p.josh:

just clocked 17years..finished secondary school last 3month

lalaboi:

I dont think there is actually a law that says you have to be atleast 18. .

Its just that for you to be taken seriously they might consider your age too

lalaboi:

I would suggest you to contact the banks individually. .

Make sure your Business idea/proposal is well written (ever heard of feasibility study?). Check the web of how to write these and make your ideas and projection very easy to understand.
The other issue will be "collateral" as many have pointed out. Looks towards your parent/family for that.


Honestly, I do think it will be hard for you to get your quoted amount. .

p.josh:
i actually need the loan 2 start up an online business. i am also looking for a angel investor

p.josh:
Is there any Nigerian bank that give loan to teenagers. Please i need response

lalaboi:

I would suggest you to contact the banks individually. .

Make sure your Business idea/proposal is well written (ever heard of feasibility study?). Check the web of how to write these and make your ideas and projection very easy to understand.
The other issue will be "collateral" as many have pointed out. Looks towards your parent/family for that.


Honestly, I do think it will be hard for you to get your quoted amount. .

Seun: If you have enough collateral, and if you're at least 18 years old, then I bet that won't be a problem.

baslone:

Without the collateral, the banks will not give you a loan except they see and are impressed by what you are doing, not what you intend to do.

No bank will carry that risk.

baslone:

Without the collateral, the banks will not give you a loan except they see and are impressed by what you are doing, not what you intend to do.

No bank will carry that risk.

360command: Yes bank give loans to Minors . The banks to which i am sure of are the micro finance banks who give loans to people who want to start up trade such as purchase of Gala, la casera, etc(micro loans for Micro business to micro minors if i can use that word).

for you to get this loan,
1)your business must be in function(you must have started with it)
2)you must have an account with them.
3)you should have like 40 000 naira in your account.


with such an amount you can secure a loan of 100 k in your account.

@ OP, I hope this helps cause i have no clue of what your business idea is about. so i used your age determine what loan micro finance are willing to be able to do for you.

saxywale:
Wait till you are 18 and banks hardly finance a business that's less than a year old. It's part of risk mitigation.By the way, if it's a start up firm, its best you look for investors.

babe_online:
Or are you scared??

Dempsy: Pls bank shud not try such unless they want us mature ones to start dragging ladies wit these teenagers.....cus ladies change direction like compass

kayLion: @OP..Nice courage u gat here..thinking of 4million loan but I think its better to start little by little..try find where u can get smaller amount and start with...I know of a microfinance bank (Advans Lafayette) in Ibadan, they grant loans to 18+ and u must have a place of business, and u have to have an idea of ur business for at least 3years..I believe with this 3 years u have gathered enough knowledge from your business and you can pay back the loan easily...As much as I like your Confidence, I think slow and steady wins d race..try your Business idea with little capital before moving onto bigger one...Peace!!

p.josh:


how sure are you?

Brokenbars: I doubt. they wil giv a lot of conditions that wil make it imposible 4 d teen 2 meet up. a lot of adults are being turned down by banks talk less of teens.

Brokenbars: I doubt. they wil giv a lot of conditions that wil make it imposible 4 d teen 2 meet up. a lot of adults are being turned down by banks talk less of teens.