How To Check Nirsal Loan Status – 6 Easy Step

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Sirmike Thursday, 19 September 2024, 10:46 pm

NIRSAL (Nigerian Incentive-Based Risk Sharing System for Agricultural Lending) is a government agency that provides credit risk guarantee and loan facilitation services to agricultural businesses in Nigeria. NIRSAL offers a variety of loans, including:

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Agricultural Small and Medium Enterprise Scheme (AGSMEIS): This loan is designed for small and medium-sized agricultural businesses. The loan amount is up to N3 million, with an interest rate of 9% per annum.
On-Balance Sheet Lending (OBSL): This loan is available to individuals and businesses for a variety of purposes, including working capital, equipment financing, and asset purchases. The loan amount is up to N10 million, with an interest rate of 12% per annum.
Salary Advance Loan (Salad): This loan is available to employees of participating companies who have verifiable monthly income. The loan amount is up to 33.3% of the borrower’s net monthly salary, with an interest rate of 15% per annum.
Petty Cash Now-Now Loan: This loan is available to petty traders, kiosk owners, and artisans for working capital needs. The loan amount is up to N500,000, with an interest rate of 20% per annum.

To qualify for a NIRSAL loan, you must meet the following criteria:

You must be a Nigerian citizen or a legal resident of Nigeria.
You must have a verifiable source of income.
You must have a business plan.
You must be able to provide collateral.

If you are interested in applying for a NIRSAL loan, you can visit the NIRSAL website or contact your nearest NIRSAL office.

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Here are some of the benefits of taking a NIRSAL loan:

You can get access to the funds you need to grow your agricultural business.
You can get a loan with a relatively low interest rate.
You can get a loan with a long repayment period.
You can get loan guarantee from NIRSAL, which can make it easier to get a loan from a commercial bank.

However, there are also some risks associated with taking a NIRSAL loan:

You may have to provide collateral.
You may have to pay a processing fee.
You may have to repay the loan over a long period of time.

If you are considering taking a NIRSAL loan, you should carefully weigh the benefits and risks before making a decision.

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How To Check Nirsal Loan Status

There are two ways to check your NIRSAL loan status:

1. Through the NIRSAL Microfinance Bank website

Go to the NIRSAL Microfinance Bank website: https://nmfb.com.ng/.
Click on the “Loan Repayment Schedule Validation” tab.
Enter your BVN or account number.
Click on the “Validate” button.

2. Through the NIRSAL Microfinance Bank mobile app

Download the NIRSAL Microfinance Bank mobile app from the Google Play Store or the Apple App Store.
Open the app and sign in with your account details.
Tap on the “Loans” tab.
Select the loan you want to check the status of.
The loan status will be displayed on the screen.

Here are the steps on how to check your NIRSAL loan status through the NIRSAL Microfinance Bank website:

Go to the NIRSAL Microfinance Bank website.
Click on the “Loan Repayment Schedule Validation” tab.
Enter your BVN or account number.
Click on the “Validate” button.

The loan status will be displayed on the screen. The status of your loan can be one of the following:

Pending: Your loan application is still being processed.
Approved: Your loan application has been approved.
Disbursed: Your loan has been disbursed.
Repaying: You are currently repaying your loan.
Fully Paid: You have fully repaid your loan.

If you have any questions about your NIRSAL loan status, you can contact the NIRSAL Microfinance Bank customer care department.

How do I check my Nirsal balance?

There are 3 ways to check your Nirsal balance:

Through the Nirsal Mobile App:
- Download the Nirsal Mobile App from the Google Play Store or Apple App Store.
- Open the app and sign in with your account number and password.
- Tap on the “Balance Enquiry” option.
- Your balance will be displayed on the screen.
Through the Nirsal Internet Banking:
- Go to the Nirsal Internet Banking website.
- Sign in with your account number and password.
- Click on the “Balance Enquiry” option.
- Your balance will be displayed on the screen.
By calling the Nirsal Customer Care Line:
- Dial the Nirsal Customer Care Line number: 0700 225 7777.
- Select the option to check your balance.
- Provide your account number and other required information.
- Your balance will be provided to you.

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Here are some additional things to keep in mind when checking your Nirsal balance:

You will need your account number and password to access your balance through the Nirsal Mobile App or Internet Banking.
If you are calling the Nirsal Customer Care Line, you will need to provide your account number and other required information.
The Nirsal Customer Care Line is available 24 hours a day, 7 days a week.

Does NIRSAL have an app?

Yes, NIRSAL has an app called NIRSAL MFB. It is available for download on Google Play and the App Store. The app allows users to access a variety of banking services, including:

Account balance checking
Transfers
Airtime purchase
Bill payment
Account opening
Loan application
And more

The app has been rated 3.4 out of 5 stars on Google Play, with over 1,100 reviews. Some users have commented that the app is slow and that the features are not very user-friendly. However, other users have said that the app is a convenient way to access their NIRSAL account and that the customer service is good.

If you are a NIRSAL customer, you can download the NIRSAL MFB app to your smartphone or tablet to access these services.

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How do I access my NMFB account?

There are two ways to access your NMFB account:

Through the NMFB Internet Banking platform:
1. Go to the NMFB Internet Banking website: https://ibank.nmfb.com.ng/
2. Enter your email address or phone number and password.
3. Click on “Login”.
Through the NMFB Mobile Banking app:
1. Download the NMFB Mobile Banking app from the Google Play Store or the Apple App Store.
2. Open the app and enter your email address or phone number and password.
3. Click on “Login”.

If you have forgotten your password, you can reset it by following the instructions on the NMFB website or in the NMFB Mobile Banking app.

Here are some additional tips for accessing your NMFB account:

Make sure that you are using the official NMFB website or app. There are many fake websites and apps that claim to be from NMFB, but they are not.
Keep your password safe and secure. Do not share it with anyone.
If you are using a public computer, be sure to log out of your account when you are finished.