COVID-19 Targeted Credit Facility: Approval and Disbursement Continues! …See How To Check Your Status!

Did you apply for COVID-19 Targeted Credit Facility? Was your application successful?
Are you yet to check if your loan has been approved? If yes, this post is for you!

The Nirsal Microfinance Bank has continued dishing out hundreds of thousand of Naira to applicants of the COVID-19 Targeted Credit Facility Loan Scheme whose loans have earlier been approved by the bank.

Approval of the COVID-19 Intervention Loan for Households and SMEs has continued as the bank closes application for the 2021 Batch of the Scheme which commenced in March, 2020 amidst the COVID-19 Pandemic.

The applicants of the Scheme are advised to continue checking their approval status, at least every two days, as the loan when approved and remains unaccepted up to one week, would be treated as “Rejected” or “Declined” to enable thousands of the applicants benefit from the programme.

How to check COVID-19 TCP application status for both old and new applicants

1. Open

2. When it loads, select the type of Loan you applied for. Either SME or Household.

3. Enter your BVN. Do not worry, the website is the official website of Nirsal Microfinance Bank for the COVID-19 TCF just as is for Nigeria Youth Investment Fund and is AGSMEIS Loan Scheme.

4. A response will be displayed when you enter your BVN.

(A) If it says your loan has been approved, it will load your details asking you to accept your loan offer. Proceed to complete the process and enter bank name and your account number. Avoid mistakes here.
(B) If it says ‘Your loan has not been approved, check back later, kindly check back later as instructed.

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(C) If it however displays “BVN does not exist”, do not panic. Just keep checking from time to time as approval is on going and a continuous exercise.


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