How you can acquire the Bank Of Agriculture Nigeria Loan and give your agricultural business a good boost is what I have properly laid down for you in this post. All you are required to have on application and the interest rate and lots more are covered.
The requirements to acquire this loan are categorized into two cadre:
- As an individual.
- As a group or cooperative society.
As an Individual
- You will need a proper filled account opening form from the bank.
- Completed Mandate / Signed Card
- Three passport photographs taken recently.
- One or two months old copy of utility bill like electricity bill or water bill. Only the photocopy is needed.
- A duly signed letter to the bank
- A duly signed letter of set-off.
- A photocopy of a nationally recognised means of identification such as National I.D Card, International Passports or Driver License etc.
- You will need to make a deposit of at least N3, 000.00 as Initial bank deposit.
As a group, company or Corporative Society.
- An account opening form, duly filled and signed.
- A completed mandate / Signed Card
- Three passport photographs each from the Executives, recently taken.
- A photocopy of any utility bill like electricity or water is to be submitted by the each of the Executive.
- A resolution to open account with the bank
- Copy of Rules or Constitution ( Original copy to be sighted)
- Original and well signed copies of Memo and Articles of the Association.
- An original and properly signed copy Certificate of Registration or Incorporation.
- A minimum amount of N10, 000.00 will be deposited as account Initial Deposit.
How to apply
Depending on which on which other categories above (Individual or group) you belong, prepare your documents.
Enter any of the BOA branch closest to you and make your request.
NOTE: There are different kinds of loans offered by the Bank of Agriculture, which are comprised of Agric and Non-agric loans.
- Agricultural micro loans
- Non-agricultural micro loans
- Agri-business loans
- Cooperative & farmers group loans
- Small and Medium enterprise loans
- Collaboration–funded and guaranteed collaborations loans.
- On-lending loans.
On application indicate which of the loans you are interested in.
The interest rate of Bank of Agriculture loan varies with the class of loan.
- SME Agricultural production has 14% interest rate per annum.
- SME Agro-processing also has 14% interest per annum.
- SME Agriculture Marketing carries 20% interest per annum.
- Micro Credit Loans Agric has 12% interest per annum.
- Micro credit loan (Non Agric form) bears 20% interest rate per annum.
- YARN & GEM products has an interest rate of 14% per annum.
Other Popular Banks That Gives Loans In Nigeria:
- Quickcheck Loan
- Ferratum Loan
- Union Bank Loan
- Ab Microfinance Bank Loan
- Snapcredit Loan
- NYSC Loan
- Fast Credit Loan
- Renmoney Loan
- Sterling Bank Loan
- Jaiz Bank Loan
The repayment plan is based on agreement, having its base on the type of investment you want to make with the loan.
What you take much note of is the interest rate of the loan you are requesting.
Pros & Cons
|Contact Number||+234 7040202222|
Branches & Head Office
Below are the various locations of Bank of Agriculture across Nigeria.
- Ohafia BOA 175 Arochukwu Road, Ohafia
- Umuahia No. 5 Nsukka Str. Umuahia
- Akoli-Menyi Uzu Akoli Road, Akoli-Menyi
- Isuochi Diocessan Building, Isuochi
- Mubi BOA Fomer S/Dale Shopping Complex, Mubi.
- Michika BOA Bawa Road, Michika
- Guyuk Tafawa Balewa Road, Guyuk
- Fufore Gurin Road Sabongari, Fufore
- Mayo-Belwa No.1 Nyakos Quarters, Mayo-Belwa.
- Ganye BOA Tafawa Balewa Road, Ganye.
- Yola After National filling station, Yola Rd. Yola, Adamawa.
AKWA IBOM STATE
- Uyo 9 Oron Road, Uyo. A/Ibom
- Abak 5, Ebom Avenue, Abak, A/ibom
- Oron 114, Oron Rd, Oron A/Ibom
- Eket 45 Hospital Road, Eket Akwa-Ib
- Ukanafun 1 Emen Uko Rd, Ikot-Akpa Ntuk
- Awka 17 Ogbunu Rd. , Awka
- Ihiala BOA Owerri-Onisha Road
- Oko BOA Ekwulobia Road, Oko
- Onitsha BOA 29 Limca Road, Onitsha
- Nteje BOA Market Road, Ntej Anambra
- Ukpo Oye-Ukpo market sqaure, Ukpo Anambra
- Shira Yana Road, Shira
- Dass Opp. Police Station, P.M.B 002 Dass
- Azare No. 18/19 Kano Road, Azare Bauchi state
- Bauchi Kaduna Road, Off A/Bello Way, Bauchi Bauchi
- Jama’are Emir’s Drive, opp. Central mosque Jama’are
- Bauchi Zonal Office Kaduna Road Off Ahmadu Bello Way, Ba
- Yenegoa 37, Jetty Road, Yenagoa.
- Sagbama Market Rd, Sagbama Centre.
- Ugbokolo Opposite Motor Park, Ugbokolo
- Zaki-biam BOA, Katsina -Ala Rd. Zaki Biam
- Gboko BOA J.S. Tarka Way P.M.B 1259, Gboko
- Oturkpo BOA 4 Ahmadu Bello Rd. G.R.A,Otukpo
- Vandekyia 6 Kaiyana Street, Vandekia Benue
- Makurdi Km. 6 Alliade B Makurdi Road, Makurdi.
- Maiduguri Shehu Laminu Way P.B.N. 1641, Maiduguri.
- Gwoza Maiduguri Road, Gwoza
- Biu Gonbe Biu Rd, Biu
- Damboa Biu-Maiduguri Road, Damboa
- Bama Bama Maiduguri Rd. Bama
CROSS RIVER STATE
- Calabar atta Market Opp. Atakpa Police Station, Calabar.
- Apiapum 12 Ikom-Calaba H/way, Apiapum
- Ogoja 1 Okuku Road, Igoli Ogoja
- Akamkpa 5 Govt Secondary School Road, Akamkpa
- Asaba 28 Denis Osadebey Road, Asaba.
- Ughelli 3 Oharisi Str, Ughelli Delta State.
- Eku 1 Ikidioka Str., Off Baptist Med. Cetre, Eku
- Onicha Okposi Road, Onicha
- Afikpo BOA 10 Eke Market Road, Afikpo
- Abakaliki No. 4 Ogoja Road, Abakaliki.
- Uburu Okposi Road, Uburu
- Akaeze Nkwobo Road, Akaeze
- Benin 3 Oba Market Road, Benin.
- Irrua Beside Police Station, Irrua.
- Ibillo 20 Efolo Rd. Ibillo
- Sabo-Ora 64 Obe Street, Sabongida Orra.
- Fugar 9 Mission Road, Fugar
- Ijero- Ekiti Beside Ajero Palace, Ijero-Ekiti Ekiti
- Ado Ekiti Opp. Erekesan Market, Ado-Ekiti.
- Ikere-ekiti Ado-Akure road, Ikere-Ekiti
- Ikole-ekiti BOA LTD. Ikole Ekiti
- Igogo-ekiti Igogo-Otun Rd, Igogo- Ekiti
- Enugu No. 11 Ogui Road, Enugu
- Oji -river Achi Road, Oji River
- Nsukka BOA 109 Enugu Road, Nsukka
- Mgbowo Chief Uka’s Compound, Mgbowo
- Enugu Zonal Office Independence Layout Enugu
- Bajoga Gombe -Potiskum Rd. Adjacent to inland bank, Bajoga
- Dadin-Kowa No. 2 Emirs drive Garin sarki Dadin -Kowa
- Gombe Gombe Bauchi Rd, Gombe
- Billiri Yola Road, Billiri
- Ideato BOA LTD. Orlu Rd. Akokwa, Ideato
- Orlu Orlu Road, Oporo, Orlu
- Owerri No.1 Tetlow Road, Owerri.
- Oguta BOA 1 Plantation Road, Oguta
- Atta BOA Eke-Atta Market, Atta
- Aboh-Mbaise BOA Obetti-Eke Nguru Mbaise
- Dutse Dutse-Kiyawa Road, Dutse
- Kazaure Kano Daura, Kanti, Kazaure
- Hadejia BOA 1 Nguru Road P. M. B. 10 Hadejia.
- B/Kudu Stadium Rd.Birnin Kudu
- Gumel BOA Hadejia Road, Gumel
- Birnin gwari BOA 5 Kaduna Road, Birni Gwari
- Zaria No 19 Turunku Rd. PZ Area, Zaria
- Kachia Kad-Kafanchan express rd, Kachia
- Kafanchan BOA 1 Kagoro Road, Kafanchan
- Head Office Yakubu Gowon Way, Kaduna
- NDA Broadcasting Rd. Kaduna
- Ikara Secretariat Complex, Ikara
- TudunWada BOA Kano Jos Road, Tundun Wada.
- Danbatta OA Kazaure Road, Dambatta
- Kano city 31/34 New City centre, Kano.
- Minjibir BOA Near Local Govt. Library, Minjibir
- Wudil BOA Kano Wudil Road, Wudil.
- Gezawa Gumel Rd, Gumel
- Kano Zonal Office 31/34 New City centre, Kano
- Katsina 11 IBB Opp. Katsina Oil Mills, Katsina
- Funtua BOA Bakori Bye-Pass, Funtua
- Jibia Kaura-Namoda Road, Jibia
- Daura 1 Along Mamman Daura Str., Daura
- Malumfashi BOA Kano-Katsina Road, Malumfashi
- Dustinma Hospital Road, Dutsin-Ma.
- Yauri BOA Yelwa, Yauri
- Zuru BOA 4 Ahmadu Bello Way, Zuru
- Argungu BOA Kanta Road, Argungu.
- B/Kebbi ahmadu Bello Way, Birnin Kebbi.
- Jega Alh. Haruna Street, Jega
- Aiyetoro BOA Kabba -Illorin Rd. Aiyetoro Gbedde
- Anyangba Egume Road, Ayangba
- Lokoja 93 IBB Way, Lokoja
- Kabba BOA Kabba B Ilorin Road, Kabba
- Ankpa BOA 64 Balewa Road, Ankpa
- Ilorin 126 Abudl Azeez Attah Road, Ilorin
- Share Kwara 8034711809
- Offa BOA opp. NEPA Office Atan B Oba, Offa
- Okuta Local Govt, Secretariat, Okuta
- Iwo-Isin Oniwa Road Iwa Isin
- Lafiagi 18 Emirs palace road. Lafiagi
- Ikeja BOA Building, NERDC Rd, Agidingbi,Ikeja Lagos.
- Somolu 192, Ikorodu Rd, Palm Grove, Lagos.
- Ajegunle 172 Ojo road Ajegunle Lagos
- Epe 53,Ayetoro Rd,Epe
- Lagos Island City Hall, Lagos Island Lagos
- Ikorodu 128 Lagos Rd, Ikorodu
- Badagry BOA,Badagry Lagos
- Agege 386 Abeokuta Express Way, Abule Egba. Lagos
- Doma 1 Rutu Road, Doma.
- Nassarawa 83 Kama Road ,Nassarawa
- Keffi BOA, Keffi.
- Akwanga Keffi Road, Akwanga
- Lafia 49 Gen. Ibrahim Babangida Way, Lafia
- Minna BOA 67 Shiroro Hotel Road, Minna.
- Kontagora Kano B Lagos road ,Kontagora
- Bida BOA B.C.C Bida Niger
- Wushishi Mustapha Road, Wushishi
- Lapai Bida Rd. Lapai Niger
- Paiko Local Govt. Secretariat, Paiko
- Suleija Umaru Faruk [Mina] road Suleja
- New Bussa BOA, Ibadan road, New Bussa
- Ago-iwoye 61,Imere Rd,Ago-Iwoye Ogun
- Sango-ota BOA 2/3 Idiroko ROAD, Sango Otta
- Odeda Abeokuta Ibadan ROAD, Odeda
- Aiyetoro Oke Oyinbo Rd, Aiyetoro
- Sagamu 1, High Court Rd, MAKUN, Shagamu
- Imeko Kango Guarter , Imeko
- Abigi Araromi Way, Ilushin road Abigi
- Abeokuta 77 Nawarudeen Rd Okeyeke, Abeokuta.
- Akure Bishop Fagun Rd, Alagbaka, Akure.
- Ondo No 30, Mode street, Yaba, Ondo
- Ikare CJ/31 Jubilee Rd,Ikare
- Owo Mapo Hall, old secretariat,Owo
- Okitipupa 54 Iretolu street, Okitipupa
- Osogbo 4C, Fagbewesa Street, Oshogbo.
- Odeomu 64 Amola street Ode Omu
- Ilesha A 49 Adeti street Iiesha
- Ifetedo Ayesan street, Ifetedo
- Ile-Ife Mayfair Lagere, IIe-Ife.
- Ila-Orangun Behind palace compound, Oilaorangun
- Agodi BOA Building Total Garden Ibadan
- Molete 231, Awolowo Way,Molete, Ibadan.
- Oyo Ishola Motors, Owode Oyo
- Iseyin No.1, Hospital Rd,Iseyin
- Iganna Beside Aganna Palace, Market Square, Igana
- Igbo ora Igbo-Ora Gramer school Igbo- ora
- Ago-Are Igbo-Ora Gramer school Ago Are
- Ibadan Zonal Office N 5B/976 Total Garden Sect Rd, Ibadan
- Pankshin BOA C3 Road, Pankshin
- Mangu Local Govt. Secretariat, Mangu
- Namu BOA, Lafia Shendam Rd. Namu
- Langtang BOA, Langtang
- Jos No. 7 Joseph Gomwalk Road, Jos.
- Barikin-Ladi BOA Jos –Mangu road, Barkin Ladi
- Shendam No 7 Wase Street, Shendam
- Port Harcourt1 88 Olu Obasanjo Road, Port Harcourt
- Aba Road 10 Aba Road, Port-Harcourt.
- Ahoada 20 Abua Rd. Ahoada
- Buguma 52 King Amachree Rd, Buguma city
- Port Harcourt Zonal Office Olu Obasanjo Road, Port Harcourt
- Sokoto Bye B Pass Road, Sokoto.
- Tambuwal Sokoto -Jega Rd, Tambuwal
- Illela 106 Birni-Konni Road, Ilella.
- Isa Sokoto Rd Isa
- Tangaza BOA, 2 Wuri Road, Tangaza
- Wukari 1st Baptist Church, Gembu Sardauna L.G.A.
- Bali Takum road, Bali
- Jalingo 28/29 Hammarwa Road, P.B.M. 1090,Jalingo
- Gembu 1st Baptist Church, Gembu Sardauna L.G.A.
- Buni-Yadi Biu-Damaturu Road, Buni Yadi
- Potiskum BOA 160 Md Idrissa Way, Potiskum.
- Fika Gadan Market Rd. Fika. Yobe
- Gashua Gashua Potiskum Rd. Gashua
- Nguru BOA Market Road, Nguru
- Damaturu iu-Maiduguri Road, Damboa
- Gusau Sokoto Road, Gusau.
- T/Mafara BOA Gusau-Sokoto Road, Talata Mafara
- Gummi Secretariat Road, Gummi
- K/Namoda Shinkafi Rd. K/Namoda
FEDERAL CAPITAL TERRITORY
- Abaji BOA, Abaji No. 44 Kd-Lokoja Rd.
- Wuse Plot 2A H/Macaulay Way Wuse, Abuja.
- Garki Area 2 Sections 1, Garki.
- Abuja Zonal Office Independence Avenue, Central Busines Area,P.M.B 153, Abuja