Nirsal SME Loan Application Form Portal is now open for Small and Medium Enterprises (MSMEs) in Nigeria. NIRSAL Microfinance Bank (MFB) has introduced SME Loan aimed at providing easy access to credit facilities by Traders and Micro, Small and Medium Enterprises (MSMEs) that need affordable credit facilities to boost their businesses.
Nirsal SME Loan
Small business owners in Nigeria can now access the NIRSAL MFB, loans, following the introduction of two new products.
The new products were part of its On-Balance Sheet Lending Portfolio, for easy access to credit facilities by small business owners who need loans to boost their businesses, and salary earners to cater to immediate needs.
The new product is aimed at making credit facilities easy for every genuine business in Nigeria to access.
The SME Loan, which ranges from N50,000 to N250million, is for micro businesses engaged in trading activities with daily sales.
This product is also open to petty traders in organized markets who have existing businesses and require credit facilities ranging from N50,000 to N300,000 to augment their business capital. The petty trader does not necessarily need to have account history with NMFB or any other bank to access the facility.”
For requirements and eligibility click here
How to apply for Nirsal SME Loan for Small and Medium Enterprises (MSMEs) in Nigeria
NMFB encourages individuals and business owners to visit any NIRSAL Microfinance Bank branch closest to them for more information on these products.