CBN NIRSAL MFB AGSMEIS

CBN NIRSAL MFB AGSMEIS

Lender

Central Bank of Nigeria

Eligibility

The  Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) 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. This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement takes six(6) to eight(8) weeks. Currently, it could take up to 4 months because of the backlog of applications

Loan Limit

Maximum Limit: N10M

Interest Rate

Maximum Interest Rate: 9% p.a
Moratorium available

Max Tenor

Maximum Tenor = 7 years

Security Required

No security offered apart from title to equipment bought with the loan which would remain with NIRSAL.

Documents Required

Get trained by first selecting a CBN-Certified Entrepreneurship Development Institute (EDI) to guide you through the loan application process and ensure that all your documents are complete

The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Approval Time

About Four (4) months from the time you submit all the required documentation

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
10 00010 000 000
160
050
 
 
 

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