How To Apply For Baobab Loan

By Olawale Olokede June 25, 2022 Loan Review 30 Comments

This article is about how to apply for Taka Loan and Baobab Instant Loan which gives access to quick and instant loan in Nigeria.

Need an immediate loan? Apply through Taka Loan, or any other top loan app and you will be funded within 3 hours, 24 hours, or less. Our trusted loan apps are free of hidden fees and require no collateral. Taka loan is one of these reputable platforms for emergency loans.

TAKA Loan is a micro loan that can be used to pay for emergency and urgent cash if the applicant is a Nigerian citizen and resides in Nigeria. Customers will only need to visit the branch to receive their loan. However, you can apply for a Taka loan online

For individuals who apply for an emergency cash loan, the platform promises to provide a Taka loan of up to 150,000NG in a maximum period of 2 weeks to one month. It claims that the quicker you pay, the faster you will be able to get a Taka loan with a greater amount.

If you need quick loans, you can apply from other platforms.

If you’re a owner of a business, you can apply to Baobab Loans for larger loan amounts. You can use the funds to expand and grow your business.

It is also worth mentioning that you can apply for an cash advance loan if your credit rating is not good or poor.

Below are the various types of Baobab loans available from Baobab Microfinance Bank.

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

Click HERE to Apply for a Taka Loan

Click HERE to apply for a Baobab loan for a higher amount

Table of Contents

Frequently Asked Questions about Taka Loan and Baobab Business Loans

CAN I REPAY A TAKA LOAN BEFORE THE AGREED DATES

Yes! Yes! You can pay off your TAKA loan in full at any BAOBAB branch. Your next TAKA amount will be greater if you pay it back within 15 business days.

CAN I APPLY TO GET A Baobab LOAN IN A BRANCH

No, you can check your eligibility without going to a branch and make your Taka loan.

WHAT WILL HAPPEN TO THE REPAYMENT OF MY Baobab LOAN?

To make a deposit at your Baobab branch, tell the operator it is to refund your baobab. You are required to repay the entire loan and the interest in full before the term ends. The refund will be confirmed by SMS.

What are the fees associated with Baobab?

There are no fees or interest rates. A commission of 6% will be charged for the refund.

You can Apply For Quick Loan Using These Loan Apps

These loan apps are only for urgent loan for personal needs, they are all genuine loan apps

Kmimk Loan Application

Nairabag

Yeah 9ja

Easy Buy

About Author

metronaija

Mr Olawale Olokede is a registered loan officer and worked for over 10 years as a senior financial consultant for accounting, finance and business management firms in Nigeria. Mr Olawale Olokede implemented and supervised financial and loan solution to Lagos based small and medium scale businesses after lecturing at the Lagos Business school. He is channeled his writing skills and passion for blogging to set up Lending Naija with over 50 reviews on different loan application and downloads.