NYSC Business Loan Application Form Direct Link 2021/2022

NYSC Business Loan Application Form Direct Link 2021/2022

If you are a serving member of the National Youth Service Corps (NYSC) or an ex Corper and you already have a running business or business idea looking for Federal Government Loan to boost or start-up your business, then this is an opportunity for you to apply for the ongoing NYSC Business Loan.

Before we continue, there are other Federal Government Loan programmes that are currently ongoing that can help you boost your business, kindly click HERE

This post contains NYSC Business Loan Application Form, how to apply/register for NYSC Business Loan Application Form and the requirements involves for a successful application online.

You may also want to read How To Easily Apply For NYSC Exemption Letter (Full Guide)

The National Youth Service Corps (NYSC) Business Loan was launched by CBN, through Heritage Bank, and in partnership with Youth Innovative Entrepreneurship Development Programme (YIEDP) to help graduates start a business, be self-employed, and to enable them to create employment opportunities for other people around them.

Requirements For The NYSC Business Loan Application

Below are the requirements applicants must meet to be eligible for this Loan:

• Only applicants between the ages of 18 and 35 can apply.
• Applicants must be serving corps members
• Ex corp members not more than five years of post NYSC can also apply for the loan.
• Present and have a business idea.

Available Business Sectors For The Loan

Below are the available business sectors an applicant must have an idea of in order to be eligible:

• 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.

Important Things to Note Before Applying

• 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 access 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.

Collateral for Obtaining NYSC Business Loan Application Form

As we all know, it’s a Loan and not Grant, which means beneficiaries will pay it back. The Heritage Bank NYSC loan scheme has made it compulsory that all applicants must provide the following documents:

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

You may also want to read EQUIP Youths And Women Empowerment Program 2021 – Apply Here

How to apply for NYSC Business Loan

All interested and qualified applicants are to follow the below steps

1. Visit https://www.hbng.com/tag/nysc/
2. Register by filling online form
3. Submit your application and wait for an official review from the Heritage Bank.
4. 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.

NYSC Business Loan Application Form Direct Link 2021/2022