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NYIF Loan Discussion Thread - Business (93) - 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 m6tem: 9:17pm On Apr 12, 2022
InvestmentMood:
Unable to send the email successfully, the scanned offer letter is bouncing back. As their inbox is full.
Below is what I received. Who else is experiencing same.

I got the same error too while trying to submit
Re: NYIF Loan Discussion Thread by Emacodon: 10:33pm On Apr 12, 2022
InvestmentMood:
Thanks man. God bless you abundantly!
pls help me send the doc to emmanuelade2001@gmail.com
Re: NYIF Loan Discussion Thread by Jusmaloop: 10:56pm On Apr 12, 2022
Twelve30:


Check the image I uploaded. I calculated it using 3 years (i.e. 36 months) which is the tenor in my own case. So my monthly repayments should be around NGN7492.72. Do the maths

Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.
Re: NYIF Loan Discussion Thread by Obere4u: 11:29pm On Apr 12, 2022
akolat:

Repayment is after a year. The number of years depends on you.
OK. Thanks a lot
Re: NYIF Loan Discussion Thread by Harrykaey: 12:33am On Apr 13, 2022
My offer letter doesnt have an approved amount. I'm in the category of SME. How do I know my approved amount pls
Re: NYIF Loan Discussion Thread by seanaddy(m): 12:47am On Apr 13, 2022
felaliveson:


No vex jare grin, you don’t need Nirsal microfinance bank in this case (NYIF) but rather NPF microfinance bank is in charge of the loan beneficiaries data collection, disbursement and repayment…


……

Thanks Boss. I have only opened account with NPFMFb but have not applied for anything yet. Will look into it now.
Re: NYIF Loan Discussion Thread by opeyemhy02(m): 6:40am On Apr 13, 2022
Harrykaey:
My offer letter doesnt have an approved amount. I'm in the category of SME. How do I know my approved amount pls

Check your email spam messages
Re: NYIF Loan Discussion Thread by opeyemhy02(m): 6:47am On Apr 13, 2022
Jusmaloop:


Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.

You are right 15% interest for 250,000=37,500 total amount to payback =287,500
Amount to be paid monthly =7986.11
Re: NYIF Loan Discussion Thread by felaliveson: 7:37am On Apr 13, 2022
seanaddy:


Thanks Boss. I have only opened account with NPFMFb but have not applied for anything yet. Will look into it now.

Lol, do you mean you opened NPFMFb account without being a successful beneficiary or getting any approval email ?


Re: NYIF Loan Discussion Thread by Capable11(m): 7:53am On Apr 13, 2022
Good morning pals, can someone be kind to share the offer letter with me.
My email address is sholarock@gmail.com.
Cheers.
Re: NYIF Loan Discussion Thread by luckyjacob: 8:00am On Apr 13, 2022
Please help any alternative in sending the mail its bouncing back
Re: NYIF Loan Discussion Thread by Twelve30(m): 8:20am On Apr 13, 2022
Alert don dey drop
Re: NYIF Loan Discussion Thread by Jina24(f): 8:27am On Apr 13, 2022
Can someone please help send the offer letter to me please. jobriellacakesntreats@gmail.com
Re: NYIF Loan Discussion Thread by Emmyreal4(m): 8:34am On Apr 13, 2022
Twelve30:
Alert don dey drop
for where
Re: NYIF Loan Discussion Thread by Twelve30(m): 8:46am On Apr 13, 2022
Jusmaloop:


Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.

Yeh!!! Egbami shocked
Oya now no wahala, we mueve. I hope say they'll use their brain to understand say na mistake I do.

Thank you bruv
Re: NYIF Loan Discussion Thread by Emmyreal4(m): 8:47am On Apr 13, 2022
Twelve30:


Yeh!!! Egbami shocked
Oya now no wahala, we mueve. I hope say they'll use their brain to understand say na mistake I do.

Thank you bruv
where u see alert?
Re: NYIF Loan Discussion Thread by Capable11(m): 8:57am On Apr 13, 2022
goldendessy:

Sent
Kindly share the offer letter with plz
sholarock@gmail.com
Re: NYIF Loan Discussion Thread by opeyemhy02(m): 9:05am On Apr 13, 2022
Capable11:

Kindly share the offer letter with plz
sholarock@gmail.com

Sent
Re: NYIF Loan Discussion Thread by Capable11(m): 9:10am On Apr 13, 2022
opeyemhy02:


Sent
Thanks bro, but what you sent is not the letter, its the link which is not opening.
Re: NYIF Loan Discussion Thread by Twelve30(m): 9:16am On Apr 13, 2022
Capable11:

Thanks bro, but what you sent is not the letter, its the link which is not opening.

I've sent it
Re: NYIF Loan Discussion Thread by Twelve30(m): 9:18am On Apr 13, 2022
Emmyreal4:
where u see alert?

See am, this morning

Re: NYIF Loan Discussion Thread by Capable11(m): 9:25am On Apr 13, 2022
Twelve30:


I've sent it
Well received, thanks so much
Re: NYIF Loan Discussion Thread by azelab: 9:27am On Apr 13, 2022
Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

akinlabiazeez@gmail.com

Thanks
Re: NYIF Loan Discussion Thread by azelab: 9:38am On Apr 13, 2022
Capable11:

Well received, thanks so much

Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

akinlabiazeez@gmail.com

Thanks
Re: NYIF Loan Discussion Thread by azelab: 9:39am On Apr 13, 2022
Twelve30:


See am, this morning

Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

akinlabiazeez@gmail.com

Thanks
Re: NYIF Loan Discussion Thread by azelab: 9:40am On Apr 13, 2022
Twelve30:


See am, this morning
Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

akinlabiazeez@gmail.com

Thanks
Re: NYIF Loan Discussion Thread by Emmyreal4(m): 9:40am On Apr 13, 2022
azelab:


Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

akinlabiazeez@gmail.com

Thanks
sent
Re: NYIF Loan Discussion Thread by Jina24(f): 9:43am On Apr 13, 2022
Emmyreal4:
sent

Please am you send to me jobriellacakesntreats@gmail.com
Re: NYIF Loan Discussion Thread by Emmyreal4(m): 9:47am On Apr 13, 2022
Jina24:


Please am you send to me jobriellacakesntreats@gmail.com
sent
Re: NYIF Loan Discussion Thread by Jina24(f): 9:54am On Apr 13, 2022
Emmyreal4:
sent
Thanks
Re: NYIF Loan Discussion Thread by akolat(m): 10:54am On Apr 13, 2022
Jusmaloop:


Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.
Regards to the offer letter...What is the amount to be stated as the repayment amount? Is it the amount to be repaid monthly or the total sum to be repaid back within the loan tenor
Re: NYIF Loan Discussion Thread by akolat(m): 11:08am On Apr 13, 2022
Twelve30:


See am, this morning
Was it after you completed your offer letter yesterday?

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