CBN/NIRSAL MFB Loan Application Portal Reopens, How to Apply

The Central Bank of Nigeria (CBN) reopens the NIRSAL COVID-19 loan application portal for MSMEs and individual households. CBN had introduced a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic. Interested and eligible candidates are invited to register for the loan.


The outcome of COVID-19 pandemic 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.

Also Check: FG Survival Fund Program 2021 for Nigerians

CBN/NIRSAL COVID-19 Loan Application | Who Is Eligible?

  • Households: Households with verifiable evidence of livelihood adversely impacted by COVID-19
  • Microenterprises: Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic
  • SMEs: Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic.

Application Procedures

The CBN/NIRSAL COVID-19 Loan Application can be done in these three steps;

STEP 1: Submit an Application

  • You can use your phone, tablet or laptop for the application.
  • Visit NIRSAL COVID-19 loan portal via https://nmfb.com.ng/covid-19-support/ and submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic.

STEP 2: Approval

  • NIRSAL MFB reviews your application and forward the application to the CBN for final approval.

STEP 3: Disbursement

  • CBN reviews applications and gives final approval for disbursement to NMFB

Further Notes:

  • Interest Rates: Interest rate under the intervention is 5% p.a. before 1st March 2021 and 9% p.a. after (all inclusive)
  • Load Duration: Working capital will be for a maximum period of one year, with no option for rollover.
  • Loan Amount: Households can access up to N3 million while SMEs can access a maximum of N25 million subject to a number of factors.

Application Deadline: Not Specified

Visit the Official NIRSAL Application Portal for Further Details

Also Apply: Nigeria National Social Housing Programme | Visit nshp.gov.ng to Apply

172 Thoughts

  1. Sir my loan is approved since 17/3/2012 and yet not credit alert

  2. Please for House hold loan … what sort of documents are required for evidence of Covid 19?

  3. Good morning sir, my brother used his bvn and gave my account details, will it be approved?

  4. I have successfully applied for the NIRSAL COVID-19 LOAN, the message was your application was successfully validated and created. what else should I do to get the loan? because I am yet to get a message requesting for my account number.

  5. Good evening sir I am interested

  6. Achian Daniel Tertese

    I can’t validate my loan application using the link sent to my e-mail, it is showing me BVN does not exist. I need your help

  7. Can the fund be pay to any bank in Nigeria?

  8. Someone used my bvn and applied, i need to know if i can apply myself. No approval

  9. Have gotten an approved message since March 16 2021. And I was told to send my account number which i did, but nothing yet..

  10. Abdulrosheed Ibn Salam

    To register successful you have to click on either click on Commercial Loan or Covid -19 TCF. A pop reference code will appear on your screen and you have to copy and paste it where you would like to save on your PC or better still you can save it on your mobile phone. Then, you continue the application until you reach the last stage then click on submit. If its complaining about your BVN that it’s incorrect that means you have to check your full name very well especially your surname because it won’t recognise a name with a space like “Ibn Salam” should be written this way ” Ibnsalam”. If the page is showing error or couldn’t complete your application you need to check your internet connection or use google chrome. Important Notice- Please make sure that you selected the one that you know that you will be granted the loan otherwise they will just review your application and disqualify you.

  11. Hello Admin, I have already apply CBN COVID – 19 Loan successfully and save the application reference number without any problem during registration. many applicants forgot to save their application reference number, so when the approval and disbursement will be? and what is the important of application reference to those who are successful approval for disbursement?

    • Congrats on your successful application, of course ‘reference number’ should be for reference as the name sounds

  12. How long does it takes to receive message through the gmail if the application is successful?

  13. I’m waiting to applied covid 19load sir

  14. Is it compulsory for a business to have TIN before one can apply for the SME loan?

  15. What is your interest rate?

    • You should find that information on the article above. Meanwhile I guess the question should be better directed to NIRSAL MFB offering the loan

  16. Pls I have tried applying but the goes blank on get to page 5. Pls what can I do

  17. I have been trying consistently to apply, it says BVN could not be verified

  18. I applied for sms but whenever I checked my status I will be required to make a certificate. When I proceed with either install or cancel returns to first page. Please, help me

  19. Hello Admin, this is very good effort by feferal government of Nigeria through central bank to given out COVID – 19 loan to Nigerians! we are all happy and appreciate about that, but let me know how many nigeians will be benefited with this loan in numbers figure according to your statistics? and therefore do you have any plan now or in the future to organise a similar COVID – 19 loan to we Nigerians?

  20. Admin, I did my bvn but I have lost the phone number, every other information is correct. Can I apply for the loan?

  21. Hello Admin, I am very apprecition! I have already submitted my own application, please for your possible assistance when the approval and disbursement will be take place? so let me to know from you?

  22. Please how long does it take to receive the fund in ones bank account.I have accepted the offer since almost 2weeks now

  23. I was not shortlisted pls help me to I need that laon

  24. Sulaiman ali abu

    What about those that have benefits last time are they going to. Apply for a loan again?

  25. Pastor Okpube Ikechukwu

    I am a benefiary of this loan. It has helped in alliviating my financial challenges. To God be the glory!

  26. Okenna Nwakoluche

    I wili be glad to be a recipient of the loan

  27. I have tried it for many times since 12th of this month but it keeps showing invalid bvn or bvn does not exist, please help me out

  28. Ofonime Victor john

    Really interested

    • Please I have successfully submitted my form more than three weeks now and I have not received any reply or message. Should I have reasons to worry or be patient

  29. admin pls kindly help me out my bvn is not rekcongnize

  30. I have gotten the message already but I did know how to make an approval pls help me out

  31. When done wat next to do
    Ar dey going to sent the message through SMS or my email

  32. Kayode Emmanuel Olatunji

    Admin, please, I have been trying on the second page on the portal since, but it is not moving to the next page. What can I do to this?

  33. Sheiknasir mohammed

    I applied for the loan and still waiting for disbursement

  34. How are my going to register now, so that I can get my loan to build up my business.

  35. I am having challenges at step 5 of 6 . The only thing there show me is that, proposed tenor is not less than a month and when i click on the next button, it does not work. I do not know what to do again.

  36. It’s not going through
    It keeps taking me back to a blank page and saying invalid bvn

  37. Please sir, I’m still at the first stage of the registration and I keep seeing “Invalid BVN Details” each time i input my BVN number. I even try another BVN but still shows the same thing, what do I do because i made sure i carefully input my BVN?

  38. Good sir/ma,

    Please I need support to process mine”. Since I find it difficult with the network troubles… Please I really need this support. Thanks….many times

  39. Can I apply for household and SMES. Because I’m a household and also want to go into business. Is it possible?

    • I can’t say, but I’ll will advise that you apply for one first

    • Adebayo Victoria

      I just found out that my registration was approved but it stated I have read and rejected the terms and Conditions. It’s showing the offer letter was sent on the 17th of February 2021. Is there anything I can do to recover it?

  40. I applied my own since two months ago
    They told me like dis

    TCF loan application was successfully validate and created.

    Is dat means done my registration??

  41. Pls I need assistance , my email address was wrong n I got an sms fro NIRSAL that a link has been sent to my mail

  42. Please Admin, I have a little problem and that is, I did not copy down or save the reference number sent to me. Please how can I get it back cos I was told they will still ask me of the number to approve the loan. Can I call the customer care for help or wot can I do?

    Thank you admin

    • I guess that should have been sent to your email. If still can’t find it, then of course you should contact the program support

      • Admin an approval message was sent to me on the 17th March I have accepted the offer of 750,000 but till now I haven’t seen any alert … What could be the probl

      • Francis, I can’t say I know how quickly the money is usually disbursed. I guess you should just wait patiently for it


        Pls how do l contact program support to recover my reference number?

  43. Onyisi Benita Ifeany

    Admin sir/ma,
    I have summited mine but I’ve not gotten any feedback. I need the loan to get more sewing machine and to expand my business

  44. Please can someone applied for both sme and household?

  45. admin help…i cant procced after revenue information, it keeps going blank.
    what could be the problem

  46. Page is yet to open since Thursday pls help

    • Onanuga, you may be having poor network. All pages are opening fine from here

      • Muhammed Abdulrahman

        Hello Admin,

        Kindly help ot at this stage, for 3 days now I have been trying to complete my application but at stage 5 (Loan Information) will not open, it keeps showing a blank page and remain like that, at times the page will flash for a second of 2 and turn blank again. what could problem be? can you help with correcting this error?

        Thank you

      • Hello Muhammed, keep trying as it may be as a result of system or network error.

    • I applied since last yr April till now no approved and I also did survive fund till now no money why .pls God open my case in CBN today I need this money in Jesus name Amen

      • Michelle, funny you, let’s hope God answers your prayer. Just exercise some patience if you filled in your application correctly

  47. I already apply my iam waiting for your approval sir

  48. There is itch getting to page 2 of 6 on the application. Could it be network or portal issues? I really need this loan to start my business back.

  49. Alexander Chijioke opara

    Have apple for the Lond but nothing to sowe for it.

  50. Onyekachukwu Chijindu Martin

    I was told I wasn’t eligible because I have an outstanding loan with a microfinance bank that would elapse in two months time. I’ve been making my payments every month without default all along.

    Is that enough yardstick to say I’m not eligible? Moreover, like I said earlier, I’ve never defaulted all along.

  51. hello admin. pls can i independently open a NIRSAL MFB acct and how do i go about it

    • You should simply click the ‘Apply Now’ button under the category you wish to apply for, and you will be able to proceed with further instructions

  52. Hello Admin, been trying to apply for the household but it wont let me, i input my bvn but keeps saying invalid. does it mean the portal is NOT full opened?

  53. Please adim the site is not working what’s wrong if I put my bvn it say error please try again or invalid bvn why and it not follow step by step

  54. What if I applied for both house hold and sme

  55. Can someone who is into piggery farming also apply for it.

  56. I applied last year and yet to be acknowledged.

  57. I want apply

  58. I am interested and to use it to start cassava farming and processing .

  59. Yet to receive a verification mail

  60. Pls help me on how to apply for this. Much thanks

  61. I am not in Nigeria..so it does not concern me at all

    • You should ignore then or share to those who want

    • Congratulations you’re opportune to be there. Your message seems like you’re mocking us here…show a little empathy

      • Funny you Daniel, I don’t feel it’s mockery. I guess he just doesn’t want to be notified of opportunities that are not directly useful to him

    • Hi admin I just applied this night and it was successful. Pls will I receive a mail after a successful application or not bcos I didn’t get so hope no issue? And there was no provision to input Account number too while I was filling the form.

  62. I have applied for the loan with my phone with out getting anything even after the system acknowledge receipt and congratulated me for,while those we applied at the same time got their money, later again after several months another package of under going training with NDE came,I also went for the training obtained my certificate and got my business plan, but the same my all those whom I attended the training with,were called for interview but until now my name haven’t been selected why?or am I not eligible?

  63. I need to get a business

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