Apply now for NYSC Trust Fund Application Form 2021/2022 for Corps Members in Nigeria. Application is opened for Serving Corps Members across Federal who wishes to get funds from National Youth Service Corp Management. Get started under.
Going for National Youth Service Corps (NYSC) nowadays comes with many opportunities. Besides the N33,000 Corps members monthly allowance, they have access to grants and loans, which would help start up a business after their service year.
NYSC Trust Fund
NYSC Graduate and Entrepreneurship Trust Fund Scheme is a brainchild of the Bank of Industry (BOI) in alliance with the National Youth Service Corps to offer business loans to serving Corps members.
If you want to apply and be selected for this loan, you must have partaken in the:
- Screening practice
- 4-day intensive training of GEF
- Submission of a feasible business plan within BOI’s policy. You can check on www.boi.ng.
Steps to apply for NYSC Trust Fund Loan
As an applicant, you stand to access up to N2 million at 9% interest per year, with loan tenures of 3 – 5years. The moratorium time is 6 months from loan payment.
Eligibility/requirements NYSC Trust Fund Application Form 2021/2022
Only serving Corps members are qualified for this loan.
What are the required documents for the documentation?
- Workable business plan
- Valid ID card
- Supporting NYSC documents
Collateral for NYSC Trust Fund
- NYSC certificate: undertaking will be signed by the NYSC Directorate to not release the certificate until loan is settled.
- One external guarantor who must be of: Level 7 civil servant, Banker (officer), Medical Doctor, Lawyer, Clergyman, Accountant, Elected public servant, Senior staff of reputable companies.
Steps to pay back NYSC Trust Fund Loan
The details about the repayment plan will be made available to you upon the approval of your loan application.
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