Bank of Agriculture – Loan details

Bank of Agriculture development loans up to ₦50,000,000 at 14% annually.

Loan amount ₦250K – ₦50.0M

Interest from 14.00%

Term 12 – 60 months

Approval 5 business days

Pros

✓ Government-backed
✓ High loan amounts
✓ Agricultural specialisation

Cons

✗ Complex application process
✗ Agricultural sector focus
✗ Long processing time

Requirements

Farm or agricultural business
Business plan
Valid ID
BVN
Collateral required

Company information

Bank of Agriculture Limited
PMB 5315, Bida Road, Kaduna
https://www.boanig.com

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