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NYIF Loan Discussion Thread - Business (54) - 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 Gofwane(m): 12:05pm On Apr 12, 2021
Beansman:
If you have not been trained and got approval please let us know.
Yes please. Let us know
Re: NYIF Loan Discussion Thread by Ayobami0411: 12:09pm On Apr 12, 2021
Beansman:
If you have not been trained and got approval please let us know.
I don't think this is possible because it will soil their time-line process reputation.
Only possible if person receives training mail(whether u attended or not don't really matter because the site n d Zoom link are wash), filled the Google evaluation form for trained then you are good to go

2 Likes

Re: NYIF Loan Discussion Thread by Beansman: 12:17pm On Apr 12, 2021
Ayobami0411:

I don't think this is possible because it will soil their time-line process reputation.
Only possible if person receives training mail(whether u attended or not don't really matter because the site n d Zoom link are wash), filled the Google evaluation form for trained then you are good to go
Noted.
Re: NYIF Loan Discussion Thread by piscesgem(m): 12:24pm On Apr 12, 2021
Emmyzdon:

It is same everywhere. All registered Businesses who applied for N3,000,000 got only N300,000 which is just 10%. We are still hoping it is a technical error.

I got 400k, registered business... This money is really small, I was hoping for atleast 2m. But I will take it anyway
Re: NYIF Loan Discussion Thread by angie88: 12:56pm On Apr 12, 2021
Fucklove:
grin grin grin grin
I go use am show my wife how much I love her cool
dis guy, u funny Sha oo

1 Like

Re: NYIF Loan Discussion Thread by Harryveli: 1:12pm On Apr 12, 2021
Fucklove:
Not unique. Same link I got was sent to my sister and we got approval of 250k each. In fact, I was the one that did everything for her right from the registration to answering the training evaluation form.

Will it be possible for you to share the google link with me so that I can try fill the form.
Re: NYIF Loan Discussion Thread by Amarahly(f): 1:25pm On Apr 12, 2021
Congratulations guys cheesy

So, those of us that has not been trained are to wait for the next batch?
Re: NYIF Loan Discussion Thread by Fucklove(m): 1:45pm On Apr 12, 2021
angie88:
dis guy, u funny Sha oo
grin grin grin

1 Like

Re: NYIF Loan Discussion Thread by Fucklove(m): 1:46pm On Apr 12, 2021
Amarahly:
Congratulations guys cheesy

So, those of us that has not been trained are to wait for the next batch?
Yes dear. You will be called soon cool
Re: NYIF Loan Discussion Thread by Fucklove(m): 1:47pm On Apr 12, 2021
Harryveli:


Will it be possible for you to share the google link with me so that I can try fill the form.
Did you receive the training link?
Re: NYIF Loan Discussion Thread by Nobody: 1:51pm On Apr 12, 2021
truvine:

Until we see a value that is higher, they must have given out #250k flat to everyone

Some people got 300k

A guy complained on Nyif fb page that he got just 450k out 3m

Someone in this thread got 200k


So it wasn't 250k flat

1 Like

Re: NYIF Loan Discussion Thread by truvine(m): 1:56pm On Apr 12, 2021
kenddys:


Some people got 300k

A guy complained on Nyif fb page that he got just 450k out 3m

Someone in this thread got 200k


So it wasn't 250k flat
I am referring to Non registered businesses.
Obviously the 300 and 400 are Registered business which isn't fair too
Re: NYIF Loan Discussion Thread by Adaanna(f): 2:03pm On Apr 12, 2021
kenddys:

Some people got 300k
A guy complained on Nyif fb page that he got just 450k out 3m
Someone in this thread got 200k

So it wasn't 250k flat
some even got 150k
Re: NYIF Loan Discussion Thread by tikkykay: 2:14pm On Apr 12, 2021
Hello All
Congrats to those who got approved.
For those of us waiting to be training ... All the best
My question is ...Did anyone notice if the moratorium and tenor that was approved was what they chose themselves when applying?
Re: NYIF Loan Discussion Thread by Harryveli: 2:29pm On Apr 12, 2021
Fucklove:
Did you receive the training link?

No I didn't receive any mail for training
Re: NYIF Loan Discussion Thread by JanezBae: 2:29pm On Apr 12, 2021
Congrats to everyone whose loan has been approved.

I completed my application two weeks ago and hvnt got any response since then.

i heard abt talking test online, at wht stage can I do this?

wht else should be done or do I just chill and wait to get d email invite for training?
Re: NYIF Loan Discussion Thread by Fucklove(m): 2:45pm On Apr 12, 2021
Harryveli:


No I didn't receive any mail for training
wait for the training link bro. No need to rush cool
Re: NYIF Loan Discussion Thread by Anonymousgister: 3:13pm On Apr 12, 2021
For the sake of fairness, I hope they won't start counting the tenor of this loan from the date of approval, as against date of actual disbursement.
Re: NYIF Loan Discussion Thread by Nobody: 3:27pm On Apr 12, 2021
Adaanna:


some even got 150k

We wey get 250k sef dey up for the ladder
Re: NYIF Loan Discussion Thread by Nobody: 3:28pm On Apr 12, 2021
JanezBae:
Congrats to everyone whose loan has been approved.

I completed my application two weeks ago and hvnt got any response since then.

i heard abt talking test online, at wht stage can I do this?

wht else should be done or do I just chill and wait to get d email invite for training?

Just wait for you training link

That is the next step

Others will follow
Re: NYIF Loan Discussion Thread by Nobody: 3:30pm On Apr 12, 2021
tikkykay:
Hello All
Congrats to those who got approved.
For those of us waiting to be training ... All the best
My question is ...Did anyone notice if the moratorium and tenor that was approved was what they chose themselves when applying?

Yes it what I applied for sha

1 Like

Re: NYIF Loan Discussion Thread by Nobody: 3:31pm On Apr 12, 2021
truvine:

I am referring to Non registered businesses.
Obviously the 300 and 400 are Registered business which isn't fair too


The 200k in my previous post is for unregistered

Maybe most got 250
Re: NYIF Loan Discussion Thread by KayCee92(m): 4:26pm On Apr 12, 2021
kenddys:


No

Wrong, some here got NYIF and got approval for the that covid also
Re: NYIF Loan Discussion Thread by peeps4u: 4:54pm On Apr 12, 2021
Hello, please did you guys have to enter your bank details again when you accepted your approval?
Re: NYIF Loan Discussion Thread by Ayobami0411: 4:58pm On Apr 12, 2021
peeps4u:
Hello, please did you guys have to enter your bank details again when you accepted your approval?
No
Re: NYIF Loan Discussion Thread by peeps4u: 5:16pm On Apr 12, 2021
Ayobami0411:

No

Thanks
Re: NYIF Loan Discussion Thread by Nobody: 6:30pm On Apr 12, 2021
KayCee92:


Wrong, some here got NYIF and got approval for the that covid also

Oga you can't get both


Approval does not mean money

2 Likes

Re: NYIF Loan Discussion Thread by bbeautylik(f): 8:23pm On Apr 12, 2021
I am scared o, the repayment terms is scary.

I borrowed 300k to pay back in a duration of four years

My calculations goes like this
1st year: 300k/48=6250 + 1% interest(3000)=9250 each month for a year

2nd year and above: 300k/48=6250+5%interest(15000)=21250 each month for the remaining 3 years...... The interest is much


I am so scared
Re: NYIF Loan Discussion Thread by Fibonacci88: 8:29pm On Apr 12, 2021
Pls anyone who got Covid19 loan and stillgot nuif loan. I did for my sis but no approval but she has been trained.
Re: NYIF Loan Discussion Thread by Harryveli: 8:29pm On Apr 12, 2021
Fucklove:
wait for the training link bro. No need to rush cool

okay thanks bro
Re: NYIF Loan Discussion Thread by peeps4u: 8:39pm On Apr 12, 2021
bbeautylik:
I am scared o, the repayment terms is scary.

I borrowed 300k to pay back in a duration of four years

My calculations goes like this
1st year: 300k/48=6250 + 1% interest(3000)=9250 each month for a year

2nd year and above: 300k/48=6250+5%interest(15000)=21250 each month for the remaining 3 years...... The interest is much


I am so scared

This can't be right.
For the second year, it should be whatever remains after first year repayment divided 36 (3 years) + 5% interest of the remaining balance after first year of repayment.

My thought
Re: NYIF Loan Discussion Thread by tikkykay: 8:46pm On Apr 12, 2021
bbeautylik:
I am scared o, the repayment terms is scary.

I borrowed 300k to pay back in a duration of four years

My calculations goes like this
1st year: 300k/48=6250 + 1% interest(3000)=9250 each month for a year

2nd year and above: 300k/48=6250+5%interest(15000)=21250 each month for the remaining 3 years...... The interest is much


I am so scared

You don't have to be scared if you haven't accepted the offer, and if the terms and interest doesn't work well for you... Pls dont
Are you sure the interest rate is correct?

Please if anyone understands the calculation...pls explain to us. And I know certainly that the longer the tenor is..the higher the interest.

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