CBN loan for Corpers 2021 – How to Apply

Are you looking for Central Bank of Nigeria (CBN) loan opportunities for Corpers? If ‘yes’, you are on the right page. Here we will you CBN loan for Corpers which you can apply for. You can also apply for Nigeria Youth Investment Fund (NYIF) which is meant for all business oriented young Nigerians between the age of 30 and 35 years.

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. Also check out where to get lowest loan interest rates in Nigeria.

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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 available loans for Corpers this year.

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

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.

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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.”

Eligibility

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

  1. Applicants 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 for Corpers

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 can apply for CBN loan.

READ :  NYSC Trust Fund for Corps Members - All you need to know

To apply CIick Here to see guideline on how to submit your application. Congratulations in advance!

Updated: February 25, 2021 — 8:19 am

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Humphery

Humphery is a seasoned internet entrepreneur and a life coach. He has been the Nyscinfo ambassador since 2017. He is knowledgeable enough to guide you. Keep following this website for updates, we love you!