How to Apply for the YouthCred Loan (₦100,000 – ₦150,000)

Eligibility Requirements

Applicants must meet the following criteria:

• Be a currently serving NYSC corps member.
• Be between 18 and 39 years old.
• The program is designed to support credit-building for Nigerian youth.
• Completion of SME project management training may be required.

Step 1: Complete Financial Literacy Training

Before applying, applicants must complete a mandatory digital training module. The module covers:

• Budgeting
• Credit management
• Credit scoring

Step 2: Register on the YouthCred Platform

• Visit www.youthcred.com
• Sign up with the following details:
  • Full name
  • Phone number
  • Email address
  • NYSC details
• Registration can also be completed via credicorp-register.ng

Step 3: Log In and Begin Application

• Log in to the YouthCred dashboard.
• Navigate to the “My Loans” or “Loans” section.
• Select the “Apply for Loan” option.

Step 4: Select Loan Terms

• Choose a loan amount between ₦100,000 and ₦150,000.
• Select a repayment schedule, typically structured in monthly installments during the NYSC service year.

Step 5: Submit Supporting Information

Applicants may be asked to provide the following:

• Purpose of the loan (e.g., relocation, business startup, personal expenses)
• Income details (e.g., NYSC monthly allowance, additional income)

Step 6: Identity Verification via Face Capture

• A brief face capture is required using a device camera.
• This step is used for biometric verification and takes a few seconds to complete.

Step 7: Submit Application

• Review all information for accuracy.
• Submit the application through the platform.
• Confirmation will be provided via the portal, email, or SMS.

Step 8: Loan Disbursement

• Upon approval, funds are disbursed to the applicant’s provided bank account.
• In most cases, disbursement occurs within minutes. Some cases may take several hours.

Repayment Process

• Repayments are typically auto-deducted from the NYSC monthly allowance.
• Manual repayment via bank transfer is also allowed.
• Early repayment is permitted without penalty.
• Late repayment may negatively affect credit history. Applicants should contact support if repayment becomes difficult.

Credit Building Benefits

• On-time repayment and completion of training modules contribute to building a positive credit score.
• A good credit history may improve eligibility for future loan programs.

Additional Information

• Interest rates are generally near single-digit.
• No collateral or guarantors are required.
• Inaccurate or false information can lead to delays or disqualification.
• Individuals not eligible for YouthCred (e.g., non-NYSC members) may consider other CREDICORP loan options, such as:
  • Accion Microfinance Bank
  • Fast Credit
    These programs are available to civil servants, teachers, and entrepreneurs.

Contact and Support

• Apply only through the official portal: www.youthtcred.com
• No application fees or third-party agents are involved.
• Official support channels:
  • Email: support@youthcred.com
  • Security concerns: security@youthcred.com