Bank of Agriculture (BOA) Limited is Nigeria’s premier Agricultural and Rural Development Finance Institution. 100% wholly owned by the Federal Government of Nigeria. The ownership structure is: – Central Bank of Nigeria (CBN) 40% Federal Ministry of Finance Incorporated 60%. Bank of Agriculture Limited is being supervised by Federal Ministry of Agriculture & also regulated […]

The daily decline in the Nigerian economy has driven the country to take agriculture more seriously than ever before. Irrespective of this public clamour for farming, a lot of farmers in Nigeria still have a large problem getting access to agric loans, despite the fact that the Central Bank of Nigeria (CBN) has allocated about 200 billion […]

National Housing Fund National Housing Fund (NHF) is a Federal Government introduced scheme, to which all public servants and employees in the organized private sector within the country are expected to contribute 2.5% of their monthly basic   to The Federal Mortgage Bank of Nigeria (FMBN), managers of the fund. Employees of various corporations who are active contributors to the scheme, […]

PERSONAL LOAN This is designed for salary earners who require finance to meet urgent needs and other cash challenges. Features Facility Amount: Determined by 33.3% of take home, Subject to N5million Tenor: 12-36 months Repayment: Maximum repayment per month should not exceed–33.3% of net monthly salary (i.e. ‘take-home pay’) Security: Salary domiciliation, plus terminal benefits/gratuity domiciliation( as applicable) […]

SMART ADVANCE Smart advance is a product designed for individuals who require an advance before salary due date to meet urgent needs. Features and Terms Facility Amount: 50% of net monthly salary and Single obligor limit of N500,000 Tenor: The tenor for this product is 90 days Repayment: The monthly repayment in addition to existing repayment obligation(if any) […]

SME LOANS AND CREDIT Obligor Limit: N20, 000,000 (Twenty Million Naira) Product Description: Finances shortfall in working capital for traders and manufacturers. Criteria Achieved monthly credit turnover of 150% Achieve 200% after disbursement Account to swing to credit in the review cycle. Collateral FSV cover should be 150% (130% for cash or money market instrument). Tenor 1 […]

Salary Advance Get up to 50% of your net monthly salary upfront. Available to staff of private companies and government agencies with active salary accounts domiciled in GTBank. Features Up to of 50% of net monthly salary in advance. Tenor of 30 days. Renewable monthly. No collateral required. Minimum salary of N 25,000 for public […]

GT Business Evolve This is a term loan for SMEs aimed at facilitating asset acquisition and business expansion. Features Maximum Loan Facility Amount – N20million Maximum tenor of 36months Irrevocable Domiciliation of inflows is required Repayment for the loan shall be equal monthly repayment of principal and interest or Flexible repayment of principal and monthly […]

Term Loans for Schools This is a medium to long term facility aimed at assisting established and well-structured schools in the expansion of their landed properties to meet obvious or anticipated business demand. The tenor spans from 3 to 10 years, giving schools funds up to 400million. Features Facility Type: Term Loans for Schools Amount: […]

The Federal Government of Nigeria established a social intervention programme called Market Moni. Which is a government enterprise and Empowerment programme (GEEP) created to provide financial aid for the under bank and unbanked. The market moni (GEEP) objectives are to assist SME with easy and quick loans at no interest rate besides a five percent […]