Check Your Loan Application Status With NIRSAL Micro Finance Bank

How To Check Your Loan Application Status With NIRSAL Micro Finance Bank (NMFB)

I applied for the SME loan on NIRSAL Micro Finance Bank (NMFB) portal in 2020, a few weeks after, all I needed was to head back to the portal to check if my application was successful.

Unfortunately, hundreds of the CBN COVID-19 loan applicants don’t know that applying isn’t enough, but constant check on the status of your loan is very important. So that you don’t miss out!

If you applied and don’t know the next step to take, we’ll show you how to check if your loan has been approved by NMFB or not.

Application has closed now, but some of our readers would not stop asking for the application links for NIRSAL MFB loan.

But before that, it’s pertinent to point out that two sets of COVID-19 support applicants can easily check their loan application status on the official portal.

They are:

  1. Small Medium Enterprises (SME)
  2. Household

These people are the Targeted Credit Facility (TCF) COVID-19 and there is a Beneficiary Information Management System(BIMS) where all applications go to immediately you click SUBMIT button during an application.

Highlight

Targeted Credit Facility for COVID-19

Household and SME loans are part of the funding initiative of the Central Bank of Nigeria (CBN) to cushion the effect of coronavirus pandemic.

There is also the Agric-Business Small and Medium Enterprises Investment Scheme, also known as AGSMEIS loan.

The stimulus package is meant to support households and Micro, Small and Medium Enterprises (MSMEs) who are greatly affected by the pandemic, which ravaged the entire world.

Nigeria isn’t alone!

As such the apex bank introduced the N50 billion Targeted Credit Facility (TCF) as a financial booster to families, businesses affected by the pandemic.

Under the COVID-19, you could access up to N25 Million. The amount you can receive ranges between 250,000 to N25 million.

So, your problem isn’t about the application but how to check if you will receive the CBN COVID-19 stimulus package, right?

Here is it….

How to check if your COVID-19 loan application is successful

Step 1: Head straight to Nirsal Microfinance bank official portal

Step 2: On top right-hand corner, click on COVID-19 support link

Step 3: Tap on “Click Here to Provide Other Bank Account” which takes you to 1) SME, 2) Household

Step 4: if you applied for the Household category, tap on that option

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Step 5: Input your 11-digit BVN to check if you will receive the stimulus package and hit validate BVN.

If your application was successful if takes you to the next page on what to do. Like the amount approved for you and agree by the terms and conditions if you want to take the loan and fill in your bank details.

That’s all.

Some of the applicants who were successful revealed to us that they didn’t check with their BVN on NIRSAL National Microfinance bank portal. Rather, they received a confirmation SMS from NMFB. E.g

Dear Applicant,

Your COVID-19 Loan application is approved. Click on the link https://covid19.nmfb.com.ng to accept offer and receive the fund in your account. For further inquiries please call 09010026900

Nirsal MFB loan Application Link

On the Targeted Credit Facility (TCF) COVID19 Beneficiary Information Management System(BIMS), you can check if you application was honored, here are the application links:

  1. SME: https://covid19.nmfb.com.ng/SmeLoan
  2. Household: https://covid19.nmfb.com.ng/HomeLoans

Takeaways:

You need to check covid-19 loan status if you didn’t receive a confirmation message from the NMFB

All loan applications can not be successful, so if you didn’t make it, that doesn’t mean it isn’t real.

For those who are asking how to apply for nmfb covid 19 loans, the application has closed at the moment. You can only follow up on your applications right now.

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