This article is for existing NMFB CBN Intervention – Covid-19 TCF, ABP, AGSMEIS, and NYIF Loan Beneficiary or On-balance sheet – Salad, petty now – now, SME plus loan Beneficiaries or a prospective loan applicant looking for ways to calculate their loan or target loan.
You can now calculate your NMFB loan using the simple steps provided below-
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We are very much aware that some loan applicants are getting confused about their loan and why they are not getting the exact amount of loan approved for them, some also complain about certain deductions from the approved loans so we decided to write this article to help you calculate your loan.
How To Calculate Your Loan Using NMFB Loan Calculator
Follow the step below to see how to calculate your loan:
For Beneficiaries:
- Go to https://loancalculator.nmfb.com.ng/Benficiary
- Select a product type
- Enter your BVN to view the result or to calculate your loan.
For Non-Beneficiaries/Prospective loan Applicants
- Go to https://loancalculator.nmfb.com.ng/NonBenficiary
- Enter your loan amount and the loan term ( number of years) and click calculate loan.
Your loan result will be displayed in the following format: Loan amount, total Interest, 4% upfront charge, total Interest after upfront charge, and monthly amount due.
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