How to apply for bank loan

Sterling Bank is giving out 3 to 10 million naira loan to corps members, through the scheme, Youth Innovative Entrepreneurship (YIEDP).

The sheme is designed at harnessing the latent entrepreneurial spirit among the youths by providing timely and affordable loans to implement their business ideas.

Eligibility

1. Youths between the age bracket (18 - 35) are eligible.

2. Serving Corps Members and
Ex-Corps Members (must not be more than 5 years he/she completed hus/her NYSC) are eligible

3. Qualified Business:
Only applicants under these sectors are eligible.
  • Agro-Allied
  • Food Processing / Preservation
  • Arts & Crafts
  • Manufacturing / Cottage Industry
  • Information & Communication Technology (ICT).
  • Construction Support
  • Power & Energy
  • Education & Financial Inclusion
  • Film & Photography
  • Automobile
NOTE: Eligible youth can apply for the loan through the Sterling Bank official portal.

Security: A Graduate Entrepreneurs willing to take this loan shall use his/her tertiary institution certificate and their NYSC discharge certificate as collateral.
Serving Corp members will pledge their NYSC discharge certificate and their tertiary institution certificates. To apply, use this link https://www.sterlingbankng.com/yedp/apply.php

No comments:

Post a Comment