Full List Of Top-Rated Banks Offering Business & Student Loans In Nigeria (2025)

In today’s economy, access to affordable loans can make or break your educational or entrepreneurial goals. Whether you're a student looking to pay tuition or a small business owner seeking capital, choosing the right loan provider is critical.

To help you avoid trial-and-error, we've compiled a full list of Nigeria’s best-rated commercial banks that offer business and student loan services. These banks are trusted, customer-focused, and offer flexible terms to match your needs.

Best Banks That Offer Business Loans in Nigeria (2025)

Bank	Loan Type	Loan Range	Interest Rate (Yearly)	Special Features
Access Bank	SME Loans, LPO, Overdraft	₦100K – ₦50M+	Competitive rates	Business advisory, collateral-free options available
GTBank	QuickCredit for Business	₦100K – ₦5M+	Flexible	Fast processing, easy app access
UBA	SME Loans, Working Capital	₦100K – ₦10M+	Flexible	Tailored solutions for small businesses
Zenith Bank	MSME Loans, Asset Financing	₦100K – ₦10M+	Market-based	Includes trade finance & overdrafts
First Bank	FirstSME Loans, Term Loans	₦100K – ₦5M+	Varies	Access to SME seminars & tools
Fidelity Bank	SME-Friendly Loan Options	₦100K – ₦5M+	Affordable	Empowering women & youth through SME packages
Wema Bank	ALAT for Business	₦100K – ₦5M+	Moderate	Fully digital loan application
FCMB	Flexi Loans, SheVentures	₦100K – ₦10M+	Very Low (Women Loans)	Zero-interest loans for women-led businesses
Stanbic IBTC	SME Loans, Inventory Finance	₦100K – ₦10M+	Market competitive	Great for agribusiness and import/export SMEs
Ecobank	SME Loans, Working Capital Loans	₦100K – ₦10M+	Customer-specific	Access to Pan-African SME markets

Best Banks That Offer Student Loans in Nigeria (2025)

Bank	Loan Product	Loan Range	Interest Rate	Repayment Term	Key Features
Access Bank	Access Student Loan	₦50K – ₦5M	9% – 20%	6 – 12 months	Directly paid to school
First Bank	FirstEdu Loan	₦50K – ₦10M	9% – 15%	Up to 24 months	For school fees, books, and accommodation
GTBank	School Fees Advance	₦50K – ₦5M	10% – 15%	Up to 12 months	Seamless processing via GTWorld app
UBA	Education Loan	₦50K – ₦5M	8% – 14%	Up to 12 months	Quick disbursement with minimal paperwork
Zenith Bank	Education Finance	₦50K – ₦10M	14% – 20%	Up to 24 months	Ideal for local and foreign education expenses
Fidelity Bank	EduLoan	₦50K – ₦10M	Flexible	Up to 12 months	Covers travel, accommodation, school fees
Union Bank	Student Loan	₦50K – ₦3M	As low as 9%	Up to 12 months	Minimal documentation required
Stanbic IBTC	Education Support Loan	₦50K – ₦10M	Competitive	Up to 12 months	Flexible repayments, parent support

How to Qualify for a Loan

Whether for business or study, qualifying generally requires:

A valid ID and BVN
An active bank account
Proof of income or tuition need
(For businesses) CAC certificate or business plan

Tips for Getting Your Loan Approved Faster

Keep your credit history clean
Don’t apply for too many loans at once
Submit complete documentation
Use a bank where you already have a savings or current account
Apply early before school term or business peak season

Final Thoughts

Getting a loan in Nigeria is now more streamlined than ever. With banks embracing digital platforms and supporting young professionals, business owners, and students, access to credit is no longer out of reach.

Whether you’re building a business or furthering your education, one of these banks has a plan that fits your goals.