A personal loan to help you through the service year.
NYSC Advance is a time loan accessible to NYSC Corp Members.
N150,000
Up to 6 months.
2% per month.
No fees applicable.
USSD and Internet Banking.
Active youth corps members receiving their allawee with GTBank.
You become eligible for NYSC Advance after receiving the first allowance.
No.
You become eligible for NYSC Advance after receiving the first allowance.
Yes, however:
1. You must have completely paid off the previous loan (including interest).
2. You must still be an active serving Corp member.
3. The loan available will be subject to the outstanding number of months in the
service year.
| Definition of terms | |
|---|---|
| The Borrower: | Serving National Youth Service Corp members |
| Lender: | Guaranty Trust Bank Limited |
| Facility Type: | NYSC Advance |
| Loan Amount: | ₦5,000 to ₦150,000 |
| Interest Rate: | 2% per month |
| Tenor: | Maximum of 6 months (To terminate 2 months before completion of service year) |
| Repayment: | Equal monthly repayment of principal and interest |
| Fees: | Insurance fee - 1% |
| Security: | Domiciliation of NYSC salary allowances |
| Additional Comfort: | Executed Global Standing Instruction mandate leveraging BVN |