Bosak Salary Loan (BSL)
Bosak Salary Loan (BSL) is a convenient and reliable loan product designed specifically for salaried employees of government agencies and reputable corporate organizations. It provides quick access to funds, helping customers effectively manage their cash flow and meet urgent financial needs without unnecessary stress.
Whether you need to pay school fees, settle rent, cover medical expenses, or meet other essential personal obligations, Bosak Salary Loan offers a flexible and timely financial solution to keep you moving forward with confidence.
Loan Limit: Loan Amount Not more than N5 million
Duration (Tenor): 6-12 Months
Repayment: Monthly
Pricing:
Interest Rate: 6% Flat Monthly
Upfront Fee: 1.5% Management Fee
Loan Assurance: 1% of Loan Amount
Bosak Trade Loan (BTL)
Bosak Trade Loan is a convenient product offered by Bosak Microfinance Bank to
Traders and Artisans to purchase stock and expand their business.
Group Membership: Minimum of 7 members per group
Loan Amount (Minimum of ₦200,000)
Duration (Tenor): 24 weeks (6 months)
Repayment: Weekly repayment within 24 weeks with 1 week moratorium
Pricing:
Interest Rate: 4% flat monthly
Upfront Fee: 1.5% flat
Loan Assurance: 1.25% of loan amount
Bosak Auto-Technician Support Loan (BATSL)
Are you an Auto-Technician (Mechanic)? You can access up to ₦500,000.00 working
capital to expand your business and acquire modern auto-repair equipment.
Group Membership: Minimum of 7 members per group
Loan Amount (Minimum of ₦200,000)
Duration (Tenor): 24 weeks
Repayment: Weekly repayment within 24 weeks with 1 week moratorium
Pricing:
Interest Rate: 4% flat monthly
Upfront Fee: 1.5% flat
Loan Assurance: 1.25% of loan amount
Bosak Education Loan (BEL)
Bosak Education Loan (BEL) is a loyalty loan product designed to assist customers offset their child (ren)/ward school bills – primary, secondary or tertiary – without depleting their working
capital.
Loan Amount (Minimum of ₦100,000)
Duration (Tenor): 4 months
Repayment: Monthly repayment
Pricing:
Interest Rate: 2.5% flat monthly
Management Fee: 0.5% flat
Loan Assurance: 1.25% of loan amount
Bosak Asset Finance Loan (BAFL)
Bosak Asset Finance Loan is a loyalty loan product designed to enable small business owners acquire tangible business assets that will boost their income generating
capacity.
Loan Amount (Minimum of ₦200,000)
Duration (Tenor): 4 or 12 months
Repayment: Monthly repayment
Warranty: Assets are purchased from verified merchants to ensure valid warranty
Pricing:
Interest Rate: 3.5% flat monthly
Upfront Fee: 0.5% flat
Loan Assurance: 1.25% of loan amount
Bosak Trade Support Loan (BTSL)
Bosak Trade Loan avails a larger working capital to long-standing clients with good credit record to boost their income generating capacity.
Loan Amount (Minimum of ₦200,000)
Duration (Tenor): 6 or 9 months
Repayment: Monthly repayment
Pricing:
Interest Rate: 3.5% flat monthly
Upfront Fee: 1.5% flat
Loan Assurance: 1.25% of loan amount
Bosak Mid-Term Loan (BMTL)
Bosak Mid-Term Loan addresses the needs of BTL clients who mid-way into their loan, have real need to restock their shops and boost sales.
