GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Latest News On Nirsal Microfinance Bank Loans For Today October 2021

Enudi Golden by Enudi Golden
January 11, 2024
in business, Featured, Headline, Scholarship/ Opportunities
Reading Time: 3 mins read
How To Check Your NMFB NIB Window Loan Approval Status
25
SHARES
Advertisements

Latest News On Nirsal Microfinance Bank Loans For Today October 2021

Welcome to GoldenNewsNg summary of Latest news on Nirsal Microfinance bank, we know many applicants are eager to get the latest happenings on the Nirsal Microfinance Bank Loans and due to too many questions we have been getting from applicants about the Loans, we have compiled all the latest updates about the NMFB Loans.

Below are the latest news On Nirsal Microfinance Bank Loans For Today Wednesday 27th October 2021

READ ALSO

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

Over 100 killed as Deadly floods hit Popular Market in Nigeria

Table of Content

1. NMFB Discloses Reason Why Some TCF Applicants Have Not Received Their Loan
2. Nirsal Microfinance Bank Sends New Notice To Non-Interest Banking Window Beneficiaries
3. Four Important Things All NMFB Non-interest Banking Window Loan Applicants Must Know Ahead of Disbursement
4. NMFB Releases FAQs For Applicants Of Non-interest Targeted Credit Facility Loan

1. NMFB Discloses Reason Why Some TCF Applicants Have Not Received Their Loan

The Nirsal Microfinance Bank has sent a new important notice to its TCF loan applicants stating the reason why some of the applicants have not received their loan and also outlined what to do in order to redeem their loan.

Nirsal Microfinance Bank disclosed this on their official Instagram account where they stated that some of the Covid-19 loan applicants have not received their loan because they are tier 1 account holders and have urged them to kindly visit their bank to upgrade their 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 and also desist from posting your account details on the comment section of our social media pages.
2. Nirsal Microfinance Bank Sends New Notice To Non-Interest Banking Window Beneficiaries

The Nirsal Microfinance Bank (NMFB) has sent a new notice to clarify Non-Interest Banking Window Beneficiaries about the 25% mark-up of the loan facility which is meant to be paid back to the bank by the beneficiaries.

The NMFB disclosed the notice on their official Instagram account which they clarified the reason for the 25% mark-up on the NIB Loan and also stated that the loan is strictly for financing equipment/goods at a predetermined mark-up.

They also went further to state that the Non-Interest Banking Window is availed within the principles of the MURABAHA system of the Non-Interest Lending which means the loan is meant strictly for financing equipment/goods, there is no avenue for the release of cash under the Murabaha principle of non-interest lending.
3. Four Important Things All NMFB Non-interest Banking Window Loan Applicants Must Know Ahead of Disbursement

The Nirsal Microfinance Bank has listed out four important things every Targeted Credit Facility (TCF) Non-interest Banking Window Loan Applicants must know ahead of loan disbursement.

According to the statement which reads:

1. All Credit Facilities which the Non-interest Banking Window of the Targeted Credit Facility TCF are for the purchase of Equipment/Goods ONLY.

2. There is no CASH equipment to the facility.

3. All equipment/goods will be purchased for successful applicants by VENDORS APPOINTED BY NMFB and delivered to the beneficiaries within 48 hours after payment to the vendor.

4. Customers are not expected to pay CASH to any vendor before or after delivery of equipment or goods and vendors are not allowed to provide cash to Applicants.
4. NMFB Releases FAQs For Applicants Of Non-interest Targeted Credit Facility Loan

The Nirsal Microfinance Bank has released a list of questions and answers for Non-interest Targeted Credit Facility Loan Applicants in order to help them get solutions to their questions.

Since the Launch of the Non-interest Targeted Credit Facility Loan in August, there have been several questions asked about the Loan.

The NIRSAL Microfinance Bank through their official Instagram account released the list of questions and answers which will help applicants get answers to their questions. Click Here to read the full details.

That’s all for the Latest News On Nirsal Microfinance Bank Loans For Today October 2021, make sure to share this article and always come back from time to time for more updates

Credit: Flippstack

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Nigerian Adamu, Gabonese Convicted Of Drug Trafficking Charges In US

Next Post

NASS Meets With INEC Chairman, Security Chiefs Over Anambra Poll

Related Posts

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan   The Federal Government has confirmed that students...

Read more

Over 100 killed as Deadly floods hit Popular Market in Nigeria

100 killed as Deadly floods hit Popular Market in Nigeria

Over 100 killed as Deadly floods hit Popular Market in Nigeria Mokwa, Niger State, Nigeria — More than 100 people...

Read more

Grant for Women in Engineering – Apply for Delt-Her Women Empowerment Program 2025

Delt-Her Women Empowerment Program 2025

Apply for Delt-Her Women Empowerment Program 2025 following the guidelines below...   Developing Engineering Leaders Through Her (DELT-Her) is an...

Read more

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025 Deadline

YEIDEP Grant Hits 5.1 Million Applicants

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025, Deadline   The Youth Economic Intervention and De-Radicalization...

Read more

How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide

RRR/NSR 75K Cash Transfer Form

 How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide Are you looking to benefit from the...

Read more

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)   With millions of Nigerians living below the...

Read more

Flood claims over 20 lives in Niger communities

Victim ...Woman, 2 children rescued, 10 persons still missing   Following a heavy downpour that occurred on Thursday, no fewer...

Read more

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

FG Announces N45K Monthly Stipend for Technical College Students GoldenNewsNg reports that the Federal Government has announced a new policy...

Read more

How to Apply for Yeidep Grant : Step-by-Step Guide for Nigerians

How to Apply for Yeidep Grant

Last year, my close friend Amaka was at rock bottom. She had just lost her job, rent was due, and...

Read more

Why Some Applicants Won’t Receive the YEIDEP Grant This July — Avoid These Errors

Why Some Applicants Won’t Receive the YEIDEP Grant This July — Avoid These Errors

With the YEIDEP disbursement date drawing near, it’s important for all applicants to know the key reasons they might miss...

Read more
Load More
Next Post
NASS Meets With INEC Chairman, Security Chiefs Over Anambra Poll

NASS Meets With INEC Chairman, Security Chiefs Over Anambra Poll

SEARCH ADS

Latest Posts

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan
Education

FG Approves N45,000 Monthly Grant for Students Under N120 Billion TVET Plan

100 killed as Deadly floods hit Popular Market in Nigeria
News

Over 100 killed as Deadly floods hit Popular Market in Nigeria

Delt-Her Women Empowerment Program 2025
Headline

Grant for Women in Engineering – Apply for Delt-Her Women Empowerment Program 2025

YEIDEP Grant Hits 5.1 Million Applicants
Jobs

YEIDEP Grant Hits 5.1 Million Applicants – Apply Before May 31, 2025 Deadline

RRR/NSR 75K Cash Transfer Form
Headline

How to Fill the RRR/NSR 75K Cash Transfer Form in 2025: Step-by-Step Guide

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)
business

How to Register for Conditional Cash Transfer in Nigeria (2025 Updated Guide)

News

₦75,000 CCT Process Begins – Check If You’re Eligible!

News

Two Years Anniversary: Niger CAN Congratulates Gov. Bago

Headline

Flood claims over 20 lives in Niger communities

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know
Education

FG Announces N45K Monthly Stipend for Technical College Students — Here’s What You Need to Know

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News