The Development Bank of Nigeria (DBN) is now providing loans to new and existing business owners across Nigeria in order to encourage the sale of their businesses and long-term economic development.
Entrepreneurs with a creative and inventive attitude, as well as those whose firms provide solutions and jobs to society, are eligible for the DBN loan. You can apply for the DBN loan if you have a business idea or already own a firm in Nigeria.
The loan is open to all Micro, Small and Medium Enterprises (MSMEs) working in productive enterprises, whether they are new or established. They must, however, be clients of qualified financial institutions.
DBN plans to give money and risk-sharing guarantees to Participating Financial Institutions (PFIs), who will subsequently lend to end beneficiaries.
PFIs, which include Commercial Banks, Microfinance Banks, Development Finance Institutions (DFIs), and other Financial Institutions, can access DBN loans.
The DBN loan payback length is flexible (up to 10 years with an 18-month moratorium period), and the interest rates are market-competitive and totally financially sustainable.
How to Apply For A DBN Loan
You can apply for a DBN loan at any Commercial Bank, microfinance bank, Development Finance Institution (DFI), or other financial institutions in Nigeria.
The Bank evaluates the business and loan purpose, and if its evaluation is favorable, it submits a funding request to DBN.
DBN will disburse to the Bank for on-lending to end borrowers if the loan is approved by DBN. By contacting any of the banks listed below, you can apply for the DBN loan 2022 through any of these PFIs:
| Access Bank Plc | Onyinyechi.Uba@ACCESSBANKPLC.com, CorporateFinance@ACCESSBANKPLC.com, Oreoluwa.Adeyemo@ACCESSBANKPLC.com, Omotolani.Ketiku@ACCESSBANKPLC.com, Moses.Osondu@ACCESSBANKPLC.com |
| Ecobank Nigeria Bank Plc | Ebere Onyenweaku – eonyenweaku@ecobank.com, TOLARINDE@ecobank.com |
| Fidelity Bank Plc | Osaigbovo Omorogbe – osaigbovo.omorogbe@fidelitybank.ng, Jennifer.David-Ake@fidelitybank.ng, Chiwuike.Okere@fidelitybank.ng To get a loan, Click Here |
| FCMB Ltd | Oluremi Agboola – Oluremi.Agboola@fcmb.com, George.Ogbonnaya@fcmb.com, Toyin.Ajibulu@fcmb.com To get a loan, Click Here |
| First Bank Nig Ltd | DBNFUNDS@FIRSTBANKNIGERIA.COM |
| GTBank | lucia.jaiyeola@gtbank.com, kelvin.biiranee@gtbank.com To get a loan, Click Here |
| Providus Bank | Enyinnaya Akagha – eakagha@providusbank.com |
| Stanbic IBTC Bank Plc | Umeasala, Damian – Damian.Umeasala@stanbicibtc.com, Ojosipe, Ayodele – Ayodele.Ojosipe@stanbicibtc.com To get a loan, Click Here |
| Sterling Bank Plc | businessbanking@sterling.ng |
| Union Bank of Nig Plc | aoordia@unionbankng.com, aebassey@unionbankng.com, SMEProduct@unionbankng.com To get a loan, Click Here |
| Wema Bank Plc | Ololade.Adekunle@wemabank.com, Arthur.Nkemeh@wemabank.com To get a loan, Click Here |
| AB Microfinance Bank Nigeria Ltd | Oladapo.Ikupolati@ab-mfbnigeria.com, Olukorede.Ekundebe@ab-mfbnigeria.com |
| Accion Microfinance Bank Limited | Ndubuisi Onuoha – nonuoha@accionmfb.com, Adetokunbo Elliot – aelliot@accionmfb.com, Emeka Uzowulu – euzowulu@accionmfb.com, uchukwu@accionmfb.com |
| Addosser Microfinance Bank | Olusola Howells – howells.olusola@addosser.com, deji.sobulo@addosser.com, oluwaseun.adekanbi@addosser.com |
| Astra Polaris MFB | Onifade Abimbola – abimbola.onifade@astrapolaris.com, info@astrapolaris.com, |
| Baobab Microfinance Bank | Achenyo Oyibo – aoyibo@baobab.bz, cgwehi@baobab.bz |
| Bosak Microfinance Bank | Toyin Peters – toyinpeters@bosakmfb.com, teepeeters@gmail.com, FrancisAtiri@bosakmfb.com To get a loan, Click Here |
| Davodani Microfinance Bank | johne.ologe@davodanimfb.com, aayotomi@davodanimfb.com, ayodejitomi@yahoo.com, soyebisi@davodanimfb.com, ufelix@davodanimfb.com |
| FSDH Merchant Bank | Ayodele Akinwunmi – aakinwunmi@fsdhgroup.com |
| HASAL Microfinance Bank | bukola.afariogun@hasalmfb.com, njoel-ezeugo@hasalmfb.com To get a loan, Click Here |
| Infinity Microfinance Bank Ltd | Oludotun Adewunmi – g.adewunmi@infinitymfb.com, oludotunadewunmi@yahoo.com, s.ogunniyi@infinitymfb.com |
| Infinity Trust Mortgage Bank | Abiodun Akanbi – abiodun.akanbi@itmbplc.com |
| Jubilee Life Mortgage | Kushiro Roli – rolikushimo@jubileelifeng.com |
| La Fayette Microfinance Bank Limited | eodetayo@advans-lfmfb.com |
| LAPO Microfinance Bank Ltd | Efosa Aigbe – efosa.aigbe@lapo-nigeria.org, hope.ogbe@lapo-nigeria.org |
| Mainstreet Microfinance Bank Ltd | Adegoke E. Adegbami – aadegbami@mainstreetmfb.com, midris@mainstreetmfb.com, midris@mainstreetbankmfb.com |
| Microvis Microfinance Bank | oolaiya@microvismfbank.com, oaustin@microvismfbank.com, eokpanachi@microvismfbank.com |
| NPF Microfinance Bank Plc | Rotimi Dada – rotoyin1159@gmail.com, rdada@npfmicrofinancebank.com, cwosu@npfmicrofinancebank.com, chima_wosu@yahoo.com |
| Parallex Microfinance Bank | abimbola.akande@parallexbank.com, femi.otenigbagbe@parallexbank.com |
| Regent Microfinance Bank | fatima.rufai@regentmfb.com |
| Seedvest Microfinance Bank | Kehinde Oyeleke – kehinde.oyeleke@seedvestgroup.com, oyelek@yahoo.com, omololaakinjoko1@gmail.com, jannybee1@live.com |
| Stanford Microfinance Bank | Vincent Aluu – nellyvingroup@gmail.com |
| Trust Microfinance Bank | trustmfb@yahoo.com, debanjajayi@gmail.com, Sodiyasamusideen@yahoo.com |
Note that the DBN Loan is only available to new and existing MSMEs.
Source: Nyscinfo
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