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.

The reason CBN gives loans to Nigerian youths is to help them start a business that will generate income and create employment opportunities for those around them.

I’ll 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 Nigerian youths can apply for a loan of up to N3 million.

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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.

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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
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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:

  1. Tertiary Institution Certificate,

  2. NYSC discharge certificate or pledge your discharge certificate if you are still serving,

  3. 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.

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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: September 1, 2019 — 2:36 pm

The Author


I'm a webmaster, a blogger and an internet entrepreneur by the mind. I graduated from Nnamdi Azikiwe University, served Nigeria in 2016 as NYSC member. Feel free to contact me if you need my assistance.


Add a Comment
  1. 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

  2. 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

  3. 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

  4. 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 / [email protected]

  6. 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 [email protected]

  7. 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.

  8. 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. [email protected]

  9. 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 [email protected]

  10. 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, [email protected] , Thank you.

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