BOI MSME Loan 2025 – How to Apply for ₦1 Million at 9% Interest
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| BOI MSME Loan 2025 – How to Apply for ₦1 Million at 9% Interest |
Are you a small business owner or entrepreneur in Nigeria looking for affordable financing to grow your business? The Bank of Industry (BOI) MSME Loan is a golden opportunity in 2025. With access to up to ₦1 million at a 9% annual interest rate, this loan is designed specifically for micro, small, and medium enterprises (MSMEs).
Whether you run a startup or an existing business in agriculture, manufacturing, retail, or services, this guide will walk you through everything you need to know.
What is the BOI MSME Loan?
The BOI MSME Intervention Loan is a federal program implemented through the Bank of Industry (BOI) to support the growth and sustainability of small businesses in Nigeria. The 2025 version continues with flexible repayment, low interest, and no collateral in some cases.
Loan Features
| Feature | Details |
|---|---|
| Loan Amount | ₦100,000 – ₦1,000,000 |
| Interest Rate | 9% per annum |
| Repayment Period | Up to 36 months (3 years) |
| Collateral | Varies (some categories are collateral-free) |
| Target Group | Registered MSMEs across Nigeria |
Who Can Apply?
To be eligible for the 2025 BOI MSME Loan, you must:
- Be a Nigerian citizen or business entity registered in Nigeria
- Own a micro, small, or medium business
- Operate in an approved sector (e.g., fashion, agriculture, retail, services, creative)
- Provide a business plan or summary
- Have a registered business name or CAC document
- Submit a valid means of ID and utility bill
- Have a BVN-linked account
Required Documents
- CAC Certificate or evidence of business registration
- Valid government-issued ID (NIN, National ID, or Passport)
- Utility bill (not older than 3 months)
- Bank Verification Number (BVN)
- Business proposal or description
- Tax ID or TIN (if available)
How to Apply
All applications are processed online via the official BOI loan portal.
Step-by-Step Guide:
- Visit: https://apply.boi.org.ng
- Click on “Apply Now”
- Create an account with your email and password
- Fill the form with your personal and business details
- Upload the necessary documents
- Submit and wait for confirmation email
Tips for Approval
- Write a clear, feasible business proposal
- Ensure your documents (especially CAC, BVN, and utility bill) are up to date
- Make sure your email and phone number are active
- Monitor your email and dashboard regularly for updates
Important Notes
- BOI will never ask for an “approval fee” or bribe — beware of fraud
- Processing time may vary based on volume and verification
- You may be contacted for a virtual or physical interview
With low interest, flexible repayment, and access to real capital, the BOI MSME Loan remains one of the most impactful business financing tools in Nigeria. Start preparing your documents today and take the step toward scaling your enterprise.
👉 Apply Now: apply.boi.org.ng
👉 Learn more: www.boi.ng
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