Apply For BAOBAB Loan 2022 - Quick Access To Loans (N20,000)

Using reliable platforms like the Baobab loan platform can serve as a better alternative to solve your financial issues be it business growing finance issues or personal such as rent among others.

It’s every day we see people search online looking for loans to solve either their personal finance issues or to help grow their businesses and sometimes it is hard to find a genuine and fast loan provider as there are a lot of swindlers.

About Baobab Group

Founded in 2005, Baobab Group now provides tailored financial services including microcredit, loans, and savings products to almost 425,000 financially underserved entrepreneurs and individuals in eight countries on the African continent and in China.

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Over 4,000 employees work together to simplify banking and meet the needs of their customers.

Baobab currently provides easy and simple financial services which are targeted at improving the economy of countries they operate in for a better future for citizens.

List of Baobab Services:

Baobab Loans
Taka Loan
Baobab Savings
Channels

Baobab Loans Requirements

To apply for Baobab Loans you will have to meet some requirements in order to be approved for a loan. The requirements need are listed below:

You must own a business
Business must have been in existence for some period
Your location must be in Lagos State, Oyo State, and Ogun State

Baobab Loans

Baobab Loans was created as part of the Baobab company’s services to its clients so as help them grow, these loans start from N20,000 to N50 Million Naira.

Loan duration is from One (1) month to Twenty Four (24) Months and can easily spread through with minimum administrative procedures.

Baobab Loans Categories:

Baobab loans have lots of products to offer its clients, the loans include the following products:

Mini Micro Loan
Micro Loan
Micro+ Loan
SME Loan
Cross and Group Guarantee Loan
Asset Finance

Mini Micro Loan

This loan category provides you with a loan amount of N20,000 – N100,000 Naira and can be repaid by spreading through 6 to 12 months and it is accessible to business owners.

Micro Loan

Micro Loan provides you with a loan value of N100,000 – N500,000 Naira and can be repaid by spreading through 6 to 12 months and can be accessed by business owners alike.

Micro+ Loan

This loan category provides you with loan amounts from N500,000 – to N2,000,000 Naira and can be repaid by spreading through 6 to 18 months, it can be accessed by business owners.

SME Loan

SME loan is another loan option that gives you access to loan amounts from 2,000,000 to 5,000,000 and can be easily repaid spread over 6 to 18 months and can be accessed by business owners.

Cross and Group Guarantee Loan

This loan category provides you with a loan value of N20,000 – N500,000 Naira and can be repaid by spreading through 6 months. It is also easily accessible by business owners.

Quick Read: List Of 8 Best Loan Apps in Nigeria For Quick Loans

Asset Finance

Asset Finance is another loan category that gives you access to loan amounts of N20,000 – N50,000,000 Naira which can be easily spread through the period of 6 to 12 months for easy repayment. This loan can also be accessed by interested business owners.

How to Apply for Baobab Loan

Applying for Baobab Loans is easy as long as you have met all the requirements. To apply for a loan with Baobab follow the below steps:

Visit the Baobab Website portal
Scroll down the page and select your loan amount with the duration
Now click on Start Now
Fill out the application form on the website
Wait for a call from the Call Center
Discuss your loan and go to the nearest branch
Get an application form and fill it
Submit the duly filled form at the nearest branch

Baobab Savings

This Baobab service allows you to invest your money and then interest based on the amount and duration of the investment. This is what is also known as making your money work while you sleep. You can read more about Baobab Savings Service.

E-Channels (Baobab Fast)

BAOBAB FAST is an instant transfer solution that enables customers to transfer funds from their Baobab account to other Bank accounts by visiting any of the Baobab Banks branches.

Read more about the Baobab E-Channels application and Benefits above.

Baobab Customer Care

Baobab Address: 16E Amhmadu Bello Way, CB Finance House. Kaduna

360, Murtala Muhammed Way, Yaba, Lagos, Nigeria.

Baobab Phone Number: +234 813 081 2526

Baobab Email: customercareng@baobabgroup.com

Baobab Working Days/Hours: Monday – Friday 8:30 AM – 5:30 PM, Saturday 10:00 AM – 3:00 PM