NYSC Foundation Loan | Application Portal For Ex or Serving Corp Member.

NYSC Foundation is a non-governmental organization, established by former corps members who felt there is need to provide support for the continued healthy existence of NYSC scheme by empowering membwrs and giving loan to those who needed financial assistance to help start up a small or medium scale business.

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The NYSC Foundation Loan is for serving and non saving corps members.

Qualification

NYSC foundation is basically for ex-corps members and corps members who are about to pass out from service. If you pay N500 to your LGI for NYSC Foundation and fill the membership form, then you are eligible to apply for this loan..

When to apply for NYSC loan it is never too late to submit your proposal for NYSC foundation loan. You can submit anytime you’re ready with your proposal.

HOW IT WORKS?

Loan are given to interested ex-corps members who have business ideas. The loan is payable.

• Application letter
• A business proposal
• Photocopies of evidence of being a registered member.

SN	Option	NYSC Foundation N400,000.00 maximum
1	Moratorium (Grace Period)	3 months
2	Duration	24 months
3	Eligibility	Registered members of the Foundation
4	Charges	5% one-time administrative charge
5	Collateral	NYSC Discharge Certificate
6	Guarantor	Not below grade level 12 in a government establishment or its equivalent in the private sector

All payments for foundation membership registration should be receipted and credited to the account below:

1. Account Name: NYSC foundation
2. Account No: 1011560875
3. Bank: Zenith Bank
4. Sort code: 057080015

TIPS TO SECURE THE LOAN:

• Do not submit a one paged proposal document. It must be well written and detailed
• Don’t wrote business proposas on Busineses that will take long to mature onemake profit to repay in two years
• If possible, wrote a proposal on existing business. Also read Startup for Development Incubation Program 2021 for Nigerian Youths

NYSC Foundation Loan How To Apply:

Interested applicants should submit their proposal at NYSC secretariate across Nigeria

For more information, visit https://nyscfoundation.org.ng

 

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