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This step-by-step guide will provide information on the requirements and application process to successfully obtain a loan at the Bank of Industry Nigeria.
The Bank of Industry in Nigeria is a leading financial institution that provides loans to private businesses and entrepreneurs. It is a reliable source of funding for entrepreneurs looking to expand their existing businesses or start new ventures. Getting a Bank of Industry loan can be a complicated and intimidating process, but with the right guidance and information, it can be a smooth and successful experience.
The first step in the application process for a Bank of Industry loan is to visit a Bank of Industry branch near you and request a loan application form. Once you have the application form, you can begin gathering the necessary documentation and information needed to complete the form. Once you’ve completed the application form, you can submit it to the nearest Bank of Industry branch or send it via email to: loans@bankofindustry.com.ng Depending on the type of loan being applied for, the application process can take up to three months. For business expansion loans, the application process can take up to five months.
Two (2) external guarantors verifiable and acceptable to BOI who must belong to any of the following categories:
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