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How to apply for N100,000 Fidelity Bank NYSC loan 2024

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Fidelity Bank is thrilled to introduce the NYSC Loan, designed exclusively for you to address your financial needs instantly! Here’s everything you need to know:

Requirements & Eligibility:

  • Must be a serving corps member.
  • A credit check will be conducted.
  • Acceptance of the Terms & Conditions is mandatory.

Terms & Features: Personal Loan:

  • Loan amount: Up to N100,000.
  • Tenor: 10 months.
  • Management Fee: 1% (charged upfront).
  • Insurance Fee: 1% (charged upfront).
  • Interest Rate: 2% per month.

Payday Loan:

  • Loan amount: Up to N100,000.
  • Tenor: 30 days.
  • Interest and Fees: 1.95%.
  • Management Fee: 1.00% (flat).
  • Credit Life Insurance: 0.25% (flat).

Benefits:

  • Easy documentation process.
  • Quick processing time.
  • Instant disbursement directly into your account.
  • Self-liquidation option available.

Application Process:

Interested corps members can apply for the Fidelity NYSC Loan through the following steps:

  1. Online Application:

    • Complete and submit the application form available online.
  2. Branch Visit:

    • Visit the nearest Fidelity Bank branch.
    • Inquire about the NYSC Loan section or consult with a bank representative.
    • Obtain and complete the NYSC Loan application form.
    • Ensure all necessary documents, including proof of NYSC service and identification, are available.
    • Submit the application form and documents to the bank.
    • Consent to a credit check and agree to the loan’s Terms & Conditions.
    • Await approval and processing of the application.
    • Upon approval, funds will be directly deposited into the NYSC bank account.
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