Are you aware of the Bank of Industry loan? Here, you are going to know how to easily apply for the bank of industry (BOI) loan instantly.
Have you ever been denied access to a loan by any bank? Well I am assuring you that you have come to the right place because with the Bank of Industry loan, you can go to bed smiling with the assurance that your financial assistance is on the way
Some persons have asked, ‘What is a Bank of Industry Loan?’ Let me ask you, have you seen a loan platform that has micro enterprises, small and medium enterprises, large enterprises, youths and women all in mind?
Well, you have just come across one. With a Bank of Industry (BOI) loan you will be provided with that working capital and financial assistance you need
Now I am going to tell you how the BOI loan operates and I will give you all the necessary details on how to apply. So if you are a start-up business or a small and medium scale enterprise or an entrepreneur with a great business plan, sit tight because you will be getting the full package on this article.
What is a Bank of Industry loan?
Bank of Industry loan is a financial platform that has been set up by the federal government to provide financial support to large, medium, and small enterprises for growth and support.
Features of BOI Loan
- The interest rate of 5-10% per annum
- Appraisal fee of 1%
Criteria
- You will need the following because they will be required of you in order to obtain the BOI loan
- A collateral, a landed property that is registered with a certificate of occupancy
- Debenture
- Bank Guarantee
- External Guarantors
Benefits of Bank of Industry loan
- With a BOI loan, you have access to the Entre
- Youth Entrepreneurship Support Programme
- Government Enterprise and Empowerment Programme
- Graduate Entrepreneurship Fund
- Working capital
- SME term loan
How to apply for a BOI loan
The bank of industry has provided an online platform where the BOI loan can be accessed. Here are the simple steps to get the loan
- Go to the bank of industry website or goggle BOI loan on your device
- Click on apply loan.
- Click on the register icon for the registration process. Then create your BOI account
- After you have done that a verification link and a track code will be sent to the email address
- you registered with during the registration process
- Click on the link in your email to verify your account
- After verification, you can now log into your account to complete the application proper
- Fill in the form with the necessary details being asked for
- Save and click to submit the form
You will receive a mail within 5 minutes in your email account which will confirm the application
The above guideline is useful for those seeking to know and apply for a Bank of Industry Loan. If there are any questions, use the comment box below. Share the information with friends on social media,
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