This article is about how to apply for Taka Loan and Baobab Instant Loan which gives access to quick and instant loans 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 microloan 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 an 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 a 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
Cross- and Group Guarantee Loan
Click HERE to Apply for a Taka Loan
Click HERE to apply for a Baobab loan for a higher amount
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Frequently Asked Questions about Taka Loans 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 making your Taka loan.
WHAT WILL HAPPEN TO THE REPAYMENT OF MY Baobab LOAN?
To 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.