A Guide on Applying for the CBN Non-Interest Loan

The CBN Non-Interest Loan refers to a financial assistance program provided by the Central Bank of Nigeria (CBN) in collaboration with NIRSAL Micro Finance Bank. This loan initiative is designed without traditional interest charges and aims to support households, small and medium enterprises (SMEs), and those in the agricultural sector that have been adversely affected by the COVID-19 pandemic.

It provides a stimulus package to help individuals and businesses stand firm during challenging times, offering relief funds with specific financing limits, tenures, and moratorium periods.

This guide outlines the steps to apply for the CBN Non-Interest Loan, providing insights into specific schemes for different categories.

Non-Interest Targeted Credit Facility for Households & SMEs

TCF-NI is a relief fund designed to assist Nigerian households and businesses affected by the pandemic. The financing limit is N2,500,000.00, with a 3-year tenure and a 6-month moratorium to ease repayment pressures.

Non-Interest Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS-NI) for AGSMEIS

AGSMEIS-NI is a federal government funding scheme through CBN, focusing on promoting agricultural businesses in Nigeria. It offers non-interest products based on Islamic financial principles, facilitating business growth and financing raw materials, equipment, and working capital. AGSMEIS-N has a financing limit of N10,000,000.00 with a 7-year tenor and an additional 6-month moratorium.

How to Apply for CBN Non-Interest Loan

  •  Visit the NIRSAL Microfinance website.
  • Tap on “Apply for Non-Interest Facility” and choose between “NON-INTEREST TCF” and “NON_INTEREST AGSMEIS.”
  • For TCF, select either Household or SME facility and proceed with the registration.
  • If a new applicant, choose “New Applicant,” input your BVN, and fill in the required details.
  • Successful applicants will receive a congratulatory message.

Additional Information

For SMEs with CAC registration, choose the SME facility and provide the business’ TIN number and CAC-related information.


The CBN Non-Interest loan serves as a crucial stimulus package by the Nigerian government for households, businesses, and agricultural organizations impacted by the pandemic. To apply, follow the provided steps and leverage this opportunity for financial support.

Remember, this comprehensive guide ensures a smooth application process for the CBN Non-Interest Loan, providing support to diverse sectors in Nigeria.

Leave a Comment