Check NIRSAL Loan Status

How To Check NIRSAL Loan Status

NIRSAL microfinance bank is a trusted national banking institution that offers Multiple purpose loans to interested and qualified applicants.

They offer loan facilities for agricultural businesses, small and medium enterprises, and also micro loans to entrepreneur and traders to help grow their existing business.

How To Check NIRSAL Loan Status

NMFB COVID19 Loan Registration 2021 Eligibility

• Households: Households with verifiable evidence of livelihood adversely impacted by COVID-19
• Micro enterprises: Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic
• Small Medium Enterprises (SMEs): Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic.

How to Apply for CBN NMFB NIRSAL COVID-19 Loan 2021

Visit the official website to apply www.nmfb.com.ng

We will be a guide for you on the steps to follow so you can apply for a loan if you are under the category of those who are eligible.

Step 1:

• Enter the search query Submitting a loan application is the first step. How is this done?
• This is a simple matter.
• The application is submitted via mobile phone or computer or any other communication device using modern technology.
• The loan application is submitted directly to the website of NIRSAL Microfinance Bank (NMFB).
• Here is the website: nmfb.com.ng/covid-19-support/.
• Fortunately, the Central Bank of Nigeria (CBN) has taken the initiative to introduce a mortgagee. The CBN affirmed this reasoning by saying, it took away the need to introduce a person who would stand as a guarantor for the convenience of the lenders.

Step 2

• Confidence In the second step, the NMFB will review and express its consent to the loan application, and submit the application to the central bank, which will issue the final approval.

Step 3

• Once the central bank has completed the review and review of the eligibility requirements for the loan at the final stage, it will also allow the NMFB to distribute the funds to the beneficiaries.
• The CBN has assured that all those who qualify and successfully meet the terms of the loan will receive the funds within 48 hours. For those who have applied but are still silent on the loan application, the CBN advises them to visit the NMFB website (www.nmfb.com.ng) to update their account details.

For complainers: For any complaint, the telephone number can be called as follows: 09010026900, 09010026900. Or send an e-mail to covid19@nmfb.com.ng. visit https://nyif.nmfb.com.ng/app

NMFB Covid-19 Loan Payment 2021

The federal government has initiated disbursement of the COVID19 Support Fund for households and SMEs in need of COVID-19 support loans / survivalfund loans. If you are one of the people who applied for the NIRSAL NMFB Covid-19 loan, you can now check the status of your loan application at covid19.nmfb.com.ng.

How To Check NIRSAL Loan Status 2021 nirsal covid-19 loan portal login

How To Check NIRSAL Loan Status

NIRSAL microfinance bank is a trusted national banking institution that offers Multiple purpose loans to interested and qualified applicants.

They offer loan facilities for agricultural businesses, small and medium enterprises, and also micro loans to entrepreneur and traders to help grow their existing business.

NIRSAL microfinance bank is a trusted national banking institution that offers Multiple purpose loans to interested and qualified applicants.

They offer loan facilities for agricultural businesses, small and medium enterprises, and also micro loans to entrepreneur and traders to help grow their existing business.

How To Check LOAN status Approval ?

As the Central Bank of Nigeria has followed through with their plans of helping individuals and SME (Small to Medium Enterprise) through the Covid-19 trust fund by expending fifty billion naira worth loan to help all individuals throughout Nigeria.

The need has arisen for all applicants to check on their various approval status, and see for themselves if they meet up with the requirements laid down by the CBN through NIRSAL
Many Nigerians since the start of the fund disbursement have received loan ranging from 250,000 to 500,000 and above.

Step By Step Guide ON How To Check NIRSAL NMFBCOVID-19 LOAN Payment

• To access the portal, you must have applied during the registration phase of the COVID-19 Loan through the NIRSAL NMFB portal.
• You must also know that the payment of the loans is for applicants who meet up with the application requirement of the COVID19 Loan Support Fund for households and SMEs.
  How do you know if your application has been approved?
• For any applicants whose loan application has been verified and approved, they will receive an SMS, with a direct link to a NMFB portal.

NB: for those who haven’t received any messages confirming their loan approval, kindly visit this link and follow the instructions below it: https://covid19.nmfb.com.ng

1. First thing is to select the type of loan you applied for. Please note that this can either be in the form of SME or Individual/Households.
2. Verify your account by submitting your BVN
3. The next window will show the amount approved for you. Once seen, you can click on it to confirm and finish with the process of claiming your loan funds.
4. After confirmation, a new tab will pop up, demanding your bank account details.
5. Below the page, you will find the terms and conditions required for the loan. Followed by the director in charge of your payment and his/her details. And the how-to on the repayment procedure.

Repayment for COVID-19 Loan Support Fund

The 5 percent will be deducted before payment, after payment all you need to repay is the amount id after 36 months. Once your BVN has been linked to all your accounts when you failed to repay it will be deducted monthly from your account.