Skip to main content

ARE YOU BROKE? APPLY FOR NYSC LOAN TODAY FOR FREE

By


If you are a Corps member or Ex-corps member, NYSC can be your lucky ticket to get a loan from Central Bank of Nigeria, through  Heritage Bank, in partnership with Youth Innovative Entrepreneurship Development Programme (YIEDP). In this post, you will learn how to apply for NYSC business loan for youths.

 One of the majore reasons CBN gives loans to youths is to help them start a business that will generate income and create employment opportunities for people around them.
In this article, we will show you how to apply for NYSC business loan of up to N3million for individual, and up to N10million for group of 3-5 persons.

 According to YIEDP, a youth can apply for a loan of up to N3 million. And a group of 3 to 5 persons can apply for loan up to N10 million.
THE ELIGIBILITY FOR NYSC LOAN
Those who are eligible to apply and get the loan are;

 1. Applicant must be between the age bracket of 18 and 35 years,

 2. Must be a serving Corps members, or

 Ex-Corps members (but not more than 5 years after completion of NYSC),
Must have business idea.

 It is important to know that Heritage Bank has been chosen by the Central Bank of Nigeria to oversee YIEDP.

 YIEDP is an innovative scheme aimed at harnessing the entrepreneurial skills amongst the teeming Nigerian youths by providing quick and affordable loans to help them implement their business ideas.

 A single qualified applicant can get a loan of up to N3million, while group of 3-5 qualified applicants can get up to N10million.

 Qualified Business Sectors For NYSC loan
For you to qualify for the loan, you will have a business or business ideas related to any of the following fields:

 Agro-allied
Technology (ICT)
Automobile
Power & Energy
Film and Photography
Construction Support
Education and Financing,
Food Processing,
Information and Communication Technology(ICT)
Manufacturing
Cottage Industry
Others

 INSTRUCTIONS
Nigerian youths who have served or are serving in NYSC can apply for the loan via online. If you are eligible to get this loan, then you needs to adhere to the following Instructions:

 All eligible applicants can apply for the programme through the official portal.
To apply for this online loan in Nigeria, you have to use your NYSC State Code.
All applicants can make an individual NYSC loan request or as a group of 3-5 people
A single applicant can apply for a loan up to N3million.
A group application can access up to N10million.
Applicants can submit only one business idea at a time.
All applicants can track their application process through the same portal.
Collateral for obtaining the loan
According to the request of the Heritage Bank NYSC loan scheme, all applicants must provide the following list of documents:

 Tertiary Institution Certificate,
NYSC discharge certificate or pledge your discharge certificate if you are still serving,

 If you have a legal ownership of assets financed by other Bank, then you need to provide additional documents upon the request of the Heritage bank.

 Note: The application portal will be opened for limited time period. You don’t need to be registered with the Corporate Affairs Commission. All successful candidates will be guided through the application process.

 How to apply for NYSC business loan
To apply for NYSC business loan, go to the official portal, register by filling online form, submit your application and wait for official review from the Heritage Bank. You will be contacted, and the money will be paid into your bank account if your application is approved. The whole registration process is free.

 To apply for NYSC loan go to the official portal at http://www.yiedp-hbng.com/

Comments

Post a Comment

Popular posts from this blog

What N-power is all about; Application and Registration

By
N-POWER~ Skills and knowledge are the driving forces of economic growth and social development. Despite the current high level of unemployment, harnessing Nigeria’s young demography through appropriate skill development efforts provides an opportunity to achieve inclusion and productivity within the country. Large-scale skill development is the main policy thrust of the N-Power Programme. N-Power is also linked to the Federal Government’s policies in the economic, employment and social development arenas. N-Power addresses the challenge of youth unemployment by providing a structure for large scale and relevant work skills acquisition and development while linking its core and outcomes to fixing inadequate public services and stimulating the larger economy. The modular programmes under N-Power will ensure that each participant will learn and practice most of what is necessary to find or create work. The N-Power Volunteer Corp involves a massive deployment of 500,000 trained gradu
Post a Comment
Read more

What NYSC Members Want To Do To Buhari For Paying N33,000 Allowance

By
A Corps Member has been reported to have offered  President Muhammadu Buhari  another term in office for increasing their monthly allowance to N33,000. This was disclosed on Friday by  Bashir Ahmad , Personal Assistant on new media to President Buhari. Ahmad had however gone ahead to reject the offer on behalf of the president, reiterating that Buhari will not stay in office beyond May 29, 2023, when his second term in office as constitutionally allowed will expire. Bashir Ahmad ✔ @BashirAhmaad HILARIOUS! After # NYSCAlert , this Corper wrote on his Facebook that someone should help him ask President Buhari if he’d like to go for 4th term, Baba should just say what he wants, Corpers will deliver for him. Anyway, Baba’s 2nd and last tenure will end on May 29, 2023. 2,549 13:18 - 31 Jan 2020 Twitter Ads information and privacy 813 people are talking about this Meanwhile, the Minister of Youths and Sports Developm
Post a Comment
Read more

NYSC Member Joins Boko Haram and Rejects Freedom (Photo)

By
A former member of the  National Youth Service Corps  (NYSC) has reportedly turned down negotiation attempts to free him from Boko Haram terrorists. The ex-corps member, identified as  Abraham Amuta  made his stance known to negotiators who went to the Sambisa Forest to secure his release. Naija News  understands that the Benue-born Amuta has also renounced his Christian faith and is now a member of the  Boko Haram  sect. Abraham Amuta in his NYSC uniform He told negotiators who went to the Sambisa Forest to secure his release yesterday to go back home, Daily Trust reported. Amuta was participating in the compulsory one-year NYSC scheme for Nigerian graduates in Borno State when he was abducted on 10 April, 2019 on Gwoza-Maiduguri road while he was heading to Chibok to deliver humanitarian assistance. The ex-corps member was travelling alongside a 58-year-old man,  Pastor Moses Oyeleke  of the Living Faith Church in Maiduguri and few others, including a schoolgirl,
Post a Comment
Read more