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Youth Investment Fund
NYIF Application Form 2020: Youth Investment Fund Application Form is out. NYIF Registration portal open for every Nigerian and now can apply for the NYIF Loan Application.
The loan application form clearly states the applicant’s information, the amount to be borrowed, the purpose of the loan, the interest rate and loan term.
NYIF Loan Application Form portal is now open and anyone who interested in this can apply online via NYIF Portal (www.nyif.nmfmb.com.ng).
Why do you have to know this? The reason is, getting here, Nigeria Youth Investment Fund online loan services are increasingly in demand.
NYIF applications can be made online on a smartphone. So that prospective debtors can apply for loans from anywhere and anytime. Without the need to come to the office.
The NYIF Loan Application process can be done in just a matter of minutes.
NYIF Application Form Requirements
- Your BVN
- Age requirements is 18 years and above
- You will provide your personal information
- Your Bank Account Number
- A valid means of identification such as ID
Aim and Benefits of Nigeria Youth Investment Fund
NYIF fund aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%.
GLOBAL LIMIT : N12.5 billion
FACILITY TYPE : Term Loan
SINGLE OBLIGOR LIMIT: Individual / Non registered Business: Up to #250.000.00 | Registered Businesses( Business Name, Limited liability/ Corporative Societies / Commodities Associations): Up to N3,000.000.00.
LOAN TENOR : Maximum of 5 years
MORATORIUM : Maximum of 12 months
Repayment Structure: Repayment will be on installment basis inline with businesses and NMFB evaluation.
How to Apply for NYIF Application Form
Application for Youth Investment Fund is sought through online, so it is very important for every candidate to know about it, there is only one way to fill online form through NYIF Portal.
Those who have to face many difficulties in filling online form, and have to take help of other people, how to fill online application form of NYIF? Telling you about this in detail on this page.
To apply online, you must have a computer or a smart mobile, and you must have a good internet connection, through which you can easily fill your NYIF application form.
- You have to go to the official portal – www.nyif.nmfmb.com.ng
- After opening the application form, fill the required information in it
- Submit the final form
- Now print it out and keep it safe with you