A Guide to NSS Direct Loan for National Service Personnel

NSS Direct Loan offers a convenient and paperless way for National Service Personnel in the subverted category to obtain loans from Direct Savings and Loans Ltd. This article provides information on how to apply for an NSS loan, the interest rate, and repayment process.

What is NSS Loan?

NSS Loan is a loan facility available to National Service Personnel through Direct Savings and Loans Ltd. It is a fast and easy process that requires no processing fee, penalty, or collateral. Service Personnel can apply for loans anytime and anywhere, making it a convenient option.

NSS Direct Loan Short code:

To apply for an NSS loan, use the short code *396*1#. This short code is provided by Direct Savings and Loans Ltd for NSS and YEA Loan applications. It guides applicants through the loan application process.

Interest Rate:

The interest rate for NSS Direct Loan is 6.5% per month.

Requirements:

To be eligible for an NSS loan, you must meet the following requirements:

• Be a newly posted National Service Personnel.
• Be a registered and validated National Service Person.
• Belong to the subverted category, which includes service personnel in the public sector.

Steps to Register and Apply for a Quick Loan:

1. Dial *396*1# to apply now:
   Use this short code to initiate the loan application process with Direct Savings and Loans Ltd.
2. Select NSS:
   When prompted, select NSS from the popup menu.
3. Enter NSS Number:
   Enter your NSS number (e.g., NSSGCC1854964) to continue. This will display your NSS information, including your full name, date of birth, NSS number, and E-zwich number.
4. Accept Loan:
   A popup message will appear with your NSS information. Click on 1 to accept and proceed with your loan application. Note that the loan amount decreases each month.
5. Receive PIN via SMS:
   After accepting the loan, a PIN will be sent to you via SMS. Redial the short code *396*1# to continue.
6. Verification of Sent PIN:
   Enter the four-digit PIN sent to you via SMS for verification when prompted.
7. Set up Your Personal PIN:
   Once the PIN is successfully verified, set up your personal PIN for future use.
8. Dial  *396*1# again:
   Redial the short code to continue with the loan application process.
9. Choose Request Loan:
   Select option 1 on your phone keyboard to request a loan from Direct Savings and Loans Ltd.
10. Specify Loan Purpose:
    Specify the purpose for your loan request, such as Education, Funeral, Medication, or Personal.
11. Enter Loan Amount:
    A pop-up message will display a specified loan amount for which you are eligible. You can enter an amount within the specified range.
12. Confirm Repayment Plan:
    Select the number of months you prefer for loan repayment.

Note: If you accidentally exit the process, you can resume from where you left off by entering *396*1#.

Repayment Process:

The loan amount, along with the interest, will be automatically deducted from your E-zwich account by the National Service Scheme on a monthly basis.

NSS Direct Loan provides National Service Personnel with a convenient way to access loans without processing fees, penalties, or collateral. By following the provided steps and using the shortcode *396*1#, service personnel can apply for and repay their loans efficiently. For further assistance, personnel can also contact Direct Savings and Loans Ltd through phone or WhatsApp.

SOURCE: GESHub.org