Are you aware that its not compulsory to provide an NMFB account for the COVID-19 TCF loan application ?
Loan application process 9Jajobs Online
.Although, you will need to have account with the CBN-backed microfinance bank at a later stage. Here, we will tell you what is required
in opening an account with Nirsal Micro Finance Bank and why its necessary for the disbursement of your loan.
NIRSAL Microfinance Bank is one of the leading national micro-financial institution and is licensed by Nigeria’s
This post is meant to serve as a response to the issues raised by our readers as regards if its mandatory to provide an NMFB bank account before
one can apply for the household loan.
Answer: You do not need to provide an NMFB account so as to get your TCF Loan. However, you are advised to have an account with the bank so as to enjoy the full benefits of the numerous services provided by the bank.
How to create an account with Nirsal MFB : Visit the NMFB branch located in your state
Means of Identification (International Passport, Driver’s License, One recent clear passport photograph
Voter’s Card or National Identity Card)
Any Utility Receipt from within the last 3 months e.g (rent receipt, PHCN bill, telephone bill, water rate bill, tenement rate)
With your account opening form completed
What’s the next step?
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Step 1: Go and download the NIRSAL MFB App from Google Play Store
Step 2: Now login with your account details
Step 3: Visit the NMFB branch that is closest to you and then use the PIN that was given to you during your account setup
Step 4: Undergo KYC (Know Your Customers) so as to secure your account. From there on, you can change your PIN.
Step 5: You should then access your NMFB, then add your account number to transfer your loan money to.
That’s all the procedure involved.
Now when your TCF loan is finally disbursed into your NMFB account, you can then easily make transfer to your preferred bank account.
If you encounter any problem while using the app, contact the branch for a solutions.