NYIF Loan APR at 5%: How to Check Nigerian Youth Investment Fund Loan Status

NYIF Disbursement Begins: In cooperation with the Central Bank of Nigeria (CBN) and the Nirsal microfinance bank, the federal government began approving NYIF loans to applicants once they were partially completed.

The Nigerian Youth Investment Fund (NYIF), set up last year by the federal government to support young Nigerian entrepreneurs looking to start their own businesses, was set up to approve loans for successful candidates.

Applicants who have successfully completed online entrepreneurship training should take the following steps to check the status of their loan:

• Applicants are to Visit the NYIF Link Address - https://nyif.nmfb.com.ng/
• Provide your login details in the NYIF dashboard(Username and Password).
• Click on Check Loan Status.

A diaglog box will appear showing your loan status if approved or still pending.

NOTE: NYIF is initiative by the Federal government to invest in the innovation skills and enterprise of young Nigerians. The loan has a single digit APR at 5% and a moratorium of 12 months before repayment. Nigeria Youth Investment Fund was approved by Federal Executive Council in July 2020