How to Apply for NYSC Business Loan (2024)

Are you a Member or Ex-member of the National Youth Service Corps (NYSC) seeking a government loan to kickstart a business? If so, this article provides a step-by-step guide on how to apply for the NYSC business loan in Nigeria. Read on to discover the eligibility criteria, benefits, and the application process. You may also like to know how to apply for NYSC foundation loan in Nigeria.

What is NYSC Loan?

The NYSC business loan is a unique opportunity facilitated by the Central Bank of Nigeria and Heritage Bank, in collaboration with the Youth Innovative Entrepreneurship Development Programme (YIEDP). This initiative aims to empower graduates by providing financial support to start businesses, fostering self-employment, and creating job opportunities.

Eligibility Criteria

To qualify for the NYSC business loan, applicants must meet the following criteria:

  • Age bracket of 18 to 35 years.
  • Serving Corps members or ex-Corps members (within 5 years of post NYSC).
  • Must have a feasible business idea.

Loan Amounts and Categories

Individual applicants can access up to N3 million, while a group of 3-5 applicants can apply for a loan of up to N10 million.

Eligible Business Sectors

The loan is available for businesses or business ideas in various sectors, including 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, and others.

Application Instructions

1. Apply through the official portal.

2. Use your NYSC State Code for the application.

3. Apply individually or as a group of 3-5 people.

4. Individual applicants can access up to N3 million, while groups can access up to N10 million.

5. Submit one business idea at a time.

6. Track your application process through the portal.

Collateral Requirements

Applicants must provide specific documents, including Tertiary Institution Certificate, NYSC discharge certificate, or a pledge if still serving, and additional documents if assets are financed by other banks.

Application Process

1. Visit the official portal: https://www.yiedp-hbng.com/

2. Register by filling out the online form.

3. Submit your application.

4. Await an official review from Heritage Bank.

5. Successful applicants will be contacted, and funds will be deposited into their bank accounts.

Conclusion

The NYSC business loan is a golden opportunity for young entrepreneurs to turn their business dreams into reality. Act now by visiting the official portal and applying for this transformative program.

Remember, the application process is free, and the portal will be open for a limited time. For more information, check out the NYSC Foundation Loan program. Seize the chance to kickstart your entrepreneurial journey.

258 thoughts on “How to Apply for NYSC Business Loan (2024)”

  1. Dear Heritage Bank
    Thanks for this opportunity given to the youth across Nigeria. We do appreciate it a lot
    We will always abide to the rules of the loan

    After reading the whole explanation and eligibility, I come to realize that there is link in the page to access the loan application form in other to process the loan application online. This loan will go a long way to help us. There are business ideas but no capital to bring it up. I have a business I am doing but it is not as I want it to be because of lack of capital. We will love this if you can help us with the loan to build it up and you will not regret doing this favour for the corpers and the ex-corpers

    If a link can be provided for us to apply, then it will be a great work you’ve done

    I look forward to your response on this

    Thanks
    Kind regards

    Reply
  2. I need this loan as to expand my food vendor business I have started already while serving,am a serving corps member

    Reply
  3. I need the loan to improve my business iam a caterer and also I have a terminal in my shop already but my capital is not sufficient for my customers

    Reply
    • My shout-out to you heritage bank for this opportunity given to the youths to start up or expand their business. I also need this loan to start up a pure water factoy. I have a piece of land in a very prominent position suitable for the business. How can I access your help?

      Reply
  4. Sir I want that loan, I want to start my business, my business is technology. Gaskiya if I get that loan I will gland. Of you sir

    Reply
  5. Good morning Sir. I’m really interested because I have knowledge on the Block industry which I have doing right now, but I need more capital to grow up, now I have everything and I producing the best, why I need more because of the price of the material now in this country, before Cement is 1700, per bag now is #3500, while Gas is #275, per liter, through these issue were not be able to improve the business. I’m a serving Corp member

    Reply
  6. I really need this loan, I’ve been trying to apply for it but to no avail. No body around me seems to have any idea on it please help me out

    Reply
  7. Good day. Please I will be so glad if I can get an opportunity to have this and start up my business. I have so much interest in venturing into Agriculture and I have a piece of land which is just money to grow it up that is delaying me. Please kindly help me to out in getting this loan. Thanks

    Reply
    • I’m an ex corps member I want to go into selling Pheng materials and ceramics tiles, marbles etc.,so I need the sum of N3m to run the business it’s a very lucrative business and the location is an area where there is no competition. I will be the only one selling in the district not too far from the Yenagoa metropolis.

      Reply
  8. I was really interested to have the opportunity to receive the loan so I can improve my own business,so I can became self dependent and with time I can employed other, please sir I am really interested, I am praying get this great opportunity, thank

    Reply
  9. Good morning, sir.
    Please I need the loan to improve my business. I will be happy if I get it.
    I promise I will pay back.
    Thank you sir, for accepting my request.

    Reply
    • I will be so glad if the loan is true,am into raw food business and also a serving corps member presently I tried to access the link but not accessible

      I will be grateful if federal government can be able to prove this opportunity to we the youth to be true

      Reply
  10. I learnt a trade after my NYSC last year, a building material business but start up capital is now my challenges how do I apply for the NYSC loan

    Reply
  11. Dis ple r just deceiving d youth, dey dnt av any money to lend out but dey av d money to be embezzle by dem self.
    Scatter Nigeria…..ish

    Reply
  12. Hello,I am a Fashion designer and am currently serving, I really need this loan to enable upgrade my sowing machines, and take my business to the nest level.

    Reply
  13. Is this LOAN real, if it is, nice one Fg. I deal with CARNEL, for the production of what we call groundnut oil, I need money raised the business

    Reply
  14. I am into buying and selling of goods please how can I apply for the NYSC loan to add to my little capital, I really need help financially. Am also a corper, am passing out october.

    Reply
  15. I want implement the ideas gain in SAED training on cosmetology only the capital is the problem. How can I get the loan

    Reply
  16. Please I need this loan, I served in 2017/18 up till now I am still unemployed. Please how can I go about this loan?

    Reply
  17. I am currently a farmer, farming rice and maize, I need the loan to expand my farm.
    Thank you.

    Reply
  18. The publisher of this news is a responsible fool. This is how u guyz confuse ppl, taken every single serious bizness for granted. How can u be joking with pple at dis critical tym wit a fake domain portal dt doesn’t exist. Zoo country with zoo mentality

    Reply
  19. Please will like to know the correct site/portal for application because the one (domain) provided in this publication is for sale.

    thanks.

    Reply
  20. I’m corper member now idow my servece I so more happy this loan,if I penish my servece I start pultry business in my area have you get shi loan.

    Reply
    • Is the loan accessible now if yes please let me know in other not fall into fraudsters I really need this loan

      Reply
  21. My name is mgbom uchenna Benard served at akwa ibom please I seriously need need this loan to start foodstuffs business and transportation business 08136021441,08106006122

    Reply
  22. Please where can i see the procedures for applying for the loan, as you said that you have shown us how to apply before? Best regards

    Reply
  23. What’s the commencement date for the loan application? Secondly, when is the deadline for the loan application? Let’s I forget, please what’s the link or website for registration? Thank you as I humbly wait for your response.

    Reply
  24. For North East indigenious corpers; Do not even try. This is not true, wallahi.
    And, even if you keep trying you are just deceiving yourself.

    Reply
  25. I’m an ex- corper , finished this year 19A .I’m really interested in the loan , I will so happy if granted !!

    Reply
  26. Yes I have idea on my business (communication centre) and am a serving corps member am interested in the loan how can I get it??

    Reply
  27. Am a corp member still serving. Please how can I get the loan? And am ready to meet all the criteria stated.

    Reply
  28. Sir I need the loan to start up my leather foot ware production, aside from heritage bank, which other banks are partnering directly with CBN. Please I need this loan, thanks.

    Reply
  29. I am interested in the loan in order to participate in the area of Agriculture as reason approaches. Though, I am an ex-corp member that completed the service in 2019

    Reply
  30. Please I am interested in the loan and it is urgent for me smto see, how can I apply for it, and when is it going to ready?

    Reply
  31. I am interested in the loan. i tried login to the main site but it is not active. How can i access the loan please?

    Reply
  32. Interesting, if really Corp members can access the loan it will assist and help this country to reduce the rate of poverty and unemployment. It’s welcoming development.
    …Please how can I apply for this loan?

    Reply
  33. My name is Alhaji jaudo Bose I’m graduated of management information technology I hope I get this loan I want to establish my business I’m a international business man. I supplying Gypsum from yobe state to Sokoto cement please I need you help me about my business I’m proud of business more than anything thanks. My number 07033361465 / 07067769976

    Reply
  34. I started reading about serving corpers / Ex-corpers CBN loan scheme before going for NYSC but till now yiedp-hbng.com/ is still not responding or should i just go to Heritage bank and make enquiry (ies)..
    God help us because i/most of us need the loan to start something real and profitable.

    Reply
  35. I tried checking the link, it’s not going through. I need the loan, kindly update me on the process of registration.

    Reply
    • Please I need a loan to esterblish a lucrative business in the field of agro allied my phone no: 08135298039

      Reply
  36. Hi, I have a business idea and I enquired from CBN for details about the loan, before applied for the said Loan since August yet nothing has been done. The loan is it real?

    Reply
  37. I am currently serving coper at kano state and I am interested for the loan, and I have the knowledge of computer/Agricultural how do I do pls?

    Reply
  38. I’m currently a serving Corps member in Nasarawa state. I’m interested in this loan and will want to be a beneficiary.I have good knowledge in agriculture and transportation which I’ll like to invest into if given the opportunity. But I can’t access the site now. http:www.yiedp-hbng
    com/
    What do I do?

    Reply
  39. My name is Maryam Ibrahim magayaki,am from Niger state,I schooled at Maryam abacha University Niger republic,l hope I get this loan,I want to establish my catering work and saleing of hand bags and shoes,so I can help my family and also those whom want to learn hand work.this is my number 08069405283

    Reply
  40. Hi sir,thanks for the information,but the website link to the loan application seems not correct as it diesel open in the browser,maybe you may please update thanks

    Reply
  41. My name is okoli Evangeline chiamaka, am from anambra state, I schooled at Niger state polytechnic zungerun bida,I hope I get this loan, I want to established my catering work and make up, so I can help my family and also those who want to learn hand work.this is my number 08120294801

    Reply
  42. I am batch c 2018 stream 1corp member, please I really need the loan to up build my business and to also help others by employment..

    Reply
  43. my name is Atane blessing from Edo state,a graduate of auchi polytechnic, Edo state,serve at ekiti.
    having little boutique business that I am managing at asaba and my saed are leathers work(shoes and bag making).
    I am interested with the loan to become a successful business man, please help me sir

    Reply
  44. My name is okeke chiamaka ifunanyachukwu from Anambra State a graduate of federal polytechnic oko Anambra State currently serving in Taraba state I am a business lady currently doing my business in kwara state but I am interested in the loan for me to boost my business to a better one sir please I need the loan
    Here is my mobile line 07019719911.08100553044

    Reply
  45. Am Ajoku Gloria Chiamaka, graduate of rivers state university currently serving in Anambra.
    Am interested in the loan to establish a business in order to make me become successful.

    07063281287

    Reply
  46. l am meti monday ukpeh

    from Akwa ibom state

    law graduate, and l have registered for NYSC SERVICE this year.

    l am interested in the loan.

    080210-92206

    Reply
  47. I am Adeagbo Monsurat Adebimpe from too state, a graduate of Ladoke Akintola University of technology Ogbomoso,Oyo state, served at katsina state.
    I am interested with the loan to become a successful business woman, please help me sir

    Reply
  48. I am Adediji Comfort Ene from benue State, a graduate of Federal University of Agriculture makurdi Benue . I studied chemistry, I served in Oyo State and passed out June 2019. I’m interested in the loan for my organic Skincare production….08108597660

    Reply
  49. Nura Salihu Ubandoma, a graduate from BAYERO UNIVERSITY KANO. I study MASS COMMUNICATION. I am currently selling MOTOCYCLE AND BYCICLE SPARE PARTS. I seriously need this LOAN. 08033385463

    Reply
  50. My name is Ojo michael,I am from Ondo stste,currently serving in river state.I have an Entrepreneur ing skill on Automobile.I will like to take this loan to Open my own workshop.please I need a good reliable way of getting this loan.thank

    Reply
  51. oloyede oyewale toyin am from kw’st federal polythenic offa i’m currnt batch member of NYSC 2019/2020 i have interest to collect laon during my service in other to meet livestock farming project please assist me to get the laon so that i can be financially independent and to be self employed and self reliance.

    Reply
  52. I am Akinola Ayomide Isaac,a graduate of University of Nigeria, Nsukka. I studied political science and I learned tailoring work as well. Pls I’m interested in obtaining the loan. 08164610283 / [email protected]

    Reply
  53. I am Ibrahim Taofeek Kayode a graduate of federal cooperative college Kaduna studied cooperative economic and management serving in Kaduna now am interesting in the loan contact phone number 08036391001 email address [email protected]

    Reply
  54. My name is Lukmon Ahmed Lekan, a graduate of The polytechnic, of Ibadan studied Slt(applied Chemistry) currently serving in Ekiti state, Am also interested in loan to help me in my production of paint.

    Reply
  55. My name is sadiya Abdullahi Elayo.please I’m also interested for the loan. I graduated from nasarawa State University.I finished serving in June 2019 i read business administration and i want to comence business on my own. Please help me sir.my email and my contact. [email protected]

    Reply
  56. Please am interested with the loan . Am idongesit I ndiok, I passed out last year July uptil now am not working , I graduated in 2016 in chemistry. Please notify me through my phone number and my email 07055976836 [email protected]

    Reply
  57. Hi I am Aliyu Abdulkadir Toro, a graduate of Abubakar tafawa Balewa University, Bauchi. I studied Agricultural Economic and Extension, presently serving in Edo state. I am also interested with the loan to improve my farming activities.

    Reply
    • I am Salaudeen Abdulhamid Adebayo from Oyo State, a graduate of University of Ilorin, Ilorin, Kwara State, served at Katsina State.
      I am interested in a food processing business.
      Please notify me via my mail, [email protected] , Thank you.

      Reply
  58. My name is amusa abosede comfort a graduate of ekiti state university, study pure science, am intrested for the loan

    Reply
  59. What’s the interest rate?
    Moratorium period?
    I recently got a loan from CBN through NIRSAL MICROFINANCE BANK

    Reply
  60. Hi, my name is TSADO IDRIS I graduated from Ibrahim Badamasi Babangida University Lapai, I studied geography. Iam correctly serving in Kaduna State,Iam also interested on the loan to establish a block industry I have been working with them for 6 years now.

    Reply
  61. Folorunso Bayode

    I am a graduate of Rufus Giwa Polytechnic Owo,am interested in the loan please link me up when it's about to start.

    Reply
  62. Am Ndukwe Samuel chigboromkpa.a graduate of Applied physics of Michael okpara university of Agriculture umudike….am so much interested In the loan…

    Reply
  63. Am a graduate of Pure Chemistry from Usmanu Danfodiyo University Sokoto.Am highly interested in this patnership Loan and presently serving in Ogun State a batch C corps members.

    Reply
  64. Good afternoon, my name is Adegoke Adewunmi. I am a graduate of kwara state polytechnic, I studied purchasing and supply. I am presently serving in Taraba state. Am interested in requesting for loan.

    Kindly notify me when the site is on. Thanks in anticipation..

    Reply
  65. Good day Sir. Sir the side is no longer going.I want know weather you closed it for now or not.thank you for given us the opportunity Sir. Have a nice day ahead

    Reply
  66. Am a graduate of Delta state university abraka, I studied integrated science education, am a photographer, I need to loan to enhance my photography business. My Business name is BEE2PHOTOGRAPHY.

    Reply
    • Am a graduate of Ekiti state university. Am interested in this loan, please notify me when it start.

      Reply
  67. I’m a graduate of accounting from Fed Poly Bauchi, I’m interested for the loan. please inform me with any latest. thanks sir.

    Reply
  68. Please…i need a full details on how to apply for this loan.. I just finished my nysc and I need a loan to start up my business

    Reply
  69. Please am looking for a way and how to apply this loan now and I wan to know the exactly time they will star the application, also pls I really wan u to inform me on time through DM, nums 07066107160 that is my nums ,I have a business idea and business plan sir as well u can sent me ur center pls so we can talk on phone.

    Reply
  70. Thank you very much, sir. From your post, you said serving Corp members can as well access the loan. Secondly, you added discharge later as part of the requirements. My question now is how can a serving Corp member who has not completed his service year get a discharge later?

    Reply
    • You will pledge your discharge certificate, so that immediately you complete your service, your discharge certificate will be transferred to the bank by NYSC.

      Reply
      • Please am looking for a way and how to apply this loan now and I wan to know the exactly time they will star the application, also pls I really wan u to inform me on time through DM, nums 07066107160 that is my nums ,I have a business idea and business plan sir as well u can sent me ur center pls so we can talk on phone.

        Reply
  71. Can I be given a machine loan for my business, just one machine left.how will I go about it

    Reply
  72. I am Nigeria man in yobe state I graduated. in college of administration & business study I finish 2005 h.n.d.in local government administration

    Reply
  73. I am a graduate of mass communication and self employed (professional photographer) looking for empowerment

    Reply
  74. Hello!
    I would be very grateful if you will be alerting me on any recruitment job. Especially for a well paid agencies, parasitatal, etc.
    Thank you a trillion times

    Reply
  75. What is the interest rate and someone comment that he applied since 2015 the loan has not been given to him, so how long does it take to get the loan, and you made mention of institution certificate and NYSC discharge certificate, so are we given them out till the duration of the seven years before we can get them back?

    Reply
  76. If this is accessible, it would go a long way empowering many citizens and as well reduce the rate of unemployment. NYSC has good initiatives but I don’t actually know where the problem is.

    Reply
  77. Is it my original cert am given as collateral ? What is my faith for appointment or work please .or is it the photocopy you need .

    Reply

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