• Home
  • Make Money
  • Loans

Voice of Nigeria

voiceofnigeria.org.ng is the number go-to for making money, grants, fund, loan options and federal government jobs

Check Covid-19 Loan Approval

May 16, 2021 By Amitverain Leave a Comment

How to Check Covid-19 Loan Approval.

The Central Bank of Nigeria (CBN) recently announced it has added $ 50 billion. NGN ($ 120 million) to a targeted credit facility, an incentive program for micro, small and medium-sized businesses as well as households affected by the pandemic. 

There are many Nigerians who applied and want to check Covid-19 Loan Approval.

Funding will be disbursed through the NIRSAL Microfinance Bank, which is a minority stake managed by CBN Nigeria’s Agricultural Credit Risk Sharing Scheme (NIRSAL). Each retail loan will have an annual interest rate of 9% and a term of up to one year. The maximum loan amount is 25 million. NGN ($ 61,000) MSME and $ 3 million. NGN ($ 7,300) for households. The government has previously allocated 2.3 trillion. NGN ($ 6 billion) for pandemic relief measures, including microfinance and other programs.

How to Check Covid-19 Loan Approval.

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

Covid-19 Loan Approval News

NIRSAL Loan Status 2023 | Approval & Application Status 2023

Explore the latest updates on NIRSAL Loan Status 2023. This blog will guide you through the approval process and how ...
Read More

NPC Recruitment News 2023, Salary, Approval Status, Shortlist, and More

NPC News: The National Population Commission (NPC) has announced the commencement of recruitment for the 2023 Population and Housing Census ...
Read More

e-Form A Application and Approval Stages in Nigeria (CBN Tradesystem.gov.ng)

If you are planning to pay for foreign tuition, mortgage, foreign medical bills, Personal and Business Travel Allowance (PTA/BTA), Nigeria ...
Read More

[Updated] Top 20 Loan Apps in Nigeria 2023 (Best Fast Approval)

There are many Nigerian searching for loan apps in Nigeria that can provide fast loans to solve their business or ...
Read More

NYIF Fund Approval Begins: Register Email for Nigerian Youth Investment Fund

NYIF Disbursement Begins: How to Check Nigerian Youth Investment Fund Loan Status If you have applied for a loan from ...
Read More

NYIF Approval Begins: Login NYIF DASHBOARD Check Loan Status

NYIF Disbursement Begins: How to Check Nigerian Youth Investment Fund Loan Status If you have applied for a loan from ...
Read More

AGSMEIS Login | Check AGSMEIS Loan status or Approval 2022

Do you also want to know about AGSMEIS Loan status ? Don’t worry Here, we cover all important information about ...
Read More

NYIF ₦500k Loan Approval Status | NYIF ₦500k Loan Shortlisted Candidates is out

In today’s article we are going to talk about NYIF ₦500k Loan Shortlisted Candidates & Approval Status And you are also ...
Read More

NYIF Approval Begins: Login NYIF DASHBOARD Check Loan Status

NYIF Disbursement Begins: How to Check Nigerian Youth Investment Fund Loan Status If you have applied for a loan from ...
Read More

How to Check NIRSAL loan approval

Nirsal Loan: All Applicants Should Please Check Their Loan Application Status If you applied for NIRSAL loan application, then congratulations another list ...
Read More

Related

FREE REGISTRATION

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search Jobs in Nigeria

Recent Posts

  • How to Check Keystone Bank Account Number on Your Phone Easily
  • Zero Investment: Earning 250000 Naira Per Month
  • Germany Job Seeker Visa in 2023: Without Job Offer
  • Get Ready for NG-CARES Financial Support in 2023: Sign Up Now!
  • Airtel Nigeria Recruitment 2023 General Ledger Executive (200+ Vacancies)
  • NDLEA Cut Off Mark 2023 Recruitment Screening Test
  • Dollar to Naira Today | Dollar ⇆ Naira Exchange Rate
  • Make $68900 – Australia Work Visa Application Open to Nigerian 2023
  • [2023] Make ₦5000 Daily Without Investment
  • Canada Visa Open for Nigeria 2023 – Application Form & Requirements
Copyright © 2020 Voice of Nigeria. All Rights Reserved
Contact   About  Disclaimer  Privacy Policy