Business & Loans

How To Check Your NMFB COVID-19 TCF Loan Approval Status (Full Guide)

Published

12 months ago

October 23, 2021

How To Check Your NMFB COVID-19 TCF Loan Approval Status (Full Guide)

If you are one of the Nirsal Microfinance Bank Covid-19 TCF Loan Applicants, then this article is for you, we will be walking you through how you can easily check your loan approval status in order to confirm if your loan has been approved.

Before we move further if your loan has been approved but you haven’t received your payment, kindly click HERE to see the possible reason and how to solve the issue.

Due to the question we have been receiving from many applicants on how to check their Covid-19 Targeted Credit Facility Loan approval status, we have decided to make this article in order to answer the question.

You may also want to read How To Check Your NMFB Non-Interest Banking Window Loan Status/Approval

The COVID-19 Targeted Credit Facility Loan Scheme which was initiated by the Federal Government to cushion the effect of the COVID-19 Pandemic on Micro, Small, and Medium Enterprises (MSMEs) in Nigeria received thousands of applications in 2020 and 2021 whereby over 548,345 beneficiaries have received loan amount ranging from N250,000 to N3Million in either of its Household or SME categories.

Below are the steps to easily check your Covid-19 TCF Loan Approval Status

How To Check Your NMFB COVID-19 TCF Loan Approval Status (Full Guide)

1. Firstly, Visit the loan official website https://covid19.nmfb.com.ng

2. When it loads, select the type of Loan you applied for. Either SME or Household or use https://covid19.nmfb.com.ng/HomeLoans (for Household) and https://covid19.nmfb.com.ng/SmeLoan (SME).

3. Then input your BVN.

4. A response will be displayed when you enter your BVN.

(A) If it says your Loan has been approved, it will load your details asking you to accept your Loan offer. Proceed to complete the process and enter your bank name and your account number. Ensure to avoid mistakes here.

(B) If it says ‘Your loan has not been approved, check back later”, kindly check back later as they said.

(C) If it however displays “BVN does not exist“, do not panic. Just keep checking back from time to time as approval is ongoing and hope is high.

You may also want to read Nirsal Microfinance Bank Sends Important Notice To Covid-19 TCF Applicants

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