RAPID Loan Application Portal 2024/2025 for registration has open for interested candidate who wish to venture or expanding their business. Now before you Login to RAPID website and apply online, make sure you read everything you need to know about the Rural Area Programme on Investment For Development.
Rural Area Programme on Investment For Development (RAPID) is a Financing Program for Micro and Small Businesses, as well as Community Groups Get funding and support for projects to grow micro and small businesses, and develop community infrastructure.
The objective of the programme is to assist communities in rural and economically disadvantaged areas to tap into available resources for the development of enterprises that can provide employment, improve standard of living, contribute to national growth and tame insecurity arising from youth restiveness. The Bank hopes to achieve the foregoing through the RAPID initiative by providing financial support to nano, micro and small-scale businesses in the rural locations. In addition to financial support, beneficiaries would also have access to business advisory services and training programmes to ensure business viability, growth, and sustainability.
Target Market
1) Micro and Small Businesses
2) Community Groups in Rural Areas
Features
1) Tenor: maximum of 3 years
2) Interest Rate: 5% per annum
Eligibility Criteria for RAPID
1) Completed Application Form
2) Business Plan
3) Acceptable Means of Identification
4) BVN and NIN
5) Proof of Residential Address
6) Completed Guarantor Forms
7) Other Terms and Conditions Apply
RAPID Portal Login 2024
RAPID Login Portal is rapid.boi.ng. Now, this website is currently accepting new applications. Hope you have followed us to this point because we are about to show you how you can start your RAPID application.
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How to Apply / Register for RAPID Loan 2024
To apply for the (Rural Area Programme on Investment For Development) RAPID loan, just visit rapid.boi.ng/register, fill the application form and click on register.
The deadline for submission of RAPID Loan application is 29th May, 2024.
For enquiries, Email: customercare@boi.ng | Call: 0700-CALL-BOI | 0700 225 5264 switchboard: (+234)-02-012715070-71