I have seen that many Nigerian youth enthusiasts benefit from the Nigerian Youth Investment Fund (NYIF) programs, which are funded by the Central Banks of Nigerian (CBN), to become self-employed, independent and productive but has always found it difficult to apply after receive advance notice from affiliates. I also suffered the same fate but ultimately succeeded.
It is with the help of those who have not yet completed their application that I decided to write this article, to make them aware of the many forms they will fill out in each section and how to overcome network hick-up. This description is useful for the benefit of those who have prepared in advance for the model and received the message by SMS or e-mail.
What ever, for those whose sermons before are still hanging, I will begin to explain by having a simple level to help them immediately connect in their phone number at e-mail. But before I get down to the main gist, I have to tell you that the pages of the site are very hard to break.
How I made my way to or from multiple clicks. It works like magic for me and I have a free hitch registration. Yes, you have to be patient at every step. So, let’s go through the steps involved.
Step 1: Login to the NYIF portal (https://nyif.nmfb.com.ng) on your browser. Preferably, use the Chrome browser. Once that is done, you will be taken to the home page, as shown below.
You can see three commands (Apply Here, NYIF Application and Login) above. If you have not confirmed your email and created your user password, then you need to start from/with the Loan Application command.
Step 2: Click the Loan Application button, then you will be taken to the page shown below, where you would be required to input your BVN for nyif verification and Validation. Once you have typed in you NYIF BVN, click the VALIDATE BVN button.
Once that is done, you will be taken to the next page as shown below. The only thing you need to do here is to create your user password as every other information about you is automatically generated from your BVN data.
Step 3: Once you have entered your desired password and confirmed it in the second box, click the Create Account button. You will be then taken to the confirmation page as shown below.
Step 4: At this point, you will now go to your email to confirm/verify your email account used in creating the account. Click on the link enclosed in the mail. Then you will be taken to the User Login Page where you will be required to enter your email/BVN/Phone number and the Password you created earlier to login to your account to continue your application. Once that is done, click the Login button and you will be taken to your Dash Board.
Then from your dash board, select the continue application command. Once that is done, you will be taken to the page as shown below.
In this page, you are required to describe the nature of your business after you have selected the most suitable Business Sector and Enterprise Type in which your line of business belong. Once this is done, click next, then you will be taken to the page below.
Step 5: In this page, you will have to provide your Account name and number (linked to your provided BVN), tell them why you need the loan (in the Loan Purpose box), the amount you want (in the Proposed Loan Amount box), the loan tenor and moratorium. Once you have done these, click next. Then you will be taken to the page below where you will be required to provide such information like your average monthly earnings, expenses, net profit, your average annual income, operating expenses and net profit, etc. Once you have provided these information, click next. Then you will be taken to the Acceptance of Terms and Condition page.
Step 6: This is the submission stage. At this stage, click the square box to accept the terms and conditions after providing information as to how you came to know about the scheme in the box above. Once you have done that successfully, then you have applied for the loan. Your dash board will now look like what you see in the image below.
The next step is to be checking Review Other Letter folder always to see if your loan has been approved. But upon submission, if you click it, what you will see is the information below.
But don’t fill bad. Once you have applied successfully and your information meet the selection criteria, you would definitely get the loan.
I believe this articles will guide you well. Follow us for more update on the NYIF Loan scheme.