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How To Apply For NYSC Foundation Loan 2023

How To Apply For NYSC Foundation Loan 2023

How To Apply For NYSC Foundation Loan 2023: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 members and giving loans to those who needed financial help to start up a small, or a medium scale business.


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Who qualify to apply for the NYSC foundation loan


See this article: Dangote Refinery Recruitment Requirements,Qualifications, and Application Process 2023 



NYSC foundation is basically for ex-corp 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’s never too late to submit your proposal for the NYSC foundation loan. You can submit anytime you’re ready with your proposal. Check out how to apply for NYSC / CBN loans.



Requirements for NYSC foundation loan


See this article: Federal Civil Service Commission (FCSC) Recruitment Portal 2023 


 

  • Application letter

   • A business proposal

   • Photocopies of evidence of being a registered member.

   • The loan term is 2 years.

   • The amount is between 300,000 and N400,000.

   • The interest rate is 10% annually.

   • The collateral for the loan is your NYSC discharge certificate (if you’re still serving, you can pledge your NYSC discharge certificate)

   • A civil servant guarantor



Note that all payment for foundation membership registration should be receipted and credited to the following account;


   • Account Name: NYSC foundation


   • Account no: 1011560875


   • BANK: Zenith


   • Sort code: 057080015.


Also, copies of letter of intent which are obtainable at all NYSC Secretariats are to be delivered by NYSC Foundation.



How to apply for NYSC foundation loans


See this article: How To Change MTN Transfer Pin And Start Transfer Up To 20k  


To apply for this loan, interested applicants should submit their proposal to any nearest NYSC State Secretariat across Nigeria.

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