NYSC Loan- Eligibility, Requirement And How To Apply 2023 Online

How can I apply for the National Youth Service Corps? in Nigeria, In this post more information will be detailed and spread to you.

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The National Youth Service Corps (NYSC) is a program set up by the Nigerian government during the military regime to involve Nigerian graduates in nation-building and the development of the country.

There is no military conscription in Nigeria, but since 1973 graduates of universities and later polytechnics have been required to take part in the National Youth Service Corps program for one year.

This is known as National Service Year. Ahmadu Ali served as the first Director-General of the NYSC until 1975. The incumbent Director-General is Yusha’u Dogara Ahmed.

The objectives of the National Youth Service Corps Program are as follows:

• To raise the moral tone of the Nigerian youths by giving them the opportunity to learn about higher ideals of national achievement, social and cultural improvement.
• To develop in the Nigerian youths the attitudes of mind, acquired through shared experience and suitable training. which will make them more amenable to mobilization in the national interest.
• To enable Nigerian youths to acquire the spirit of self-reliance by encouraging them to develop skills for self-employment.
• To contribute to the accelerated growth of the national economy.
• To develop common ties among the Nigerian youths and promote national unity and integration.
• To develop a sense of corporate existence and common destiny of the people of Nigeria.
• To inculcate discipline in Nigerian youths by instilling in them a tradition of industry at work, and of patriotic and loyal service to Nigeria in any situation they may find themselves.

In this post, we are going to describe to you: NYSC Loan- Eligibility, Requirement And How To Apply 2023 Online

The National Youth Service Corps (NYSC) loan is established for various financial institutions in order to offer start-up loans to corps members who are interested in obtaining or becoming business owners.

As a graduate, you can apply for a loan through the Youth Innovative Entrepreneurship Development Programme (YIEDP) to get up to 3 million nairas as an individual or up to 10 million as a group of 3 to 5 people through the NYSC loan program.

The Youth Innovative Entrepreneurship Development Programme (YIEDP) is a scheme aimed at fostering entrepreneurial skills among Nigerian youth by providing accessible loans to assist in the implementation of business ideas.

This guide will show you all about loans, NYSC Loan- Eligibility, Requirements, And How To Apply for 2023 Online.

How To Apply For NYSC Loan

Here are the types of loans you can apply for: Power & Energy, Film & Photography, Manufacturing, Cottage Industry, Agro-allied, Food Processing, Power and energy, Technology (ICT), Automobile, Education Financing, Construction Support, Information and Communication Technology, and much more.

If you to be eligible for National Youth Service Corps (NYSC) loan, here are the qualifications:

• You must be between the ages of 18 and 35.
• You must be an active serving corps member but if you are an Ex-corps member who has completed their service within the last, you can also apply.
• NYSC Certificate
• SAED Attestation Form
• Primary Place of Assignment (PPS) letter
• Letter of undertaking by a recognized NYSC staff
• One passport photograph with NYSC crested vest.
• Your NYSC ID card, State Code, and Call up Number.
• Candidates must have a business idea.
• You must have received a monthly allowance to confirm your presence in the service.

You can apply for the loan online through the official portal. These are what you need to know before submitting your form:

• Use your NYSC state code to apply for the loan.
• Only one business idea can be submitted per application.
• The application process can be tracked through the portal.
• You can confidently navigate the application process and take the first steps towards realizing your entrepreneurial dreams.

These are other loans, you can apply for as an NYSC:

• CBN Covid-19 Loan
• Federal GEEP Loan
• BOI/CBN Intervention Loan
• Survival Fund (MSMEs) Registration
• Nirsal CBN Loan
• NYIF Loan Application
• CBN TIES Loan
• CBN AGSMEIS Loan
• P-AADS Loan
• NEDIS Covid-19 Special Fund Loan
• NG CARES Covid-19 Loan
• SMEDAN Grant/Loan
• Npower NEXIT Loan

Collateral For Obtaining NYSC Loan?

To qualify, not only do you need to meet the requirements outlined earlier but also provide the following documents as collateral:

• Tertiary Institution Certificate.
• NYSC discharge certificate or a pledge of your discharge certificate if you are currently serving.
• Legal ownership of assets financed by other banks.

The Heritage Bank NYSC loan scheme requires these documents to secure the loan. Starting a business as a youth can be challenging without the necessary funding, but the NYSC loan is a viable option to obtain the necessary capital to turn your business ideas into reality.

How To Apply For NYSC/ YIEDP Business Loan Application

To apply online use this link: https://www.yiedp-hbng.com/ for a successful online application, please use your NYSC State Code.
Make an individual loan request or as a group of 3-5 people
Single applicants for NYSC/ YIEDP Business Loan Beneficiaries can access up to N3 million, while a group of applicants can access up to N10 million.

How To Apply For NYSC Loan With NYSC Loan USSD Code

For you to apply for NYSC loan, there are 3 ways which include:

How to apply for Loan using USSD Code – Offline with USSD Code:

Offline is the use of a Bank USSD code to access a loan from your NYSC monthly allowance bank. This requires no requirement to access this loan, but the loan must be collected within the service year. This loan amount ranges from 1,000 to 50,000 Naira only.

For example

• Access bank Nysc Loan Code is *901*11#
• Zenith Bank NYSC Loan Code is *966#
• UBA Bank NYSC Loan Code is *919*28#
• Keystone Bank NYSC Loan Code
• Union Bank NYSC Loan Code is *826*41#
• GTB Bank NYSC Loan Code is *737*51*51#
• First Bank NYSC Loan Code is *894*11#

Walk into the bank – Online NYSC loan

Below are the full list of banks for NYSC loan:

• Access Bank Plc
• Citibank Nigeria Limited
• Ecobank Nigeria Plc
• Fidelity Bank Plc
• First Bank Nigeria
• First City Monument Bank Plc
• Guaranty Trust Bank Plc
• Heritage Banking Company Ltd.
• Keystone Bank
• Polaris Bank
• Providus Bank
• Stanbic IBTC Bank Ltd.
• Standard Chartered Bank Nigeria Ltd.
• Sterling Bank Plc
• SunTrust Bank, Nigeria Limited
• Union Bank of Nigeria Plc
• United Bank For Africa Plc
• Unity Bank Plc
• Wema Bank Plc
• Zenith Bank Plc