Nirsal Loan Payment – Nirsal has written a special information to all applicants of loan of the Microfinance bank.
You will recall that many have applied for Nirsal loan and are expecting approval and disbursement. The special notice is aimed get everything applicants in the latest development within the nirsal bank.
The notice is written this;
This is to inform you all that credit Facilities under Non-interest banking windows of the targeted credit facilities (TCF) are for the purchase of equipment or goods only.
There’s no cash component to the facilities. All equipment or goods will be purchased for successful applicants by Vendors Appointed by NMFB and delivered to the beneficiaries within 48 hours after payment to the Vendor.
Customers are not expected to pay any Vendor before or after delivery of equipment or goods and vendors are not allowed to provide cash to applicants.