How to Check NMFB Covid-19 Household And SME Loan Approval

How to Check NMFB Covid-19 loan Household And SME Loan Approval and also the correct link to Check NMFB Covid-19 Household And SME Loan Approval. This is to inform you that the NISRAL Micro Finance bank (NMFB) has given a new update for Covid19 Loan Applicant.

Covid19 loan status check – According to this new update, all those who applied for the Covid-19 loan in the below listed categories should follow the link contained in this article to check their loan approval status.

1. NFMB Household Covid-19 loan
2. NFMB SME Covid-19 loan

Approval Status and the Long wait

After applying for the loan, you have to keep checking to see if you got it. This phase is known as the approval phase. Truthfully, the fact that you applied for the laon doesn't necessarily mean you'll get it.

That's because you probably didn't fit the bill. But until you check the Loan approval status, nothing is set in stone yet. So, you have to keep checking your loan approval status for this scheme.

An easy way to do that is to go through the portal. The portal for both individuals and buiness owners differ. For Individuals and households, you can check your approval status via;

https://covid19.nmfb.com.ng/HomeLoans. Business owners and entreprenuers can check their loan approvals status on https://covid19.nmfb.com.ng/smeLoan

Checking for approval.

Checking your portal frequently to know if you qualified for the loan is an important phase of this loan application scheme.

At this point, you've created a profile with NIRSAL. That's the only way you'll be able to apply for the loan in the first instance.

Now that you have an account, and you should log in and fill in your BVN to verify the profile. Once you successfully complete that, you'll successfully log into your account.

If your loan request has been approved, a window would pop up to inform you about your approval and the amount you qualify for.

READ – NYIF Loan Application Form | nyif.nmfb.com.ng Registration Portal

Simply proceed to accept the amount you've been given. You'll find a space for claiming the loan on the portal to that effect.

Simply provide your bank details and other relevant information as demanded. Proceed to read the terms and conditions of the loan and reach out to the director in charge of your account on the loan to get the loan.

You should also learn more about how to repay this money.

Repaying the NIRSAL loan .

This phase is a important aspect of the loan. Once you receive the loan amount, you should know that they're going to deduct 5% of the entire money that would be given to you.

But that's not the point. The point is, you need to learn about the repayment. Repaying this money doesn't have to be done once.

The NIRSAL has devised an easy way for individuals, entrepreneurs and business owners to repay the entire loan in three years.

In case you default of payment, they'll deduct the money from any of your account that's linked to your BVN.

All those that applied for the NFMB Covid-19 loan in any of the above listed categories are to click on the link below to check if their loan was approved.

Link To Check For Covid-19 Loan Household Approval

Kindly click on the links below to check if your Household loan has been approved. https://covid19.nmfb.com.ng/HomeLoans

Apply Now for:

Link To Check For Covid-19 SME Loan Approval

Kindly click on the link below to check if you have approval for the SME Loan. https://covid19.nmfb.com.ng/SmeLoan

Please note: The application is closed. The next stage is disbursement to approved applicants.

For further enquiry, call NMFB Covid19 loan support on 09010026900

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