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CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday - Business (12) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday (663782 Views)

SCAM ALERT: Theobarth grant disbursement / CBN’s N50bn COVID-19 Fund Disbursement June Applicants / How To Apply For NIRSAL Microfinance Bank CBN N50bn COVID-19 Loan. (2) (3) (4)

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Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by firo08(m): 7:58pm On Jun 11, 2020
Viking007:
You can still go back and click yes so you can input your account number. All you need do is to simply go to your browser history and click on the link that has the offer letter. It starts with "guarantorform2....status...loan offer" .
Bro am facing same problem.
I click on No and am trying to go back to input my account details it's not working
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by uyogabie(f): 7:59pm On Jun 11, 2020
chuksvoice:

Which state are you based?
I'm in Lokoja, Kogi.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by chuksvoice: 8:01pm On Jun 11, 2020
haywire1:


When do you accept the approval letter and when do you receive the alert?


.
I accepted the letter 10/06/2020 around 7pm got alert 11/06/2020 around 6pm
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Mayamba: 8:04pm On Jun 11, 2020
haywire1:
Where are those using GTBank? Have you receive?


.
I use GTBANK. 425k was given.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Viking007(m): 8:04pm On Jun 11, 2020
firo08:

Bro am facing same problem.
I click on No and am trying to go back to input my account details it's not working
I already explained this earlier on. Scroll up.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by chuksvoice: 8:10pm On Jun 11, 2020
uyogabie:
I'm in Lokoja, Kogi.
Call this phone number 09070095760 or visit Nirsal MFB Lokoja, Nipost Office, Hassan Katsina Road, Lokoja or visit the head office at Abuja House 1, Plot 103 /104, Monrovia Street,
Wuse 2 , Abuja
info@nmfb.com.ng
0704 180 0003
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by buklarbest: 8:15pm On Jun 11, 2020
Someone should please enlighten me on this... what are the requirements for accessing this loan.... is it only government workers or private Individuals can also apply even if they own a business that's not registered


cc viking007 and others
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by benjaminojo2022(m): 8:23pm On Jun 11, 2020
[quote author=arena07 post=90559262]I just received mine 425k but the terms and condition get as e be 12months tenor interest + principal hmmmmm[/quote

How do I pay back the loan?

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by haywire1: 8:33pm On Jun 11, 2020
Mayamba:

I use GTBANK. 425k was given.

When do you accept the approval letter and when do you receive the alert?


.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by uyogabie(f): 8:35pm On Jun 11, 2020
chuksvoice:

Call this phone number 09070095760 or visit Nirsal MFB Lokoja, Nipost Office, Hassan Katsina Road, Lokoja or visit the head office at Abuja House 1, Plot 103 /104, Monrovia Street,
Wuse 2 , Abuja
info@nmfb.com.ng
0704 180 0003
Okay,thanks.Will check on Monday cos tomorrow is public holiday.Many thanks!
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by martinagoha: 8:50pm On Jun 11, 2020
Please, has any UBA account holder received alert?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by buklarbest: 8:55pm On Jun 11, 2020
uyogabie:
Okay,thanks.Will check on Monday cos tomorrow is public holiday.Many thanks!

what are the requirements for accessing this loan.... is it only government workers or private Individuals can also apply even if they own a business that's not registered
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Feranmhine: 8:58pm On Jun 11, 2020
Anytime I want to validate my BVN,
THE BVN DETAILS DOES NOT EXIST
I have been trying since midnight up till now &i have tried more than one BVN as well, the same reply
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by haywire1: 9:01pm On Jun 11, 2020
martinagoha:
Please, has any UBA account holder received alert?

When do you accept the approval letter and when do you receive the alert?


.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by MrALIVE: 9:03pm On Jun 11, 2020
Mine entered around 6:41pm.....425k was approved....fidelity bank.

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by stagger: 9:09pm On Jun 11, 2020
moneymind:


1. It looks that this is the standard offer for household loans. Max 1 year tenor.
[b]2. The total loan plus 5% interest will be divided by 12, you are expected to pay each month starting from the 3 months moratorium. In your case, you'll probably be paying 40k monthly starting in 3 months.
[/b]3. Lastly, Nirsal Microfinance bank charged 4% to process the loan.

Meanwhile, please could you let me know the day your accepted, because mine is approaching 48 hours now, accepted 2 days ago.

When the moratorium expires, you pay the bulk sum of the moratorium period, and then monthly sum thereafter. I may be wrong and stand to be corrected.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by firo08(m): 9:10pm On Jun 11, 2020
Viking007:
I already explained this earlier on. Scroll up.
I have tried it and it keep taking me back.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by uyogabie(f): 9:20pm On Jun 11, 2020
buklarbest:


what are the requirements for accessing this loan.... is it only government workers or private Individuals can also apply even if they own a business that's not registered
Anyone can apply,just go to their website and apply then submit the requirements.I don't know if you can still apply though.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Mayamba: 9:22pm On Jun 11, 2020
Feranmhine:
Anytime I want to validate my BVN,
THE BVN DETAILS DOES NOT EXIST
I have been trying since midnight up till now &i have tried more than one BVN as well, the same reply
If you have a text message that your loan has been approved, you don't need to worry. Meaning you will get the money because that text shows that CBN has sent your money to NMFB. Everything else is secondary. At first the message I got was the same as yours. Then I waited for a day. Within 48hrs I accepted and got the money (though I really was thinking it was a scam). But you may have to click household and SME, anyone will work if their system has your details ready.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by arena07: 9:22pm On Jun 11, 2020
[quote author=benjaminojo2022 post=90565367][/quote]I am confused about pay back procedures please someone should clarify the mode of repayment
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by freemi(m): 9:25pm On Jun 11, 2020
firo08:

Bro am facing same problem.
I click on No and am trying to go back to input my account details it's not working
why wud any1 even click NO. Nawa
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by haywire1: 9:33pm On Jun 11, 2020
arena07:
I am confused about pay back procedures please someone should clarify the mode of repayment

5% x amount given = Interest rate amount

(Interest rate amount + Amount given) divide by 12 = Amount you will pay per month

Let assume you are given 450k

5% x 450,000 = N22,500

N22,500 + 450,000 = N472,500

N472,500/12 = N39,375 monthly payment


.

7 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by ottalo: 9:35pm On Jun 11, 2020
I just submitted an application hope to be selected
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Feranmhine: 9:35pm On Jun 11, 2020
Mayamba:

If you have a text message that your loan has been approved, you don't need to worry. Meaning you will get the money because that text shows that CBN has sent your money to NMFB. Everything else is secondary. At first the message I got was the same as yours. Then I waited for a day. Within 48hrs I accepted and got the money (though I really was thinking it was a scam). But you may have to click household and SME, anyone will work if their system has your details ready.
Thanks
Gonna keep checking

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by arena07: 9:40pm On Jun 11, 2020
haywire1:


5% x amount given = Interest rate amount

(Interest rate amount + Amount given) divide by 12 = Amount you will pay per month

Let assume you are given 450k

5% x 450,000 = N22,500

N22,500 + 450,000 = N472,500

N472,500/12 = N39,375 monthly payment


.
Thank you but I think 25k has been deducted already which nirsal indicate that 4% of interest will be deducted on disbursement and 1% to be charged till February 2021
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by freemi(m): 10:00pm On Jun 11, 2020
CHUPEZ123:
pls I have a question how do you pple intend in repaying back this loan?
Cause I know Some will default....
well. .r u thnkin wat i am thnkin? It came at d right pple. Bet9ja
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Eray(f): 10:18pm On Jun 11, 2020
Please ,I was credited the sum of 425,000 twice today, one in the afternoon and another alert this evening, how do I rectify this . I dont need this much
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by haywire1: 10:19pm On Jun 11, 2020
Eray:
Please ,I was credited the sum of 425,000 twice today, one in the afternoon and another alert this evening, how do I rectify this . I dont need this much

Which bank?

.

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by hardeyeanc(m): 10:20pm On Jun 11, 2020
May 7th
Honeypels:


Please when did you apply
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by hardeyeanc(m): 10:21pm On Jun 11, 2020
That can t be true .....what's now the essence of the moratorium period given
stagger:


When the moratorium expires, you pay the bulk sum of the moratorium period, and then monthly sum thereafter. I may be wrong and stand to be corrected.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by stagger: 10:26pm On Jun 11, 2020
hardeyeanc:
That can t be true .....what's now the essence of the moratorium period given

It allows you time to get your acts together. But I may be wrong.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Eray(f): 10:27pm On Jun 11, 2020
haywire1:


Which bank?

.
ecobank

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