COVID-19 Targetted Credit Facility: Nirsal Microfinance Bank further defines loan Agreement | Check yours now

Complaints may arise if one fails to clearly understand the policies, terms and conditions attached to the COVID-19 Targetted Credit Facility Loan as approval and Disbursement continues.

Having foreseen that, the Nirsal Microfinance Bank has restated the policies, terms and conditions in a bid to make it more clearer to the Beneficiaries of the Scheme.

To view your personal Policy, Terms and Conditions with NMFB, kindly open https://covid19.nmfb.com.ng and enter your Bank Verification Number (BVN).

Please carefully read through the letter. Note that you can print and keep a copy for yourself.

To  applicants who are complaining to have not been approved, or seeking to offer me money to help them get approval or get paid, please I wish to make it known that I do not accept such offer and "there no short-cut to the Loan Approval or Disbursement." Anyone that tells you there is, run from such scam.

The only thing you can do is to keep waiting for your disbursement, approval SMS or keep checking your status.

To check if your Loan has been approved, follow this method:

1. Open https://covid19.nmfb.com.ng

2. When it loads, select the type of Loan you applied for. Either SME or Household

3. Enter your BVN. Do not worry, the website is safe. That's the official website of Nirsal Microfinance Bank.

4. A response will be displayed. 
If it says your Loan has been approved, it will load your details asking you to accept your Loan offer. Proceed to complete the process and enter bank name and your account number.

If it says 'Your loan has not been approved, check back later, kindly check back later as they said.

If it however displays "BVN does not exist", do not panic. Just keep checking back from time to time as approval is on going and hope is high.

These will help solve your problems regarding the COVID-19 Targetted Credit Facility Loan:

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