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How To Check NIRSAL Loan Status 2021| NIRSAL COVID-19 Loan Portal Login

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4 years ago

Have you applied for the Covid-19 NIRSAL microfinance bank Loan and you are eager to check your status about your application if it has been approved or not? read on to know how.

Note that there is every need for you to check your status to ascertain if you are still on the right path to receiving your covid-19-support loan.

The need has arisen for all applicants to check on their various approval status, and see for themselves if they meet up with the requirements laid down by the CBN through NIRSAL.

Step By Step Guide ON How To Check NIRSAL NMFBCOVID-19 LOAN Payment

Before you can be able access the portal,that means you should have a profile with the platform. In a simple term you must have previously applied when the online registration is going on. Until then you can not login.
Secondly note that Nirsal Microfinance Loan will only be disbursed to those who are considered qualified applicants.

How do you know if your application has been approved?

From previous guidelines, the first step to take is to carefully go through your email address. We understand that those who got their loan request granted will receive mails indicating that they have been granted access to the loan.

NB: if by now after the online application there is still no mail to show that your been approve then its best to check the portal @ https://covid19.nmfb.com.ng

Hope you still remember that category of loan you had applied for? Okay here is a clue, the two major categories of loan we have are SME or Individual/Households.
Secondly you have to Verify your account by submitting your BVN
If you are luck to have been approved then a window will show you the amount approved for you. What comes next is for you to claim your loan.
Provide your bank details and information on the right format. There is a space for that on the portal.
Now you now have to perform the final step locate the terms and conditions required for the loan and understanding every aspect of it. Followed by the director in charge of your payment and his/her details. And the how-to on the repayment procedure.

Repayment for COVID-19 Loan Support Fund

Please note that 5 percent of total fund received will be deducted before payment are made to you. The most important thing here is to make sure you don’t default in repayment.

You are to repay in 3 years time. Once your BVN has been linked to all your accounts when you failed to repay it will be deducted monthly from your account.

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