We present NNMFAug, a probabilistic framework to perform data augmentation for the task of knowledge graph completion to counter the problem of data scarcity, which can enhance the learning process of neural link predictors. Our method can generate potentially diverse triples with the advantage of being efficient and scalable as well as agnostic to the choice of the link prediction model and dataset used. Experiments and analysis done on popular models and benchmarks show that NNMFAug can bring notable improvements over the baselines.