NYSC Business Loan 2022/2023 Application Form & Portal

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

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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

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:

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