2021 CBN Nirsal Covid-19 Loan Portal Opens: How To Apply

2021 CBN Nirsal Covid-19 Loan Portal Opens: How To Apply: The CBN Nirsal Covid-19 portal has again opened for massive applications, the application is not different from the previous application done last year

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See Covid-19 Monthly Loan Repayment Starts- Massive Debit Hit Beneficiaries

This year application is opened to limited numbers of people and is mainly for those who registered last year but could not get funds

How to Apply for the Covid-19 CBN Loan

The application has 6 simple stages, ensure you correctly fill them. when you click next to go to the next stage, wait for it. It will go by itself. if you refresh, you will mess things up.

For those having struggle to get their bvn validated, your keyboard cursor (that vertical line blinking) has to be in the bvn field while the page is loading for it to work.

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Follow the steps I’m about to explain, you won’t even need to try more than once.

  • Click the application link
  • Enter your BVN,
  • When you input your bvn, be patient. It might say bvn not correct or network, retry it.
  • Then press the jump-arrow key,
  • It will take you to the state of residence field from there immediately leave that field and come back to the bvn field and leave the cursor there while it finishes loading.
  • For the last stage, you are to agree with their terms and condition.

For Those That Applied Last Year but not Given Fund

For those who successfully applied last year, with your reference number you can come back as a returning applicant and edit your information and resubmit

A congratulatory message will be sent upon a successfully completed  process

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Start Registration Here

Covid-19 Monthly Loan Repayment Starts Soon

The Covid-19 loan is a bubble, waiting to burst in the nearest future, anyone who is familiar with US economy of 2008 economic meltdown will understand, the difference is just that this isn’t a cauterized loan

The Covid-19 loan disbursed so far has stringent measures in place to recover the loan from debtors

People take the terms and conditions of the loan with levity, not minding the repayment measure put in place,

Since it isn’t collateralized, many people thought, they can get away with it. But reality has started manifesting like the “second coming of Jesus Christ”

The Nirsal Micro Finance Bank has started notifying all those who collected the covid-19 loan to be ready to pay up after the one-year or the 12-month moratoriums.

The government is on alert to start debiting beneficiaries immediately when the loan is due, all gaps of unrecovered loans will be perfectly addressed, and this may tell on the economy.

The covid-19 loan and other similar loan programmes, beneficiaries were asked to register with their bvn, with bvn there is no hiding place for loan default or bad debt

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