Home Finance How to check nirsal loan approval with bvn number

How to check nirsal loan approval with bvn number

Do you have a NIRSAL loan? If so, you can check your loan status with just your BVN.

Just like a fingerprint is unique to each individual, your BVN is a unique identifier that can be used to verify your identity and access financial services. In the case of NIRSAL loans, your BVN can be used to check your loan status, repayment schedule, and outstanding balance.

Checking your NIRSAL loan status with your BVN is quick and easy.

Before that, let me walk you through some basic things. 

What is NIRSAL loan

NIRSAL (Nigeria Incentive-Based Risk Sharing System for Agricultural Lending) Loan is a financial initiative in Nigeria that aims to support and promote agricultural activities in the country. It was established by the Central Bank of Nigeria to address the challenges faced by farmers and agribusinesses in accessing credit and finance.

NIRSAL provides guarantees to financial institutions, such as banks, to encourage them to lend to the agricultural sector. By offering these guarantees, NIRSAL helps reduce the risk for lenders, making it more attractive for them to extend credit to farmers and other agricultural players. This, in turn, boosts agricultural productivity and contributes to economic growth in the agricultural sector.

The loans obtained through NIRSAL are intended to help farmers and agribusinesses invest in their operations, purchase necessary equipment, improve infrastructure, and adopt modern agricultural practices.

How to check nirsal loan approval with bvn number

Checking the approval status of your NIRSAL loan with your BVN number can be perplexing, but fear not, we’ll bust through the process step by step!

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Firstly, head over to the NIRSAL Microfinance Bank website, where you’ll find a plethora of loan options awaiting farmers and agricultural businesses alike.

Next, locate and eagerly click on the “Loan Repayment Portal” link, brimming with anticipation to unveil the status of your loan application.

Now comes the pivotal moment – input your BVN number with trembling fingers, and with bated breath, hit that “Submit” button, eagerly awaiting the outcome.

In case the financial stars have aligned in your favor, and your loan has been approved, rejoice as you witness the much-anticipated information about the loan amount, interest rate, and the repayment schedule, surely a cause for elation!

However, if destiny hasn’t yet smiled upon your application, don’t despair! Instead, a message shall greet you, assuring you that your application is still under the watchful eye of the review process.

For those who prefer a more personal touch or wish to amplify the suspense, you have the option to dial the NIRSAL Microfinance Bank’s customer service line at 07009009009 to inquire about your loan status, brimming with bustiness as you await their response.

To check your account balance, dial *646# and select option 1.

  • To make a transfer, dial *646# and select option 2.
  • To pay a bill, dial *646# and select option 3.
  • To buy airtime and data, dial *646# and select option 4.
  • To open a new account, dial *646# and select option 5.
  • To apply for a loan, dial *646# and select option 6.

Conclusion

Thank you for reading to this end. That’s all what we need to know about how to check NIRSAL loan approval with bvn number. I hope you find this helpful. 

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FAQ

How do I check if my loan is approved?

To check if your NIRSAL loan has been approve, Go to the Nirsal website and log in to your online banking account.

  1. Click on the “Loans” tab.
  2. Select the loan that you are interested in checking.
  3. The status of your loan will be displayed on the screen.
  4. If your loan is approved, you will see a message that says “Loan Approved”. You will also see the details of your loan, such as the amount of the loan, the interest rate, and the monthly repayments.

What is the USSD code for Nirsal?

The USSD code for Nirsal is *646#

How do I check my NMFB account number?

  • Log in to your NMFB internet banking account. If you have an internet banking account, you can log in and view your account number on the dashboard.
  • Contact NMFB customer care. You can call NMFB customer care on 09010026900-7 or send an email to [email protected] They will be able to provide you with your account number.
  • Check your offer letter. If you received an offer letter from NMFB when you applied for a loan, your account number will be listed on the letter.
  • Check your SMS messages. If you have registered your mobile phone number with NMFB, they may have sent your account number to you in an SMS message.

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