how to apply CBN Non-Interest Loan 2023

Dive deep into the CBN Non-Interest Loan 2023 and explore the possibilities it offers. Uncover application guidelines, benefits, and avenues for financial freedom in Nigeria. For more information, visit the official website of the Central Bank of Nigeria at

Nigeria, a vibrant nation, always seems to innovate and adapt, especially when it comes to financial opportunities.

The Central Bank of Nigeria, in a laudable collaboration with NIRSAL, has unfurled a new avenue for financing that doesn’t rely on traditional interest-based loans.

Think about it: CBN Non-Interest Loan without the nagging weight of interests. Sounds interesting, right?

For more details and to explore this innovative financing opportunity, visit the official website of the Central Bank of Nigeria at

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The Gist of CBN Non-Interest Loan

Non-interest lending. The name itself rings a bell of hope for those who’ve been shackled by the interest rates of conventional loans.

At its core, this facility is geared to bolster Nigerian households, push the limits of AGSMEIS (Agriculture Gradual and Small Business Enterprise Scheme), and fortify the foundation of MSMEs (Micro, Small and Medium Enterprises).

But, how does one navigate through this opportunity?

CBN Non-Interest Loan Application Guide

You’re here because you’ve got the drive and are eager to figure out the “how-to.” We’ve got you covered.

Let’s dive deep:

Step 1: Starting Point

Hop on to the NIRSAL microfinance website. Right there, you’d see a tempting button: “Apply for Non-Interest Facility”. Give that a click!

Step 2: Decision Time

Upon your click, you’re presented with a duo: “NON-INTEREST TCF” and “NON_INTEREST AGSMEIS”. Think of it like choosing between tea and coffee.

For the purpose of this guide, let’s pick the “NON-INTEREST TCF”.

Step 3: Narrowing Down

This is where specificity kicks in. Within the “NON-INTEREST TCF” section, you have the household facility and the SME facility.

It’s like choosing between two delicious slices of cake. What’s your flavor?

Step 4: Registration Rollercoaster

Once your choice is made, the true adventure begins. If you’re revisiting or are a newbie, they’ll ask. Tip: For first-timers, “New Applicant” is your go-to.

Up next, input your BVN, and voila! Some of your data pops up like magic. Fill up any empty spaces, and you’re almost home.

Step 5: Confirmation & Celebration

If all stars align, you’ll be greeted with a message, almost like the universe congratulating you.

And if you’re from the SME realm with CAC registration, you’ve got a special path carved out for you.

Arm yourself with your CAC details and your company’s TIN number, and you’re golden.

Special Highlights of CBN Non-Interest Loan

Household/SMEs—Non-Interest Targeted Credit Facility (TCF-NI)

CBN Non-Interest Loan is like a financial lifeline for those who suffered from the COVID-19 pandemic. It’s designed to support households and revive businesses.

With a principal of 2.5 million NGN, a 3-year repayment period, and a 6-month break (moratorium), it’s more than just a loan; it’s a chance for a fresh start.

AGSMEIS—Non-Interest Agri-Business, Small And Medium Enterprise Investment Scheme (AGSMEIS-NI)

This is like a message of love from the government to the agricultural sector. Managed by CBN, its goal is to provide funds, boost the economy, and create jobs.

The best part? It’s open to everyone, especially women and young people. And because it’s non-interest-based, even those who might not usually qualify for bank loans can access it.

With a maximum amount of N10,000,000.00 available over a 7-year term, it’s nothing less than a golden opportunity.

A Few Extras to Consider

Beyond AGSMEIS, there’s a world of financing waiting to be explored. Think of non-floral items aligned with Islamic financial transaction principles.

These tools, like Murabaha and Ijarah, cater to specific business needs, ensuring every venture, every dream, has its financial backbone.

CBN Non-Interest Loan initiative is a testament to innovation in financial realms. Whether you’re an individual or a business, opportunities await.

All you need is the right direction, which we hope we’ve provided. Dive in, explore, and let financial freedom be your anthem.

for more info do follow /


What’s the core benefit of a CBN Non-Interest Loan?

It allows borrowers to access funds without the burden of paying interest.

How much can one borrow under the AGSMEIS-NI scheme?

Up to N10,000,000.00, subject to eligibility and terms.

Who supervises the allocation of these funds?

The Central Bank of Nigeria (CBN) is in charge of supervising and allocating.

Is the CBN Non-Interest Loan facility only for agricultural ventures?

No, while AGSMEIS-NI focuses on agriculture, TCF-NI targets households and varied SMEs.

Are there any other financing options that align with Islamic values?

Yes, financial tools like Murabaha and Ijarah offer alternatives in line with Islamic principles.

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