AGSMEIS NON INTEREST LOAN APPLICATION


NON-INTEREST AGRI-BUSINESS, SMALL AND MEDIUM ENTERPRISE INVESTMENT SCHEME (AGSMEIS-NI)

Application is now open for AGSMEIS Non Interest loan. The Non-Interest Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS-NI) is a federal government intervention funding scheme through CBN that is intended to promote agricultural businesses to spur economic development and employment generation in the country.

The non-interest product is an alternative of the existing AGSMEIS program that is based on Islamic principles of financial transactions using products such as murabahah and ijarah. It is a term financing specifically introduced for financing of equipment, raw materials and working capital.

The financing limit is N10,000,000.00 for a tenor of up to 7 years (depending on the nature/gestation period of the project). Applicants may in addition enjoy a moratorium of 6 months for mark-up and 18 months for the principal (a moratorium is a grace period of granted to the customer by the Bank to postpone the payment).

AGSMEIS NON INTEREST LOAN (AGSMEIS-NI) APPLICATION

To Apply for this Scheme: Visit : http://nibloans.nmfb.com.ng/agsmeisnoninterestlending

Originally posted 2022-08-29 20:00:48.