COVID19 Loan Support: FG Disburses Funds to Beneficiaries – See more

The Federal Government through the Central Bank of Nigeria (CBN) and the NIRSAL Microfinance Bank (NMFB) has commenced the disbursement of Funds to successful Beneficiaries that applied for COVID-19 Loan Support for Households and SMEs check your Application Status here.

Are you among those that applied for Targeted Credit Facility (TCF) COVID-19 Beneficiary Information Management System (BIMS)? If yes, then you should check your application Status, if your loan has been approved by NIRSAL MFB.

Federal Government of Nigeria has commenced disbursement of Covid-19 Loan for successful applicants/beneficiaries across the 36 states of Federation. Loans are giving to applicants who meet up with the application requirements for COVID-19 Targeted Credit Facility (TCF) Loan Support Fund.

In this article, we will give you guidelines and procedures on how to check your COVID19 Loan Support Fund Application status and website to check if your COVID-19 Targeted Credit Facility (TCF) Loan/Palliatives Support Fund has been approved.

NMFB COVID-19 Loan Application

This application started few months back, were many Nigerian have applied, and now many have started receiving text messages for them to visit the link and insert their BVN in the space provided.

However, applicants that receive this text messages, do as instructed and have received their funds, being paid directly into their bank accounts. This funds are between Two Hundred Thousand (N200,000) to One Million Naira (N1,000,000).

As a publisher, I registered my friend who has a Chemist shop on Households category, on 21st of July 2020 together with mine, we received N264,000 each.

This is how the text message looks like.

Dear Applicant,

Your COVID-19 Loan application is approved.

Click on the link to accept the offer and receive the fund into your account.

For further enquiries please call 09010026900

When you receive this text, you need to tap on the above link in the text message sent to you phone, select Household and enter your BVN, Immediately you entered your BVN, all your details will be displayed continue to the next stage, enter your Bank account details and finish the process.


For those that insert their BVN and it displays “BVN details does not exist”. Please check back later.

How to Check Application Status

Check your COVID19 Loan Here

Repayment for COVID19 Loan Support Fund

The 5 percent will be deducted before payment, after payment all you need to repay is amount paid after 36 months. Your BVN will be linked to all your accounts, when you failed to repay, it will be deducted monthly from your account.

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Author: Noblinks

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