How to get Business Loans in Nigeria: Where to secure your loan grant fast!

Are you interested in getting business loans in Nigeria, securing a small business loans, getting loan for business startup or business loan grant, I will show you where to you should go to.


Loan or credit is a kind of financial obligation on the part of both the lender and the borrower. It is an engine of growth for Small and Medium Enterprises and it helps individuals as well in financing their lifestyle.

Many types of loan exist in Nigeria which includes Quick Loan, Salary Advance, Mortgage, Overdraft, Term Loan, and Auto Loan and so on. However, loan of any kind in general and business loan in particular can be gotten from any of the twenty places listed below:

Institutions that offer Business loans in Nigeria

The following 20 institution offer business loans and grants in Nigeria:

Diamond Bank Plc

This bank avails its customers loans such as Overdraft, Lease Finance facility, Credit cards, Salary advance, Small and Medium Enterprise loan, personal loan and so on.

For one to qualify for any of their loan product, one must have an account with Diamond Bank. For further enquiries, visit www.diamondbank.com

Zenith Bank Plc

Zenith Bank is one of Nigeria’s mega banks where individuals and firms can access loans to enhance their lifestyle or boost their businesses.

One of the advantages of Zenith Bank’s loan reflects in its fast loan processing time. To find out more about the bank’s loan products, visit www.zenithbank.com

Sterling Bank

Nigeria’s number one customer bank offers different types of business loans in Nigeria to meet individual and corporate organizations needs.

Of course, an intending loan applicant must have a current account with the bank before he/she can stand any chance of accessing Sterling bank’s loan. The bank’s website is www.sterlingbankng.com

GTI Microfinance Bank

This Microfinance Bank is located at 127, Awolowo Way, Ikeja, Lagos and it is a subsidiary of GTI Capital Limited. GTI MFB offers loans to individuals, Small Scale Enterprises and Corporate bodies and their tenor ranges between 6 months and 48 months.

One of the advantages of GTI is that as long as you are the bank’s customer, your loan application will be approved. To find out more about GTI’s loan dynamics, visit their office address.

How to get Business Loans in Nigeria: Where to secure your loan grant fast!

How to get Business Loans in Nigeria: Where to secure your loan grant fast!

Even more places and Institutions that offer Business loans in Nigeria

Apex Micro-finance bank

Apex MFB was created with the vision of meeting the financial needs of individuals.

This microfinance bank offers loans to individuals that want to grow their business with a reasonable interest rate. The bank is located in Kwara State, Oyo State and other parts of the country.

Fortis Micro-finance Bank

Fortis MFB is Nigeria’s best Microfinance bank that has helped many individuals and corporate organizations to realize their dreams through assisting them with loans of all sorts.

The Microfinance bank is widely spread across Nigeria and more information about Fortis can be gotten by visiting any of their branches.

United Bank for Africa (UBA) Plc

United Bank for Africa’s loan products have benefited a lot of individuals and businesses in Nigeria.

Unlike many mega banks, UBA’s loan products are speedily approved once an applicant (who has an account with the bank) meets the bank’s conditions. Visit www.ubagroup.com for further enquiries.

Ecobank Plc

The pan African bank (Ecobank Plc) has put a lot of smile on the faces of Nigerians via their range of loan products. The bank has tailor made solutions for financial needs of Nigerians who operate an account with them.

The bank’s turn around time for business loans in Nigeria processing is fast and their loan packages are flexible and are accessible to individuals and organizations.

Visit www.ecobank.com or one of the bank’s branches in your location to know more about ecobank’s loan products.

First Bank of Nigeria Limited

One can obtain loan from First Bank of Nigeria Plc as the bank has a wide variety of Business loans in Nigeria products which include Automobile loan, Personal Home Loan, Loan against salary and Equipment Loan for individuals.


For corporate bodies, the bank has Contract finance, Lease finance, overdraft and so on. To find out about conditions precedent to accessing any of the bank’s loan type, visit www.firstbanknigeria.com

Hasal MicroFinance Bank

Hasal MicroFinance Bank offer loan of up to NGN 500,000 to individuals and corporate bodies.

Hasal’s loan is collateralized by guarantor(s) and more information about the MFB’s loan can be viewed by visiting www.hasalmfb.com or visiting one of their branches nationwide.

Accion MicroFinance Bank

Accion MFB in its three months of operation approved over 280 business loans for Nigerians. This microfinance bank is a sure place of getting loan of all sorts. The bank’s website is www.accionmfb.com

Nigerian Export – Import Bank (NEXIM)

NEXIM avail loans to exporters to enable them carry out their export business. Their business loans in Nigeria products include Direct Lending Facility, Export Credit Insurance Facility, Export Credit Guarantee Facility and so on. NEXIM’s website is www.neximbank.com.ng

More places to secure your Business loans in Nigeria

African Development Bank

This bank can be approached for loans and grants by Small and Medium Enterprises. Recently, African Development Bank approved $580, 000 for the development of SMEs in Nigeria. To know more the bank’s grant, visit www.afdb.org/en/news-and-events/loans-grants/nigeria/

Bank of Industry

This bank grants loan to entrepreneurs to grow their business. If you are an entrepreneur that needs loan from Bank of Industry, visit www.boinigeria.com

Fidelity Bank Plc

Fidelity Bank ranks among the top ten banks in Nigeria and the bank offers a wide range of business loans in Nigeria to individuals and businesses if they meet their requirements. The bank’s website is www.fidelitybank.com

Access Bank Plc

The bank is an avenue for loan acquisition by both Nigerians who meet their loan requirements. For more information, visit www.accessbankplc.com

Lapo MicroFinance Bank

Lapo MFB is a place where Nigerians can obtain loan of all types regardless of the applicant’s occupation. The loan requirements are flexible and their rates are highly competitive.

Their website is www.lapo-nigeria.org

Skye Bank Plc

As a mega bank, Skye banks avails Business Loans in Nigeria facility to (students inclusive). Visit www.skyebankng.com for more details on Skye Bank’s loan requirements.

Cooperative societies

Various cooperative societies in Nigeria are avenues of obtaining Business loans in Nigeria. One major requirement for obtaining loans in any cooperative society is that applicants must be members of the cooperative society. For more information, visit any cooperative society within your vicinity.

Gofundme.com


www.gofundme.com is an online avenue for obtaining grants and the beauty of this medium is that such grants are not repaid. A lot of people have benefited from this site, as such. Nigerians too should benefit by logging on to the site for further enquiries.

RECOMMENDED:


CLICK HERE TO COMMENT!
We will be happy to hear your thoughts

Leave a reply

You are now leaving Collegereap Community!

Collegereap Community! provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site.

You will be redirected to

Click the link above to continue or RETURN

Collegereap Community!
Collegereap Community!