COVID-19 TCF Loan: NMFB continues Loan Approval and Disbursement, calls on Applicants

COVID-19 TCF Loan: NMFB continues Loan Approval and Disbursement, calls on Applicants

The Nirsal Microfinance Bank has called on the applicants of the CIVID-19 Targetted Credit  Facility Loan Scheme to check their Approval status as it continues with loan approval and disbursement to eligible beneficiaries.

January 2021 was memorable for the disbursement of the loan which the bank may have replicated, prompting the call on the applicants in January, 2022.

General Guide for Checking COVID-19 TCF Approval Status

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

2. When it loads, select the type of Loan you applied for. Either SME or Household or use https://covid19.nmfb.com.ng/HomeLoans (for Household), https://covid19.nmfb.com.ng/SmeLoan (SME)

3. Enter your BVN.

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.

The COVID-19 Targeted Credit Facility Loan Scheme was initiated by the Federal Government to cushion the effect of COVID-19 Pandemic on Micro Small and Medium Enterprises (MSMEs) in Nigeria.