This is a guide on how to Check Your COVID-19 TCF Loan Approval Status. Please follow the steps below carefully.
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- Open https://covid19.nmfb.com.ng
- When it loads, select the type of loan you applied for. Either SME or Household or use https://covid19.nmfb.com.ng/HomeLoans (for Household), https://covid19.nmfb.com.ng/SmeLoan (SME).
- Enter your BVN.
- A response will be displayed when you enter your BVN.
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(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 your bank name and your account number. Ensure to avoid mistakes here.
(B) If it says ‘Your loan has not been approved, check back later”, kindly check back later as they said.
(C) If it however displays “BVN does not exist”, do not panic. Just keep checking back from time to time as approval is ongoing and hope is high.
The COVID-19 Targeted Credit Facility Loan Scheme which was initiated by the Federal Government to cushion the effect of the COVID-19 Pandemic on Micro, Small and Medium Enterprises (MSMEs) in Nigeria received thousands of applications in 2020 and 2021 whereby over 548,345 beneficiaries have received loan amounts ranging from N250,000 to N3Million in either of its Household or SME categories.