Business Loans

Bosak Trade Loan (BTL)

This is the bank’s flagship loan product. It is made available to economically active poor members of informal self-help groups or associations involved in trade activities and whose risk profiles are acceptable to the bank.

Micro-clients can access up to N250,000.00 under this product repayable weekly in 23 installments.

Pricing

  • Interest rate: 3% per month
  • Upfront fees: 1.5%
  • Loan Assurance: 1.75%
Bosak Trade Loan (BTL)

Bosak Auto Technician Support Loan

This is similar to the Bosak Trade Loan. The only line of difference is that it is available exclusively to Auto Technicians (Mechanics).

Pricing

  • Interest rate: 3% per month
  • Upfront fees: 1.5%
  • Loan Assurance: 1.75%
Bosak Auto Technician Support Loan

Bosak Asset Finance Loan

This is a loyalty loan product meant for purchase of income generating assets for small business owners. They include generators, milling machines, sewing machines, deep freezers, etc.

A maximum access to this product is N120,000.00 repayable over a maximum period of 12 months.

Pricing

  • Interest rate: 3% per month
  • Upfront fees: 0.5%
  • Loan Assurance: 1.75%
Bosak Asset Finance Loan

Bosak Trade Support Loan

This product provides larger loan amount and offers features of individual loan to clients who qualify and meet the bank's risk acceptance criteria determined through their micro lending activity with the bank for a period of 24 months. They must however, remain members of existing Bosak Trade Loan group.

Pricing

  • Interest rate: 3% per month
  • Upfront fees: 0.5%
  • Loan Assurance: 1.75%
Bosak Trade Support Loan

Bosak Mid-Term Loan (BMTL)

BMTL is a loan with all the properties of BTL which can be offered to an existing borrower who is mid-way into a BTL cycle.

Pricing

  • Interest rate: 2% per month
  • Upfront fees: 1.5%
  • Loan Assurance: 1.75%
Bosak Mid-Term Loan (BMTL)