NMFB Loan 2021/2022 | How to calculate your Loan using NMFB Loan Calculator

NMFB Loan 2021/2022 | How to calculate your Loan using NMFB Loan Calculator

This post is for clarification on how to calculate the  NMFB Loan 2021/2022 under the two product type namely:

  1. NMFB CBN Intervention Applicants including: Covid-19 TCF, ABP, AGSMEIS, and NYIF Loan Beneficiary
  2. On-balance sheet includes: Salad, petty now now, SME plus loan Beneficiaries or a prospective loan.

How to calculate NMFB CBN Loan will not be a problem to you!

We have seen some loan applicants getting confused about not getting the exact amount of loan approved for them, some also complain about certain deductions from the approved loans so we decided to create this post to help you calculate your loan.

How to calculate your Loan using NMFB Loan Calculator

For Beneficiaries:

  1. Go to https://loancalculator.nmfb.com.ng/Benficiary.
  2. Select a product type
  3. Enter your BVN to view the result or to calculate your loan.

For Non-Beneficiaries/Prospective loan Applicants

  1. Go to https://loancalculator.nmfb.com.ng/NonBenficiary.
  2. 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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Don’t miss the underlisted Loan Opportunities

National MSME Survival Clinics Grant Application Form 2021-2023

NMFB Covid-19 TCF Household Loan Application Portal

Green Imperative Agric Mechanization Loan Program

Npower Farmer Loan Empowerment Application Form

Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS)

NMFB CBN Intervention Loans Calculator

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