Do you know that it isn’t compulsory to provide an NMFB account to the ongoing COVID-19 TCF loan?
However, you need to have an account with the CBN-backed microfinance bank. In this guide, we’ll tell you the requirements to open an account with Nirsal Micro Finance Bank and why you need it for the disbursement of your loan.
In one of our guides, we told you that NIRSAL Microfinance Bank is a leading national micro-financial institution licensed by Nigeria’s apex bank.
75% of the shareholding of the bank belongs to the Bankers Committee, NIRSAL owns 15% by NIRSAL while NIPOST owns 10%
This post is a response to the question raised by one of our readers:
If someone applied for a household loan must he provide microfinance bank account details?
Answer: You don’t need to provide an NMFB account to get your TCF Loan. However, we advise you have an account with the bank to enjoy the full benefits of lots of services provided by the bank.
| READ ALSO: Check New AGSMEIS Loan Application Portal Launched By NMFB |
This is how to open Nirsal MFB account: Visit NMFB branch in your state, their branches are mostly located at NIPOST offices spread across Nigeria
Requirements:
- One recent clear passport photograph
- Means of Identification (Driver’s License, International Passport,
National Identity Card or Voter’s Card) - Public Utility Receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill)
- Account opening form duly completed
What’s next?
Step 1: Download NIRSAL MFB App on Google Play Store
Step 2: Login with your account details
Step 3: Visit NMFB branch closest to you and use the default PIN given to you during account setup
Step 4: Perform KYC (Know Your Customers) to secure your account. From here you can change your PIN.
Step 5: Access your NMFB and add your account number to transfer money to.
That’s all.
When your TCF loan is disbursed into your account, you can safely make a transfer to your conventional bank account.
If you have any issues using the app, ask the branch for a guide.
Is it not possible for someone to open an NMFB account online without going to it branch?
Sir I am trying to apply for a some loan and on the application process I found a space to enter my NMFB account number and I don’t have it
Please I recently applied for non-interest household loan and I was told that BVN already exists what do I do please?
You already have an existing application
Is NIRSAL MFB planning to give 100k to those who open account with them recently or is there any loan issue going on in Nirsal Mfb?
I apply for household loan but no message was sent to me weather it was successful or not.
Is this for real
Hello
I have received an alert message that i have credited fund so i want know how i would do to withdraw to my GtBank account. Pls
I received a message saying that my account has been successfully create NIRSAL MBF with an account number, please how can I open the account to start using it. My location is Ajah in Lagos State, thanks.
Hello Juliet, kindly go to the nearest NMFB branch to activate your account and start using it. We already have the full list of NMFB branches across Nigeria.
I just received a message notification of my account had been credited with my account number tagged together from NMFB.
Please sir I find out that NMFB BRANCHES close to are Agbor and Benin, I am asking if there is any means to do a transfer or a code for that,
Please reply,
Thank you.
Hello Ken, visit the nearest branch for a guide for account setup.
I did transfer through following the option Between my accounts, the money was deducted but haven’t drop in my account, what can i do now?
Please contact NMFB nearest to you
Please i apply for household load last year,up still now I have not received any information from NMFB. Only MTN that send a message to me, telling me that I done have an account with Nisar that I should go and open an account with them .
Am from delta and the is in agbor.is there no way some one can open an account through online?
Hello Onome, you can open an account online by downloading the app, however, you may need the assistance of NMFB official. So, it’s advisable to visit any of its branches nearest to you.
Please is there any initial deposit to be made or something
Or it’s just the requirements alone.And is it truly a loan platform also that will be returned or something
For Covid-19 loan: household and SME, no initial deposit is required. IF it’s BoI loan, an equity may be required