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Have you Applied for CBN Covid-19 Loan and not yet Approved (Here is what to do)
For those of you who have applied for the CBN intervention Covid-19 Loan and has not yet received your payment. Kindly pay attention to this post as I will highlight some of the reasons and what you should do.
Before I proceed, for the sake of those who have not yet applied, the application process is still ongoing and you can apply by following this link CBN COVID 19 LOAN APPLICATION
Meanwhile, I have received several emails recently regarding the CBN COVID 19 Loan application. And as a matter of fact, I will like to address some of the questions here.
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The reason being that most people are having the same issues and publishing a solution to the public will have a positive effect on all.
Firstly, I will like to highlight some of the conditions for both household and SMEs. We can not do away with the fact that terms and conditions are the most integral part of any application.
So, understanding the terms will give you hints as to what you are about to do. Below are some of the terms though they were posted in my last article if you have been following me.
For Businesses/SMEs
- Agreement to be signed by the customer, giving NMFB
- Rights to take over pledged assets in the instance of loan
default. - Insurance cover on the asset financed or asset availed
as flexible collateral, with the NMFB noted as the first
loss payee. - Loan amount must match loan repayment plan and
loan purpose. - Domiciliation of proceeds with NIRSAL Microfinance
Bank. - Registered business with CAC
- Evidence of tax payments
- BVN
- Letter of Introduction
- Passport photo of you and guarantor
- Valid ID card
For Household/Individual
- BVN
- Letter of Introduction
- Passport photo of you and guarantor
- Valid ID card
Now, you may have applied for the loan for a long time now and discovered people who just registered for the application have started receiving their fund.
This happens most often when your application is not clear, perhaps there could be a mistake either from any of the fields provided and because there are too many applications to attend to yours will just be thrown aside subject to when they will come back to review it.
Similarly, you may have received an alert from NIRSAL, however, payment has not been credited into your account. Be of good courage do not panic, in fact, congratulations all you need to do is to exercise more time for your payment to be disbursed.
For those who have verified their BVN but still pending payment, you have no issues. Like as I have stated above the portal is congested with so many applications to attend to and until it reaches your turn to review I am afraid you may not receive any notification from CBN any time soon.
On this note, we encourage everyone to be of good cheer and not despair, everything is going smoothly as at the time of making this post.
Finally, if you have more questions regarding CBN COVID 19 Loan Application please kindly leave a reply on our blog not on Opera and our team will reply to you in a short while.
To apply kindly visit CBN COVID 19 APPLICATION PORTAL
Don’t forget to also share this article by using any of the social share buttons below.
Mohammed mustapha
Tuesday, 10 August 2021, 6:39 at 6:39 am
have you start paying the covid 19 loan or not
Bernard Bassey
Tuesday, 10 August 2021, 8:33 at 8:33 am
Payment has started already.
Abubakar ibrahim muhammad
Sunday, 30 May 2021, 3:06 at 3:06 pm
Ibrahimmuhammadabubakar@gimel.com
Egwuatu Bright
Thursday, 11 March 2021, 5:38 at 5:38 pm
I have gotten approval sms and loan offer letter on 17th February 2021 and yet my account has not been credited, is there any other thing i need to do before my account will be credited?
Bernard Bassey
Thursday, 11 March 2021, 10:27 at 10:27 pm
Exercise more patience.
Esther
Friday, 26 February 2021, 7:15 at 7:15 am
I tried to accept my terms and agreement for the loan. But, keeping showing rejected what do I do?
Abdulsalam abba
Wednesday, 17 February 2021, 2:30 at 2:30 pm
Hy my name is abdulsalam abba zadawa. I have fill a nirsals form over 10month back but my request was not yet approved thanks you
Jibrin ali
Friday, 15 January 2021, 9:31 at 9:31 pm
Market
Abubakar Umar
Tuesday, 12 January 2021, 7:15 at 7:15 pm
Good morning ma/sir. I am Abubakar Umar I was among of those that applied for covid-19 house hold loan successful. many of those we applied together have received their own! And some are still receiving. please sir/ma i beg of you in the name of GOD to do something about my own. I hope my request will be due consider and approval. Thank you.my phone Nmb (08021354011) and (09036416494)tnk you for you one contributions
Zanna S baba
Sunday, 20 December 2020, 11:49 at 11:49 pm
Please asestand me to give me some money to injon my life my business is better
shafiu bala lnusa
Thursday, 24 September 2020, 12:10 at 12:10 am
Business man
Lagos to Kano
Rice macarroni coscos Olga
shafiu bala lnusa
Thursday, 24 September 2020, 12:07 at 12:07 am
Very nice Nigeria
shafiu bala lnusa
Thursday, 24 September 2020, 12:00 at 12:00 am
Nice Nigeria
Smart
Tuesday, 30 June 2020, 9:19 at 9:19 am
Nigerians! Ignorance!!
Samaila Abdullahi
Monday, 22 June 2020, 11:04 at 11:04 pm
Even me I was applied it since last month but not yet received anything
Samaila Auwalu Muhammad
Sunday, 28 June 2020, 11:41 at 11:41 am
Letter of Introduction
Passport photo of you and guarantor
Valid ID card
Good day please all this you mention for the household loan in the covid19 CBN loan application I didn’t fill them before submitting my form please what can I do now or how do I get them pls.
I hope I will be considered by sir, thank you.
Ijudigal Afina
Monday, 22 June 2020, 12:34 at 12:34 pm
I need a loan from you to support my business
Safiyan sale
Tuesday, 23 June 2020, 8:33 at 8:33 am
Sir,ineed a lond
oshitoame segun
Monday, 22 June 2020, 4:14 at 4:14 am
BVN
Letter of Introduction
Passport photo of you and guarantor
Valid ID card
Good day please all this you mention for the household loan in the covid19 CBN loan application I didn’t fill them before submitting my form please what can I do now or how do I get them pls
Uwaila Okwudi
Monday, 22 June 2020, 11:37 at 11:37 pm
I apply for the household loan but I didn’t fill the letter of introduction
Passport photo of you and guarantor, valid ID card… But I got an email from them that my loan is been processed but after that ve not gotten any other message. Thanks pls waiting for your reply.
OJO AGNES OLUWAFUNMILAYO
Sunday, 21 June 2020, 3:11 at 3:11 pm
I applied for mini sme, not email, no sms, please help me, I need the loan to expand my business.
Owenfi Sunday Odang
Sunday, 21 June 2020, 11:20 at 11:20 am
I had applied for the CBM Covid 19 support loan for over a month now. No response whether it has been approved or not. Also we I heard that applicants should update their bank details, I tried inputting the BVN details but it will not submit.
Please help. What do I do?
Isah ibrahim
Saturday, 20 June 2020, 5:26 at 5:26 pm
I apply covid19 more than two weeks ago but yet to received my approved what are you going to do tnkyou
Omilesan timi
Saturday, 20 June 2020, 12:06 at 12:06 am
Hello pls I need a loan from covid 19. since the virus come to Nigeria am not doing anything for now. so pls I need loan to do business
Muhammad kassim
Friday, 19 June 2020, 11:05 at 11:05 pm
I am a business man with low income
Bernard Bassey
Friday, 19 June 2020, 11:49 at 11:49 pm
You can apply with your business.
Usman Buba Garba
Friday, 19 June 2020, 10:52 at 10:52 pm
I want the loan
Aladesua Suyi Lazarus
Friday, 19 June 2020, 11:11 at 11:11 am
I applied and was acknowledged but I have not heard anything since that time.
Michael c Orshio
Friday, 19 June 2020, 8:34 at 8:34 am
I have applied and receive SMS but up till now I have not seen approval
Ibrahim mohammed salisu.
Friday, 19 June 2020, 7:24 at 7:24 am
I apply for the loan and recieved an acknowledgement on my application on the 18th april 2020.
On the 10th june 2020, i recieved a text message indicating my application has been approved and that i should indicate acceptance of the loan based on certain terms and conditions which i expressely did.
However nine days after that,iam yet to be credited.
Edward Aniebor
Friday, 19 June 2020, 7:16 at 7:16 am
I have applied and I was told successful up till now am yet to get any other message from you
KABIRU ABDULLAHI KIRIM
Friday, 19 June 2020, 9:26 at 9:26 pm
I have applied and was aknowle
Johnbull Oisamoje
Friday, 19 June 2020, 6:40 at 6:40 am
I have apply for the convid 19 loan since April up till now no update,
Though I apply to boost my farm cassava farm and a small peotery, farm, but I didn’t register it with the cooperate affair commission, because am a civil servant, and payment can be made from my salary every month,all required documents have been submitted,am I still qualify for the loan?
Auwal muhammad Naraguta
Sunday, 21 June 2020, 7:35 at 7:35 am
So we are still waiting, for CBN THANKS
Nura Abdullahi
Sunday, 21 June 2020, 3:28 at 3:28 pm
Hello Sir i have applied for the covid19 nirsal loan and was acknoledge since April. But am yet to receive any message. Please guide me
Sagiru
Friday, 19 June 2020, 6:34 at 6:34 am
I want the loan
Abubakar Abdullahi
Friday, 19 June 2020, 6:03 at 6:03 am
Good morning Sir, I am Abubakar Abdullah from DARAZO LGA Bauchi state. I have applied on 13/06/2020, and i received email that, my application have been received. But till now my account didn’t credited.
Olugbile gbenga sulaiman
Thursday, 18 June 2020, 9:21 at 9:21 pm
I have signed all the ne essay papers. But whenever I I submitted my acct number and bank name it will say successful. But if I tried again it will still prompt me to submit my bank details. For the past o e month I have been doing that but no alert. Pls help me out.
musa mohammad tukur
Thursday, 18 June 2020, 9:20 at 9:20 pm
i have apply and i didnt recieve any sms
Abdulaziz bashir
Thursday, 18 June 2020, 8:14 at 8:14 pm
We apply for this COVID-19 loan but not yet approve while you people said approval is within 48hours.
Aji Ibrahim
Thursday, 18 June 2020, 6:55 at 6:55 pm
I applied for for covid 19 loan up to now no sms
Adamu lawal abdulahi
Thursday, 18 June 2020, 4:29 at 4:29 pm
I have received approval latter or acceptance letter Last week and I click on agree.
Which means I accept the condition but up to now I did not receive any alar from mfbn .
Sir what can I do?
Or what is the
Samson Soneye
Thursday, 18 June 2020, 2:59 at 2:59 pm
If someone have already credited with SME loan and that person
started spending that fund on his/her business and he/she later discovered he/she still need more fund for his/her business a little bit, can that person still apply for the loan again? Even if it will not up to the amount he/ she collected
Anjorin Joshua
Thursday, 18 June 2020, 1:11 at 1:11 pm
sir, for household how can we get our passport, iD ,letter of introduction across to you.
Abubakar Isa onana
Monday, 22 June 2020, 7:19 at 7:19 am
How do I pay back the loan?
Uwaila Okwudi
Monday, 22 June 2020, 11:43 at 11:43 pm
I apply for the household loan but I didn’t fill the letter of introduction
Passport photo of you and guarantor, valid ID card… But I got an email from them that my loan is been processed but after that ve not gotten any other message. Thanks pls waiting for your reply.
Abubakar owutekyo Bashir
Thursday, 18 June 2020, 12:27 at 12:27 pm
Sir,I applied my on 17/6/2020, but in a process of registering my information in the first place all are successful but to the submission level it’s showing me that is a network problem, them later around I when and reapply with same information and both was submitted sir what will be the solution Sir thanks.
Nura Abdullahi
Sunday, 21 June 2020, 3:31 at 3:31 pm
Hello Sir i have applied for the covid19 nirsal loan and was acknoledge since April. But am yet to receive any message. Please guide me
Ahmad Sani Ahmad
Thursday, 18 June 2020, 12:23 at 12:23 pm
I have submitted my account details since last month 6/5/2020, but up till now I never received the alert. I am Ahmad Sani Ahmad from KANO.
shina olajide
Thursday, 18 June 2020, 11:07 at 11:07 am
I Also Apply for the CBN corvid 19 house hold loan but yet I have not received an confirmation letter automated as other received
Ishola Oludayo Samson
Thursday, 18 June 2020, 10:41 at 10:41 am
I applied for the loan in the month of April and it was submitted successfully, thereafter i want to input my bvn and the response was that my bvn does not exist pls work in this regard. Thank you
Adamu Garba Ibrahim
Thursday, 18 June 2020, 12:16 at 12:16 pm
Yes
Kaspet
Thursday, 18 June 2020, 10:05 at 10:05 am
CBN waived guarantors form and consent.
Which guarantor are you talking of again. Households or SME
Abubakar Haruna Ibrahim
Thursday, 18 June 2020, 9:52 at 9:52 am
I have submitted my account number since 12June, 2020, but up till now I didn’t received the alert.
I am Abubakar Haruna Ibrahim from KANO.
Aisha Musa
Thursday, 18 June 2020, 7:11 at 7:11 am
I have applied 1 week ago but uptil now there is no response can I apply again?
nazifi mohammed
Thursday, 18 June 2020, 10:38 at 10:38 am
I have applied 1 week ago but uptil now there is not automatic response
Odoh Faith Beyi
Thursday, 18 June 2020, 2:49 at 2:49 am
Why is my loan not approved?
Alalade Bukola Felix
Thursday, 18 June 2020, 1:13 at 1:13 am
Please, how do I upload my passport photograph and that of the guarantor. The valid ID card as required by the terms and condition for the payment?
I had applied since April, I have not been paid. Though, I had complicated my verification on 17th of June, 2020. I hope to get it reply soon.
Sani Abdulhamid Bako
Wednesday, 17 June 2020, 11:12 at 11:12 pm
I applied, got acknowledged and later received approval SMS with a link. I followed d link and validated my BVN and also furnished them with my account details with d expectations that within 48 hours I will be credited, but since of 8/06/2020 and until now I haven’t received any alert.Pls what could be d problem?
Nasir Ahmad
Wednesday, 17 June 2020, 6:31 at 6:31 pm
Based on the term and conditions I realized that I made a mistake during registering so what is the next step can I correct mistake or it’s over.
ifeneke linus
Wednesday, 17 June 2020, 5:15 at 5:15 pm
Dear. Sir i apply since 12 of June I have not received any messages why
Saad abubakar
Wednesday, 17 June 2020, 4:44 at 4:44 pm
I have applied for this loan and yet not approved
You ask me to give account number and bank name, but I didn’t hear any alert yet!
Please concern my application 🙏
Amina B. muhammad
Wednesday, 17 June 2020, 6:24 at 6:24 pm
I have applied for this loan since May/2020 but yet to approve
Daniel Ojima Ugoya
Thursday, 18 June 2020, 8:58 at 8:58 pm
I have applied for covid19 loan since June 06/2020 and don’t get reply up till now.my colleges have been receiving their elert.I need the loan to enable me to expand my farm. Ugoya farm. Farming maize.
Ismaila usman
Thursday, 18 June 2020, 11:27 at 11:27 pm
I have applied for this covid-19 loans and I was saw massage in my gmail account. What does that massage means pls?
GIFT ONYINYECHI DAVID
Wednesday, 17 June 2020, 3:26 at 3:26 pm
I applied for convid19 household loan and it was approved and I accepted the offer since last week, but up till now my account has not been credited and I try calling this number 09010026900 but it has been busy. I’m GIFT ONYINYECHI DAVID calling from Ebonyi State.
Bernard Bassey
Wednesday, 17 June 2020, 4:16 at 4:16 pm
You will be credited soon.
famous madu
Thursday, 18 June 2020, 11:37 at 11:37 am
I am famous madu my loan have approved but is not yet open SE last week with did I do
Nazif Abdullahi
Wednesday, 17 June 2020, 3:21 at 3:21 pm
Hello’
I have received credit alert from nirsel micro finance bank while I don’t have account with them and I went to Bauchi branch to claim my fund but got harassed by the bankers. To cut the story short I’m yet to take my money since last week Thursday when the alert reached me
Isah Muhammad Ahmed
Wednesday, 17 June 2020, 1:58 at 1:58 pm
Am Isah Muhammad Ahmed I applied for covid19 loan since may but no any respond from you why pls.?
isaac
Wednesday, 17 June 2020, 7:45 at 7:45 am
Im sorry for everyone applying n releasing your bvn no, dont be surprise if your acc is wiped out, I dont know y we are so gullible in this end, did you all read this from reliable newspapers n on tv n radio stations, or you think govt is so poor to suchnextent pr making it hidden, ask urself who will uou cry to after been duped, 1st step is to consult your bank for authentication of the exercise or do you think they’ll not know ?, I beg.
Bukola
Thursday, 18 June 2020, 9:35 at 9:35 pm
Sir, u are totally wrong. This info is 100%real I will advice u also join the line. I can tell that this loan is real not SCAM.
Shehu Ahmed sunusi
Thursday, 18 June 2020, 10:32 at 10:32 pm
I’m,shehu Ahmed shehu
Linus Yohanna
Wednesday, 17 June 2020, 7:32 at 7:32 am
To whom it may concern on this blog, I apply for the COVID-19 CBN loan and it was successful which they reply via My Email that they are still processing they will get back to me, they have not responded, please what is goingon on this process? Thanks Mr. Linus. From Kaduna State.
Ochowechi Ocheje Danjuma
Tuesday, 16 June 2020, 10:51 at 10:51 pm
My name is Ochowechi Ocheje Danjuma, I applied for this loan since April and was confirmed to be successful yet no further information till date
Auwalu Rabi'u
Tuesday, 16 June 2020, 9:47 at 9:47 pm
Hello Sir/ madam. I have applied for the loan but I am yet to receive any approved massage. Please what is the problem?
Abdulazeez Abdulakeem Bolaji
Tuesday, 16 June 2020, 8:55 at 8:55 pm
I applied for the loan, was told to provide many documents which I don’t have, and since then I didn’t hear anything again
imoh johnny
Tuesday, 16 June 2020, 8:20 at 8:20 pm
Please sir/madam have tried applying for the loan this evening but I am told the maximum number of people have responded to this form please is registration not on again?
Badamasi Bala
Tuesday, 16 June 2020, 7:34 at 7:34 pm
I have apply for the loan but nothing yet to send to me
Julius
Tuesday, 16 June 2020, 3:55 at 3:55 pm
I applied since 15-06-2020 but I have not received any mail nor text message. I hope my application was successful.
Kusagba comfor
Tuesday, 16 June 2020, 2:50 at 2:50 pm
I applied for the loan on line on 16th may, submit my form, and I received the acknowledgement of my submission immediately that they will contact me, but up till today no nothing o
Akpoghol
Tuesday, 16 June 2020, 1:52 at 1:52 pm
I was aknowledged by but no further communication as to Qualification or not.
Ahmad sabiu
Tuesday, 16 June 2020, 1:47 at 1:47 pm
My name is Ahmad sabiu I applied the covid19 credit loan in April 29 but u are sending a message to me inside my phone but u give me a link I click the link to put my account number and and put my name of account but still now I not received my money what is the problem we are approve my application already my bank name is keystone bank please I need to help me about my problem but we said if you are approve waiting for 48 hour if u are not received your money call this number 09010026900 I call the number is switched off please help me God bless you thanks good bye.
RWUAAN CELINA
Tuesday, 16 June 2020, 12:02 at 12:02 pm
I apply but you said my BVN is invalid,how?
Bernard Bassey
Tuesday, 16 June 2020, 12:50 at 12:50 pm
Please, BVN is not the first step, only those eligible for the loan are called to verify their BVN. Kindly check my other post to see the first step.
Ibrahim A. Kassa
Tuesday, 16 June 2020, 8:53 at 8:53 pm
I have apply since 16 may but yet what can I do?
Ludofia
Tuesday, 16 June 2020, 11:26 at 11:26 am
I applied for covid19 loan in April a mail was sent to me requesting for my statement of account on 08 May I saw this mail a month later i have sent then the requested statement I just hope it in order
Sundayshade
Tuesday, 16 June 2020, 10:55 at 10:55 am
I want to apply for the cbn covid 19 loan how can I apply
Ekechi Ifeanyi Barry
Tuesday, 16 June 2020, 9:53 at 9:53 am
Pls how can I apply for the loan, and can a civil servant apply for this loan?
Bernard Bassey
Tuesday, 16 June 2020, 12:53 at 12:53 pm
The loan is for those who are adversely affected by COVID
Aladetan Adegbayin
Tuesday, 16 June 2020, 9:30 at 9:30 am
I applied for covid 19 loan with all requirements but no approval yet
ADEX AND ALADEX SALACON NIG LTD
Abubakar Muhammad
Thursday, 18 June 2020, 1:05 at 1:05 pm
I have received a message telling me that their is problem regarding my account now I have update my account
Fabian Ogbonne
Tuesday, 16 June 2020, 9:23 at 9:23 am
I have applied for household loan since April 2020 but I have not gotten any reply from them at all. Even my bvn was entered on the on the online application. What should I do and how do I reach out to them
Tony Kel
Tuesday, 16 June 2020, 8:36 at 8:36 am
I applied on the 3rd of April. I only got an email alert acknowledgement. I never got a further response since then. It is over 2 months now.
What could be the reason for this?
Thanks in anticipation of your prompt response.
Muhammad magaji
Tuesday, 16 June 2020, 7:43 at 7:43 am
Hello, Good morning Sir/Ma
I’m muhammad magaji by name from Katsina state, i applied this cbn covit-19 loan since April also i was ask to forward my bank statement of account of a 12 good months, I did that a day to the message send to me that request the bank statements of account, but up to I didn’t received any thing approved or not approved, I don’t know.
I don’t know where the problem came from.
Darlington Nwogu
Tuesday, 16 June 2020, 7:06 at 7:06 am
Hi i applied for the loan for a month up till no response whatsoever via sms nor email wat could b d cause
Jibril isa
Tuesday, 16 June 2020, 5:25 at 5:25 am
I Also Apply for the CBN corvid 19 house hold loan but yet I have not received an confirmation letter automated as other received. Tnxs
GBAZENDAN iorhen
Tuesday, 16 June 2020, 3:27 at 3:27 am
I’m. GBAZENDAN IORHEN from Benue state, I have applied for Covid-19 loan and shortly got confirmation email to acknowledge the receipt of the mail, with the promise to reach to me within 72 hours yet I had not gotten any other message. What will I do?
Iorper Katsina
Tuesday, 16 June 2020, 9:14 at 9:14 am
I have applied since April and got a text to send my bank statement and utility bill which I did and till now no payment or update.
Rabiu murtala hamisu
Tuesday, 16 June 2020, 1:40 at 1:40 am
my name is Rabiu murtala hamisu from kano i have applied for the covid19 loan days ago but thre is no update thnks u sir
Muhammad Kabir
Thursday, 18 June 2020, 11:06 at 11:06 am
Hello
I was sent a text that my loan was approved, a link was sent with the massage when visit the link its showing me “you have previously submitted this information” but up to now i did not receive any funds. Please regard my message..
Thank you sir
Bernard Bassey
Thursday, 18 June 2020, 11:29 at 11:29 am
Wait for the batch currently ongoing, you will be credited.
Salisu muhammad
Tuesday, 16 June 2020, 12:43 at 12:43 am
My name is salisu Muhammad from Bauchi state, I have apply for the covid-19 loan but up till now I have not receive any response via my mail about my application have been received like others received in a shortest time. Pls I need an update about my issues.
Ibrahim Mohd
Tuesday, 16 June 2020, 12:43 at 12:43 am
Hi I had apply long time ago under development two programs but till now no sms to me why sir?
Isah Muhammad Ahmed
Wednesday, 17 June 2020, 1:57 at 1:57 pm
Am Isah Muhammad Ahmed I applied for covid19 loan since may but no any respond from you why pls.?
Bernard Bassey
Wednesday, 17 June 2020, 5:29 at 5:29 pm
Kindly exercise more patience.