NIRSAL Loan Approval & Application Status 2023 » Voice of Nigeria
Are you wondering if your loan application with the NIRSAL Microfinance Bank has been approved? In this article, we will provide you with genuine information on “how to check the status of your loan application?”
And also the process for obtaining a loan from NIRSAL.
NIRSAL Microfinance Bank is one of the leading loan providers in Nigeria. Many Nigerians apply for loans from this bank. However, some applicants may be curious to know about the status of their loan applications.
In this article, we will provide a detailed guide on how to check your loan application status (approved or rejected).
Creating a Profile on the NIRSAL Portal
First of all, you have to create your profile on NIRSAL system. This is a necessary step so that you will have access to the portal where you can check your loan status. If you haven’t created a profile, you won’t be able to login and check your application status.
To create a profile go to the NIRSAL website and click on the “register” button. You will be asked to provide your personal information like your name, email address and BVN. After successful registration, you will be able to login and check your loan status.
Checking NIRSAL Loan Status 2023
In order to check your NIRSAL loan application status enter your BVN (Bank Verification Number).
After BVN verification, you will be allowed to check NIRSAL loan status. Once your loan is approved you will receive a message with the approved loan amount.
NIRSAL loan approval Check For Household:
Applicants whose application for household loan then visit the following link, enter BVN details and check the loan approval status.
https://covid19.nmfb.com.ng/HomeLoans
NIRSAL loan approval Check 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 advise 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.
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.
Eligibility for a NIRSAL Loan
Please note that only qualified applicants will be eligible for a loan from NIRSAL. The bank will evaluate your application based on several factors such as credit score, income and loan repayment ability. If you do not meet the requirements Your loan application may be rejected.
In case you don’t see your loan application status. You should also check your email regularly. Don’t forget to subscribe our free email notification service at voiceofnigeria.org.ng to get alerts immediately. This is because the bank may contact you to provide additional information or inform you of the status of your application.
