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NMFB Covid-19 Loan Website – https://nmfb.com.ng/covid-19-support

By James KaseJune 19, 202040 Comments Articles
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NMFB Covid-19 Loan Website – https://nmfb.com.ng/covid-19-support: Access up to N25 Million Targeted Credit Facility for COVID-19. The Central Bank of Nigeria (CBN) introduces a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

Contents

  • 1 NIRSAL Covid-19 Loan Application – https://nmfb.com.ng/covid-19-support
  • 2 NIRSAL Microfinance Bank Covid-19 Loan Application Form
  • 3 https://nmfb.com.ng/covid-19-support.
  • 4 CBN COVID-19 Loan Requirements.
  • 5 Who Is Eligible for NIRSAL Covid-19 Loan?
    • 5.1 How It Works
      • 5.1.1 STEP 1
    • 5.2 Submit An Application
      • 5.2.1 STEP 2
    • 5.3 Approval
      • 5.3.1 STEP 3
    • 5.4 Disbursement
  • 6 How to Apply on NMFB Covid-19 Loan Website.

NIRSAL Covid-19 Loan Application – https://nmfb.com.ng/covid-19-support

The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.

These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.

In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

NIRSAL Microfinance Bank Covid-19 Loan Application Form

The Nirsal-Central bank of Nigeria, CBN COVID-19 Loan application portal is now ongoing. Here is an update to assist you access the CBN COVID-19 Loan application portal on NMFB Portal.

The Central Bank of Nigeria instituted the N50 billion COVID-19 TCF for households and SMEs to mitigate the harsh economic impact of the coronavirus pandemic currently in the country.

https://nmfb.com.ng/covid-19-support.

The link to apply for the CBN Loan is https://nmfb.com.ng/covid-19-support

However, due to the massive traffic to the application portal, the website goes off and on. At the moment the portal has gone off because it has reached its resource limit.

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CBN COVID-19 Loan Requirements.

Below are the requirements for the CBN COVID 19 Loan application for SMes

  • Registered business with CAC
  • Evidence of tax payments
  • BVN
  • Letter of Introduction
  • Passport photo of you and guarantor
  • Valid ID card

Who Is Eligible for NIRSAL Covid-19 Loan?

  • Households with verifiable evidence of livelihood adversely impacted by COVID-19
  • Microenterprises: Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic
  • SMEs: Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic
What is the interest rate?
Interest rate under the intervention is 5% p.a. (all inclusive) up to 28th February 2021 and thereafter, the interest on the facility will revert to 9% p.a. (all inclusive) as from 1st March 2021.
How long is the loan for?

Working capital will be for a maximum period of one year, with no option for rollover. Term loans have a maximum tenor of not more than 3 years with, at least, one-year moratorium.

How much can I access?

Households: Can access a maximum of N3 million

Loan amount to SMEs shall be determined based on the activity, cashflow and industry/segment size of beneficiary, subject to a maximum of N25 million.

Working capital shall be a maximum of 25% of the average of the previous 3 years’ annual turnover. (where the enterprise is not up to 3 years in operation, 25% of the previous year’s turnover will suffice).

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How It Works

STEP 1

Submit An Application

The process is easy.You can begin on your phone, your tablet or your laptop.

Submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic.

STEP 2

Approval

We review your application and forward the application to the CBN for final approval.

STEP 3

Disbursement

CBN reviews applications and gives final approval for disbursement to NMFB

How to Apply on NMFB Covid-19 Loan Website.

For more information and to apply, visit https://nmfb.com.ng/covid-19-support/

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40 Comments

  1. Garba Dabo Manomawa on September 2, 2020 10:11 pm

    I need the loan, becourse of improved my capital.

    Reply
  2. Omolua Ebehigie Godson on August 4, 2020 11:07 pm

    Very good and helpful

    Reply
  3. Timi on July 25, 2020 12:48 pm

    My husband need the loan for his cab business

    Reply
  4. Abubakar Wambai on July 17, 2020 12:40 pm

    I need a loan so that I will be in boss my business.

    Reply
  5. Aloysius chukwunonso odikpo on July 9, 2020 11:29 pm

    I need the form application

    Reply
  6. Aloysius chukwunonso odikpo on July 9, 2020 10:57 pm

    I need a loan to upgrade my business

    Reply
  7. Aloysius chukwunonso odikpo on July 9, 2020 8:06 pm

    Am trader , I sell teloring martirials

    Reply
  8. Ifegbunam Njideka patience on July 8, 2020 8:32 am

    I needed money for my poutlery

    Reply
  9. Ifegbunam Njideka patience on July 8, 2020 8:29 am

    Please l need money for my famer Garden

    Reply
  10. Shaayau lawali on July 1, 2020 3:24 pm

    How I well get the loan

    Reply
  11. shittu abdul hakeem on July 1, 2020 11:58 am

    How can I get the loan form

    Reply
  12. shittu abdulhakeem on July 1, 2020 11:50 am

    I nead the loan to upgrade my business

    Reply
  13. Oluchi on July 1, 2020 9:58 am

    I need a loan for my small scale business

    Reply
  14. Shuaibu abdullahi on June 30, 2020 3:34 pm

    I’m a business man,with provision shop.with almost 3,000000.as then before convict19 scenario.but now I’m completely down,becourse of like of capital to move on with my business.as a Nigeria I had about this great upper,i says let me give a trial.becouse I believe with God it may become reality for me.

    Reply
  15. Akinlabi akin on June 30, 2020 1:48 am

    Please my name is akinlabi akin I have done the necessary to fill the form and submitted it,but yet no response to know if it was approve or not,please me so that I can get up again my business sir please and please sir.thanks sir.The amount to start business is three hundred and fifty thousand naira only sir/ma.thanks

    Reply
  16. Akinlabi akin on June 30, 2020 1:44 am

    Please my name is akinlabi akin I have done the necessary to fill the form and submitted it,but yet no response to know if it was approve or not,please me so that I can get up again my business sir please and please sir.thanks sir

    Reply
  17. Bulus Alkali on June 28, 2020 11:06 am

    I wish to apply for the nmfb loan

    Reply
  18. Shtong Nansat Sati on June 27, 2020 10:07 pm

    I apply for the loan but no reply from them yet

    Reply
  19. Umar michael on June 27, 2020 9:29 pm

    Sir I have filled the application , farming rice and maize

    Reply
  20. Adesanya oyinlola abiodun on June 27, 2020 8:51 pm

    Good evening sir I need five hundred thousand naira

    Reply
  21. Adesanya oyinlola abiodun on June 27, 2020 8:48 pm

    Need money for financing support

    Reply
  22. Emmanuel nnenna marrha on June 25, 2020 11:22 pm

    Pls I need a loan for House hold

    Reply
  23. Tonton Ebitan A on June 25, 2020 7:59 pm

    I to expand my Small Business

    Reply
  24. Abacha abubakar on June 24, 2020 8:08 pm

    How can i get a loan from you

    Reply
  25. Mudansiru ado on June 24, 2020 12:34 pm

    I need loan from you

    Reply
  26. Banjo on June 23, 2020 1:17 pm

    How can I get the loan form and how to apply

    Reply
  27. suleiman adamu on June 23, 2020 12:32 pm

    how is it easy for non graduates?

    Reply
    • James Kase on June 23, 2020 12:43 pm

      It is very easy. Only if you apply.

      Reply
  28. Auwal umaru on June 22, 2020 11:22 pm

    If I get five hundred thausand naira I still get hope to look for Morney o

    Reply
  29. Ate Victoria on June 22, 2020 9:20 pm

    Comment:how can I access de loan form?

    Reply
  30. Yahaya zakari on June 21, 2020 11:47 pm

    good morning sir ineed loan for five hundred thausound naira

    Reply
  31. Yahaya zakari on June 21, 2020 11:39 pm

    Good morning sir i need loan for five hundred thausond thanks you sir

    Reply
  32. oluwatosin adeyeye on June 21, 2020 5:29 pm

    Good afternoon sir please i need a lone form sir

    Reply
  33. vembe agum Hyacinth on June 21, 2020 11:01 am

    I wish to apply for nmfb in Nigeria and also need of load of five hundred thousand naira.

    Reply
  34. Auwal Muhammad on June 20, 2020 11:44 pm

    We are waiting

    Reply
  35. Auwal muhammad on June 20, 2020 10:00 pm

    How can I get a loan form

    Reply
  36. Auwal muhammad on June 20, 2020 9:55 pm

    I want to get a loan from you

    Reply
  37. Oketona Taiwo on June 20, 2020 4:49 pm

    I have fill the form but I don’t know if my application is successful

    Reply
  38. Suleiman sani on June 20, 2020 7:58 am

    I’m local race saller

    Reply
  39. Muhammed nasiru on June 20, 2020 12:19 am

    Howe I get the plat form

    Reply

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