Bank of industry loan - BOI loan application
Bank of Industry Loan 2023/2024, BOI Loan Form, Bank of Industry Loan, see below if your business(es) is qualified – The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution (DFI). Bank of Industry Loan Application Form Portal, Check eligible business / enterprises for Bank of Industry loan, How to Register or Login to continue your BOI loan application and check your application status.
Interested Candidates (Graduates or Non Graduates) are told to login to BOI Loan Application Portal to download the Bank of Industry Loan Application Form PDF online or apply through their portal.
1. Scope: The Bank of Industry targets sub-sectors include Agro-processing, Solid Minerals, Information Technology, Oil and Gas and Creative Industry. Businesses in these categories are accord priority.
2. Who BOI can Finance : Bank of industry only finances enterprises or companies and not an individual person or group of persons. The company / enterprise must be duly registered with CAC and you will be required to provide the registration number for a Limited Liability Company or business name for an enterprise before you can proceed with your application
3. Mode of disbursement: BOI funds the suppliers of the equipment or input for for the business/project and not to the borrower’s account.
4. BOI Loan Amount: BOI’s loan support to the SME starts from N5 million and above.
5. BOI Collateral requirements
As part of the fiduciary responsibility in managing funds under its care, Bank of industry requires that you pledge some assets to secure you loan. However, the Bank also accepts other forms of security subject to adequate coverage of the loan being provided to you. Types of security the Bank accepts include:
Types of BOI loans available?
Cottage Agro Processing (CAP) Fund
SME Cluster Development Fund (CDF)
Graduate Entrepreneurship Fund (GEF)
Women Entrepreneurship Fund (WEF)
Youth Entrepreneurship Support (YES) Programme
Bottom of the Pyramid (BOP) Scheme
Apply for https://www.boi.ng/.
BOI Loan Application Form Requirements
Click on any of the link below depending on your type of entity and the kind of loan you want to apply for. Note that this requirements coverers for both PRE & POST APPROVAL CHECKLIST FOR ENTERPRISE, LIMITED LIABILITY COMPANY, LARGE ENTERPRISE & SME, COOPERATIVE SOCIETY and GOVERNMENT ENTERPRISE & EMPOWERMENT PROGRAMME (GEEP).
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