How To Check Nirsal Loan Status


Nirsal, a lending platform born out of the necessity to support businesses devastated by the far-reaching impact of the COVID-19 pandemic, stands tall among its counterparts. It offers a lifeline to small and medium-sized companies across the nation.

This sought-after loan allows anyone, be it an individual or a business, affected by the pandemic to easily apply for financial assistance ranging from 250,000 to 25 million Naira. Its popularity in Nigeria speaks volumes.

However, navigating the process of checking one’s loan status remains a mystery to many. Applying for the loan is one thing, but keeping track of the approval status is equally crucial. That’s precisely why we have compiled this informative article.

Within these pages, we will delve deep into the intricacies of checking your Nirsal loan status. We’ll also address some of the most commonly asked questions. Brace yourself for invaluable insights and stay fully engaged.

Understanding the Nirsal Loan:

In response to the COVID-19 crisis, the federal government established the NIRSAL loan platform, extending a helping hand to those affected.


The NIRSAL loan microfinance bank has already commenced disbursing funds through the COVID-19 Targeted Credit Facility for 2023. This development means that applicants can now verify their approval status online.

It’s important to note that applicants fall into two categories:

  1. Small and medium-sized enterprises
  2. Households and individuals

When checking your Nirsal loan status, it is imperative to determine which category you belong to.

The first category caters to businesses seeking higher loan amounts, while the second category is for individuals and groups. To check your Nirsal loan status, visit their website and indicate the relevant category during the login process.

Furthermore, the federal government, in collaboration with the Central Bank of Nigeria, introduced this loan as a relief measure for Nigerian citizens.

If you haven’t yet applied for this loan, we encourage you to do so. Remember, there is no need for collateral. However, ensure that the details provided during the application process are accurate, as they will be thoroughly reviewed before loan approval and during the login process.

Now, let’s delve into the heart of this article—the step-by-step guide to checking your Nirsal loan status. Stay focused and pay close attention.

How to Check Your NIRSAL Loan Status:

Are you looking for How to check Nirsal loan with BVN? Multiple methods exist for checking your NIRSAL loan status. However, this article will specifically guide you through the process using your Bank Verification Number (BVN) for greater speed, efficiency, and reliability. Follow these unique steps:

  1. Access the official portal of NIRSAL Microfinance Bank.
  2. Locate the COVID-19 support link positioned at the top right-hand corner.
  3. Click on “Click here to provide other accounts.” This action will redirect you to a new page displaying the aforementioned two categories: households and small to medium-sized businesses.
  4. Choose the category under which you submitted your loan application. If you applied as a household, select that option; if you applied under the other category, click accordingly and proceed.

You will then be prompted to enter your 11-digit BVN to determine the success of your loan approval.

If your loan approval is successful, the subsequent page will display the approved loan amount, the terms and conditions, and a section to input your bank details. If you agree to the terms and conditions and provide your bank details, your loan will be credited to your account promptly.

How to Identify an Unsuccessful NIRSAL Loan Application:

The process of verifying whether your loan application was unsuccessful follows a similar pattern. Observe the following steps:

  1. Visit the official portal of NIRSAL Microfinance Bank.
  2. Locate the COVID-19 support link positioned at the top right-hand corner.
  3. Click on “Click here to provide other accounts.” You will be directed to a new page where the two categories, households, and small to medium-sized businesses, are displayed.
  4. Choose the category that matches your loan application. If you applied as a household, click on that option. If you applied under the other category, select accordingly and proceed.
  5. To verify your loan approval status, you will need to enter your 11-digit BVN.

If your loan was unsuccessful, a message stating “This BVN Detail Does Not Exist” will appear. However, it’s worth noting that some applicants received a confirmation SMS from the National Microfinance Bank, confirming the success of their loan approval.

If you did not receive an SMS, you can still use the aforementioned steps to check the status of your loan approval.

For those who applied under the household category, use this link to access the portal:

For those who applied under the small to medium-sized enterprise category, use this link to access the portal:

If you have any further inquiries, feel free to call the following number:

Nirsal customer care number: 09010026900

It’s important to remember that if your loan approval is unsuccessful, you can reapply the following year. There is no limit to the number of times you can reapply until your loan is approved. However, once your loan is approved, you will no longer be eligible to apply again.

Now that we have covered the essential steps to check your NIRSAL loan status, let’s move on to addressing some frequently asked questions on this topic. Stay engaged as we shed light on potential challenges you may encounter.

Frequently Asked Questions:

How can I find out my NIRSAL account number?

To obtain your NIRSAL account number, it is advisable to contact the NMFB. This is particularly important for loan repayment purposes. Remember, the loan is not a gift, and it must be repaid. Therefore, choose flexible terms of agreement that suit your circumstances.

How can I access my NMFB account?

For existing NMFB account holders, click on the signup button. Enter your NIRSAL MFB account number as your username and provide your registered mobile number. Make sure to use the mobile number associated with your account. Click on the register button and follow the subsequent instructions to generate a PIN and password.

How can I view all my loan details?

One effective method of accessing all your loan details at once is through the NMFB portal. Visit their official website, locate the loan icon under the product section, and click on it. This action will redirect you to a page displaying personal loan options. Click on the relevant loan type, and you will gain access to your statements and agreements by logging in with your credentials.

In conclusion, we have provided a unique and comprehensive guide to checking your NIRSAL loan status in six simple steps. By following the instructions outlined in this article, we are confident that you can successfully navigate the process.

If you have any further questions, please feel free to ask in the comments section. We are here to provide swift responses and assist you along the way.