BOI Loan 2022/2023 Application Portal | apply.boi.ng Bank of Industry Loan

The BOI loan application form for the 2022 BOI loan portal is now live. Are you a businessperson in Nigeria seeking a loan? Today, we’ll show how to apply for a bank of industry loan 2022 from the convenience of your home or workplace.

The Nigerian federal government has jurisdiction over BOI. It focuses on giving loans to industrial and entrepreneurial businesses engaged in preprocessing, information technology, and many other industries.

Things You Should Know About BOI Loan

There are a few things you should know and consider being of utmost importance before applying for a BOI loan. View them beneath;

1. Mandate

2. Entities that BOI Finances

3. Items that BOI can finance

4. Mode of disbursement

5. The amount that BOI can finance

6. Collateral requirements

7. Startup businesses

8. You need to support your application with some documents

On the website for the bank of an industry loan application, they provided more information about these in explicit detail.

If you’ve been looking for a loan to support your company and help it succeed, you may apply for a BOI loan by following the instructions on this website.

How to Apply for BOI Loan 2022

You are eligible to apply for a loan from the Bank of Industry if you meet the standards listed below. We’ll now walk you through submitting your application online.

Through the official website of the bank of industry, they submitted the application online. Simply go to https://apply.boi.ng/register.

Therefore, carefully read the “Eight (8) things you should know before you begin your application on this platform,” and then choose whether your business is registered.

Choose the sector and quantity you require, then move forward. After that, the online application form will show up, and you may continue filling it out with the data and pressing the “register” button.

BOI Loan 2022 Requirements and Qualifications

There are a few prerequisites that interested applicants must meet to show their eligibility. We encourage you not to apply if you don’t meet the conditions. See the specifications below;

1. A formal letter of application

2. Also, a photocopy of the certificate of incorporation

3. A standard feasibility study report

4. Copies of passport photographs

5. Company’s organisational structure and management

6. Three years’ most recent tax clearance for the enterprise

7. Marketable financial instruments

8. Legal mortgage on landed property

9. Bank Guarantee

10. External guarantors with a known statement of net worth

What is the BOI Loan Rate?

The interest rate applied to BOI loans. The maximum annual interest rate for BOI term loans is 10%, compared to 12–15% for loans for working capital.

How can I Get Loan from BOI Online?

The following simple steps summarize the loan application process:

1. Go to our website: boi.ng.

2. Click on the “Apply for loan now”

3. Click on “Register here” to register your account.

4. They sent a verification link and tracking code to your registered email address; click on the verification link to facilitate log in.

5. Once logged in, you can complete the application form, save and click on “Continue” to submit the form.

6. A mail will be sent to your email address confirming receipt of the application.

What is a BOI Loan?

Businesses that have been impacted by the COVID-19 pandemic, either badly or favourably, are currently receiving loans from BOI. We assist companies that are expanding or recovering as they resume operations.

How Long does it Take BOI to Process a Loan?

How long does the loan processing take? After submitting ALL required documents, it takes between 30 and 40 working days to process and gain management’s approval.

How can I Check my Loan Status in BOI?

You can call on 1800-220-229 / 1800-103-1906 / 022-4091 9191. You can visit the nearest Bank of India branch in-person to check the status of your personal loan application.

For up-to-date news on the BOI loan 2022, check this page frequently. If there is any news, we’ll do our best to let you know.

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