How To Calculate Your Loan Using NMFB Loan Calculator

Are you an 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 your loan or target loan? If your answer is yes then read on.

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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
Below is how to calculate your loan:

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.

B) 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.

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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.