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NYIF Loan Discussion Thread - Business (9) - Nairaland

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Nyif Loan / NYIF Loan Application Portal: How To Apply, Verify Your Email / If Given The FG NYIF Loan Of -N-5M, What Would You Do With It? (2) (3) (4)

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Re: NYIF Loan Discussion Thread by Salako01(m): 12:38am On Feb 20, 2021
Anonymousgister:


Please what and what was required for the registered busines during the application? I want to use my elder brother CAC certificate (I managed the business when it was operational) and apply.

I don't want to click on registered business and regret it later.


Cac certification, TIN, Local government identification, chat me on WhatsApp. I screen recorded most of it.i will share with u
Re: NYIF Loan Discussion Thread by salamudeen(m): 12:39am On Feb 20, 2021
Eyesonly17:


Actually got to the last phase and submitted successfully as at noon today

Can i pm yu with mine i have been on it since last week no hope ordinary verification mail na war
Re: NYIF Loan Discussion Thread by u3fine(m): 2:43am On Feb 20, 2021
Just completed the application process for my wife.

Re: NYIF Loan Discussion Thread by Anonymousgister: 3:12am On Feb 20, 2021
Just finished for wifey (unregistered business category).

I want to start mine (registered business) but I have just the CAC cert number. Don't know how to get the TIN. Any clues on how fast I could get it?

And by the way, I was able to apply for 500k for hers. I don't get where the talk of 300k max is coming from.
Re: NYIF Loan Discussion Thread by slydog(m): 3:17am On Feb 20, 2021
Stayed awake till now, tryna get verification mail, nothing after more than 20 tries. Goes to sleep ��������
Re: NYIF Loan Discussion Thread by Fireandice(f): 3:18am On Feb 20, 2021
u3fine:
Just completed the application process for my wife.
It keep saying I should match existing format when imputing purpose for loan. How did u pass that stage
Re: NYIF Loan Discussion Thread by Anonymousgister: 3:20am On Feb 20, 2021
Salako01:



Cac certification, TIN, Local government identification, chat me on WhatsApp. I screen recorded most of it.i will share with u

Thanks. I don't have TIN at the moment. I'll probably just apply as unregistered business to avoid further delays.
Re: NYIF Loan Discussion Thread by Fireandice(f): 3:54am On Feb 20, 2021
I can only type in one of these boxes, any help on how to get pass this

Re: NYIF Loan Discussion Thread by Fireandice(f): 4:15am On Feb 20, 2021
u3fine:
Just completed the application process for my wife.
How did you pass this stage. It won’t let me type in the boxes. I can only type in one box

Re: NYIF Loan Discussion Thread by Anonymousgister: 4:26am On Feb 20, 2021
Fireandice:
I can only type in one of these boxes, any help on how to get pass this

Keep refreshing the page. If possible, change your browser or use a laptop.
Re: NYIF Loan Discussion Thread by Fireandice(f): 4:54am On Feb 20, 2021
Anonymousgister:


Keep refreshing the page. If possible, change your browser or use a laptop.

Still the same thing, once I type on one box it wont let me type on others
Re: NYIF Loan Discussion Thread by kingofthenorth: 4:56am On Feb 20, 2021
I just finished mine after more than a week of sleepless night.

Re: NYIF Loan Discussion Thread by objohn(f): 5:11am On Feb 20, 2021
please who can help me out with lga certificate,I need to make one
Re: NYIF Loan Discussion Thread by objohn(f): 5:20am On Feb 20, 2021
please I can't find my lga certificate can I use my brother's lga cert,his cac ,tin ,his bvn and account details and still get the loan?
Re: NYIF Loan Discussion Thread by Fucklove(m): 5:22am On Feb 20, 2021
Please someone should help me on what to fill here. I'm looking at taking a loan of 500k please how do I fill this? I'm confused cry cry cry

Re: NYIF Loan Discussion Thread by InvestmentMood: 5:53am On Feb 20, 2021
I have successfully verified my account. But I couldn't login. I was very sure of the password & email I used, yet is saving invalid email or password.
I have tried resetting password, but no message in my email.
Pls, help a brother in need of LOAN
Re: NYIF Loan Discussion Thread by Acidosis(m): 6:09am On Feb 20, 2021
objohn:
please I can't find my lga certificate can I use my brother's lga cert,his cac ,tin ,his bvn and account details and still get the loan?

His BVN? Haven't you submitted your (own) BVN?
Re: NYIF Loan Discussion Thread by Acidosis(m): 6:36am On Feb 20, 2021
.

4 Likes 1 Share

Re: NYIF Loan Discussion Thread by leadknight123(m): 6:38am On Feb 20, 2021
Guys after a week of torture, i finally have my application submitted.

Keep trying especially between 3am and 5am

And like someone suggested keep your details in a note pad and copy as you go
Re: NYIF Loan Discussion Thread by emmaak2(m): 6:43am On Feb 20, 2021
have gotten the mail just having difficulties verify it always telling me server time out
Re: NYIF Loan Discussion Thread by Nobody: 6:51am On Feb 20, 2021
emmaak2:
have gotten the mail just having difficulties verify it always telling me server time out

be patient it will go through at some point!
Re: NYIF Loan Discussion Thread by sonofthunder: 7:13am On Feb 20, 2021
leadknight123:
Guys after a week of torture, i finally have my application submitted.

Keep trying especially between 3am and 5am

And like someone suggested keep your details in a note pad and copy as you go


Thanks for the headsup...... What are some of the information and important documents I need to keep handy to preven t me moving back and forth
Re: NYIF Loan Discussion Thread by sonofthunder: 7:15am On Feb 20, 2021
Salako01:



Cac certification, TIN, Local government identification, chat me on WhatsApp. I screen recorded most of it.i will share with u

Hello, I'll like to hookup with you on WhatsApp with respect to your last post.
Re: NYIF Loan Discussion Thread by truvine(m): 7:29am On Feb 20, 2021
Acidosis:




I don't know the nature of your business and whether your previous selections justify the amount you seek but use this as a guide (you might need someone else to confirm the figures cos I did this in a hurry). Also note that these figures are appropriate only for a long tenure (e.g. 2-3 years). If you're considering paying back in one year, your sales revenue and gross profit should be higher.


Monthly sales revenue for 12 months -- N1,500,000

Projected monthly sales revenue (the above divide by 12) -- N125,000

Projected monthly operating expense (at least 40% of the above) -- N50,000

Projected monthly gross profit (N125,000-50,000) = N75,000

Projected annual operating expense (N50,000 x 12 months) - N600,000

Projected gross profit (2021) (75,000 x 12 months) - N900,000

Projected gross profit (2022) (increase 2021's gross profit by 10-20%) - e.g. N1,080,000

Projected gross profit (2023) (increase 2022's gross profit by 20-30%) e.g. N1,296,000.


This is so helpful, God bless your heart

2 Likes

Re: NYIF Loan Discussion Thread by Nobody: 7:51am On Feb 20, 2021
I have been stuck here for days now

Re: NYIF Loan Discussion Thread by Fucklove(m): 7:56am On Feb 20, 2021
Acidosis:




I don't know the nature of your business and whether your previous selections justify the amount you seek but use this as a guide (you might need someone else to confirm the figures cos I did this in a hurry). Also note that these figures are appropriate only for a long tenure (e.g. 2-3 years). If you're considering paying back in one year, your sales revenue and gross profit should be higher.


Monthly sales revenue for 12 months -- N1,500,000

Projected monthly sales revenue (the above divide by 12) -- N125,000

Projected monthly operating expense (at least 40% of the above) -- N50,000

Projected monthly gross profit (N125,000-50,000) = N75,000

Projected annual operating expense (N50,000 x 12 months) - N600,000

Projected gross profit (2021) (75,000 x 12 months) - N900,000

Projected gross profit (2022) (increase 2021's gross profit by 10-20%) - e.g. N1,080,000

Projected gross profit (2023) (increase 2022's gross profit by 20-30%) e.g. N1,296,000.


Thank you very much sir. You are a life saver cool
Re: NYIF Loan Discussion Thread by Acidosis(m): 7:58am On Feb 20, 2021
truvine:

This is so helpful, God bless your heart

Amin
Re: NYIF Loan Discussion Thread by Acidosis(m): 7:59am On Feb 20, 2021
Fucklove:
Thank you very much sir. You are a life saver cool

You're welcome sir
Re: NYIF Loan Discussion Thread by FlexyGy(m): 8:46am On Feb 20, 2021
get your tin from here, it might just show just after typing ur cac reg no.
https://tin.jtb.gov.ng/TinRequestExternal

if you can't login to the site, use Firefox instead of chrome. use fast internet aswell

2 Likes 1 Share

Re: NYIF Loan Discussion Thread by piscesgem(m): 9:19am On Feb 20, 2021
FlexyGy:
get your tin from here, it might just show just after typing ur cac reg no.
https://tin.jtb.gov.ng/TinRequestExternal

if you can't login to the site, use Firefox instead of chrome. use fast internet aswell

God bless you immediately...This was very helpful

1 Like

Re: NYIF Loan Discussion Thread by Fibonacci88: 9:35am On Feb 20, 2021
The tenor on d site is it in months or years
Re: NYIF Loan Discussion Thread by viexcey(f): 9:56am On Feb 20, 2021
Please....
For those that have applied successfully for non-resgistered business, did you submit your business plan as a document?

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