How To Apply For NYSC Business Loan

If you are a Corps member or Ex-corps member, NYSC can be your lucky ticket to get a loan from Central Bank of Nigeria, through Heritage Bank, in partnership with Youth Innovative Entrepreneurship Development Programme (YIEDP). In this post, you will learn how to apply for NYSC business loan for youths.

One of the majore reasons CBN gives loans to youths is to help them start a business that will generate income and create employment opportunities for people around them.

In this article, we will show you how to apply for NYSC business loan of up to N3million for individual, and up to N10million for group of 3-5 persons.

According to YIEDP, a youth can apply for a loan of up to N3 million. And a group of 3 to 5 persons can apply for loan up to N10 million.

SEE ALSO:  How To Get Car Loans In Nigeria Without Stress

The Eligibility For NYSC Loan

Those who are eligible to apply and get the loan are;

1. Applicant must be between the age bracket of 18 and 35 years,

2. Must be a serving Corps members, or

3. Ex-Corps members (but not more than 5 years after completion of NYSC),

4. Must have business idea.

SEE ALSO:  CBN promises seven years loans for Corps members

It is important to know that Heritage Bank has been chosen by the Central Bank of Nigeria to oversee YIEDP.

YIEDP is an innovative scheme aimed at harnessing the entrepreneurial skills amongst the teeming Nigerian youths by providing quick and affordable loans to help them implement their business ideas.

A single qualified applicant can get a loan of up to N3million, while group of 3-5 qualified applicants can get up to N10million.

Qualified Business Sectors For NYSC loan

For you to qualify for the loan, you will have a business or business ideas related to any of the following fields:

  • 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
  • Others
SEE ALSO:  Why you should accept N50k job offer after your NYSC


Nigerian youths who have served or are serving in NYSC can apply for the loan via online. If you are eligible to get this loan, then you needs to adhere to the following Instructions:

  • All eligible applicants can apply for the programme through the official portal.
  • To apply for this online loan in Nigeria, you have to use your NYSC State Code.
  • All applicants can make an individual NYSC loan request or as a group of 3-5 people
  • A single applicant can apply for a loan up to N3million.
  • A group application can access up to N10million.
  • Applicants can submit only one business idea at a time.
  • All applicants can track their application process through the same portal.

Collateral for obtaining the loan

According to the request of the Heritage Bank NYSC loan scheme, all applicants must provide the following list of documents:

  • Tertiary Institution Certificate,
  • NYSC discharge certificate or pledge your discharge certificate if you are still serving,
  • If you have a legal ownership of assets financed by other Bank, then you need to provide additional documents upon the request of the Heritage bank.

Note: The application portal will be opened for limited time period. You don’t need to be registered with the Corporate Affairs Commission. All successful candidates will be guided through the application process.

SEE ALSO:  How To Access Loan From CBN In Nigeria

How to apply for NYSC business loan

To apply for NYSC business loan, go to the official portal, register by filling online form, submit your application and wait for official review from the Heritage Bank. You will be contacted, and the money will be paid into your bank account if your application is approved. The whole registration process is free.

To apply for NYSC loan go to the official portal at

Updated: June 1, 2020 — 7:34 pm

The Author


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!


Add a Comment
  1. Mgbom uchenna Benard

    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

  2. Agboola Dare Emmanuel

    I need this loan, how can i register for it/

  3. Please is the portal still open for application

  4. Adoye Simon Agbomile

    How can we apply for the loan

  5. Nwankpa Enyinnaya Sunny

    Please sir is the website open now?

  6. Nwankpa enyinnaya sunny

    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

  7. Nwankpa Enyinnaya Sunny

    please when will this application start and the application website. Am into agro-allied

    1. We have shown you how to apply. The portal will open on 26 June

  8. 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.

  9. when does this program started, and when will it end?

  10. Ojabuno Efegomah

    I really do need a loan….am into production of liquid soap …hypo…etc

  11. 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.

    1. What is the interest rate like if any ??

  12. Can I go to heritage bank and apply for this loan?

  13. Damilare Oluwaseun Victoria

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

  14. 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??

  15. Aderemi oluwafemi

    Pls how can I login,the account is not opening sir

  16. Salvation Afemikhe

    Am interested, but the site is not working. How can I get access to this?

  17. Avbenake Rukewe Anthonia

    Am interested in the loan how can I apply?

  18. Lucia Tosin Olaberinjo

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

  19. Is a good innovation but the portal is not going through.

  20. Akpai Abdullahi

    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.

  21. Isiaka moruf temitope

    Am interested in the loan and how can apply for it please help me out with it

  22. 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

  23. Am interested in loan please help me to get it

  24. Am interested

  25. Iam also can apply

    1. I’m interested thanks


      Am also interested

  26. How can I access the NYSC CBN loan?

  27. 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?

  28. If the loan is truely giving to ex corpers or the existing ones it will really help

  29. 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?

  30. 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?

  31. How can someone get a current business plant?in Automobile.

  32. Odekunle titilayo

    How many months or years will it take before i pay off d loan and how will i return the money

    1. For CBN loan for Corpers, it is usually 7years

      1. Adegbami Olaoluwa

        How can I apply for the loan???

  33. Am also interested on the loan

  34. 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

  35. Please I am interested in this loan_____How should I go about it.
    Can’t access the portal.

  36. I started reading about serving corpers / Ex-corpers CBN loan scheme before going for NYSC but till now 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.

    1. Go to Heritage bank and make enquiries. You can also give us feedback after making the enquiries.

    2. How can I get this loan from CBN

  37. I need to no how to access this loan can you help me, please do.

  38. Mabinuori Babatunde

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

    1. I need your guidance in accessing the loan. The business field is agro Allied

  39. Am chinedu ifeoma precious how can I apply for the loan

    1. kamaldeen Abiodun

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

  40. is this site actually real?I really need loan for my automobile business

  41. FG is an advance yahoo yahoo ..legit

  42. Why do Fg keep promising and failing N.youth each minute and every sec.?

  43. Hi Am ibeh Blessing.l will like to make enquiry on how to apply on NYSC loan

  44. Am interested in the loan. But, I can’t access the site, what should I do?

  45. Good development In our dear country

  46. 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?

  47. 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?

  48. Idjedine Oghenero freedom

    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
    What do I do?

    1. Olalere olayemi khadijat

      Please l need it, how can I apply

      1. Please I also need thisloan How do I go about it

  49. I have clicked the link but it’s not opening for registration.

  50. Maryam Ibrahim magayaki

    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

  51. Please I need update concerning the loan.

  52. Abiodun Oluwamuyiwa Samuel

    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

  53. 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

  54. My name is haruna Bala usman I need and I 2019batch a

  55. 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..

  56. 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

  57. Please when will the portal open for this loan registeration?

    1. We don’t know yet. It can be any time, keep checking back to this site for latest updates

  58. Mohammed inuwa abdulkadir

    I need and I’m among batch a

  59. 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

  60. Ajoku Gloria Chiamaka

    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.


  61. 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.


  62. I will be very glad to be part of this program

  63. Adeagbo Monsurat Adebimpe

    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

    1. Emmanuel Christopher

      My Name is Corper, Emmanuel Christopher, I really need the Loan to start my business.

  64. Adediji Comfort Ene

    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

  65. Nura Salihu Ubandoma

    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

  66. 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

  67. oloyede oyewale toyin

    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.


    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 /

  69. Ibrahim Taofeek Kayode

    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

  70. Lukmon ahmed lekan

    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.

  71. Sadiya Abdullahi Elayo

    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 email and my contact.

  72. 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 iekpo80@gmail.Com.Thanks

  73. Aliyu Abdulkadir Toro

    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.

    1. 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, , Thank you.

  74. Adukwu favourite is my name please keep me informed

  75. Please am interested on the loan to start up my business

  76. Who will notify me when the site is up

  77. Iam Abdullahi Danbala,a graduate of English education from Abu Zaria.please notify me when it kick off

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

  79. Please I need a loan. I am a graduate. Studied Electrical Engineering.

  80. Pls,notify me when the application is on. I’m interested in the loan. Thanks in anticipation.

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

  82. 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.

  83. Am very much interested. Please keep me informed

  84. 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.

  85. Iye Joseph Yetunde

    I am interested pls

  86. ndukwe Samuel chigboo

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

  87. 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.

  88. 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..

    1. Hi
      Please have you been able to get the loan from anywhere? I’m also in need of a loan.. I’m presently serving in osun state

      1. Folawewo Zainab Aina

        am interested in the loan, help me with the site

    2. Adegoke Adewunmi i also study purchasing and supply and i finish in Kwara state polytechnic toooo.. Message me on WhatsApp pls 08121104169

  89. 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

    1. It is a technical issue. Give it some times

  90. I too need the loan.

  91. ikedinwa chisom victory

    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.

    1. Ogunleye oluwatobi

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

  92. when ate they start apply for the loan?

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

    1. Pls we are desperately in need of the loan as there’s no job after serving our dear country. Is the site closed or changed. Pls kindly let us know. I am done with service as I served in Edo State.

      1. Calm down, we will inform you when the site is active

  94. I’m interested please. Thanks

  95. Ohia Roseline Kelechi

    I have a business plan and I need money to fund it, I really need d loan plz tnx

  96. Am interested please

  97. Adeyanju Rafiat Adebimpe

    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

  98. 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.

  99. Oladipo Najeem Abimbola

    Thanks for the information, I pray to be among the chosen ones.

  100. Ejere Emenike ThankGOD

    How can one apply for the the loan??

  101. Nwafor Sopuruchi

    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?

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

      1. 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.

  102. Abdul-Azeez Zainab

    Please, what are the steps and guidelines to follow in order to get the business loan?

  103. How can i apply

  104. Jeremere Emmanuel

    How do I get the loan.what and what is needed for the that we can applied.

  105. The website for the loan application is not opening or has the application not yet started

  106. Abdulmalik mariyatu abdullahi

    Please how do I apply

  107. please I need the loan. I can even repay in less than two years.

  108. The website to apply for the CBN NYSC loan is not opening

  109. Iyere Osarhumhese Deborah

    Can I be given a machine loan for my business, just one machine will I go about it

  110. I want a loan.

  111. How do we apply

  112. I don’t have website

    1. obianika calistus

      Please I need the loan for my importation business.

  113. How will I apply because I’m still serving

  114. Notify me when the site start working

  115. I am Nigeria man in yobe state I graduated. in college of administration & business study I finish 2005 local government administration

  116. I want a loan money

  117. Good afternoon all..the site to apply is not opening for me…what should I do?

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

  119. Abdulrazaq Sani Ibrahim

    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

  120. I don’t possess my tertiary certificate yet but can I provide my statements of results??

  121. 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?

  122. Amiara Emmanuel Chidimma

    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.

  123. how to apply and at which rate of interest charges?

  124. 2016 batch are yet to collect the loan after all the hustles.
    Please how can they access it?

  125. Amina Yakubu Abdul

    Thank you For this opportunities

  126. Can a serving corp member apply?

  127. Nathaniel Kiyani Solomon

    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 .


    I’m really interested

  129. i just hope its for real.

  130. Ayuba, Nnohkira Dumwe

    This is a great plan to eradicates unemployment

  131. Thanks for this post.
    However, what is the interest rate on the loan and the maturity date?

    1. It a good opportunity to Nigerians in reduceing uneployment.

  132. Bashar Muhammad Yabo

    Can a 2013C who finished their service October 2014 be eligible?

    1. Please is there interest rate if yes, how much?
      What is the maturity date

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