BOI Loan Application Portal – The BOI Loan Application Portal is currently accessible, and here we will guide you on how to initiate the ongoing registration process.
The BOI Loans are presently open for qualified and committed candidates seeking to apply for the ongoing BOI Loan program. Follow the instructions provided in this article.
News from the BOI Loan indicates that the organization is currently in the process of accepting new loan applications for this year. Detailed information will be provided in this article on how to proceed with the application.
About Bank of Industry Loan
Bank of Industry (BOI) is currently extending financial support to businesses affected either positively or negatively by the COVID-19 pandemic.
We are dedicated to assisting businesses in their recovery or growth phase as they resume operations. This program is under the supervision of the federal government of Nigeria.
BOI Loan Requirement
Being familiar with and meeting the requirements will give you an advantage over other applicants. The BOI Loan requirements are outlined below:
- A formal application letter
- A photocopy of the certificate of incorporation
- A comprehensive 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 verifiable statement of net worth
How To Apply For BOI Loan
The BOI loan is a government-backed initiative, and we encourage all interested individuals to take advantage of it. Here are the steps to apply or register via the BOI Loan application portal.
- Visit the BOI Loan portal at https://apply.boi.ng/ and complete the registration process.
- Review the “Eight (8) things you should know.”
- Begin your application process on this platform with care.
- Indicate whether your business is registered or not.
- Select the desired loan amount and the sector, then proceed.
Frequently Asked Questions (FAQ)
What is the role of BOI?
The Bank of Industry provides financial assistance, including loans and equipment procurement, to establish small, medium, and large enterprises.
How can I check my BOI loan balance?
To inquire about the outstanding balance of your loan account, please contact them through the official site.
How long does it take to get a loan from BOI?
The processing duration for your BOI loan application approval may range from 30 to 40 business days. Subsequently, it requires an additional 15 days for the credit to be disbursed upon approval.
Please be aware that these timeframes are approximate and may vary depending on specific circumstances and the complexity of the application.
How many times can you top up a loan?
Certainly, you have the flexibility to apply for a top-up loan at any point. There is no requirement to settle an existing loan before seeking an additional one.
If your new loan carries a distinct interest rate, our system is designed to accommodate multiple loans concurrently under the same account.
This site is not the official page. It serves as an information summary, so always refer to the official portal for confirmation. While we strive to provide accurate and updated information, we do not request any payment for the information provided here.