You are currently viewing Bank of Industry Loan for Women

Bank of Industry Loan for Women

Lender

Bank of Industry

Eligibility

This is for women-owned businesses or any business where the majority of employees are women; in the following sectors

Manufacturing
Trading in locally produced goods
Solar industries

Service industries with relevance to the manufacturing sector

Loan Limit

Maximum limit N50M

Interest Rate

Maximum Interest Rate: 9% p.a
Moratorium available

Max Tenor

Maximum Tenor: 3 years

Security Required

Minimum Equity Contribution-30% of total project cost plus any of legal mortgage, all assets debentures, personal guarantor

Documents Required

Customer’s request letter

Company registration
Cashflow analysis
Audited financials (if applicable)
Valuation report of property to be pledged as collateral
Legal mortgage over suitable property to be pledged as collateral

Approval Time

About Four (4) months from the time you submit all the required documentation

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
10 00010 000 000
160
050
 
 
 

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