See How To Calculate Your Loan Using NMFB Loan Calculator

See How To Calculate Your Loan Using NMFB Loan Calculator

If you are among the Nirsal Microfinance Bank Loan beneficiaries or a prospective loan applicant, including Covid-19 TCF, ABP, AGSMEIS, and NYIF Loan Beneficiary or On-balance sheet – Salad, petty now – now, SME plus loan and you are looking for ways to calculate your loan or target loan, then read this article to the end.
You may also want to check How To Claim Your Abandoned Covid-19 TCF Loan.

It may also interest you to read See How You Can Claim Your Abandoned Covid-19 TCF Loan – Must Read

Many applicants have been complaining about not getting the exact amount of loan which was approved for them, while some experienced certain deductions from their approved loans. So in this article, we will be walking you through how you can calculate your loan.

See How To Calculate Your Loan Using NMFB Loan Calculator

Below are the following steps to calculate your Loan

For Beneficiaries:

1) Go to https://loancalculator.nmfb.com.ng/Benficiary
2) Select a product type
3) Enter your BVN to view the result or to calculate your loan.

For Non-Beneficiaries/Prospective loan Applicants

1) Go to https://loancalculator.nmfb.com.ng/NonBenficiary
2) Enter your loan amount and the loan term ( number of years) and click calculate loan.

Your loan result will be displayed in the following format: Loan amount, total Interest, 4% upfront charge, total Interest after upfront charge, and monthly amount due.