BOI Loan Application Portal 2022/2023 – How to apply for the BOI Loan? The BOI loan is open to all individuals who need financial assistance for the establishment of the large, medium, and small projects as well as the expansion, diversification, and modernization of existing Project
Welcome to this page, on this page we will be sharing with you information on how to know the steps in applying for the Bank Of Industry Loan
About BOI Loan
Is Providing financial assistance for the establishment of large, medium, and small projects as well as the expansion, diversification, and modernization of existing projects.
What You Should Know Before Applying for this Loan
Below are very important factors you need to know and consider before applying for the BOI Loan;
- Entities that BOI Finances
- Items that BOI can finance
- Mode of disbursement
- The amount that can be financed by BOI
- Collateral requirements
- Startup businesses
- You need to support your application with some documents
You can see more information on the BOI loan website.
BOI Loan 2022 Requirements and Qualifications
Applicants must provide certain requirements that guarantee their eligibility. If you do not meet the requirements don’t bother applying. see requirement ;
- 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
- Three years’ most recent tax clearance for the enterprise
- Marketable financial instruments
- Legal mortgage on landed property
- Bank guarantee
- External guarantors with a known statement of net worth
How To Apply for BOI Loan Application Portal
See how to apply for the BOI Loan after you might have successfully passed the requirement;
- visit https://apply.boi.ng/ and register
- read the “Eight (8) things you should know
- Then commence your application on this platform carefully
- Then select if your business is registered or not.
- Select the amount you need and also the sector then proceed.
The online application form will appear after this and you will continue filling the form with the correct information and click the “register” button.
How can I check my loan balance in BOI?
How do I ask for a bank loan?
Simply tell the lender you want to borrow money, and tell them what you’re going to do with the funds (if required). They will explain the next steps and how long the process will take, and that’s all.
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