Checking Your NIRSAL Loan with BVN
To check your NIRSAL Microfinance Bank loan status, visit the official NIRSAL website and enter your Bank Verification Number (BVN). The portal displays your application status, disbursement updates, and repayment schedule. You need a valid BVN to apply for or track any NIRSAL loan. Obtain your BVN at any Nigerian bank branch if you do not have one.
Step-by-Step Online Status Check
Follow these steps to check your NIRSAL loan with BVN in 2026:
- Log in to the NIRSAL Microfinance Bank portal at nmfb.com.ng.
- Enter your BVN or NIRSAL loan account number.
- Complete the reCAPTCHA verification.
- Click “Validate BVN” to view your loan status.
You can also use the NIRSAL mobile app by tapping “Check Loan Status” and entering your BVN. If approved, the portal shows your loan amount and next steps such as accepting the Offer Letter. A pending status means your application is still under review.
Registration and Login
Create an account either online via the NIRSAL portal or in person at a branch. Provide your name, email, and BVN. After registration, log in with your email or phone number and password to track your loan anytime.
NIRSAL Loan Application Process
Apply online through the NIRSAL website or visit any branch. For Non-Interest Facility loans (TCF-NI and AGSMEIS-NI), after approval you must generate and accept the Offer Letter and Undertaking to Buy Agreement. Enter details of items to be financed, attach valid invoices for equipment and materials, and wait for funds to be disbursed directly to vendors. Sign the Murabahah Agreement after delivery. Returning applicants can log in with BVN, last name, and reference number.
Non-Interest Facilities: TCF Loan Details
The Non-Interest Targeted Credit Facility (TCF) supports households and micro, small and medium enterprises (MSMEs) affected by COVID-19. Maximum facility amount for households is N1,000,000 with a 9% profit margin per annum and up to 36 months repayment. For SMEs, the maximum is N2,500,000 with the same profit margin and tenure. Both have a 6-month moratorium on repayment.
AGSMEIS Loan Application
The Non-Interest Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS-NI) finances agricultural businesses. It operates on Islamic finance principles (murabahah and ijarah). Key features include financing up to N10,000,000, tenor up to 7 years, and a moratorium of 6 months on mark-up and 18 months on principal repayment.
Recent Developments: Calls to Suspend Automatic Deductions
In December 2025, the House of Representatives ordered the Central Bank of Nigeria (CBN), NIRSAL Microfinance Bank, and the Federal Ministry of Finance to suspend all deductions on COVID-19 intervention loans. The motion noted that the COVID-19 Targeted Credit Facility disbursed N419.42 billion to nearly 793,000 beneficiaries nationwide. Many borrowers struggle to repay due to economic conditions. In April 2026, the House again pushed for flexible repayment terms. Bankers explained that NIRSAL can automatically debit any bank account linked to a borrower's BVN if a loan is not fully repaid on time, explaining unexpected deductions. As of now, the directive remains legislative and not a confirmed policy change.
How to Retrieve Your NMFB Account Number and Loan Balance
Log in to the NMFB iBank platform using your BVN to see your 7–12 digit account number. To check your loan balance, navigate to the loan section after logging in to view outstanding amount, repayment schedule, and details.
NIRSAL Contact Information
Physical address: House 1, Plot 103/104, Monrovia Street, Wuse 2, Abuja. Phone: +2349010026900, +2349010026907, +2349010026901, +2347041800003, 02094621730, 02012278141, 02015266066. Email: info@nmfb.com.ng. Social media: Facebook @NirsalMFinanceBank, X (Twitter) @NirsalMFB.
GSI Recovery Status and Phone Check
There is no public GSI status portal. GSI recovery happens bank-to-bank via NIBSS. If you suspect a GSI deduction, contact your bank or NIRSAL customer care. You can check loan status on your phone via the NIRSAL mobile app or portal browser. Enter your BVN to see approval status and next steps.
Understanding how to check your NIRSAL loan with BVN helps you track application progress and manage repayments efficiently. Always use official channels and contact customer care for personalised support.
