

To create account with Nirsal Microfinance Bank you will be needing  Current Utility bill , passport , valid id card such as Permanent voters card , NIN , drivers license , international passport  and if necessary two thousand Naira to five thousand Naira

WHERE CAN I LOCATE NIRSAL MICROFINANCE BANK AROUND

To  locate Nirsal Microfinance Bank is simple , kindly walk into any post office near you , especially central post office , you will see Nirsal Microfinance Bank there