BOI Launches MyBOI Portal for Online Business Loan Applications
The Bank of Industry has launched the MyBOI Portal, allowing new and existing customers to apply for financing online, upload supporting documents and track their applications. Registered Nigerian businesses can apply if they meet the requirements for their chosen facility. Applicants need valid CAC details, BVN details for owners or directors, a verifiable business bank account, and satisfactory credit and cash-flow records. The available facilities cover sectors including manufacturing, agro-processing, the digital economy, creative industries and energy. Requirements differ by loan size, with applications above ₦10 million likely to require audited accounts, tax documents, feasibility studies and security documents. Applicants can also select non-interest financing where eligible. BOI says complete applications may receive an initial response within two to four weeks, although submission does not guarantee approval.
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