BAOBAB LOANS

BAOBAB LOANS

  • Disbursement with in 72 hours
  • N20,000 to N40MILLION
  • Repayable in 1 to 24 month
  • Minimum administrative procedures

Grow and expand your business with us. A range of easily accessible loans

Simulate my loan

₦ 20,000 ₦ 10,000,000
6 months24 months
Monthly payment

Total to be refunded including of interest.
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* This simulator does not constitute a loan offer, a commission of 2.5% to 5% will be applied depending on the amount.

Our products

Mini_Micro_Loan_NG

CREDIT BUSINESS

  • 20,000 - 100,000
  • from 6 to 12 months
  • Accessible to Business Owners
Micro_Loan _BaobabNG

CREDIT BUSINESS

  • 100,000 - 500,000
  • from 6 to 12months
  • Accessible to Business Owners
Micro_plus_Loan_NG

CREDIT SME

  • 500,000 - 2,000,000
  • From 6 to 18months
  • Accessible to Business Owners
SME_Loan_NG

CREDIT SME+

  • 2,000,000 - 10,000,000
  • From 6 to 18 months
  • Accessible to Business Owners
cross

Cross and Group guarantee loan

  • 20,000 - 500,000
  • Duration 6 months
  • Accessible to Business Owners
assets

Asset Finance

  • 20,000 - 50,000,000
  • From 6 to12 months
  • Accessible to Business Owners

How does it works

Application form
The call center calls you back
Appointment in a branch
Open an account

Fill out the application form on our website

The customer service will call you back and redirected you to the nearest branch. Do not hesitate to ask them all your questions

Go to the nearest branch to pick up an application form.

Submit duly filled form with necessary documents.

How it works

Fill out the application form on our website
The customer service will call you back and redirected you to the nearest branch. Do not hesitate to ask them all your questions
Go to the nearest branch to pick up an application form.
Submit duly filled form with necessary documents.

FAQ

Our minimum loan amount is N20,000 and a Maximum amount of N50,000,000. Both depend on the borrower’s repayment capacity assessed based on verifiable business inventory and other criteria.

What we offer are business loans for businesses that are already in existence/operation, and housing/house improvement loans.

To access our loan facility, you must have a business, the location must be within our bank’s lending area (Lagos state, Oyo state and Ogun state) and it must have been in existence within a specific period.

It doesn’t take longer than it ought to as long as the necessary requirements are adequately met (less than 3 working days).

Our interest rate differs depending on the loan amount. However, it is very competitive.

No fee or mandatory account opening is required before you can get a loan from us.