Latest News On Nirsal Microfinance Bank Loans For Today Friday 1st October 2021

Latest News On Nirsal Microfinance Bank Loans For Today Friday 1st October 2021

Welcome to Flippstack, we know many applicants are eager to get the latest happenings on the Nirsal Microfinance Bank Loans and due to too many questions we have been getting from applicants about the Loans, we have compiled all the latest updates about the NMFB Loans.

Below are the latest news On Nirsal Microfinance Bank Loans For Today Friday 1st October 2021

1. Nirsal Microfinance Bank Sends New Notice To Non-Interest Banking Window Beneficiaries

The Nirsal Microfinance Bank (NMFB) has sent a new notice to clarify Non-Interest Banking Window Beneficiaries about the 25% mark-up of the loan facility which is meant to be paid back to the bank by the beneficiaries.

The NMFB disclosed the notice on their official Instagram account which they clarified the reason for the 25% mark-up on the NIB Loan and also stated that the loan is strictly for financing equipment/goods at a predetermined mark-up.

They also went further to state that the Non-Interest Banking Window is availed within the principles of the MURABAHA system of the Non-Interest Lending which means the loan is meant strictly for financing equipment/goods, there is no avenue for the release of cash under the Murabaha principle of non-interest lending.

2. Nirsal Microfinance Bank Raises Alarm On Fake Recruitment By Fraudsters

Nirsal Microfinance Bank has raised alarm on fraudsters conducting fake recruitment using their name, thereby warning those that are responsible to desist from that act.

The management of Nirsal Microfinance Bank disclosed this in a statement released on their official Instagram account on Monday, which they made known that some suspected fraudsters have been using their name to issue fake letters of employment to members of the public in order to extort money from them.

They condemned the act and also warned those involved to desist from it. NMFB also made it known that they will not request any payment of any fees, commission, or other financial commitment from prospective employees.

3. NMFB Starts Shortlisting Applicants For The New Non-Interest Banking Window

If you are one of the Nirsal Microfinance Bank Non-Interest Banking Window Loan applicants, you will be happy to know that the bank has started shortlisting successful candidates to benefit from the loan.

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

All applicants are advised to start checking their text messages as successful applicants will be messaged stating the next step to take to complete their Loan request.

That’s all for the Latest News On Nirsal Microfinance Bank Loans For Today Friday 1st October 2021, make sure to share this article and always come back from time to time for more updates.