NMFB Gives Update On Failed TCF COVID-19 Loan Disbursement

NMFB Gives Update On Failed TCF COVID-19 Loan Disbursement

The management of Nirsal Microfinance Bank has given a new update regarding NMFB Failed TCF COVID-19 Loan Disbursement.

According to NMFB, TCF COVID-19 Loan beneficiaries should know that failure to upgrade the category of your savings account from Tier 1 to Tier 3 can prevent receipt of your NMEB loan amount.

Given the average value of the TCF (covid-19) loan, ONLY Tier 3 Savings and Current accounts can be successfully credited.

To avoid or correct this problem, go and check/upgrade the status of your account with your bank today.

Ensure you obtain confirmation of the upgrade from your bank and notify the NMFB branch closest to you.

You may want to also check Link For NMFB Non Interest Loan Applicants Vendors Selection

Note that you have till 31st July 2022 to upgrade your accounts. From 1st August 2022, your unpaid approvals will be nullified/invalidated, NMFB said.