More

    Agsmeis Loan

    Agsmeis Loan

    Do you have a farm or a small business that needs financing? In this article, you will learn everything you need to know about AGSMEIS Loan and get to know how you can get up to N10 million to finance your business.

    Agsmeis Loan

    Requirements

    To qualify for the CBN Agri-business, Small and Medium enterprise Scheme (AGSMEIS) loan, you must meet the following requirements:

    • Your business must be registered with CAC
    • You will provide evidence of tax payments
    • Your bank account(s) must have BVN.
    • You will provide a letter of Introduction from your religious leader or local government chairman or your community leader.
    • You must provide a letter of Guaranty from your guarantor.
    • A proof or certification by an EDI showing that you have been trained for the loan.

    Fill clearly the new form with all the details required , sign and get them authenticated by Economic Development Centre (EDC).

    How to apply

    The AGSMEIS which means Agri-business, Small, Medium scale Enterprise Scheme loan has the following applications procedures:

    • The first step of AGSMEIS loan application is to under training with an Entrepreneur Development Centre (EDC).
    • After the training, you will apply the loan through the EDC under which you were trained.
    • The EDC will then send your application to CBN for processing.
    • You will be invited for an interview regarding your business.

    Those found worthy after the interview will be called and given the loan.

    You can click the link to get started with the application process.

    Interest Rate

    The interest rate of the AGSMEIS loan is 5% per annum.


    Other Popular Banks That Gives Loans In Nigeria:


    Repayment

    The repayment of the AGSMEIS loan is spread in the period of 7 years maximum. You are required to make monthly installment payments in which the interest is included until you pay all.

    Pros & Cons

    Pros Cons
    • Flexible repayment options
    • Maximum tenor of 7 years
    • You can borrow up to N10 million
    • Collateral required
    • Guarantor required
    • The process of application is rigorous.

    Mobile App

    N/A

    Customer Care

    You can write the customer service via the mail: info@nfmb.com.ng

    Official Website www.nmfb.com.ng/sme
    Contact Number +2347041800003

    Branches & Head Office

    House 1, Plot 103 /104, Monrovia Street, Wuse 2 , Abuja

    Found what you wanted? Take a look at these: Lapo Microfinance Bank Loan,Rosabon Finance Quick Loan,Uba Loan

    Share

    Recent Posts

    Airtel family and friends 2020: Definitive Guide

    Airtel family and friends is a special tariff from Airtel Nigeria that allows subscribers to enjoy cheaper call rates to 5 numbers...

    Airtel Nigeria Data Plans: Subscription Codes & Prices

    Airtel Nigeria is undoubtedly one of the best leading global telecommunications companies in Nigeria. Its official name is (Bharti Airtel Limited),...

    Airtel Night Plan for 2020: Get 500MB for N25 & 1.5GB for N50

    Airtel Night Plan Airtel midnight browsing plans has been up and running for a while now. However, over the...

    Why should I secure my car with a GPS Tracker

    Often times, vehicle owners are puzzled with the dilemma of whether they should get a vehicle tracker installed in their vehicle. Jucai,...

    Ecobank sort codes and branches in Nigeria

    Ning For Not Studying Well, Using The Delusion Replaces The Truth, And The C2040-415 Certification Sister In Law Lsat Practice Tests Cannot Teach...

    Recommended Reads

    Etisalat Data Plan Subscription Codes – 9Mobile Data Plans

    Etisalat Data Plan Subscription Codes or better still 9Mobile Data Plans are one of the most searched terms online for smart phone users. However , Etisalat...

    How do I know if my SIM card is 4G?

    The simple and straightforward way to know if your SIM card is 4G compatible is to insert the SIM into a 4G smartphone, power...

    Airtel Night Plan for 2020: Get 500MB for N25 & 1.5GB for N50

    Airtel Night Plan Airtel midnight browsing plans has been up and running for a while now. However, over the...

    How To Recharge Glo Airtime & Buy Data On Glo

    Here's how to recharge Glo airtime and also transfer Glo data Did you just got a new Glo sim card and haven't loaded your Glo...

    How to transfer Glo Data

    This guide in on how to transfer Glo data from one Glo user to another. If you need information on how to share data on...
    Agsmeis Loan

    Related Articles

    Airtel family and friends 2020: Definitive Guide

    Airtel family and friends is a special tariff from Airtel Nigeria that...

    Airtel Nigeria Data Plans: Subscription Codes & Prices

    Airtel Nigeria is undoubtedly one of the best leading global telecommunications...

    Airtel Night Plan for 2020: Get 500MB for N25 & 1.5GB for N50

    Airtel Night Plan Airtel midnight browsing plans has been...

    Why should I secure my car with a GPS Tracker

    Often times, vehicle owners are puzzled with the dilemma of whether they...
    Previous articleSnapcredit Loan
    Next articleZedvance Loan