NIRSAL BVN Validation : Verify On NIRSAL Portal

NIRSAL BVN Validation : How To Verify Your BVN On NIRSAL Portal ?

The Government is bringing up various options and financial relief packages to Nigerian households, businesses and individual unity alike In their efforts to soften the huge blow dealt to businesses by the unprecedented outbreak of Covid-19 pandemic,

NIRSAL Microfinance Bank loan application link

They thought it wise that something needed to be done urgently to safe the already stressed economy from sliding into deeper recession

the Central Bank of Nigeria in alliance with NIRSAL microfinance bank is here to turn the tide around.

These two bodies has initiated a scheme aimed at addressing most of the financial needs of both individuals and SMEs affected by the COVID-19 pandemic outbreak.

The scheme has been rolled out already with lots of tremendous benefits being enjoyed by Nigerian household and businesses alike.

Many Nigerians has benefitted from this scheme already, there are hundreds of beneficiaries that has received funding, this goes a long way to prove that the scheme is genuine and legit.

Nirsal Microfinance Loan

This article is here to help address areas that look confusing about the Nirsal Covid 19 Loan.

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We will be aiming at providing answers to the many questions beneficiaries and interested members of the public has been asking from the inception of the registration and the BVN validation process.

From findings millions of Nigerians are yet to tap from the benefits of this scheme despite being designed and initiated for Nigerians irrespective of political or religious views.

The main objective here is not to discuss the reason why most Nigerians failed to embrace the loan but to but to address the difficulty applicants faced when validating their BVN.

We are hoping to provide lasting solutions to these problems through this post.

How To Go About The Validation Of Your BVN

For Household:

For SME:

  • First log to this portal
  • You now have to Locate the Covid-19 support, it’s located just at the top right extreme of your computer screen.
  • You now have to click on support
  • Scroll down the list on the new window and click on the link that reads “Click Here to Provide Other Bank Account”
  • Select the type of credit facility you applied for (i.e. Household or SME)
  • Finally you will need to Input your BVN before clicking on the ‘validate’ icon. That’s all.

What Does NIRSAL “BVN Does Not Exist ” Mean ?

It simply means not approved. This means you have to wait untill you get approval from them before you can access the funds.

PLEASE Note: there is every need to have a BVN that is linked to your bank account. (BVN stands for Bank Verification Number). Have you misplaced your BVN number? No worries we got you covered on how to recover it right now.

Here’s the easy way of accessing your BVN via USSD code. No stress or Internet connection involved.

As long as you registered it with any of these Nigerian network providers then it is going to work (MTN, Glo, 9-mobile, Airtel.)

  1. Remember this can only work on a sim card you previously registered your BVN on.
  2. There is need to have a balance of at Least 25 naira because this money will be deducted as service charges.
  3. Dial *565*0# on your phone.
  4. Now you should have full access to your Bank Verification Number regardless of Bank or the network.

NOTE: BVN Validation comes only when you must have been through with the registration process. The scheme is meant to help both Households and SMEs.

We also want you to know that NIRSAL Microfinance Bank will be a channel via which the loan will get to you.

Let’s not fail to talk about the interest rate. There is interest rate you will pay for accessing this loan. This interest rate stands at 5% P.A. (all-inclusive) , the interest will revert to 9% P.A. Later on

For the online registration process, please kindly visit the NIRSAL support scheme platform:

Those Eligible for NIRSAL loan

HOUSEHOLDS: the budgetary allocation can not cover all household in Nigeria, there is a need to focuse on the most vulnerable households that have verifiable evidence of livelihood adversely impacted by COVID-19.

NIRSAL Microfinance Bank (NMFB) will also have to step in, take a close look at the financial record to determine the true situation on ground.

Households can access up three million naira in the scheme.

Requirement for The Households Registration:

  • Loan application letter
  • Verifiable application form
  • Verifiable Guarantor form
  • A valid means of ID (national ID, driver’s license, voter’s card or international passport)
  • Current utility bill
  • 2 recent passport-size photographs


Requirements for MSMES/Corporate Enterprise :

  • Mini SME (funding between N3m – N10m)
  • SME Plus (funding between N10.1m and N25m)

Just like the household, Existing enterprises need to come up with fact on record showing how their business and inflow has bee badly hit as a result of the COVID-19 pandemic.

For transparency interested beneficiaries under this category should make a room for audit in their financial records by the NIRSAL Microfinance Bank (NMFB) to assess their financial records.

The Bank will assess the capacity of the customer through the customer’s business history; via total account statement turnover (with NMFB and other banks).

However, this would not be the only tool used to determine customer’s eligibility.

(NOTE: anywhere there is discrepancy in the financial record or if the statement of accounts didn’t meet up the expectation of the bank,the bank reserves the right to make decisions as considered appropriate).

Requirement for Both SMES And MSMES Registration:

  • Loan application letter
  • Verifiable application form
  • Genuine Guarantor form
  • A valid means of ID (National ID, Driver’s License, Voter’s Card or International passport)
  • Current utility bill
  • 2 recent passport-size photographs
  • BVN
  • Business registration,
  • And a business plan with clear plan of the opportunity or adverse impact as a result of COVID-19 pandemic.

Note: businesses can’t just demand certain amount of money as loan. First their request must be determined based on some criteria such as cash inflow and size of the business unit interns of numbers of employees, strength and size of the business, subject to a maximum of N25 million.

Ikechukwu Youwin

this articles was written by ikechukwu for, Ikechukwu is a University graduate, he holds a degree in Economics from the University of Nigerian Nsuka (UNN).Read more

34 thoughts on “NIRSAL BVN Validation : Verify On NIRSAL Portal

    1. please check and verify my bvn your most esteemed office.accept my highest regards. thank you

  1. I applied for Household loan on the platform but I forgot to save my TCF reference number before submission. How do I retrieve my reference number?Thanks.

  2. Please I have applied for the loan and says successful but when ever I log in to check my bvn validation, it says bvn doesn’t exist please help me with my bvn validation. Thank you mrs/mr


  4. Have apply for households loan but I did not save my reference number but how can I retrieve it back

  5. Pls I want to verified my BVN
    i applied for the NIRSAL since last year and must of the people we did together have gottor the money but I having so I don’t no what do

  6. I have applied for household loan and i forgot to save my reference number. And again am trying to check if it has been approved but they are saying BVN does not exist, what do I do.

  7. I successfully applied for the loan but anytime I try to validate my bvn. It shows that my bvn does not exist.
    Please I need your help.

  8. Good day sir,
    My name is WORGU GALLANT OGUNKA, I applied for loan, I was trained by CAD consultant Port Harcourt, Rivers state. I have my certificate and business plan. After your upgrade, I validated my bvn, after my validation, I moved to the next stage of user registration where I was told unless my EDI admit me before I can proceed. Now my EDI has admitted, when ever I try to login, it will show me that my bvn has not been validated. When I tried to validate it, it shows my bvn has been validated by another user. Please I need urgent help because I am seriously confuse.

  9. I applied for the loan since the beginning of this year, but I have issues with the verification my bvn please help out

  10. I apply nirsal loan early January this year I didn’t see anything result from nirsal thank you

  11. Good day nirsal
    How long are you going to approve my loan application
    Pls do
    I have don the process since last year 2020
    Now we are in Aug 2021
    Do you want me to die before you approve
    I am so excited

  12. I applied for the loan but when trying to access the page/Link to link my BVN,it doesn’t load the page.please help sir/ma.

  13. I applied for the household loan, but my phone was stolen and welcoming back of the Sim is difficult up to now, what would l do? Thanks.

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