Bank of Agriculture – loan application
Screenshot of https://www.boanig.com, operated by: Bank of Agriculture Limited, used under legitimate licence.
Contact
Company
Bank of Agriculture Limited
Address
PMB 5315, Bida Road, Kaduna
Website
https://www.boanig.com
Bank of Agriculture – repayment table
Estimated monthly repayments at 14.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 12 months | 18 months | 24 months |
|---|---|---|---|
| ₦500,000 | ₦111,667 | ₦97,778 | ₦90,833 |
| ₦1,000,000 | ₦223,333 | ₦195,556 | ₦181,667 |
| ₦1,500,000 | ₦335,000 | ₦293,333 | ₦272,500 |
| ₦2,000,000 | ₦446,667 | ₦391,111 | ₦363,333 |
| ₦2,500,000 | ₦558,333 | ₦488,889 | ₦454,167 |
| ₦3,000,000 | ₦670,000 | ₦586,667 | ₦545,000 |
Representative example
Loan amount
₦375,000
Repayment term
12 months
Monthly interest
14.00%
Monthly repayment
₦83,750
Total interest costs
₦630,000
Total amount payable
₦1,005,000
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦250K – ₦50.0M
Term
12 – 60 months
Interest from
14.00%
Approval
5 business days
Age
18+ years
Online application
Yes
Requirements
- ✓ Farm or agricultural business
- ✓ Business plan
- ✓ Valid ID
- ✓ BVN
- ✓ Collateral required
Loan features
- Agricultural and rural loans
- ₦250K–₦50M
- 14% annually
- Government development bank
Ready to apply?
Go to official Bank of Agriculture website ad