NIRSAL NMFB OBS Loan Application 2023 - The On-Balance Sheet Lending facility is internal loan of NMFB separate from Central Bank of Nigeria intervention funds administered by the Bank. The OBL facilities are funded from depositors’ funds.
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This facility can be applied for by the following:
- Small and Medium Enterprises with good financial track record.
- Petty traders with verifiable businesses.
Individuals with verifiable sources of monthly income (including paid employment for at least 6 months).
- Individuals and business owners in need of household equipment/ and other consumer assets.
- Individuals and businesses operating within the agricultural value chain.
- If you are one of the above, you can access this facility from the OBSL loan portal or by visiting any of our branches.
How to Apply
Step 1
Register and Apply online
The process is easy and simple. You can begin the process by opening NIRSAL loan application portal below on your smart phone, tablet or laptop.
NIRSAL NMFB Loan Application Portal:
NIRSAL Microfinance Bank Loan Portal:
Register with your personal information and validate your BVN online.
Complete the application form online and select a NIRSAL Microfinance Bank branch closest to you.
Visit your selected branch to complete application process.
Step 2
Appraisal and Approval
Your request will be appraised in line with the Risk Acceptance Criteria of the Bank and approved if all requirements are met.
Step 3
Disbursement
Upon acceptance of loan offer which includes terms and conditions of the loan, the approved amount shall be disbursed to the customer’s account in NIRSAL Microfinance Bank
Step 4
Monitoring and Repayment
There shall be close monitoring of the loan to ensure that the customer keeps to the terms and conditions of the loan. Repayment of the loan will start exactly 30 days after disbursement date.
