Your first choice in getting a fast and easily accessible loan

Credit in your hands

  • Easy Access:

    Upon receipt of completed documents, loans can be accessed easily

  • Finance Working Capital and Investment needs:

    Helps to finance working capital requirement and provide funds for business investment

  • Helps improve lives:

    Loans offer a financial boost to your business and if managed correctly, the loan should help to improve your quality of life and upgrade the standard of living of your loved ones too.

Mini & Micro Loan

An easily accessible loan for microentrepreneur who desire to grow and expand their businesses

• From N 20,000 to N 99,999
• Disbursed in 72 hours (if provided documents are complete)
• Repayable in 4 to 6 months
• Competitive interest rates
• Simple and flexible documentation requirements
• Simplified collateral arrangements
• Does not require pre-existing account to access credit
• Encourages saving while loan is granted

MICRO PLUS LOAN

Take your business to the next level

• From N 100,000 to N 2,000,000
• Disbursed in 72 hours (if provided documents are complete)
• Repayable in 2 to 18 months
• Faster loan processing for faithful clients
• Simple and flexible documentation requirements
• Collateral arrangements
• Does not require pre-existing account to access credit


SME LOAN

To consolidate or invest in your business

• From N 2,000,001 to N 20,000,000
• Repayable in 1 to 24 months
• Minimum administrative procedures
• A close follow-up to make sure your application will be managed within 72 hours
• Allows access to greater volume of credit
• Faster loan processing for faithful clients
• Simplified collateral arrangements
• Does not require pre-existing account to access credit

1

Go to a Baobab branch with your national ID card, 1 picture and 1 proof of residence

2

Baobab will open a current account where your loan will be disbursed

3

Fill the loan application form and indicate the amount you need

4

Pay the fees to open your account and the fees for the loan application

5

A Portfolio Manager will contact you shortly to visit and assess your business

FAQ

I have a business idea and want Baobab to finance the idea.You have to be in business for a minimum of 1 year to access a loan.

I have a building/car as collateral and will want money.You do not access loan based on your collateral rather on the repayment capacity of your business.

Is the loan I am accessing insured?Yes, your loans are insured in the event of fire outbreak, permanent disability and death.