The NYSC Foundation provides soft loans to support ex-corps members and those nearing the end of their service year in establishing small and medium-sized businesses.

Loan Details

Amount and Terms

1. Loan amount ranges between N300,000 to N400,000
2. Repayment period is 24 months with a 3-month grace period
3. Interest rate is 10% annually
4. One-time 5% administrative charge applies.

Eligibility Requirements
1. Must be a registered member of the NYSC Foundation
2. Registration fee is N1,000 for serving corps members
3. Ex-corps members pay N5,000 for registration.

Application Requirements

Required Documents
1. Application letter
2. Bankable business proposal/plan
3. Proof of Foundation membership (Membership ID Card).

Security Requirements
1. NYSC discharge certificate as collateral
2. Guarantor (civil servant not below grade level 12 or private sector equivalent).

Registration Process
To register as a member, payment should apply by visiting. portal.nyscfoundation.org.ng to make payment.

Business Proposal Tips
1. Proposals should be detailed and exceed one page
2. Focus on businesses that can become profitable within two years
3. Already running businesses have higher approval chances
The Foundation has recently demonstrated its commitment by disbursing multi-million naira soft loans to corps members, showing its ongoing effort to reduce youth unemployment and promote entrepreneurship among ex-corps members.

If you have purchased the Loan Application Form online, ensure you have met all the requirements and have all supporting documentation with you. Please wait for further announcement from the Secretariat of the Foundation.