Features

Facility AmountMaximum loan amount is N60,000
Tenor3 – 10 months
RepaymentEqual monthly installment of principal and interest over the tenor of the facility and shall not exceed 33.3% of Corps member’s monthly allowance
Support/ComportCorps member’s allowance must be domiciled with the Bank
Interest RateCompetitive

Benefits

  • Corps members get the mobile device with a flexible repayment plan
  • It allows Corp members more information, knowledge and acquisition of skills

What you’ll need?

  • Completed Application Form
  • Employer Undertaking Form
  • Domiciliation of NYSC allowance with the Bank
  • All applications to be completed during the NYSC orientation activities