Great news for Nigerian farmers, entrepreneurs, and small business owners — the NIRSAL Loan Application Portal for 2025/2026 has officially reopened! This update means thousands of Nigerians can now apply for affordable funding to support their agricultural, business, or cooperative projects.
If you missed previous NIRSAL loan opportunities, this is your chance to apply online and access CBN-backed financial assistance through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL).
In this detailed guide, we’ll walk you through everything you need to know — including loan categories, eligibility requirements, how to apply step-by-step, and how to check your NIRSAL loan status in 2025/2026.
What Is NIRSAL?
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is an initiative of the Central Bank of Nigeria (CBN) designed to improve access to finance for agricultural investors and small businesses.
NIRSAL works by reducing risks for commercial banks and microfinance institutions, making it easier for Nigerians to obtain low-interest loans for agribusiness, SMEs, and cooperatives.
Over the years, NIRSAL has empowered thousands of farmers and entrepreneurs through the NIRSAL Microfinance Bank (NMFB) loan programs.
Why the 2025/2026 NIRSAL Loan Portal Reopening Matters
The reopening of the NIRSAL Loan Application Portal for 2025/2026 is a vital opportunity for Nigerians who want to:
Start or expand their agricultural ventures
Boost their small and medium-scale businesses
Access government-backed financing at low interest rates
Receive training and business support from NIRSAL experts
With inflation and rising production costs affecting small businesses in Nigeria, this loan window provides much-needed financial relief to help individuals and organizations recover, grow, and sustain their operations.
Types of NIRSAL Loans Available in 2025/2026
The NIRSAL Microfinance Bank offers multiple loan schemes depending on your business type and goals. Below are the major categories:
1. AGSMEIS Loan (Agri-Business/Small and Medium Enterprise Investment Scheme)
This loan is for entrepreneurs and SMEs involved in agriculture or production-related ventures.
Loan amount: ₦500,000 – ₦10 million
Interest rate: 9% per annum
Repayment period: Up to 7 years
Requirement: Business plan and proof of business registration
2. Anchor Borrowers Programme (ABP)
Designed specifically for farmers and cooperatives, this scheme provides financial and input support to improve food production.
Loan covers seeds, fertilizers, farm tools, and mechanization
Farmers repay after harvest
Backed by CBN and NIRSAL guarantees
3. NIRSAL Household Loan (Targeted Credit Facility – TCF)
This loan supports individuals and families affected by economic challenges.
Loan amount: ₦250,000 – ₦1 million
Interest rate: 5% per annum
Repayment period: Up to 3 years
4. SME Loan
Tailored for business owners looking to expand operations or purchase equipment.
Loan amount: ₦1 million – ₦10 million
For registered businesses only
Requires verifiable business and bank details
Eligibility Requirements for NIRSAL Loan 2025/2026
To qualify for the NIRSAL Microfinance Bank loan, applicants must meet the following conditions:
Must be a Nigerian citizen with valid identification (NIN, Driver’s License, or Voter’s Card).
Must have a Bank Verification Number (BVN).
Must own or manage a registered business or a verifiable agricultural enterprise.
Must present a business plan or proposal showing how the funds will be used.
Must have an active bank account with any Nigerian financial institution.
Cooperative groups must be formally registered and recognized by NIRSAL.
Step-by-Step Guide: How to Apply for the NIRSAL Loan 2025/2026
Follow these easy steps to submit your loan application successfully:
Step 1: Visit the Official NIRSAL Loan Application Portal
Go to the official NIRSAL Microfinance Bank website:
👉 https://nirsalmfb.cbn.gov.ng or https://nirsalmfb.com
⚠️ Important: Be cautious of fake websites or agents claiming to help you apply. Only use the official NIRSAL website.
Step 2: Choose Your Loan Category
Select the loan scheme that matches your business type:
AGSMEIS Loan for small businesses
Anchor Borrowers Programme for farmers
Household Loan for personal funding
SME Loan for medium-scale enterprises
Step 3: Create Your Account
Sign up with your name, phone number, email address, and BVN.
Once registered, a verification link will be sent to your email. Click the link to activate your account.
Step 4: Complete the Application Form
Fill in your personal and business details carefully, including:
Business type and location
Amount requested
Purpose of the loan
Upload necessary documents (CAC registration, ID card, business plan, etc.)
Ensure all documents are clear and valid before submission.
Step 5: Submit and Await Confirmation
After submission, NIRSAL officials will review your application.
If approved, you’ll receive a confirmation email or SMS, followed by disbursement into your bank account.
Step 6: Track Your Application Status
You can check your loan approval status online:
Visit the NIRSAL MFB portal
Log in with your credentials
Click on “Check Loan Status” to view updates
How Much Can You Borrow from NIRSAL in 2025/2026?
Loan limits vary depending on your category:
| Loan Type | Minimum Amount | Maximum Amount |
|---|---|---|
| Household Loan | ₦250,000 | ₦1,000,000 |
| SME Loan | ₦1,000,000 | ₦10,000,000 |
| AGSMEIS Loan | ₦500,000 | ₦10,000,000 |
| Anchor Borrowers | ₦1,000,000 | ₦25,000,000 |
Interest rates range from 5% to 9% annually, with repayment periods of 12 to 36 months.
Documents Required for NIRSAL Loan Application
When applying, ensure you have the following ready:
National ID, Voter’s Card, or International Passport
Bank Verification Number (BVN)
Proof of business ownership (CAC certificate or farm registration)
Business plan or feasibility study
Recent passport photograph
Utility bill (for address verification)
Benefits of Applying for NIRSAL Loan
Applying for a NIRSAL loan comes with multiple advantages:
✅ Low interest rate (5–9% per annum)
✅ No collateral for small loans
✅ Access to business training and financial guidance
✅ Quick loan processing time
✅ Government-backed support through CBN
Common Mistakes Applicants Should Avoid
To increase your approval chances, avoid these common errors:
Providing incorrect BVN or contact details
Uploading unclear or incomplete documents
Submitting multiple applications with different details
Ignoring email or SMS verification requests
Always review your application thoroughly before final submission.
How to Contact NIRSAL Microfinance Bank
If you need help or encounter challenges during your loan application, you can reach NIRSAL through:
Website: https://nirsalmfb.com
Email: [email protected]
Phone: 09010026900
Visit any NIRSAL MFB branch across the 36 states of Nigeria.