SEIFAC Loan Disbursement May 2024 – Loan Documentation, Wallet Account Setup, and Disbursement Date

SEIFAC Loan Disbursement May 2024 – Loan Documentation, Wallet Account Setup, and Disbursement Date

SEIFAC loan registration 2024 has been ongoing for some time now and most interested and eligible candidates who read and followed our guide on SEIFAC registration 2024 have successfully submitted their applications and are now waiting for disbursement. This is why we will be discussing SEIFAC Loan disbursement 2024 with you in this post and also talk about the wallet account setup processes for those who are yet to do so. 

Read also: Specta loan

SEIFAC Loan Documentation 2024

If you are one of the few persons who completed your registration to become a member of SEIFAC, then here are the steps you are expected to follow to complete your documentation process. 

• Get your wallet account – SEIFAC recently announced the commencement of bulk wallet account opening by the Participating Financial Institution (PFI) Heritage Bank Plc who will send registered members (those who completed the registration form on their website) their SEIFAC Project Wallet Account number via SMS to the Phone Numbers used for registration on SEIFAC centralized, relational and scalable database.
• Make Initial deposit – after receiving your wallet account number, deposit N2,000(two thousand Naira) into your account to activate the account(I do advise a bank deposit with a deposit slip as proof of payment).
• Submit Payment Proof – after a successful deposit, take your proof of payment (as stated above) to the nearest SEIFAC Agent Location/LGA Desk Office/State Office. 
• Collect Loan Documentation Form – upon submission of your proof of payment, request the SEIFAC loan documentation form by paying the sum of N500(five hundred Naira). Complete the form, and submit it to the same office with accurate information. 

Note: Go with a valid passport, ID Card, and Wallet Account to be on the safe side, and don’t forget to note the crop choice you selected during your registration process and also the amount needed. 

The documentation process has already started and is expected to end soon. 

Read also: Nigeria Loans

What to do if you are yet to receive your Wallet Account

If you completed your membership registration but have yet to receive your wallet account, you can contact your nearest SEIFAC Agent Location/LGA Desk Office/State Office or you can call the headquarters on Phone: +234-813 238 5944 or send an Email to: [email protected]

Read also: SEIFAC Registration
Read also: Covid-19 Targeted Credit Facility Application 

SEIFAC Loan Disbursement May 2024

If you have completed your documentation, the next process is to wait for disbursement and this process is expected to commence after the 2024 documentation deadline. 

Although an official date has not been announced, the information we got said disbursement will commence sometime in July 2024 with an exact date not stated. 

During disbursement, members will receive their loan through their wallet account with the official Participating Financial Institution (PFI) Heritage Bank Plc. 

Note: you are strongly advised to keep your wallet account number to yourself and not make any payments to lobby to facilitate the process because the money you will receive is a loan and you are expected to pay it back in due time. 

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