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.

CBN COVID 19 Loan for Household (CBN Loan Application portal 2020)

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

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106 thoughts on “Have you Applied for CBN Covid-19 Loan and not yet Approved (Here is what to do)

  1. 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?

  2. 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

    1. 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.

  3. 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

    1. 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.

  4. 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?

  5. 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.

  6. 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?

  7. 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.

  8. 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

  9. 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

    1. 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.

  10. 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.

  11. 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

  12. 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.

  13. 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?

  14. 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 🙏

    1. 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.

  15. 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.

  16. 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

  17. 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.

  18. 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.

  19. 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?

  20. 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

  21. 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.

  22. 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

  23. 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

  24. 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.

  25. 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.

  26. 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?

    1. 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

  27. 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.

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