The Bank of Industry (BOI) has officially launched MyBOI, a new online portal designed to simplify how Nigerian businesses access financing. The platform, which went live on Friday, October 2, 2026, allows entrepreneurs to complete loan applications and monitor their progress without visiting a physical office.
The portal provides access to both conventional loans and non-interest financing facilities for new and existing customers. According to BOI, the platform aims to streamline the application process, improve customer experience, and reduce delays associated with manual paperwork.
Who Can Apply for BOI Loans Through MyBOI?
Nigerian businesses seeking financing from BOI can apply through the portal, subject to the eligibility requirements of the particular financing facility. Applicants must provide their company registration details and complete the bank’s customer verification and assessment procedures.
First-time users must have a valid company registration number, such as an RC or BN number, a valid email address, and the necessary company information. Applicants must also complete identity verification and know-your-customer (KYC) checks, which may require their Bank Verification Number (BVN), National Identification Number (NIN), identification documents, and proof of address.
The bank offers both conventional and non-interest financing options. However, submitting an application does not guarantee approval, as every request is subject to credit assessment and other eligibility requirements.
Step-by-Step Guide to Applying for a BOI Loan Online
Interested business owners can follow these steps to apply through the official MyBOI Portal:
- Register on the portal: First-time applicants should visit the website and create an account using their company registration number, email address, and other required business details. A one-time password (OTP) will be sent to the registered email address for verification.
- Complete customer onboarding: New customers must complete the onboarding process, which includes identity verification, KYC compliance, and submission of relevant business information. The portal validates details such as company name, registration number, BVN, NIN, and bank account information. Existing BOI customers who have already completed onboarding can proceed directly to the financing application stages.
- Complete the required assessments: Applicants must complete the mandatory impact and sustainability assessments before submitting their financing requests. These assessments help BOI evaluate the proposed project's expected development impact and relevant environmental, social, and governance considerations.
- Select a financing facility: After completing the assessments, applicants should log in to their dashboard and select the option to apply for a facility. They must provide details about the amount requested, the purpose of the financing, the repayment period, the proposed repayment source, and other information required by the bank.
- Upload supporting documents: Applicants must upload required documents through the portal's documentation section. Depending on the business and financing facility, these may include company registration records, identification documents, financial statements, bank statements, business plans, and collateral information. BOI provides a document checklist and application guidance to help applicants identify relevant requirements.
- Submit and track the application: After completing the forms, uploading documents, and making necessary declarations, applicants can submit their review requests. Customers can then log in to their dashboards to monitor application updates and respond to requests for additional information or corrections.
Related Government Loan Programmes
Earlier, Legit.ng reported that the Nigerian government is set to empower market women, small-scale traders, and artisans with access to zero-interest loans of up to N100,000 through its upcoming programmes, MarketMoni and TraderMoni. MarketMoni will provide market women with interest-free loans to grow working capital, restock inventory, and expand their businesses. Beneficiaries will enjoy zero collateral, a 3-month moratorium before repayment, and nationwide coverage across all six geopolitical zones.
