How to Apply BOI Loan 2023

Don’t let financial constraints hold you back from achieving your business goals. Apply for the Bank of Industry loan today and take your business to the next level.

Here are the 8 things you should know about this BOI loan before applying;

1. The Mandate
2. The Entities that BOI Finances
3. The Items that BOI can finance
4. Mode of disbursement
5. Amount that can be financed by BOI
6. Collateral requirements
7. Startup businesses
8. Additional documents may be needed to support your application.

Requirements and Qualifications

Interested applicants must provide some requirements that ensure their eligibility. If you do not meet the requirements, it’s advisable not to apply;

• A formal letter of application
• A photocopy of the certificate of incorporation
• A standard feasibility study report
• Copies of passport photographs
• Company’s organizational structure and management
• 3 years’ most recent tax clearance for the business
• Marketable financial documents
• Legal mortgage on landed property
• Bank guarantee
• External guarantors with a known statement of net worth.

If you meet the requirements listed above, then you are eligible to apply for a loan from the Bank of Industry. The application process is simple and can be completed on the Bank of Industry’s official website. To begin, visit https://apply.boi.ng/register and carefully read the “Eight (8) things you should know before you commence your application on this platform.” Then, select whether your business is registered or not.

Next, select the amount you need and the sector you belong to. Once you have made your selections, the online application form will appear. Fill in the form with accurate information and click the “register” button.

If you are shortlisted, you will be contacted via email or SMS.

Best of luck!