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NYIF Loan Discussion Thread - Business (93) - Nairaland 56116a

NYIF Loan Discussion Thread (257519 Views)

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m6tem: 9:17pm On Apr 12, 2022
InvestmentMood:
Unable to send the email successfully, the scanned offer letter is bouncing back. As their inbox is full.
Below is what I received. Who else is experiencing same.

I got the same error too while trying to submit
Emacodon: 10:33pm On Apr 12, 2022
InvestmentMood:
Thanks man. God bless you abundantly!
pls help me send the doc to [email protected]
Jusmaloop: 10:56pm On Apr 12, 2022
Twelve30:


Check the image I ed. I calculated it using 3 years (i.e. 36 months) which is the tenor in my own case. So my monthly repayments should be around NGN7492.72. Do the maths

Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.
Obere4u: 11:29pm On Apr 12, 2022
akolat:

Repayment is after a year. The number of years depends on you.
OK. Thanks a lot
Harrykaey: 12:33am On Apr 13, 2022
My offer letter doesnt have an approved amount. I'm in the category of SME. How do I know my approved amount pls
seanaddy(m): 12:47am On Apr 13, 2022
felaliveson:


No vex jare grin, you don’t need Nirsal microfinance bank in this case (NYIF) but rather NPF microfinance bank is in charge of the loan beneficiaries data collection, disbursement and repayment…


……

Thanks Boss. I have only opened with NPFMFb but have not applied for anything yet. Will look into it now.
opeyemhy02(m): 6:40am On Apr 13, 2022
Harrykaey:
My offer letter doesnt have an approved amount. I'm in the category of SME. How do I know my approved amount pls

Check your email spam messages
opeyemhy02(m): 6:47am On Apr 13, 2022
Jusmaloop:


Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.

You are right 15% interest for 250,000=37,500 total amount to payback =287,500
Amount to be paid monthly =7986.11
felaliveson: 7:37am On Apr 13, 2022
seanaddy:


Thanks Boss. I have only opened with NPFMFb but have not applied for anything yet. Will look into it now.

Lol, do you mean you opened NPFMFb without being a successful beneficiary or getting any approval email ?


Capable11(m): 7:53am On Apr 13, 2022
Good morning pals, can someone be kind to share the offer letter with me.
My email address is [email protected].
Cheers.
luckyjacob: 8:00am On Apr 13, 2022
Please help any alternative in sending the mail its bouncing back
Twelve30(m): 8:20am On Apr 13, 2022
Alert don dey drop
Jina24(f): 8:27am On Apr 13, 2022
Can someone please help send the offer letter to me please. [email protected]
Emmyreal4(m): 8:34am On Apr 13, 2022
Twelve30:
Alert don dey drop
for where
Twelve30(m): 8:46am On Apr 13, 2022
Jusmaloop:


Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.

Yeh!!! Egbami shocked
Oya now no wahala, we mueve. I hope say they'll use their brain to understand say na mistake I do.

Thank you bruv
Emmyreal4(m): 8:47am On Apr 13, 2022
Twelve30:


Yeh!!! Egbami shocked
Oya now no wahala, we mueve. I hope say they'll use their brain to understand say na mistake I do.

Thank you bruv
where u see alert?
Capable11(m): 8:57am On Apr 13, 2022
goldendessy:

Sent
Kindly share the offer letter with plz
[email protected]
opeyemhy02(m): 9:05am On Apr 13, 2022
Capable11:

Kindly share the offer letter with plz
[email protected]

Sent
Capable11(m): 9:10am On Apr 13, 2022
opeyemhy02:


Sent
Thanks bro, but what you sent is not the letter, its the link which is not opening.
Twelve30(m): 9:16am On Apr 13, 2022
Capable11:

Thanks bro, but what you sent is not the letter, its the link which is not opening.

I've sent it
Twelve30(m): 9:18am On Apr 13, 2022
Emmyreal4:
where u see alert?

See am, this morning

Capable11(m): 9:25am On Apr 13, 2022
Twelve30:


I've sent it
Well received, thanks so much
azelab: 9:27am On Apr 13, 2022
Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

[email protected]

Thanks
azelab: 9:38am On Apr 13, 2022
Capable11:

Well received, thanks so much

Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

[email protected]

Thanks
azelab: 9:39am On Apr 13, 2022
Twelve30:


See am, this morning

Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

[email protected]

Thanks
azelab: 9:40am On Apr 13, 2022
Twelve30:


See am, this morning
Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

[email protected]

Thanks
Emmyreal4(m): 9:40am On Apr 13, 2022
azelab:


Please pals I need the loan offer letter document as the link they sent to me is not going through.....

Please A good Samaritan should assist me to send it to my email at

[email protected]

Thanks
sent
Jina24(f): 9:43am On Apr 13, 2022
Emmyreal4:
sent

Please am you send to me [email protected]
Emmyreal4(m): 9:47am On Apr 13, 2022
Jina24:


Please am you send to me [email protected]
sent
Jina24(f): 9:54am On Apr 13, 2022
Emmyreal4:
sent
Thanks
akolat(m): 10:54am On Apr 13, 2022
Jusmaloop:


Bro, you are wrong o.
The 5% interest is paid per annum (that's per year). Hence, the more the number of years you chose the more interest your loan will attract.
Since you have chosen 3 years after your moratorium period, that means your loan will accrue an interst of (5% x 3yrs) 15%. Therefore, for your N250,000, you shall repay ((N250,000 + 15% interest)/36months) N7,986.11 each month for 3 years after your moratorium period.
Regards to the offer letter...What is the amount to be stated as the repayment amount? Is it the amount to be repaid monthly or the total sum to be repaid back within the loan tenor
akolat(m): 11:08am On Apr 13, 2022
Twelve30:


See am, this morning
Was it after you completed your offer letter yesterday?

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