₦airaland Forum

Nope why will I pay interest to tinubus government
The ones they’ve been looting are they paying interest to Nigerians?

Hez143:
I can't seem to get beyond this second quiz,the bank widget page is not coming up!!

I wonder how he did his own, this is what it has been showing for days now

psalmsjob:
Plenty special things about this youth credit if you have brains

Firstly, it is 2 percent interest rate to pay back on the loan if you apply as self employed person no loan app or bank can give you that rate assuming you know what that means

Secondly, there are 3 broad categories to apply with; as unemployed, employed and self employed person meaning competition to get approval assuming you know where you belong

Thirdly, you get an amount that an "AI" assesses you to be able to pay back based on your account history so not a human analysis that requires a human intervention assuming you are supporting a self centered politican who does not give a shishi about you or has a counter program to this other than "I will do something"

Fourthly, you are expected to use this money to yield some passive income as unemployed, employed or self-employed person so much that you use and repay and recollect to rerun and upgrade yourself that's what japa lifestyle is about not to collect it to drink Hero beer or play betting or buy data to support Bitter Obi for nothing they assume you're a responsible person that would not think of failing to pay back loan with consequences that will not take ypu to Sokoto prison

Should i go on and on how it is special or do you need ideas of what you can do with equivalent of $150 to $350 per 90 days repayment? Assuming you are too busy with using your brain to hate and find faults with President Tinubu

Person wey get head no get cap while person wey no get head get cap....irony of life....or should i use shoe and wrist watch instead so you can relate it with your tribal and religious champion who once lied so?

If dey check serial loan defaulters by geographical location now, am sure ur village ppl nahim full there pass.

yemre:
So, to you now, he empowerment is a waste! I just don't understand what you people want exactly!

I'm not surprised. You people don't even know what you want! Only to complain, complain and complain about everything. Cho cho cho is your hobby.

The wife gave money to petty traders to invest in petty things like akara, etc, you people cried that she asked you to be selling akara. Ok, the husband has now said,take loan, do what you want with it and pay back in three months and you're already crying that he should have bought tractors and ask people to go into farming!

Is it everyone that wants to farm? What exactly do you people want? Smh

If what I wrote comes across to you as destructive criticism, then you should habe a second look at yourself. I clearly acknowledged that the government's intention was good. I merely suggested an approach the government could use to distinguish between people who simply criticize but not ready to work and those who are genuinely willing to be productive.
I only used agriculture an example, I never said agriculture should be the only sector the government should support. My point was that instead of handing out cash that could easily be diverted to nonproductive uses, the government should provide support in forms that are directly tied to productive activities. How is that a complaint?
If you're not comfortable with people expressing opinions that differ from yours, then a public forum probably isn't the right place for you to be. Public discussions naturally involve different perspectives, its not on me that you have low tolerance for different shades of opinion.

I’ve been trapped here since last year at step 2

YoobaNesan:
I applied on July 23, as I saw the thread here on Nairaland with same thought as many Doubting Thomases that it's an audio loan, APC members loan, election bribe loan, you have to know someone that knows someone to get it, infact the first and most liked comment of that thread was 'if you've never benefitted from any of these grants/loans from FG click like'.

But I'm here to clear your doubt that it's far from that and it was an easy-peasy without needing anyone or agent to get but just following simple instructions and providing your correct details.

I first sing-up with my basic info like name, mail, number, NIN on app.youthcred.com

It has 3 tiers;

For Youth Corpers
For Employed Youth
For Entrepreneurs/Self-employed Youth

I applied as an entrpreneur/self-employed youth.

I got a confirmation mail on July 30, that my application has been approved!

Now, this is where the main processes began.

It has 5 stages/level from 0 - 5 and all stages are accessibble from your dashboard.

Stage 0 & 1, you answer basic financial questions relating to loans and your experience around credits, banks, lenders & repayments.

Stage 2, you provide your business details, address, business name, number (just put a random number that follows the format) etc.

Stage 3, you link your bank details with BVN and supply your 1yr account statements.
Ths is where the crux of the matter is, it's your 1yr account statements that determines the amount of loan you'll get, in my case #233k maximum, which I took all.
You keep trying/refreshing as this may take time before it reflects.

Stage 4, you set-up your automatic debit repayment link, here you send #50 from your account to theirs for confirmation.

Stage 5, I got the loan today Aug 3!

The loan comes with. just 2% interest rate, 233k to pay back 247k over 3 months, difference of roughly 20k, all administrative charges inclusive.

Also, they have a responsive customer support at; support@youthcred.com

Disclaimer; I'm neither a card carrying member of APC nor their supporter but just a Nigerian and this ain't an approval for Tinubu or APC government but just a confirmation that you can apply for any FG schemes, loans, grants, jobs & opportunities without knowing any OGA at the top and got selected.

MAY GOD BLESS NIGERIA!

I was stuck at the Pin entry. How did you pass that stage. Though, I have lay complains to them and they asked me to make use of a laptop system which I did but still get error of pin.

YoobaNesan:
I applied on July 23, as I saw the thread here on Nairaland with same thought as many Doubting Thomases that it's an audio loan, APC members loan, election bribe loan, you have to know someone that knows someone to get it, infact the first and most liked comment of that thread was 'if you've never benefitted from any of these grants/loans from FG click like'.

But I'm here to clear your doubt that it's far from that and it was an easy-peasy without needing anyone or agent to get but just following simple instructions and providing your correct details.

I first sing-up with my basic info like name, mail, number, NIN on app.youthcred.com

It has 3 tiers;

For Youth Corpers
For Employed Youth
For Entrepreneurs/Self-employed Youth

I applied as an entrpreneur/self-employed youth.

I got a confirmation mail on July 30, that my application has been approved!

Now, this is where the main processes began.

It has 5 stages/level from 0 - 5 and all stages are accessibble from your dashboard.

Stage 0 & 1, you answer basic financial questions relating to loans and your experience around credits, banks, lenders & repayments.

Stage 2, you provide your business details, address, business name, number (just put a random number that follows the format) etc.

Stage 3, you link your bank details with BVN and supply your 1yr account statements.
Ths is where the crux of the matter is, it's your 1yr account statements that determines the amount of loan you'll get, in my case #233k maximum, which I took all.
You keep trying/refreshing as this may take time before it reflects.

Stage 4, you set-up your automatic debit repayment link, here you send #50 from your account to theirs for confirmation.

Stage 5, I got the loan today Aug 3!

The loan comes with. just 2% interest rate, 233k to pay back 247k over 3 months, difference of roughly 20k, all administrative charges inclusive.

Also, they have a responsive customer support at; support@youthcred.com

Disclaimer; I'm neither a card carrying member of APC nor their supporter but just a Nigerian and this ain't an approval for Tinubu or APC government but just a confirmation that you can apply for any FG schemes, loans, grants, jobs & opportunities without knowing any OGA at the top and got selected.

MAY GOD BLESS NIGERIA!

I have been stuck here for days.

YoobaNesan:
I applied on July 23, as I saw the thread here on Nairaland with same thought as many Doubting Thomases that it's an audio loan, APC members loan, election bribe loan, you have to know someone that knows someone to get it, infact the first and most liked comment of that thread was 'if you've never benefitted from any of these grants/loans from FG click like'.

But I'm here to clear your doubt that it's far from that and it was an easy-peasy without needing anyone or agent to get but just following simple instructions and providing your correct details.

I first sing-up with my basic info like name, mail, number, NIN on app.youthcred.com

It has 3 tiers;

For Youth Corpers
For Employed Youth
For Entrepreneurs/Self-employed Youth

I applied as an entrpreneur/self-employed youth.

I got a confirmation mail on July 30, that my application has been approved!

Now, this is where the main processes began.

It has 5 stages/level from 0 - 5 and all stages are accessibble from your dashboard.

Stage 0 & 1, you answer basic financial questions relating to loans and your experience around credits, banks, lenders & repayments.

Stage 2, you provide your business details, address, business name, number (just put a random number that follows the format) etc.

Stage 3, you link your bank details with BVN and supply your 1yr account statements.
Ths is where the crux of the matter is, it's your 1yr account statements that determines the amount of loan you'll get, in my case #233k maximum, which I took all.
You keep trying/refreshing as this may take time before it reflects.

Stage 4, you set-up your automatic debit repayment link, here you send #50 from your account to theirs for confirmation.

Stage 5, I got the loan today Aug 3!

The loan comes with. just 2% interest rate, 233k to pay back 247k over 3 months, difference of roughly 20k, all administrative charges inclusive.

Also, they have a responsive customer support at; support@youthcred.com

Disclaimer; I'm neither a card carrying member of APC nor their supporter but just a Nigerian and this ain't an approval for Tinubu or APC government but just a confirmation that you can apply for any FG schemes, loans, grants, jobs & opportunities without knowing any OGA at the top and got selected.

MAY GOD BLESS NIGERIA!

According to your BVN and NIN how old are you, am asking because i saw 18-39. so i want to check if they actually check age through BVN ans NIN

Kukutente23:
Congrats
But how do you intend to pay back 247k under 3 months
Your business is expected to generate 100% returns in 3 months?
Are you into ponzi?

kids too plenty for this nairaland.

Kukutente23:
Congrats
But how do you intend to pay back 247k under 3 months
Your business is expected to generate 100% returns in 3 months?
Are you into ponzi?

kids too plenty for this site

KosiGee:
There’s really nothing so special to celebrate about securing a N500,000 loan from the federal government or a N233,000 loan to pay back N247,000. It should be the other way round. Fed govt should be celebrating people who pick up these loans. It’s the government that’ll reap the reward more.

You can secure better figures from family members who’d lend you such amount without asking for interests.

to pay back 247k in 3 months
Likes he's into ponzi to Generate that kind of amount in just 3 months

Kukutente23:
Congrats
But how do you intend to pay back 247k under 3 months
Your business is expected to generate 100% returns in 3 months?
Are you into ponzi?

that time limit is just too short

Kukutente23:
But this is not the first time FG is giving out loans or grants for small businesses
Why do you feel the need to clear people's bias
The important thing should be the workability and sustainability of the loan
Giving a business a loan with a payback of 3 months seems very unreasonable except they don't really expect them to pay back

people pay back 2m naira loan with 5% monthly interest rate in 6month, and if u have a business or self employed, you cant pay 247k loan back in 3month?. Wait before I go any further, let me first ask if you are a kid, or you are a responsible man who earn a living and take care of families legally? Bcus I dont like to waste my breath

It's a loan...you'll pay back.
What's the fuss all about?

Gbadugbakun:
Dear data boy, it's a loan. He's expected to pay back or else any account his bvn is linked to would be auto debited once it exceeds his due date.

Is there any special about that.

So you were expecting FREE MONEY??

Lazy youth!!!

That’s a very good one.. commendable by the FG

I can see these new initiatives by the current Finance Minister

Every economy grows when MSMEs are supported and funded with little interest

Lol.. do people listen to those LOSERS? Ofcourse intelligent people don’t..

I call them Losers.. since they don’t want progress of others!

PDPdestroyer:
Obidients will be very sad with this development.

PS: if you listen to Obidients, many opportunities will pass you by. I stopped taking them seriously the day I caught my Obidient neighbour secretly applying for NELFUND after coming on nairaland to make disparaging comments about it. Theirs is to make negative comments about every government policy, it’s left for you to use your 🧠 to see where you fit in

Bluntemperor:
Congratulations,Bro.👏🎉👍.
When we say it severally - STOP 🛑 listening to the Social - Media -Crowd ,
For you should try Every Information and Confirm the Genuineness !
This Tinubu's Govt-is doing somethings Right ▶️,but some People Are Too Bitter, Hateful and Full of Bigots and Falsehoods.

Gbam!

Lekan239:
kids too plenty for this nairaland.

^^^
He has asked a legitimate question. It has nothing to do with being a kid.

Lekan239:
people pay back 2m naira loan with 5% monthly interest rate in 6month, and if u have a business or self employed, you cant pay 247k loan back in 3month?. Wait before I go any further, let me first ask if you are a kid, or you are a responsible man who earn a living and take care of families legally? Bcus I dont like to waste my breath

^^^
Drop the insults and deal with the numbers.

What is the annual interest rate on a N2 million facility with a half year tenor - that charges you 5% monthly interest - as in the example you gave above?

This talk about kids and responsible men isn't relevant.

psalmsjob:
Plenty special things about this youth credit if you have brains

^^^
Indeed.

No kidding.

psalmsjob:
Firstly, it is 2 percent interest rate to pay back on the loan if you apply as self employed person no loan app or bank can give you that rate assuming you know what that means

^^^
You didn't state whether the 2% interest rate is a daily, monthly, annual or hourly rate. This is incredibly important and you said nothing about it.

psalmsjob:
Fourthly, you are expected to use this money to yield some passive income as unemployed, employed or self-employed person so much that you use and repay and recollect to rerun and upgrade yourself that's what japa lifestyle is about not to collect it to drink Hero beer or play betting or buy data to support Bitter Obi for nothing they assume you're a responsible person that would not think of failing to pay back loan with consequences that will not take ypu to Sokoto prison

Should i go on and on how it is special or do you need ideas of what you can do with equivalent of $150 to $350 per 90 days repayment? Assuming you are too busy with using your brain to hate and find faults with President Tinubu

^^^
You can't be taken seriously after this.

The sad thing is that some people will get into trouble after taking these loans - if the Yooba Nesan guy's example is the norm. A 36% annual interest rate isn't a good deal for young people just starting out.

PDPdestroyer:
Obidients will be very sad with this development.

PS: if you listen to Obidients, many opportunities will pass you by. I stopped taking them seriously the day I caught my Obidient neighbour secretly applying for NELFUND after coming on nairaland to make disparaging comments about it. Theirs is to make negative comments about every government policy, it’s left for you to use your 🧠 to see where you fit in

^^^
Stop this nonsense.

We are dealing with numbers here and numbers don't give hiding space for mischief.

A 36% annual interest rate on a government facility for youth entrepreneurs is not a good deal.

Bluntemperor:
Congratulations,Bro.👏🎉👍.
When we say it severally - STOP 🛑 listening to the Social - Media -Crowd ,
For you should try Every Information and Confirm the Genuineness !
This Tinubu's Govt-is doing somethings Right ▶️,but some People Are Too Bitter, Hateful and Full of Bigots and Falsehoods.

^^^
No.

A 36% annual interest rate (for financially vulnerable members of the population) is no deal.

YoobaNesan:
i don't even need the loan, I just applied to clear people's biases about FG grants/loans.

^^^
The interest rate is 2% per month. In your example it comes down to 36% per annum if we annualize the numbers. That isn't a good deal for a youth entrepreneur just starting out.

weststoner:
500k but waiting on them to disburse

You said 233,000 now you’re saying 500k.

My friend sent same to me that I should apply. I’ve applied since over 2weeks now, no confirmation yet. I Dey fear o.

They asked for my bvn and nin. Omo if not that I trust my friend I won’t apply when I saw bvn and nin needed.

Ademat7:
Since Jul 23rd I’ve not heard from them

Me too. And I already sent me bvn . Hmmm

Ademat7:
Same issue I’m facing,after signup and acknowledge email of my registration I couldn’t login sef.

I think they have to send you a confirmation later first before you can login

chudez0147:
I think they have to send you a confirmation later first before you can login

Alright,thanks.

Lekan239:
people pay back 2m naira loan with 5% monthly interest rate in 6month, and if u have a business or self employed, you cant pay 247k loan back in 3month?. Wait before I go any further, let me first ask if you are a kid, or you are a responsible man who earn a living and take care of families legally? Bcus I dont like to waste my breath

People don't take 2m loan to pay back in 6 months for a business. Such a person taking the loan probably has a job outside the business. This particular loan is supposed to be for a business owner. So can you tell me how you expect a business owner to pay back the capital and interest on a business loan in 3 months?
And yes I'm a responsibleman who earns a living which is why I know it's impossible to generate 100% profit in 3 months. Any futher questions

Fujiyama:
^^^
Stop this nonsense.

We are dealing with numbers here and numbers don't give hiding space for mischief.

A 36% annual interest rate on a government facility for youth entrepreneurs is not a good deal.

it's either u aren't ok or deliberately mischievous

U people just talk rubbish simply because it's not your kinsman doing the thing.

Any sane person can see through your gimmicks

Kukutente23:
People don't take 2m loan to pay back in 6 months for a business. Such a person taking the loan probably has a job outside the business. This particular loan is supposed to be for a business owner. So can you tell me how you expect a business owner to pay back the capital and interest on a business loan in 3 months?
And yes I'm a responsibleman who earns a living which is why I know it's impossible to generate 100% profit in 3 months. Any futher questions

nobody takes u wailers serious.

U are condemning all these because it's not your packaged fraud doing it, him brain no even fit carry am

All he knows is keep money in his bank n make profit