CBN loan for Corpers 2020 – How To Apply

– CBN loan for Corpers 2020

Cbn loan for Corpers

Over the years, the Central Bank of Nigeria (CBN) and other institutions provide soft loans to assist Nigerian youths. One interesting thing about the CBN loans is that the interest rate is very low.

However, corpers and ex-Corpers can use National Youth Service Corps (NYSC) as a cover to get this CBN loan. So, we will look at the CBN loan for Corpers 2020/2021.

Recall that CBN recently announced plans to offer loans to NYSC members to start up business.

SEE ALSO:  How To Access Loan From CBN In Nigeria (2020)

The CBN Governor, Godwin Emefiele is making arrangement to start giving loans to corps members. According to the CBN Governor, the loan will be repaid in 7 years.

Below is what Bashir Ahmad, media aide to President Muhammadu wrote on his official Twitter handle.

“The CBN Governor, Godwin Emefiele discloses that the Bank has completed arrangements to offer loans to NYSC members to commence small and medium scale enterprises.

“The loan which is conceived out of the need to reduce unemployment rate in the country will be repaid in 7 years.”

SEE ALSO:  How To Apply For NYSC Business Loan (2021)


Below are categories of people who are eligible to apply for CBN loan for Corpers:

  1. You must be between the age of 18 and 35 years;

  2. Must be a Corps member, or ex-Corps members but not more than 5 years of post NYSC;

  3. You must have a business idea in any of the following sectors:

  • Agriculture
  • Information & Communication Technology, ICT
  • Automobile
  • Power & Energy
  • Film and Photography
  • Food Processing,
  • Manufacturing
  • Cottage Industry, and others.

How to apply for CBN loan

Are you a serving corps member or ex-corper member? Do you have a business idea that you need money to execute? If yes, then rejoice.

I will show yoy how to apply for CBN loan. But instead of repeating myself, I will direct you to a page where the step by step application procedures are clearly stated.

CIick Here to see how to apply!

Updated: January 2, 2020 — 6:31 pm


Add a Comment
  1. Pis sir I how apple

  2. Adewumi oluwaseun Opeyemi

    I need this loan, can someone please help me out

    1. Adewumi oluwaseun Opeyemi

      Please how do I apply for this loan

  3. Azor chidimma Pauline

    Am interested in the loan how can apply I want to start up a business

  4. Please I am a poor man I need to stater a business

  5. how i can get loan

  6. Pls sir I need the loan to start up my business thanks

  7. I’m OGUNLADE SEUN,am interested in taking the loan, I am serving corper….pls,how do I get the loan?

  8. Avbenake Rukewe Anthonia

    Please how do I access the loan,I need it for my farm business,but the site is not working

  9. Salman Abdulfatai

    Sir! How can we get the loan, I’m a experience Aluminium Fabricator, and I want to invest to build my work to a standard firm, please sir how can I get the loan

    1. I need it for my business

  10. I’m serving right now and I also have a business plan, how I’m I going to obtain the loan

  11. I’m experienced working poultry farm catfish for alot years and i want to make it up to start my business can i loan million…

  12. Pls the site isn’t loading..
    Is there a particular time or period we can apply?

  13. I have a good business plan about agriculture, I want to execute but I don’t have money please help me a better loan

  14. Am in need of the loan, I just past out of service 31st October 2019. How can I apply for the loan?

  15. I am an ex Corp member, am interested in the loan, how can I access the loan?

  16. I just finish serving in kwara state, I am interested in the loan and I have a business idea.

  17. Sadanu ABDURRASHID Abdu

    I want to be a farmer

  18. Am interested in the loan, how do I access it?

  19. Pls sir,how can I get this loan ?

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