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How To Check If Your NIRSAL Loan Has Been Approved Using BVN

Last Updated on August 16, 2021 by Ope Quadri

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 a constant check on the status of your loan is very important. So that you don’t miss out!

If your loan has already been disbursed, more details on how to repay can be found at https://infomediang.com/repay-covid-19-nirsal-loan

If you applied and don’t know the next step to take, we’ll show you how to check if your COVID-19 loan has been approved by NMFB or not.

The 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.

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 the 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 NIRSAL loan approval with BVN

Step 1: Head straight to Nirsal Microfinance bank official portal

Step 2: On top right-hand corner, click on the 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

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

How To Know If Your COVID-19 Loan Was Not Successful

You should receive an email if your loan is approved, but in case you didn’t know what to do next, follow the steps below to know your status

Follow the steps above to step 5

If your loan wasn’t successful, the message that pops up is “This BVN Detail Does not exist

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 your application was honoured, 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.

30 thoughts on “How To Check If Your NIRSAL Loan Has Been Approved Using BVN”

  1. please help me. i applied severally but fail. i am a farmer of RICE & YAM.
    Phone no: 08132
    Acount no: 0121
    Bank : Union bank

  2. DEAR SIR. MY MAME ABUBAKAR. AM FROM MAIDUGURI I GOT COVID19 OFFER LATTER SINCE BUT I DIN’T GET THE MONEY PLEASE ANY IDEA SIR

  3. Grace Lilian Yaroson

    Really wish my loan Request will be granted to able to buy a car for uber coz this covid 19 has really affected my business. And Also think all loan should be approved!!! because Bearly live in this country…please help us

  4. Dear sir iam graduate with degree program on B agric hons department of AEE faculty of agriculture sc and technology also my nysc certificate is ready available I hope my request will be considered into your refutable organization your’s faithfully abdullahi Bala

  5. Muhammad Dahiru As- salafy

    Sir I getting approved but account number I made mistake for my account number,
    I need you correcting me, muhammad Dahiru account no 701……., fcmb bank

  6. Am suppose to recieved 250,000, but at the end of the acceptance letter i recieved, it appear that i rejected the loan due to i didn’t agree with the terms and conditions which i didn’t do such..
    Pls what do i do?

  7. Fatima hussaini

    u already send me”your request have successiful aproved but till now u dint send me training links why

  8. I received covid 19 loan since july 2020, but to my surprise my nirsal acct was credited. Now pls what do I do

  9. I have been approved for nmfb household loan, but yet, the loan has not been disbursed into either my nmfb account nor my other commercial Bank account. What is the problem? And also what is the solution to it? Thanks

  10. My covid-19 loan TCF was approved Feb 4-2021 but on the 15th of feb I received a message that transaction to my account failed that I should sort out any issues I have with my account. And on the 17th of that same February I received a message that an account has been created for me successfully.

    Now I have sort out the issue with my account but still I am yet to be credited.

    My covid-19 loan status is Approved

  11. Oge Marck Onyedika

    Hi! my covid-19 TCF was approved since 27nov/2020 my bank details filled correctly, just yesterday being 24feb account was created for me by Nirsal mfb. Please is there still hope for this loan? Am seriously confused; or is there anything else that i was supposed to do.

  12. Pls I have an approved N180,000 as I enter my bvn, up till now my account that I provided has not been credited, what is the problem?

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