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

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.