Businesses seeking Bank of Industry financing will have a new online portal from October 2, 2026, when BOI is scheduled to launch its MyBOI Loan Application Portal. The platform is designed to let applicants submit, follow and manage their loan applications online.
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The launch comes as BOI continues providing financial support to enterprises in several parts of the economy. Its financing activities cover large, medium and small businesses, including ventures in agro-processing, technology, healthcare, renewable energy and solid minerals.
BOI already lists a number of financing areas on its website. These include the Federal Government’s N75bn MSME Intervention Fund, support for young entrepreneurs and financing for women-owned businesses. However, BOI has not said that October 2 will bring a new loan product, a particular loan amount or a new interest rate.
The date announced by the bank specifically concerns the MyBOI application portal. Some sections of the platform can already be accessed and include a sustainability assessment dealing with environmental, social and governance requirements.
Depending on the nature of a proposed project, applicants may need business registration records, environmental approvals, sector-specific licences, NAFDAC or SON certification, mining licences, building approvals and other regulatory documents.
BOI’s facilities are aimed at businesses and productive projects rather than ordinary personal cash loans. Prospective applicants should therefore be ready to provide details about their business, project and intended use of the financing.
By bringing application, tracking and loan-management functions into one online platform, the October 2 launch is expected to simplify how businesses manage financing requests. The portal will also allow users to monitor applications after submission.
What applicants should prepare
Businesses intending to seek financing should have CAC registration, valid identification, business bank account details, recent bank statements, TIN, a business plan or proposal, evidence showing how the funds will be used and relevant quotations available. Depending on the sector, further licences or permits may also be required.
How to apply
The MyBOI Loan Application Portal is expected to go live on October 2, 2026. Applicants can visit onlineportal.boi.ng, choose the appropriate financing option and complete the application process once the platform officially launches.
