Central Bank of Nigeria (CBN) – NYSC Business Loan 2021. See How To Apply.
NYSC Business Loan 2021. See How To Apply.
We are pleased to inform the public and most importantly NYSC corp members that the portal for Nysc 2021 loan is officially open.
Interested corp members should carefully read through this post to know how to apply online.
How to Apply for NYSC Business Loan – 2021: Are you a serving corp member that have been looking for a business loan? if yes, then the NYSC Business loan is here to give all corps member who have applied for a loan to start up a business.
Apply; UPDATE: FG Reopens NYIF Loan Application Portal. Apply Now – If you are not Shortlisted.
How to Apply for NYSC Business Loan – 2021
The CBN has made it possible for youths to apply for loans in Nigeria to start businesses in order to create employment opportunities. This loan has been made possible through Heritage Bank, in partnership with Youth Innovative Entrepreneurship Development Programme. (YIEDP)
Individuals can apply for loans of up to 3 million, while a group of three to five persons can apply for loans of up to 10 Million. The following explains how you can apply for the NYSC loan.
How to know if you’re eligible for a NYSC loan?
In order to qualify for the NYSC loan, the following must apply to you.
- Only applicants within the ages of 18 and 35 can apply.
- Applicants must be serving corps members
- Ex corp members not more than five years of post NYSC can also apply for the loan.
- Present and have a business idea.
The loans are available to specific business sectors. The following listed fields are the qualified business sectors for the NYSC loan.
- Agro-allied
- Food Processing
- Power & Energy
- Film & Photography
- Manufacturing
- Cottage Industry
- Construction Support
- Technology (ICT)
- Automobile
- Education Financing
- Information and Communication Technology
- and other fields
Also Apply; National Housing Fund Scheme 2021. Apply Now – Own a House at your desired location
How to apply for NYSC loan
If you’re a serving corps member or an ex corp member of not more than five years, you can apply for the loan online.
- All qualified applicants can apply for the loan through the official portal.
- You’ll need to use your NYSC state code to apply for the loan.
- An individual is eligible for loans of up to three million
- A group application is eligible for loans of ten million.
- Applicants can only submit one business idea at a time.
- The application progress can be tracked through the portal.
What do you need to apply for NYSC loan?
Apart from meeting the above requirements to qualify for the NYSC loan, you need the following list of documents as collateral for the loan.
The Heritage Bank NYSC loan scheme requires the following documents as collateral to obtain the loan.
- Tertiary Institution Certificate
- NYSC discharge certificate or you pledge your discharge certificate if you’re still serving
- Any legal ownership of assets financed by other banks
The possibility of starting a business as a youth can be daunting without the required capital. The NYSC loan is a good scheme that youths can count on to generate the required funds for their business ideas.
Application Method;
Hope this information was helpful?
If you need us to help you with more verified and updated Information about the programme, feel free to ask questions using the comment box below.
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Important Notes
The above statements are intended to describe the general nature and level of work to be performed by people assigned to this job.
They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
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We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.
We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
Applications submitted after the deadline will not be considered.
Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
Only qualified candidates will be invited for interview
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