What Is NMFB Loan Interest Rate?

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Since the commencement of the ongoing COVID-19 Targeted Credit Facility (TCF), one of the critical questions some of the prospective applicants ask is: what is the interest rate of the CBN-backed NMFB loan? COVID-19 interest rate: 5%-9% per annum As you know, the credit facility is disbursed to applicants by Nirsal Micro Finance Bank (NMFB), … Read more

Importance of COVID-19 TCF Reference Number On NMFB Portal

COVID-19 TCF Reference Number

If you applied for the CBN-backed COVID-19 loan on the NMFB, you must have noticed that TCF reference number pops up as you input your Bank Verification Number (BVN). The essence of the COVID-19 TCF Reference Number is to properly track your application process or resolve any problem in the course of the application. You … Read more

CBN COVID-19 Credit Facility Portal Reopens, Here Is How To Apply AGAIN

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The official portal for the Central Bank of Nigeria (CBN) COVID-19 targeted credit facility application has reopened for fresh applications. In this post, we’ll share with you the simplest way to submit your application for the COVID-19 credit facility, if your first application wasn’t successful. Who the loan is designed for The credit facility is … Read more

NMFB Branches In Nigeria: Check NIRSAL Microfinance Bank Loan Requirements

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The announcement by Nigeria’s apex bank in 2020 that stimulus package would be given to Nigerians who were affected by the impact of COVID-19 pandemic made NIRSAL Microfinance bank popular among Nigerians Popularly called NMFB,  a leading Nigerian financial institution licensed by the Central Bank of Nigeria (CBN), is at the forefront of disbursing loans … Read more

Summary of Funding Opportunities in Nigeria from February 8 to February 14, 2021

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From Monday, February 8 to Sunday, February 14, 2021, we’ve published some of the best loans and funding opportunities on infomedian.com, if you missed any of them, we’ve got you covered by this recap. Starting from SEIFAC loan to what to do if your loan application was rejected and other top trending funding for small … Read more

Survival Fund Issue: User Doesn’t Have An Organisation, Here Is The Solution

Survival Fund Issue: User Doesn’t Have An Organisation, Here Is The Solution

Are you trying to apply for Survival Fund  MSME Guaranteed Offtake Scheme? One of the issues you are likely to encounter is, “user does not have an organisation” The MSME Guaranteed Offtake Scheme gives you a one-time grant of N50,000 provided your company is registered with the Corporate Affairs Commission (CAC). It is one of … Read more

What To Do If You’ve Been Pre-Qualified For NYIF Loan Programme

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Did you receive a message from the Nigeria Youth Investment Fund for a pre-qualification for a loan? If you received an SMS from Nirsal Micro Finance Bank (NMFB), here is how to complete your NYIF loan application process. Dear Applicant, You have been pre-qualified for the NYIF loan programme, kindly click on this link to … Read more

10 Things To Do Before Applying for BOI Loans

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Irrespective of your political affiliation, the Bank of Industry loan is opened for everyone. No discrimination. Provided you fulfilled the eligibility requirements. We’ll share with you some of the things you need to put in place before applying for BOI loan. Ownership: Bank of Industry is the oldest and largest Development Financial Institution owned by … Read more