Baobab – Loan details
Baobab microfinance loans up to ₦10,000,000 for businesses.
Loan amount
₦20K – ₦10.0M
Interest from
28.00%
Term
6 – 24 months
Approval
3 business days
Pros
- ✓ High loan limit for microfinance
- ✓ International backing
- ✓ Both business and individual
Cons
- ✗ Requires business activity
- ✗ 3-day processing
- ✗ 28% annual rate
Requirements
- Business or trader
- Valid ID
- BVN
- Guarantor for large amounts
Company information
Baobab Microfinance Bank Limited
Lagos, Nigeria
https://baobabgroup.com/nigeria
This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.