BOI Loan 2022

BOI Bank Of Industry loan Application Portal –  https://apply.boi.ng

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BOI Bank Of Industry loan Application Portal –  https://apply.boi.ng reopen to business men and women who are in need of loan to support their  small scale business to the next height.

If you are one of those who business is register in Nigeria that need loan this BOI loan is the right loan for you.

In this post we will show you all you need to know about BOI loan and how to apply for BOI loan

About the BOI Loan

BOI is controlled by the federal government of Nigeria. It focuses on providing loans to entrepreneurial and industrial enterprises involved in Agro-processing, information technology, and lots more.

8 key things to know Before Applying for BOI business Loan

Below are very important factors you need to know and consider before applying for the BOI Loan;

  1. Mandate
  2. Entities that BOI Finances
  3. Items that BOI can finance
  4. Mode of disbursement
  5. Amount that can be financed by BOI
  6. Collateral requirements
  7. Startup businesses
  8. 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 2022

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.

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