CBN COVID-19 Loan: CBN to Begin Second Batch Disbursement (Take note of the following)

For those of you who have not applied for the CBN COVID-19 loan, proceed to this website to register www.nmfb.com.ng/covid-19-support.

We wrote in our previous post the reasons why most of you have not received your loan payment through NIRSAL MFB. If you are interested to read about that, you can click on the link I have not Received Payment.

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.

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.

The only Official Website to Apply is www.nmfb.com.ng/covid-19-support

Over time, the CBN in collaboration with NIRSAL has begun the disbursement of this loan, and it is important to know that the loan is disbursed in batches.

Before you will be credited, you have to pass the minimum requirements as enamated by the CBN. These requirements were published in one of our articles, you can take a look here CBN COVID-19 REQUIREMENTS.

Meanwhile, the first batch of the loan has been disbursed and some of you who haven’t seen your credit alert or heard from the Agency should wait patiently for the second batch which has already begun today.

Also, if you have any questions regarding the CBN Covid-19 Loan application, we implore you to leave a reply in the comment section on our blog and if you are making a comment in opera, we may not be able to reply to you, just proceed to SEARCHNGR to make a comment.

45 thoughts on “CBN COVID-19 Loan: CBN to Begin Second Batch Disbursement (Take note of the following)

  1. I have applied for the TCF and my request was approved and even accept the offer but a second msg was send to me urging me to provide other details of my account which I did but up till now no disbursement yet what is the problem??

  2. It’s almost two weeks since my household loan was approved, and I have accepted the offer, visited their branch office twice but the money has not been transferred from my NMFB account to my personal bank account. I’m waiting for NMFB to transfer the money from my NMFB bank account to my personal bank account.

  3. I have send my account since last week Saturday after acceptance letter of the loan the approved me 300000.and send my account number but yet no credit alart.

    If I log in again for BVN validation it will say u have orady send these information! Please what is the oroby? How can I do please?

  4. I applied and submitted successfully, My questions:
    1.How will I know if my application is approved or not?
    2.How long will it take to review my application and get informed if my application is approved? Thanks.

  5. I want to if after someone has accept the offer and was ask to submit account details is there possibilities that he might not get the loan eventually?

  6. I have Submitted my application since on 14, June 2020 but up till now there is no any Message that send to me, but Show me successful submitted, What can I do?

  7. If you’ve received text from the nmfb approving your application kindly validate your BVN on the website given. Note after validating your BVN. You’ll be asked to proceed or decline, after this done then letter of offer will appear, scroll to the bottom of the page and click on the tiny box and submit finally a dialogue box bank name and account number will which you will fill and submit. And wait for 48-72hrs and when you get the alert go back nirsal officer nearest to you for further step

  8. How possible for a beneficiary to change his period of repayment from minimum of 1 year to maximum of 2 or 3 years? Kindly furnish me with the explanation, please.

  9. I have done with mine but my problem remain that I mistakenly choose one million nairia option instead of five hundred thousand as others are chosen which I don’t think that government are paying more than five hundred thousand

  10. mine have been approved but I keep on receiving messages to produce other account details for disbursement, I have send two different account details but same bvn but still no alert

  11. Pls how can one upload other document such as passport,letter,and guarantor form.

    And for non business owner or employee I was not given the option to choose the amount I want for the loan.

  12. I registered since April, the only thing I received was “thank you” no message no email no alert no submittion of documents, I was thinking that it is because, I didn’t fill my garantor form, but there is another announcement they have waive it. What I my to do?

  13. I applied in April too, acknowledge message was sent to my mail, thereafter message was sent to submit my documents which I did,uptil now I haven’t heard from them, people that registered may/June are those receiving the disbursement,

  14. I have yet to receive alert if covid 19 loan, I made a mistake in the area of Bank name,I wrote my but my account number is correct and my bvn also. So since I have not received my fund

  15. I applied for the loan in April, submitted the required documents and done the interview but up till now no reply,am yet to receive any message saying that my loan has been approved, pls what can be done

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