Baobab Loan

Grow and expand your business with us. A range of

easily accessible loans

Our products

Micro Loan+ Baobab_ng

Micro+ Loan


SME Loan


Guarantee Loan

Asset Finance

Building Loan


SME Loan

How does it works

01 Step

Application form

The application form on our website


02 Step

The call center calls you back

Customer service will call you back and redirected you to the nearest branch.

03 Step

Appointment in a branch

Nearest branch to pick up an application form.

04 Step

Open an account

Duly filled form with necessary documents.


Our minimum loan amount is N50,000 and a Maximum amount of N50,000,000. Both depend on the borrower’s repayment capacity assessed based on verifiable business inventory and other criteria.

What we offer are business loans for businesses that are already in existence/operation, and housing/house improvement loans.

In order to access our loan facility, certain criteria must be met. Firstly, you must possess a business. Additionally, the location of your business must be within our bank’s lending area, which encompasses the following states: Anambra, Lagos, Oyo, Kwara, Kaduna, Kogi, Rivers, Plateau, Abia, Niger, Ogun, and Abuja. Furthermore, your business must have been in operation for a specified period of time.

It doesn’t take longer than it ought to as long as the necessary requirements are adequately met (less than 3 working days).

Our interest rate differs depending on the loan amount. However, it is very competitive.

No fee or mandatory account opening is required before you can get a loan from us.