How to Check Covid-19 Loan Approval | See Covid-19 Loan 2022 Form Portal

Many have been looking for how to check Covid-19 Loan Approval online. The Covid-19 Targeted Credit Facility (TCF) for 2022 is once again being disbursed by Nirsal Microfinance Bank (NMFB), the bank announced in a Facebook post, inviting applicants to monitor the status of their applications.

Therefore, all you have to do to find out if your SME loan application on the NMFB portal in 2021 or 2022 was successful is go back to the platform.

In response to questions from various Nigerians who seemed to be in the dark regarding their COVID-19 NIRSAL loan requests, NIRSAL Microfinance Bank has intervened.

Who is Eligible For?

• Households

Households with verifiable evidence of livelihood adversely impacted by COVID-19

• SMEs

Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic

How to Apply For 2022 Covid-19 Loan Online

Things to keep in mind

You should first be aware of the following:

You absolutely must evaluate your situation to make sure you are still headed in the appropriate direction for your covid-19-support loan.

Shortlisted applicants must have a profile on the platform before accessing the portal. This implies that you had to submit an application before when the online registration process was active. Only after creating your profile can you log in.

Second, only those who are deemed qualified applicants will receive the Nirsal Microfinance Loan. The procedures and links that applicants must follow to check the status of their loans are listed below:

• From earlier instructions, the first thing to do is carefully review your email address. Those whose loan requests were approved will get emails notifying them that access to the loan has been given. It’s advisable to click here or go to https://agsmeisapp.nmfb.com.ng/ if, after the online application has been submitted, there has still been no mail indicating that your loan has been accepted.
• In case you forget the loan category you had applied for, there are two main loan options: SME or Individual/Households.
• The next step is to input your BVN in order to confirm your account. If you’re fortunate enough to have the loan authorized, a window will appear showing you the amount that has been granted to you.
• You should then go ahead and make a loan claim. Give us the right format and information on your bank. On the gateway, there is a place for that.
• Finding the loan’s terms and conditions and reading through and comprehending them completely is the last step.

How to use BVN to Check Covid-19 Loan Approval

Below here are steps on how to know if your COVID-19 NIRSAL loan is Approved or Not.

1: Go directly to the Nirsal Microfinance bank website.

2: Select the COVID-19 support link in the top right-hand corner.

3: Select “Click Here to Provide Other Bank Account” to access SME and/or Household.

4: Next is for you to select the option you applied for, either Household category or SME.

5: Enter your 11-digit BVN and click “Validate BVN” to see if you will receive the stimulus package.

If your application was accepted, you are directed to the next page with instructions. If you wish to accept the loan and enter your bank information, you must like the amount that has been granted to you and accept the terms and conditions.

Applicants are reminded to ensure that only Bank details of the Tier2 and Tier3 type accounts are provided while accepting offers. This is to enable seamless disbursement of loans.

How to Know If Your COVID-19 Loan Was Rejected

If your loan is accepted, you should receive an email, but in case you weren’t sure what to do next, follow these instructions to find out.

Step 5 after completing the prior steps

This BVN Detail Does Not Exist is the notice that appears if your loan application was unsuccessful.

Just that.

When asked why they hadn’t checked their BVN on the NIRSAL National Microfinance Bank portal, several of the candidates who were accepted were admitted to us. Instead, NMFB sent them a confirmation SMS. E.g

Guideline For Covid-19 Loan Repayment

The federal government has issued a warning that successful applicants must repay the loan; contrary to some applicants’ expectations that the loan is non-repayable.

Please be aware that before payment is made to you, 5% of the total received amounts will be subtracted. Making sure you don’t miss a payment is the most crucial aspect of this situation.

In three years, the debt must be repaid. Your BVN has been connected to all of your accounts, so if you don’t repay, money will be taken out of your account each month.

Link for Nirsal MFB Loan 2022 Application

Here are the application URLs so you may verify on the Targeted Credit Facility (TCF) COVID-19 Beneficiary Information Management System(BIMS) if your application was accepted:

• Household: https://covid19.nmfb.com.ng/HomeLoans
• Small and medium-sized enterprises: https://covid19.nmfb.com.ng/SmeLoan

Takeaways:

If you didn’t get a confirmation communication from the NMFB, you should check the status of your COVID-19 loan.

You didn’t get the loan, it doesn’t necessarily indicate it wasn’t real because not all loan applications are accepted.

If you’re wondering how to apply for nmfb Covid 19 loans, the application process is currently closed. Right now, all you can do is follow up on your applications.

Background information

According to Nairametrics, the Central Bank of Nigeria (CBN) reopened its site in March 2021 to allow Micro, Small, and Medium-Sized Enterprises (MSMEs) and households affected by COVID-19 access to up to N25 million. This was done through NIRSAL Microfinance Bank.

President Muhammadu Buhari’s personal assistant for new media, Bashir Ahmad, revealed this via his Twitter account.

Using the handle @NirsalMFB, he tweeted, “The CBN introduces a stimulus package to support households and MSMEs affected by the COVID-19 pandemic. A person has access to up to N25 million.

Please Note: The COVID-19 TCF Application is now CLOSED!!!

Want to speak with COVID-19 Loan Agent?