Fidelity NYSC Loan
Fulfil your personal goals with our NYSC Loan
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Fidelity NYSC Loan
The Bank has made it possible for serving members of the National Youth Service Corps (NYSC) to apply and get instant loans disbursed into their accounts to meet their financial needs.
Requirement & Eligibility
Must be a serving corps member
Credit check will be conducted
Must accept the T&Cs
Terms & Features
The Fidelity NYSC Loan consists of Personal and Payday loans:
Tenor – 10 months
Management Fee – 1% chargeable upfront
Insurance Fee – 1% chargeable upfront
Interest Rate – 2% p.m.
Tenor – 30 days
Interest and Fees – 1.95%.
Management Fee – 1.00% flat
Credit Life Insurance – 0.25% flat
Easy documentation
Quick processing time
Instant disbursement
Self-liquidation
Channels
USSD - *770*08#
Ivy
Other information
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FAQs
It is a digital loan targeted at salary earners who meets the Bank’s eligibility criteria.
12 months
Request is made by dialing the USSD code *770*08#
You can get Up to 40% of net Annual salary subject to a maximum of N5m
Interest rate is 2% per month or 24% per annum, Management Fee of 1% and Insurance Fee of 1.5%
Yes. Customers are at liberty to pay off their facility at their convenience
You can liquidate by dialing the USSD code *770*08# and select pay loan option
If your salary is processed via Remita, Tenece, E-tranzact, veripay you can apply for a Personal loan. Please note that you need to open a Fidelity bank account for the loan to be disbursed.
More from Fidelity NYSC Loan
Requirement & Eligibility
Terms & Features
Channels
Other Bank Customers
Get Started
FAQs
Terms & Conditions
For more information on the T&Cs, click here