The Nirsal Microfinance Bank has continued the approval/disbursement of loans to thousands of Nigerians who declared their interest for the COVID-19 Targetted Credit Facility Loan, both Household and SME, although in batches.
It is important for the applicants to make checking their application status a daily routine as all the applicants are unlikely to recieve approval text messages due to one reason or the other while approved loan can be reversed in 1 week if one fails to accept it.
Both the old and new applicants are advised to start checking their application status through the simple method explained below.
How to check COVID-19 TCF application status for both old and new applicants
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 the official website of Nirsal Microfinance Bank for the COVID-19 TCF just as https://nyif.nmfb.com.ng is for Nigeria Youth Investment Fund and https://nirsalmfb.caderp.com/Account/Register for AGSMEIS Loan Scheme.
(B) If it says 'Your loan has not been approved, check back later, kindly check back later as they said.
(C) 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.
Patience is the only price one has to pay to get COVID-19 Targetted Credit Facility Loan. Do not pay anyone a dime to facilitate the approval the Loan to avoid being scammed.
Read Also>>COVID-19 TCF: Why your loan was rejected | Do not be a victim
Application is still on going for all interested applicants using the method below:
1. Open the application portal https://nmfbloans.nmfb.com.ng/nmfbloanapplicationportal and choose a Loan Type, Household or SME. Or Household Applicants directly follow https://nmfbloans.nmfb.com.ng/covid19tcfhousehold and SME applicants follow https://nmfbloans.nmfb.com.ng/covid19tcfsme
3. Firstly, start by filling other details highlighted in green such as your Email Address, Comfirm Email Address, Marital Status, State of Origin, Region of Origin, State of Residence, Phone Number, Residential Address, then select preferred Nirsal MFB Branch. (Especial if it has told you invalid BVN when you initially tried. Just refresh the page and start with other details first).
4. Lastly, fill in your BVN and tap or click on any of the area highlighted in white. Then "please wait" for it to load your BVN information. Note that those area highlighted in white will be filled automatically through your BVN information database.
6 Comments
Please why is it saying reject loan for someone but in the file the loan has been approved already but instead of accepting it saying the person should reject the loan
ReplyDeleteIt is treated as Rejected when an applicant refuses to accept the offer within 1 week of approval. Remember there are thousands of applicants and an offer can not be waiting more than 1 week of approval.
DeletePlease what will i do if the approval letter display "I have read and rejected the covid 19 loan.
ReplyDeleteKindly re-apply. Once the loan is not accepted within one week of approval, it will autoreverse as a rejected loan. Why because many Nigerians are in need of this opportunity while the fund is limited.
DeletePlz I applied last year they approved the loan on February this year,but before I got the text massage before the close of work it was already late,so the loan was rejected, I applied for another one again,but if I should put my BVN to check if the loan have been approved what I will be seeing all the time is the one that was rejected, please what will I do I really need this money, to start up a business do to post of job during this covid-19, and for the family too.
ReplyDeleteThank you
I applied since last year I didn't receive any message I enter my bvn it saying bvn doesn't exist
ReplyDeleteKindly let your voice be heard through the comment section below