Information reaching Nyscinfo.com news desk indicates that Covid19 Loan disbursement is ongoing. At the time of this publication many applicants for the loan have received credit alart. Below is the screenshot of a credit alert as received by nyscinfo.com;
We congratulate all those who have successfully received their CBN Covid-19 loan. However, it is important to note that is a “loan” not “grant” meaning that all the beneficiaries are expected to pay back the money with interest.
For those who are yet to get credit alart for the loan should Check their Covid19 loan approval status.
Tips To Check Your COVID19 Loan Status:
- When the site complete loading, select the type of loan you applied (SME or Household).
Enter your Bank Verification Number (BVN). Don’t be scared to enter BVN, the website is the official website of Nirsal Microfinance Bank for the COVID-19 TCF just as https://nyif.nmfb.com.ng is for Nigeria Youth Investment Fund
and https://nirsalmfb.caderp.com/Account/Register for AGSMEIS Loan Scheme.
A response will be displayed when you enter your BVN.
(A) If it says your Loan has been approved, it will load your information asking you to accept your Loan offer. Proceed to accept the offer.
(B) If it says ‘Your loan has not been approved, check back later’, kindly check back later as Instructed.
(C) If it it says “BVN does not exist”, do not panic! Just keep checking back from time to time as approval is ongoing.
Note: Patience is the key to get COVID-19 Targeted Credit Facility Loan.