– CBN loan for Corpers 2020
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.
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.”
Below are categories of people who are eligible to apply for CBN loan for Corpers:
- You must be between the age of 18 and 35 years;
Must be a Corps member, or ex-Corps members but not more than 5 years of post NYSC;
You must have a business idea in any of the following sectors:
- Information & Communication Technology, ICT
- Power & Energy
- Film and Photography
- Food Processing,
- 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!