So, you’ve applied for a NIRSAL loan—whether it’s the COVID-19 support loan, AGSMEIS, or any of their other programs—and now you’re wondering, “How do I check if this money is coming or not?” Don’t worry, you’re not alone. Thousands of Nigerians are in the same boat, refreshing their inboxes and checking their bank apps like hawks.
Well, good news: checking your NIRSAL loan status is actually easier than you might think. I’m going to walk you through the steps in the simplest and friendliest way possible—no plenty grammar or long story. Ready? Let’s go.
First Things First: What’s NIRSAL Anyway?
In case you’re not totally sure what you signed up for, NIRSAL Microfinance Bank (NMFB) is a Central Bank-backed initiative that gives loans to help small businesses, farmers, and households. During the COVID-19 pandemic, they offered the Targeted Credit Facility (TCF) loan to support people and businesses who were affected.
They’ve also got other programs like AGSMEIS (for entrepreneurs and small business owners) and the Non-Interest Banking Window (for those who prefer Islamic finance principles). Now, let’s get to the part you really care about—how to check if your loan has been approved or not.
Method 1: Check Your Loan Status on the NMFB Website
This is the most straightforward way to check your application.
Here’s how:
-
Go to the NMFB official website
Visit: https://nmfb.com.ng -
Click on the Loan Status option
Look for a section like “Loan Application” or “Check Loan Status.” -
Enter your BVN
That’s your Bank Verification Number—just the 11 digits, no spaces or extra characters. -
Hit Submit
And boom! You’ll see your status instantly.
What Will You See After Submitting?
Once you enter your BVN and submit, your loan status will show up. It can be one of the following:
- Pending – Chill, they’re still reviewing your application.
- Approved – Congratulations! Your money is on the way.
- Disbursed – Check your bank account, your funds have been sent.
- Declined – Don’t panic. You can find out why and possibly reapply.
Method 2: If You Applied for the COVID-19 Loan (TCF), Use This Portal
NIRSAL has a separate portal for those who applied during the COVID-19 support period.
Steps:
- Visit: https://covid19.nmfb.com.ng
- Choose the type of loan you applied for – Household or SME
- Enter your BVN
- Click Submit
Simple as that. It’ll tell you if your application is pending, approved, or already disbursed.
Bonus Option: Use the NMFB Mobile App
If you’re more of a phone person, there’s an app for this too!
- Go to the Google Play Store or Apple App Store
- Search for “NMFB” and download the official app
- Log in using your phone number and details
- Navigate to the Loan Status section
This is super convenient for checking on the go.
A Few Important Tips (So You Don’t Fall Victim to Fraud)
- Only use official websites and apps – Scammers are everywhere these days.
- Never share your BVN or account details with anyone – Not even your “uncle in CBN.”
- Stay updated – Follow NMFB on social media or check their site for announcements.
In Conclusion…
Waiting for a loan to be approved can be stressful, especially when you need the funds ASAP. But with the steps above, you don’t have to be left in the dark. Whether you used the COVID-19 portal, the main NMFB site, or their app, tracking your NIRSAL loan status is now something you can do in minutes.
Still confused? Drop your questions in the comments section or reach out to NMFB support. And hey, if you’ve been approved—big congrats! Use that money wisely and build something awesome.