Types of Business Loans of Bank of Industry (BOI) Nigeria

The Bank of Industry (BOI) loan scheme is for Nigerians who are interested in expanding their business. If you also want to expand your business then this good news is for you.

This article is trying to tell you that you all need to know how you can apply for a Bank of Industry loan and get the desired amount as per your wish.

Before learning about BOI loans, it is important to keep in mind that BOI's goal is to set up large, medium, and small projects as well as provide financial support for the expansion, diversification, and modernization of existing institutions; And rehabilitation of already existing people.


Applicants must own a visible business registered with SAC so that the loan can be approved quickly. If you did not register your business with CAC, select a new trade name free with the CAC Registration Portal now.

Types of Bank of Industry (BOI) Nigeria Loan

Bio loan

Kedstep Loan

NCI Fund Loan

The application methods and portals of the three loan sections are different, it depends on which loan sections you would like to apply for. You are provided a direct link to each of the BOI loans to select the category that is most suitable for your location, personality, and business.

BIO Loan:

If you are an existing customer of BOI, you will be able to apply for a loan otherwise you will have to create your account first. Once you become a customer of the bank you will get many benefits one of which is the internet facility in which you will get login ID and password of your account. You can apply for a loan by logging in to your Bank of Industry.

Kedstep Loan:

Kedstep loan operated by Bank of Industry Nigeria especially for those living in Kaduna State Nigeria. If you are a resident of Kaduna State and want to start a business or expand your existing business, you can apply for Kedstep Business Loan 2020/2021.

NCI Fund:

The Nigerian Content Intervention Fund (NCI), a Nigerian Content Development and Monitoring Board (NCDMB) fund managed by the Bank of Industry Limited (BOI),

The Nigeria Component Intervention Fund (NIC) was established for the following purposes:

  • Build local capacity and skills to increase indigenous participation in the oil and gas industry.
  • Promote the development and growth of Nigerian content in activities involving the Nigerian oil and gas industry sectors.
  • To deepen connectivity in other sectors of the national economy and to expand the contribution of the industry to the growth of Nigeria's national GDP.
  • Addressing the challenge of uninterrupted funding hinders the capacity and growth of local service providers in oil and gas.
  • To facilitate the development of community-based companies in the upstream oil and gas sector.
  • For productivity and job creation in the oil and gas industry.
  • Attracting investment capital to the region and encouraging the region's contribution to Nigeria's economic development.

Post a Comment