Get Baobab Microfinance Bank Business Loan, compare and pay less

Access up to ₦50m for your business without collateral with a flexible repayment model for a 6 – 24 months tenor.

baobab mfb



20k – 50m



Monthly Interest

Baobab Microfinance Bank Business Loan Calculator

Use the below calculator to figure out how much you will need to pay back taking this Baobab Microfinance Bank business loan

Two columns
Loan Calculator
Name Total
"{{getWooProductName}}" has been added to your cart
Have a promocode?
Promocode Hide Show

About Baobab Microfinance Bank Business Loan

With a Baobab Microfinance Bank business loan, you can obtain a credit facility up to ₦50, 000, 000 without collateral. After your documents are assessed, you will get funded within 72 hours but here are what you need to know.



Loan value starting from ₦20, 000 to a maximum of ₦50, 000, 000 can be accessed depending on your business profile.


Interest Rate

It comes with a monthly interest fee of 5%.



The Baobab MFB business loan has a loan tenor starting from 6 months to a maximum of 24 months.

Baobab Microfinance Bank Business Loan Terms

Here are the terms you need to know before applying for this loan.

  • Credit Amount: ₦50, 000 – ₦50, 000, 000
  • Interest Rate: 5% per month
  • Tenor: 6 – 24 months

How Baobab Microfinance Bank Loan for SME Compare to Other Lenders

[wptb id=4981]

Options to Baobab Microfinance Bank Business Loan

Baobab Microfinance Bank business loan is open to every business that satisfies its criteria above. That you do not need to have an existing account with the bank to apply makes it worth considering.

If you can provide evidence that you have a valid business that has been active with a bank account for at least six months, you can request a Baobab Microfinance Bank business loan to finance your operations.

For you and your business to stand a better chance, apply with an account that has a good credit history. That with an excellent credit history stands a higher possibility of improving your acceptance for a loan.

For some of its terms and conditions, you might not be qualified to get the needed facility for your business after credit score checks.

If your application did not go as expected, there are other lenders that can help with the funds you need to finance your operations.

How to Apply for Baobab Microfinance Bank Business Loan

Baobab Microfinance Bank Business Loan


Applying for a Baobab Microfinance Bank business loan takes a few steps. Below are the processes you can use to access the loan facility for your SME:

  • Apply directly here to get rates from different lenders or simply refer to the Baobab Microfinance Bank loan portal
  • Fill in the required personal details as well as that for your business (you should have your business’ Corporate Affairs Commission documents ready as well as your nationally recognised identifications) need to be submitted with the form
  • Once you have filled in all the required details and needed, submit it
  • You might need to visit the bank’s location for final processing

Approval for the Baobab Microfinance Bank business loan is conditional on the eligibility check on your business account. The maximum amount you can get could also be based on your monthly business revenue.

Once the checks are done and your business is eligible, you will get feedback within 72 hours.


While we might receive compensation from a provider, our reviews are made considering you first.

Customer Support

We are committed to your satisfaction. Do reach out to us for any required clarification.


We recommend products and services from a provider/brand we trust for your safety.


Happiness Crew
Stay Glued!

This Post Has 2 Comments

  1. Bakare seyi

    I would like to send an Email to the customer care service for a better communication. Please kindly drop a functioning Email address..

    1. Happiness Crew

      Hi Bakare,

      Kindly visit their website for more information.

Leave a Reply