The Bank of Industry Loan application is now ongoing through the new MyBOI Portal, allowing eligible Nigerian businesses to apply for BOI financing, submit documents and track their applications without visiting a BOI office.
The Bank of Industry officially launched the MyBOI Portal on 2 October 2026. The platform allows businesses to apply, track and manage BOI facilities online.
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Bank of Industry Loan Portal
Business owners can access the official MyBOI Portal to create an account, complete their business profile and submit a financing application.
MyBOI Portal: https://onlineportal.boi.ng
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BOI provides financing support to micro, small, medium and large businesses across sectors including agriculture and food processing, creative industries, engineering and technology, healthcare, renewable energy and other areas.
How to Apply for Bank of Industry Loan 2026
Follow these steps to apply through the MyBOI Portal:
1. Visit the MyBOI Portal
Go to the official portal: MyBOI Portal
2. Create an account
Register as a new user and provide the required business information. You may need your CAC registration details, email address and other information required by the portal.
3. Complete your business profile
Provide the required information about your business and complete the onboarding and assessment stages.
4. Select a financing facility
Choose the BOI financing facility that matches your business needs. Depending on the facility, financing may support working capital, inventory, equipment, expansion or other approved business purposes.
5. Enter your financing details
Provide information about the amount you need and explain how the funds will be used.
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The amount a business may qualify for depends on factors such as business size, transaction history, cash flow, credit profile and repayment capacity.
6. Upload the required documents
Documents may include:
- CAC registration documents
- Valid government-issued identification
- BVN
- Business bank statements
- TIN, where applicable
- Relevant regulatory licences
- Proforma invoices or quotations
- Other documents required for the selected facility
BOI states that business bank statements are generally required for 6 to 12 months, while recent audited accounts are required for facilities above ₦10 million.
7. Submit your application
Review your information and documents carefully before submitting the financing application through the portal.
8. Track your application
After submission, you can use the MyBOI Portal to monitor the progress of your application.
Who Can Apply for Bank of Industry Loan?
Registered and active Nigerian businesses can apply for BOI financing, provided they meet the requirements of the specific facility.
BOI says eligible businesses should have a valid BVN for the owner or directors, a verifiable business bank account and meet its credit and cash-flow assessment requirements.
Sole proprietorships, partnerships and limited liability companies registered in Nigeria may also apply, subject to documentation and credit assessment.
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Bank of Industry Loan Required Documents
Before starting your application, prepare the documents that may be required for your selected facility:
- CAC registration documents
- Valid means of identification
- BVN
- Business bank account details
- 6 to 12 months bank statements
- TIN, where applicable
- Business plan or project proposal
- Proforma invoices or quotations
- Relevant regulatory licences and approvals
- Audited financial statements where applicable
The exact requirements can vary depending on the financing facility.
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Note that submitting an application does not guarantee approval. BOI assesses applications based on eligibility, documentation, creditworthiness, cash flow and repayment capacity before deciding whether to approve, modify or reject a financing request.
Businesses should therefore ensure that all information and documents submitted through the MyBOI Portal are accurate and verifiable.
