moneymind:
For those who mistakenly clicked no when asked about bank transfer, they will open a Nirsal Microfinance Bank account for you, you just need to find the nearest branch when you receive your alert. You will get an alert when you are paid but the money will be in that account. People have been posting similar issues on twitter.

Pls where did you get the info?
Because I click No I thought they Will get my bank details through bvn

Eray:
Please I don't know if I did this right, I validated my BVN, then I accepted the offer. I was asked to put my bank details, I left the page to copy my account number and returned only to find out that the page had closed. Trying to reenter the page by imputing my bvn but the response I keep getting is that I have previously submitted this information. Is there anyway I can get back in to fill in my account details?

According to CBN if you were unable to fill your bank details after accepting your loan offer, go to nmfb.com.ng to fill in your bank details

I applied for 500k but I'm seeing 450k here. I don accept but yet to get alert. How long e dey take to receive alert?

Alert don dey land

profdotcom:
Alert don dey land

You got an alert?

Peachbloom:


You got an alert?

Yes, 425k....

profdotcom:
Alert don dey land

Are you for real? Pls did you fill your account details. I mistakenly click No hoping they will get my account details through bvn

Peachbloom:

You got an alert?

pls, how long chat does it take to receive approval message?

firo08:


Are you for real? Pls did you fill your account details. I mistakenly click No hoping they will get my account details through bvn

yes I filled it... But in your case you can contact their nearest office

I received the alert not quite long... That's very good the FG, they approved 450k and I got 425k

I would have done the same for my sister to safe her d stress of going to NMFB to complete the account opening process, but I thought it was a scam so I don't want to put her account details, but for me I no get money wey dey want comot

I have some questions to ask if anybody have the answer

1. I selected 3 yrs for repayment with 1 year moratorium period but I went to back to the offer letter now and am seeing something like 12 months with 3 months moratorium.

2. I think a payment schedule should be sent to our mail so that we will know the exact amount to repay, we are just seeing 5% p.a for the first year and 9% p.a which one do we believe

Lastly ,the upfront payment is for what because me I didn't bother to read the story on the offer letter its just too much for me , I just checked the box and click on accept offer.

Please which bank are you using, still waiting here.

profdotcom:
Alert don dey land

Congrats. I accepted the offer about 7:00am yesterday. Is it close to yours?

hardeyeanc:
I received the alert not quite long... That's very good the FG, they approved 450k and I got 425k

I would have done the same for my sister to safe her d stress of going to NMFB to complete the account opening process, but I thought it was a scam so I don't want to put her account details, but for me I no get money wey dey want comot

I have some questions to ask if anybody have the answer

1. I selected 3 yrs for repayment with 1 year moratorium period but I went to back to the offer letter now and am seeing something like 12 months with 3 months moratorium.

2. I think a payment schedule should be sent to our mail so that we will know the exact amount to repay, we are just seeing 5% p.a for the first year and 9% p.a which one do we believe

Lastly ,the upfront payment is for what because me I didn't bother to read the story on the offer letter its just too much for me , I just checked the box and click on accept offer.

That is very positive side of this government, the impacts will be great in recovery from economic downturn as a result of covid19. Please invest your capital wisely.

samsolog88:
Has any SME approval been able to validate BVN details? Have been trying to do this but this is the error message am getting

Use another browser.

hardeyeanc:
I received the alert not quite long... That's very good the FG, they approved 450k and I got 425k

I would have done the same for my sister to safe her d stress of going to NMFB to complete the account opening process, but I thought it was a scam so I don't want to put her account details, but for me I no get money wey dey want comot

I have some questions to ask if anybody have the answer

1. I selected 3 yrs for repayment with 1 year moratorium period but I went to back to the offer letter now and am seeing something like 12 months with 3 months moratorium.

2. I think a payment schedule should be sent to our mail so that we will know the exact amount to repay, we are just seeing 5% p.a for the first year and 9% p.a which one do we believe

Lastly ,the upfront payment is for what because me I didn't bother to read the story on the offer letter its just too much for me , I just checked the box and click on accept offer.

Pls when did you accepted the loan offer that made them credit you so fast?

hardeyeanc:
I received the alert not quite long... That's very good the FG, they approved 450k and I got 425k

I would have done the same for my sister to safe her d stress of going to NMFB to complete the account opening process, but I thought it was a scam so I don't want to put her account details, but for me I no get money wey dey want comot

I have some questions to ask if anybody have the answer

1. I selected 3 yrs for repayment with 1 year moratorium period but I went to back to the offer letter now and am seeing something like 12 months with 3 months moratorium.

2. I think a payment schedule should be sent to our mail so that we will know the exact amount to repay, we are just seeing 5% p.a for the first year and 9% p.a which one do we believe

Lastly ,the upfront payment is for what because me I didn't bother to read the story on the offer letter its just too much for me , I just checked the box and click on accept offer.

1. It looks that this is the standard offer for household loans. Max 1 year tenor.
2. The total loan plus 5% interest will be divided by 12, you are expected to pay each month starting from the 3 months moratorium. In your case, you'll probably be paying 40k monthly starting in 3 months.
3. Lastly, Nirsal Microfinance bank charged 4% to process the loan.

Meanwhile, please could you let me know the day your accepted, because mine is approaching 48 hours now, accepted 2 days ago.

I applied for household loan ,and I entered my personal Bvn not my business bvn ,will they ask for bank statement?

If they do can I use my business bank statement or it has to be my personal bank statement?

I am trying to enter my bvn but saying bvn does not exist,what can I do please?

trevolady:
I am trying to enter my bvn but saying bvn does not exist,what can I do please?

Its either network or you are entering it in the wrong section. If you applied for household, make sure to check under household and not sme. Better still try both.

moneymind:


Its either network or you are entering it in the wrong section. If you applied for household, make sure to check under household and not sme. Better still try both.

Thanks

I am yet to receive alert. Has any other person received?

Please when did you accept your offer?

profdotcom:
Alert don dey land

profdotcom:
Yes, 425k....

please when did you accept the loan offer How long did it take before you got alert?

https://msmeafricaonline.com/cbn-waives-guarantor-requirement-for-n50bn-covid-19-loan-succesful-applicants-to-be-credited-within-48-hours/

The Central Bank of Nigeria (CBN) has announced via its official twitter handle yesterday that provision of guarantors would no more be a requirement for households and SMEs applying for the N50 billion COVID-19 Targeted Credit Facility to access the credit facilit

Around 4:00 am yesterday

chuksvoice:

Pls when did you accepted the loan offer that made them credit you so fast?

profdotcom:
Alert don dey land

please when did you accept the offfer, was it paid into your account of choice or your nirsal account?

hardeyeanc:
Around 4:00 am yesterday

But how comes it's only you giving testimony of been credited, I haven't heard or seen anyone apart from you. Hope you are not tricking us.

Its as though it's only one person got alert here. Pls, Oga can u screenshot evidence of receipt. Let's be sure. Thanks

He's not the only person. Two people have confirmed receipt on the page, and several others outside of nairaland too. They are crediting already.

Peachbloom:
He's not the only person. Two people have confirmed receipt on the page, and several others outside of nairaland too. They are crediting already.

And I don't think its first come, first served, because I did 2 days ago. Looks like its just random.

If I don't receive disbursement by the end of this week I may have to visit them physically