COVID-19 Targeted Credit Facility: Approval and Disbursement continues, check your status now

The Nirsal Microfinance Bank has continued dishing out Hundreds of thousand Naira to applicants of the COVID-19 Targeted Credit Facility Loan Scheme whose Loans have earlier been approved by the bank.

Approval of the COVID-19 Intervention Loan  for Households and SMEs has continued as the bank closes application for the 2021 Batch of the Scheme that commenced in March, 2020 amidst the COVID-19 Pandemic.

The applicants of the Scheme are advised to continue checking their approval Status, at least every two days, as Loan when approved and remains unaccepted up to 1 week, would be treated as "rejected" or "Declined" to enable thousands of the applicants benefit from the Programme.

Read Also:

COVID-19 Targeted Credit Facility: Why your "BVN does not Exist"

COVID-19 TCF: NMFB closes application for 2021 COVID-19 Loan, continues with approval and disbursement

COVID-19 TCF/AGSMEIS/NYIF: Beware of Fraudsters, NMFB warns again

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://agsmeisapp.nmfb.com.ng is AGSMEIS Loan Scheme.

4. A response will be displayed when you enter your BVN.

(A) 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. Avoid mistakes here.

(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 of the Loan to avoid being scammed.

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