NMFB Releases FAQs For Applicants Of Non-interest Targeted Credit Facility Loan

NMFB Releases FAQs For Applicants Of Non-interest Targeted Credit Facility Loan

If you are one of the NMFB Non-interest Targeted Credit Facility Loan Beneficiaries, then this article is for you, make sure you read until the end.

The Nirsal Microfinance Bank has released list of questions and answers for Non-interest Targeted Credit Facility Loan Applicants in order to help them get solution to their questions.

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

Since the Launch of the Non-interest Targeted Credit Facility Loan in August, there have been several questions asked about the Loan.

The NIRSAL Microfinance Bank through their official Instagram account released the list of questions and answers which will help applicants get answers to their questions.

FAQs For Applicants Of Non-interest Targeted Credit Facility Loan

Below are the list of questions and answers from the NMFB

1. What do you do next after approval?

Beneficiaries will be sent a text message to accept the loan offer.

2. How do I update the cost of items?

Beneficiaries should revisit the portal with their details to update the information on chosen goods/equipment.

3. Will the vendor supply quality? goods/equipments to me?

Vendors are required to get the best quality products for beneficiaries.

4. How soon will I receive a call from my vendor after updating the cost of items?

You should receive it within 5 working days.

5. How do I get my reference number?

When applying on NI-TCF portal, reference number will be generated for you.

6. My approval link goes blank after clicking?

It could be a connection problem, please try again later.

7. My reference number is incorrect?

The reference number is system generated. Please take care to copy the number correctly from the portal.

8. The site goes blank while trying to update the cost of items?

It could be a connection problem please try again later.

9. I don’t have a link to accept the offer?

Kindly visit the website with your details and accept the offer.

10. Am I to pay the vendor?

Beneficiaries are not to pay any fees to the vendor.

11. Will I get cash from the vendor?

The NI-TCF is not a cash-based loan

12. My vendor’s location is far from me?

Your vendor will meet you at a convenient location.

13. The vendor says i’m not on their list?

Your loan is yet to be approved.

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

Applicants are urged to carefully go through the above list of questions and answers in order to get solution to their complaints.

If the answer to your question is not captured above, then you are to use their contact channels to reach them.

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NMFB Releases FAQs For Applicants Of Non-interest Targeted Credit Facility Loan