How To Check Your NMFB Non-Interest Banking Window Loan Status/Approval

How To Check Your NMFB Non-Interest Banking Window Loan Status

In today’s NMFB loan update, we will be walking you through how to check your Nirsal Microfinance Bank Non-Interest Banking Window Loan status, so if you are one of the applicants who want to know his/her loan status, make sure you read until the end.

Before we continue, we will like to bring to your notice that the NMFB have Started Shortlisting Applicants For The New Non-Interest Banking Window Loan

The Nirsal Microfinance Bank confirmed the launching of a non-interest banking portal for businesses and households that have been impacted negatively by the Covid-19 pandemic last month on their social media handle. Also stating that it was the decision of the Central Bank of Nigeria (CBN) to extend a non-interest window to businesses and households that have been impacted negatively by the Covid-19 pandemic.

The NMFB disclosed on their official Instagram account that the shortlisting of successful applicants for the Non-interest banking loan has commenced and applicants have started accepting their offers.

Following this announcement, we have been receiving several questions on how to check NMFB Non-Interest Banking Window Loan Status from applicants who haven’t received an approval message yet from NMFB, so we have decided to make this article to answer that questions.

You may also want to read Four Important Things All NMFB Non-interest Banking Window Loan Applicants Must Know Ahead of Disbursement

How To Check Your NMFB Non-Interest Banking Window Loan Status

If you are one of the Nirsal Microfinance Bank Non-Interest Banking Window Loan applicants and have not gotten any message of approval, you don’t need to panic as approval is still going on and the portal is still open for new applications.

Nirsal Microfinance Bank has not provided a portal or link for applicants to check their loan status, you will only receive a text message of approval if your loan is approved.

If you received a text message on your approval without a link in the text, kindly wait for another text message that will contain your approval link.

For Some applicants who are receiving a text from NMFB to go back to the Nirsal Microfinance portal to update the cost of items approved to them, If you received such message visit the Nirsal loan portal click on Returning Applicant fill the spaces for BVN, Last Name and Reference Number you used during the registration, click next to reduce the cost of items you fill so that it will equal the 500,000 amount eligible for a household loan.

Who Is Eligible To Access NMFB Non-Interest Banking Window Loan

MSME’s with 1-5 staff and verifiable evidence of business activities adversely affected as a result of the pandemic with evidence of job protection for its staff.

Hospitality businesses, health (pharmaceuticals and medical supplies) Airline service providers, manufacturing/value addition, trading, and any other income-generating activities as may be prescribed by CBN and are Shari’ah compliant.

What is the Repayable Plan

3 years tenure with a moratorium of six months.

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