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NMFB CBN COVID-19 Loan Frequently Asked Questions And Answers

On today’s latest NMFB CBN Covid-19 Loan information, we will share with you an answers to some of your questions you have been asking about the NMFB CBN COVID-19 loan application, check the following details:

Also Read >>> Frequent Asked Questions and Answers About the NMFB AGSMEIS Loans Scheme

About Covid-19 Targeted Credit Facilities TCF Loan;

The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.

These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.

In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

Covid-19 Targeted Credit Facilities Loan Application Portal:

NMFB CBN COVID-19 Loan Frequently Asked Questions And Answers
Question 1. I have complete the registration but I never knew if I have been accepted or not, what notification will I see if the register has been completed?
Answer: You would be told to accept an offer if you have been approved.
Quedtion 2. My loan was approved on Thursday, how long before I get paid?
Answer: Please be patient. While you wait, please read Why Some Covid-19 TCF Applicants Have Not Received Their Loan and ensure to do the required things.
Question 3. Pls I can’t transact on the account send to me, what can I do?
Answer: If the account is a loan account, it means you can’t make a normal day-to-day transaction. Please visit your nearest branch for more details
Question 4. How long does it take to get an email notification, please?
Answer: Please you would have to be patient. Once you have done what you can, the next step would be communicated
Question 5. Please, what’s the local government certificate?
Answer: It’s a certificate from your local government. Please visit your state Liaison offices. In addition, google it, please.
Question 6. When should we be expecting covid-19 Loan Approval Since Last Year June?
Answer: Please try to re-apply
Question 7. I have not been able to verify my mail for the past 3weeks, I kept getting verification failed after receiving several verification messages from you guys?
Answer: Please be patient. You would be informed of the next stage.
Question 8. I have applied for the loan for the past 2 weeks now but I have not received any notification as regards successful application. And how can I input my account details?
Answer: Please be patient
Question 9. I applied for the households Program and received the fund, can I reapply for the SME?
Answer: No you can’t reapply until you have paid up the loan and you have been cleared
Question 10. What is the Covid-19 TCF Reference Number for?
Answer: Your reference number is only USEFUL during the registration process. However, it is required if you are returning to the portal to finish the application. There is no need for it if you have completed your application.
For further enquiry, call NMFB Covid19 loan support on 09010026900.



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