NMFB Gives Deadline For Approved TCF Beneficiaries To Upgrade Their Account

NMFB Gives Deadline For Approved TCF Beneficiaries To Upgrade Their Account

Nirsal Microfinance Bank has sent a new notice to Targeted Credit Facility Loan Beneficiaries regarding issues while some the approved beneficiaries are yet to receive their loan.

This was disclosed on a notice termed “#Failed Disbursement Issues On the NMFB TCF (COVID-19) Loan” on their official social media account where they stated clearly that the reason why some beneficiaries are yet to get their Loan is that they have failed to upgrade their savings account from Tier 1 to Tier 3 which have prevented receipt of their NMFB loan account.

They also went forward to give beneficiaries until 31st July 2022 to upgrade their accounts or lose their unpaid approvals.

You may also want to read How To Easily Claim Your Abandoned NMFB Covid-19 TCF Loan

According to NMFB:

“#FAILED DISBURSEMENT ISSUES ON THE NMFB TCF (COVID-19) LOAN”

“Did you know that failure to upgrade the category of your savings account from Tier 1 to Tier 3 can prevent receipt of your NMFB loan amount?

“Given the average value of the TCF (Covid-19) loan, ONLY Tier 3 Savings and Current accounts can be successfully credited.

“To avoid or correct this problem, go and check/upgrade the status of your account with your bank today.

“Ensure you obtain confirmation of the upgrade from your bank and notify the NMFB branch closest to you.

“Note that you have til 31st July 2022 to upgrade your accounts. From 1st August 2022, your unpaid approvals will be nullified/invalidated.”

Applicants whose loans have been approved but have not received their payment are urged to adhere strictly to the above notice in order to redeem their loans.

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

Note: Nirsal Microfinance Bank Loans are free to access, don’t pay any agent or anybody for the purpose of helping you get a loan from NMFB to avoid being scammed.

NMFB Gives Deadline For Approved TCF Beneficiaries To Upgrade Their Account