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    Home » NYSC Business Loan 2022/2023 Application Form & Portal

    NYSC Business Loan 2022/2023 Application Form & Portal

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    NYSC Business Loan 2022/2023 Application Form & Portal – Apply for NYSC business loan for National Youth Service Corps(NYSC).

    We advise you to go through every detail here to stay informed and subscribe to our NYSC news update; this has helped a great number of our subscribers( about 80%).

    We assure you that after this post you won’t have to worry about nysc frequently asked questions like;

    • Can I use my NYSC certificate to get a loan?
    • How do I apply for Yiedp?

    This NYSC loan

    Contents

    • 1 NYSC Business Loan Eligibility Requirements
    • 2 What is YIEDP?
    • 3 How Much is NYSC Business Loan?
    • 4 How to Apply for NYSC business loan?
    • 5 What are the Collateral for Obtaining the Loan
    • 6 Want Latest Updates Like This?
      • 6.1 Disclaimer:

    NYSC Business Loan Eligibility Requirements

    Before you apply for this loan, there are eligibility requirements that you must fulfill and we have listed them below;

    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 a business idea.

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

    Note: You don’t need to be registered with the Corporate Affairs Commission.

    What is YIEDP?

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

    How Much is NYSC Business Loan?

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

    How to Apply for NYSC business loan?

    • To apply for NYSC business loan, go to the official portal.
    • Register by filling an online form.
    • Submit your application and wait for an official review from the Heritage Bank.
    • Then 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.

    What are the 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 as collateral for getting the YIEDP Loans 2021;

    1. Tertiary Institution Certificate,
    2. NYSC discharge certificate or pledge your discharge certificate if you are still serving,
    3. If you have legal ownership of assets financed by other Bank, then you need to provide additional documents upon the request of the Heritage bank.

    Final Note:

    What’s your take on this? If you have any questions to ask or contributions to make, you can use the comment box below.

    Also, we believe this article was helpful, if yes, don’t hesitate to use our share button. Sharing is caring.

    MUST-READ:

    • NYSC Pre-Camp Verification Exercise Date
    • NYSC Registration
    • How to Print NYSC Batch C Call-Up Letter Online
    • NYSC Exclusion Letter Registration
    • portal.nysc.org.ng | Login NYSC Candidates Dashboard
    • NYSC Monthly Clearance | How Can I Do My NYSC Monthly Clearance?
    • NYSC Portal Login | How to Login NYSC Dashboard

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    Hope this article was helpful?

    Please leave your questions in the comment section below.

    Disclaimer:

    Careersafrik is NOT the official NYSC page. This is only a one-page summarized information page. While we endeavor to keep the information up to date and correct, information may change at any time without notice. For complete and updated information, please always refer to the official website of the host/official page. Please read our Terms of Use for more information.

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