NIRSAL MFB Loan Approval & Application Status – Check Yours Now

NIRSAL MFB Loan Approval & Application Status – Check Yours Now

The NIRSAL Microfinance Bank has provided a response to the inquiries of a number of Nigerians who appear to be in the dark concerning the approval of their loan applications.

Nirsal Loan: All Applicants Should Please Check Their Loan Application Status 

It is imperative that you verify your standing in order to determine whether or not you are still moving in the right direction toward obtaining your loan.

You need to have a profile established on the system in order to have access to the portal. This indicates that you must have submitted an application at some point in the past while the online registration was open. If you haven’t already made your profile, you won’t be able to log in.

You may also want to read How to Easily Access Personal Loan from Lapo Microfinance

How to Check NIRSAL MFB Loan Approval with BVN Number

In order to gain access to the portal, you will first need to create a profile on the corresponding platform. This indicates that you must have submitted an application at the earlier phase of the online registration process. Only those who have already established a profile will be able to log in.

Second, the only people who will be eligible for unrestricted microfinance loans are the people who are judged to be qualified applicants. To check the progress of their loan application, applicants need to follow the processes and links that are listed below:

The first thing you should do after reviewing the previous instructions is to carefully navigate to your email address. Those individuals who have had their requests for loans authorized will be notified through email that they have been given permission to use the funds requested.

It is recommended that you click here or go to https://agsmeisapp.nmfb.com.ng/ if, after submitting your application online, you have not yet received any message indicating that your request for a loan has been accepted.

In the event that you are unable to recall the type of loan for which you applied, the two most common types of loans are those designated for individuals or households, respectively.

Following that, you will be prompted to input your BVN in order to verify your account. If you are fortunate enough to have the loan authorized, a new window will appear and show you the amount that has been approved for you to borrow.

The next thing you need to do is file a claim for your debt. Please provide your banking information and details using the appropriate format. There is space available for it on the gantry.

The very last thing that needs to be done is research the necessary terms and conditions for the loan, then read it carefully and make sure you comprehend every part of it.

In addition to this, you will be given information regarding the director who is in charge of your payments, as well as the procedure for repaying the loan.

How To Check NIRSAL Loan Approval For Household

Applicants whose application for a household loan then visit the following link, enter BVN details, and check the loan approval status.

https://covid19.nmfb.com.ng/HomeLoans

You may also want to read How to Apply for AGSMEIS Loan in 3 Simple Steps

How To Check NIRSAL Loan Approval For SME

Applicants whose applying for SME Loan then visit the following link, enter BVN details, and check the loan approval status. https://covid19.nmfb.com.ng/SmeLoan

You are advised to click the link above to check if your loan application status is approved.

After you open the portal, input your Bank Verification Number (BVN) in the space provided.

Then click “Validate BVN”. If you see a popup message that says “BVN does not exist” then you are not shortlisted, but wait for the third list.

Immediately you received a congratulatory message, then input your correct account details and wait for the alert within 24 hours.