Sat. Dec 10th, 2022

NYSC Foundation Loan? – Are you an ex-corps member or a serving corps member? Did you pay N500 for NYSC Foundation during your service year? Do you need a loan for your business or to start a new business? If yes, carefully read through because this post is for you.

In this post, you will get the latest update and information on how to Register and apply for the ongoing NYSC Foundation Loan.


NYSC Foundation is a non-governmental organization, established by former corps members who felt there is need to provide support for the continued healthy existence of NYSC scheme by empowering members and giving loan to those who needed financial assistance to help start up a small or medium scale business.

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NYSC foundation is basically for ex-corps members and corps members who are about to pass out from service. If you pay N500 to your LGI for NYSC Foundation and fill the membership form, then you are eligible to apply for this loan..

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When to apply for NYSC loan it is never too late to submit your proposal for NYSC foundation loan. You can submit anytime you’re ready with your proposal.


Loan are given to interested ex-corps members who have business ideas. The loan is payable


  • Application letter
  • A business proposal
  • Photocopies of evidence of being a registered member.
SNOptionNYSC Foundation  N400,000.00 maximum
1Moratorium (Grace Period)3 months
2Duration24 months
3EligibilityRegistered members of the Foundation
4Charges5% one-time administrative charge
5CollateralNYSC Discharge Certificate
6GuarantorNot below grade level 12 in a government establishment or its equivalent in the private sector

Note that all payments for foundation membership registration should be receipted and credited to the account below:

  • Account Name: NYSC foundation
  • Account No: 1011560875
  • Bank: Zenith Bank
  • Sort code: 057080015

Also, all letter of intent can be obtained at all nysc Secretariat are to be delivered to by NYSC foundation.


Do not submit a one paged proposal document. It must be well written and detailed
Don’t wrote business proposas on Busineses that will take long to mature onemake profit to repay in two years
If possible, wrote a proposal on existing business

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Interested applicants should submit their proposal at NYSC secretariate across Nigeria

For more information, visit NYSC Loan

Important Notes

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to this job.
  • They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
  • All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed
  • • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it. Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web
  • • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  • • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • • Applications submitted after the deadline will not be considered.
  • • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • • Only qualified candidates will be invited for interview
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