NYIF loan application 2020/2021 online registration | Nigerian Youth Investment Fund Loan Application 2020. Do you wish to apply for NYIF Loan? Do you know the procedures? Would you like to see how to apply for Nigerian Youth Investment Fund Loan? If yes, then carefully read through this article to know the step by step application method for NYIF loan application.
The Federal Government of Nigeria announced a loan scheme to help empower youths and unemployed citizens. If you are currently unemployed but have a good business idea, grab this opportunity by following the step by step guide on how to apply for the Nigerian Youth Investment Fund Loan (NYIF).
NYIF Loan Application 2020
The Nigerian Youth Investment Fund Loan is not just for unemployed persons but also for SMEs, the aim of this loan is to reduce the high level of poverty in the country.
This loan scheme will last between 2020 and 2023 and it seeks to reach about Five Hundred Thousand (500,000) youths yearly.
The interest rate for this loan is just 5% for the three (3) years. The NYIF loan is very much accessible by anyone being that he or she has the criteria stated below.
The Federal Government implores applicants of this loan to see or value the loan scheme beyond money rather than build great ideas that will not only help you but the country at large.
See the requirements for Nigerian Youth Investment Fund (NYIF) below, endeavour to meet at least eighty percent (80%) of the requirements.
Requirements to Apply for NYIF Loan 2020
- Valuable and realizable business idea
- Your business must be registered with CAC
- This loan application is only for Nigerians
- Applicants must have guarantors
- Only persons between the age of eighteen (18) and thirty-five (35) can apply
- Applicant must have a valid means of identification
Feel free to apply for the NYIF loan as there will be nothing like “Man know Man”. All you need to do is to endeavour to meet the above requirements.
How to Apply for Nigerian Youth Investment Fund Loan Application
NYIF loan application form can be accessed through different means being empowered and monitored by the Central Bank of Nigeria (CBN).
- Micro Credit Organizations
- Organizations and Venture Capital Organizations.
Follow these procedures carefully to successfully access the NYIF loan 2020.