The Fidelity Bank NYSC Loan is a financial service provided by Fidelity Bank Plc specifically designed for serving members of the National Youth Service Corps (NYSC).
It allows eligible corps members to access instant loans disbursed into their NYSC bank accounts to meet their financial needs. The loan features include easy documentation, quick processing time, instant disbursement, and self-liquidation options.
In a bid to fulfill Corps members’ personal goals, Fidelity Bank Plc has launched the NYSC loan facility. The bank has made it possible for serving members of the National Youth Service Corps (NYSC) to apply and get instant loans disbursed into their NYSC bank accounts to meet their financial needs.
Requirements / Eligibility
Here are the requirements:
- Applicant must be a serving corps member
- Credit check will be conducted
- Must accept the Terms & Conditions
Loan Features
The Fidelity NYSC Loan consists of Personal and PayDay loans:
Personal Loan (up to N100,000)
- Tenor – 10 months
- Management Fee – 1% chargeable upfront
- Insurance Fee – 1% chargeable upfront
- Interest Rate – 2% p.m
PayDay Loan (up to N100,000)
- Tenor – 30 days
- Interest and Fees – 1.95%
- Management Fee – 1.00% flat
- Credit Life Insurance – 0.25% flat
- Easy documentation
- Quick processing time
- Instant disbursement
- Self-liquidation
Fidelity Bank NYSC Loan Application Form
Are you interested in the Fidelity NYSC Loan? Kindly click here to fill and submit the application form.
Alternatively;
Eligible serving members of the National Youth Service Corps (NYSC) can follow these steps:
1. Visit the Fidelity Bank branch.
2. Locate the NYSC Loan section or inquire with a bank representative.
3. Obtain and fill out the NYSC Loan application form.
4. Ensure all required documentation is complete and accurate, including proof of NYSC service and identification.
5. Submit the application form along with the necessary documents to the bank.
6. Agree to undergo a credit check and accept the Terms & Conditions of the loan.
7. Await approval and processing of the loan application.
8. Upon approval, funds will be disbursed directly into the applicant’s NYSC bank account.
9. Utilize the loan amount for the intended purposes outlined in the loan agreement.
10. Repay the loan according to the specified terms and conditions, including any applicable interest and fees.
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