Consumer Loan
BOI Microfinance Bank
About Consumer Loan
This is designed for workers who want to use the facility for personal, family, or household purposes, or for consumable items like household appliances and payment of school fees.
Requirements for loan
- Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning guarantors
- Utility bill (within the preceding 3 months), signed post-dated cheques and valid means of identification for guarantor(s)
- Valid ID – Driver’s ID, National ID or International passport.
- 2 recent passport photographs of guarantor(s)
- Bank Verification Number (BVN)
- Must be in business for at least 12 months
- Two (2) recent passport photographs
- Flexible collateral requirements
States Covered
Provider Details
About provider
BOI Microfinance Bank Nigeria is a subsidiary of Bank of Industry Nigeria. It offers a broad range of financial services to micro, small and medium-sized enterprises and various low income earners both as individuals and as groups. BOI Microfinance Bank is fully committed to improving entrepreneurs businesses by providing easily accessible loans and good business advices to help improve and sustain long term growth. It also provides various saving deposits for all level of customers. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria. Being a subsidiary of The Bank of industry the bank has a very strong financial backing and has been tasked with improving access to financial services in the country.
About Consumer Loan
This is designed for workers who want to use the facility for personal, family, or household purposes, or for consumable items like household appliances and payment of school fees.
Requirements for loan
- Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning guarantors
- Utility bill (within the preceding 3 months), signed post-dated cheques and valid means of identification for guarantor(s)
- Valid ID – Driver’s ID, National ID or International passport.
- 2 recent passport photographs of guarantor(s)
- Bank Verification Number (BVN)
- Must be in business for at least 12 months
- Two (2) recent passport photographs
- Flexible collateral requirements
States Covered
Provider Details
About provider
BOI Microfinance Bank Nigeria is a subsidiary of Bank of Industry Nigeria. It offers a broad range of financial services to micro, small and medium-sized enterprises and various low income earners both as individuals and as groups. BOI Microfinance Bank is fully committed to improving entrepreneurs businesses by providing easily accessible loans and good business advices to help improve and sustain long term growth. It also provides various saving deposits for all level of customers. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria. Being a subsidiary of The Bank of industry the bank has a very strong financial backing and has been tasked with improving access to financial services in the country.
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