I will like to know or gain experince from anyone who has sincerely secured a loan from bank of industry, about the procedures or steps needed to secure loan from Boi

seconded

Third ed

They have the loans to give but they will frustrate you.....I once went to CBN in Abuja here during my youth service for just 500k loan....they said the loans can be given through my bank.....and the banks I operate with all shyed away saying the have not started or they only give agric loans....it seems they wouldn't assist since its not their direct business...its easier with micro finance banks.

I wish we can see someone here that has tried obtaining the loan before,so that he /she could tell us about the procedures

I will like to start a loan company; from 50k to 1million for salary earners and buisness people. I am still drafting things with my lawyers


The benefit of my loan is you can any asset worth close to the amount you want, from cars to generators, phones and laptops

And I want to fund a keke naptep for anyone interested and payment will be spread monthly.

4stylz:
I will like to start a loan company; from 50k to 1million for salary earners and buisness people. I am still drafting things with my lawyers


The benefit of my loan is you can any asset worth close to the amount you want, from cars to generators, phones and laptops

And I want to fund a keke naptep for anyone interested and payment will be spread monthly.

That is my line of business. I can give you guidelines.

4stylz:
I will like to start a loan company; from 50k to 1million for salary earners and buisness people. I am still drafting things with my lawyers


The benefit of my loan is you can any asset worth close to the amount you want, from cars to generators, phones and laptops

And I want to fund a keke naptep for anyone interested and payment will be spread monthly.

Sounds good but I doubt your seriousness or readiness cos u're not responding to your mails. This is what people are saying on your thread. I sent you an email about a week ago but you hav not responded.

BRAINCRASH:
They have the loans to give but they will frustrate you.....I once went to CBN in Abuja here during my youth service for just 500k loan....they said the loans can be given through my bank.....and the banks I operate with all shyed away saying the have not started or they only give agric loans....it seems they wouldn't assist since its not their direct business...its easier with micro finance banks.

tsup bro... Dd u later get the loan?

To secure a loan you must have banking relationship with the bank, 3 months above. It just so they can see your turnover and determine the amount you can get. You can't just walk into a bank and request a loan or finance for your business, it would be decline. However, in some cases banks will give to blue chip and viable companies at first meeting, it all depend on the assets you have on ground, like your factory, machinery, etc.
Now, BoI loan is available and with lower interest rate. I know of 9%. And you can access BoI through your bank as well. Its easier when you're into manufacturing/production. When you're rendering services or trading its somewhat difficult to get.

histemple:


That is my line of business. I can give you guidelines.

I will like to read your advice too. Becos the way I see Nigeria lending/borrowing is not an easy thing.

Like how much money is required to venture into it on a small scale.. ?

What are the instrument you but in place to get back your money should there be default in payment.. ?

How do weigh the sincerity of a borrower before give him/her money...?

How do you get back your money in case of eventuality.. I.e death or transfer/relocation..?

What are the steps to take in making a legal business..?

Need money for important personal projects? Finding it impossible meeting collateral requirements etc to get a loan from your bank? Live and work in the FCT?

Great! Cos, RenMoney, your favourite Consumer Finance MFB is now in Abuja!

Irrespective of whom you bank with, you're eligible for a RenMoney loan backed by your salary alone.

+2347087192622 is the number. We'll be glad to help you out!

Please spread the word to friends and colleagues

For CBN and state regulated lenders giving out loans without collateral check out the full list on www.startcredits.com.
They list the requirements set by each lender for the borrowers.