Reasons Applicants Have Not Receive Their Loan From Nirsal

reasons applicants

Nirsal have stated the reasons applicants have not receiev their loan after months of application on the Nirsal portal.

You will recall that Nirsal open application portal for Targeted Credit Facilities (TCF) for household and small scale Enterprise (SME). Reasons applicants – This came after the first application for COVID-19 had finished in 2020.

Reasons applicants – The new application which was for targeted credit facilities and small scale enterprise saw surge in application from Nigerians. Inspite of the huge application, only a few had received their loan from Nirsal.

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However, Nirsal had revealed the reason reasopns applicants have not receive their loan after many months of application. Reasons applicants – This is necessary for applicant to know what to do in order to receive loan.

reasons applicants

reasons applicants – Nirsal made this known on their verified instagram page yesterday as they notify applicants concern. Their notification reads;


Dear Applicants.

If yiou have applied for NMFB (COVID-19) loan, you may not have received your loan because you are tier 1 account holder.

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Kindly visit your bank to upgradeyour account from tier 1 to tier 3.

Ensure that the name on your application matches with the name on your account to avoid a mismatch during payment.

Please desist from posting your account bdetrails on the comment section of ouir page social media page.