How To Apply For Development Bank of Nigeria Loan

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