Heritage bank assists graduates with n200m facility

That's great news! Heritage Bank has indeed launched a facility to support graduates with a N200 million loan. This initiative is aimed at empowering young Nigerians who have just completed their tertiary education to start their own businesses or pursue their career goals.

The facility, which is part of the bank's efforts to promote entrepreneurship and economic development, offers a range of benefits to eligible graduates, including:

  1. Access to a N200 million loan facility at a competitive interest rate.
  2. A flexible repayment period of up to 5 years.
  3. No collateral requirement for the loan.
  4. A dedicated team to provide guidance and support throughout the loan application and repayment process.

To be eligible for the facility, graduates must meet certain criteria, including:

  1. Being a Nigerian citizen.
  2. Having a minimum of a second-class upper degree from a recognized university.
  3. Having a valid National Youth Service Corps (NYSC) discharge certificate.
  4. Having a business plan or a clear career goal.

Heritage Bank's initiative is a welcome development, as it provides a much-needed boost to the country's economy and helps to address the challenges faced by young Nigerians in accessing capital to start their own businesses or pursue their career goals.

It's worth noting that the facility is not limited to graduates of specific disciplines, and applications are open to graduates from various fields, including science, technology, engineering, and mathematics (STEM), arts, and humanities.

Overall, Heritage Bank's N200 million facility for graduates is a commendable initiative that demonstrates the bank's commitment to promoting entrepreneurship and economic development in Nigeria.