How to Apply for NYSC Business Loan 2021-2022; Application Form Link Portal

Are You a Corp member currently serving the nation? if yes, then be inform that the National Youth Service scheme,(NYSC) has open the Buisness loan application portal for serving Corp members to apply. You can get access to loan of about N3 million. See more details below on how to apply.

How to Apply for NYSC Business Loan 2021-2022; Application Form Link Portal

Please note that the NYSC Business Loan Application Form Link Portal for all Serving Corps Members and ex-Corp members who also wishes to apply, can do so for the ongoing NYSC Business Loan Application Form via online. Am pleased to inform you about the ongoing exercise for the 2021/2022 NYSC Business Loan Application Form for interested applicants.

The loan opportunity is only available for Corps member or an ex Corps member looking for a loan to start up a business in Nigeria. Towards the end of this classic article, you will see how to access and apply for the NYSC business loan in Nigeria, either as a corps member or ex Corps member.

Also note that, the National Youth Service Corps (NYSC) can be your lucky ticket to get a loan from the Central Bank of Nigeria (CBN), through Heritage Bank, in partnership with Youth Innovative Entrepreneurship Development Programme (YIEDP).

The major reasons the CBN gives loans to graduates is to help them start a business, be self employed, and to be enable to create employment opportunities for others.

According to YIEDP, a youth can apply for a loan of up to N3 million, and a group of 3 – 5 persons can apply for a loan of up to N10 million.

See Eligibility/Requirements for the NYSC Business Loan Application Form 2021/2022

Inorder to be qualified for the Business Loan, you must meet some criteria, which I have underline below.

  • Applicants must be between the age bracket of 18 and 35 years,
  • Must be a serving Corps members, or ex-Corps members (but not over 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 YIEDP and partner the programme.

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

Other Business Sectors who can apply for this Loan

To be eligible as a Business owner for this Business Loan, you must have a business or business ideas related in 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.

More ever, 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 need 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, use your NYSC State Code.
  • All applicants can make an individual loan request or as a group of 3-5 people
  • A single applicant can acess up to N3million, while a group of applicants 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.

See the Collateral for Obtaining NYSC Business Loan Application Form 2021

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.

How to apply for NYSC Business Loan Application Form 2021-2022

Apply online here  www.hbng.com/tag/nysc/

  1. Register by filling online form
  2. Submit your application and wait for official review from the Heritage Bank.
  3. 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.

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