Applicants can receive up to N10 million through the CBN AGSMEIS loan, which has an annual interest rate of 9%, a term length of 7 years, and a moratorium period of 18 months.
Loan Interest Rate
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The interest rate on the AGSMEIS loan is only 5% per year at the moment. So, you have to pay back
your loan amount plus interest every year.
AGSMEIS LOAN SCHEME. Grow your business with the assistance of NMFB, a true MSME partner you can count on. An effort with the objectives of promoting sustainable development and expanding chances for employment Apply as soon as possible.
To get this loan, you are going to require some vital documents, which are as follows:
• Duly completed AGSMEIS loan application form.
• Bank Verification Number (BVN).
• Certificate of Training from any authorized Entrepreneurship Development Institution (EDI) or proof of membership in standardized private sector.
• Recommendation letter from either your Priest, district chief, village head, or orthodox ruler. This document is for senior civil servants, etc. (for individuals/small businesses only).
• Proof of your business name registration or organization registration certificate and yearly filing.
• Your Tax Identification Number (TIN).
Loan Field
• Creative & Art Industries
• Fashion, Beauty
• Industrial & Manufacturing
• Agriculture & Allied Processing
• Apparel & Textile
• Arts & Entertainment
• Information & Communication Technology
• Automobiles
• Telecommunication
• Hospitality
• Media & Publishing
• Catering & Event Management
How To Apply The Loan
• Email Address: info@nfmb.com.ng
• Phone Number: +2347041800003
• Website: www.agsmeisapp.nfmb.com.ng
