NYIF Loan Scheme Update | What is the Latest on Disbursement Plan today April 2022 can be accessed below..
Applicants of the Nigeria Youth Investment Fund (NYIF) will be in need of this NYIF Loan Scheme Update. If you applied then you need to read this post to get the right information here.
The latest on ground on this NYIF Loan is that the Federal Ministry of Youths and Sports is liaising with the NPF Microfinance Bank to disburse 75 million naira.
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Applicants that got SMS or email from NPF Microfinance Bank to open an account with the bank. Kindly check your email or SMS inbox to know the amount allocated to you. In case you did not find the mail in your inbox, do not fail to check the SPAM folder or other folders in your mail.
You can accept or reject the loan amount following the instructions on the mail or SMS.
Bear in mind that Nirsal Microfinance Bank has initially set the maximum loan amount to N300,000. Candidates that followed the NPF Microfinance Bank instructions was said to have received N250,000 and N650,000 NYIF Loan while others received larger amount but are currently waiting for disbursement into their respective bank accounts.
Do not forget that your loan amount is based on the information you provided in your business plan. Applicants with higher business idea will be given higher loan amount.Currently on the NYIF Loan Scheme Update is that no disbursement have been made to anybody.
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Check Your NYIF Loan Status on DASHBOARD as NYIF Loan Approval is Ongoing
NYIF Login: All applicants can login to the NYIF account and check the status of their loan application dashboard.
If you visit the official portal of NYIF today, you will see a news post on social media. According to the latest information, the Nigerian Youth Investment Fund has started approving the loan application status of some candidates.
Candidates who have been shortlisted for the program should therefore visit the official NYIF portal https://nyif.nmfb.com.ng/login and check their credit status at the beginning of the approval on their dashboard. Recommended.
Applicants can access their NYIF Dashboard and update their bank account information.
However, the program is a government-approved program developed by the federal government in collaboration with the NIRSAL Microfinance Bank (NMFB) and the Central Bank of Nigeria to provide opportunities for young Nigerian entrepreneurs in the country. The program, launched earlier this year, has benefited thousands of applicants.
All candidates are advised to log in to the above portal and use email/BVN/phone number and then password to confirm that their loan application status is approved or pending.
Below are the steps to log into the portal and visit NYIF Dashboard:
Visit the NYIF Login Official Portal https://nyif.nmfb.com.ng/ApplicantDashboard/Business/Login from your phone or desktop computer.
- Enter your login details (email address and password).
- Click on “Dashboard” and select the Loan Status tab.
- Then click “Next” where your account information is required.
- Then, after you have specified the required requirements in number ‘4’, click on “Summit”.
Congratulations to the successful applicants.
If you are unable to access the portal or have problems with the National Youth Investment Fund (NYIF), feel free to leave a comment to help you.
NYIF Loan Scheme Update | What is the Latest on Disbursement Plan
