Nigeria's No #1 Entrepreneurship/Business Blog

How to Apply for Development Bank of Nigeria (DBN) 10 years Loan in Nigeria

Who Qualifies For The DBN Loan?
All MSMEs (start up or existing) involved in productive enterprises are eligible for the loan. However, they must be customers of eligible financial institutions.
DBN is poised to provide funding and risk-sharing guarantees through Participating Financial Institutions (PFIs), who will then on-lend to end beneficiaries.
DBN loans can be accessed through PFIs, which include Commercial Banks, Microfinance Banks, Development Finance Institutions (DFIs) and other Financial Institutions.
DBN loan repayment tenure is flexible (up to 10 years with a moratorium period of up to 18 months) and the interest rates are on a market-conforming and fully financially sustainable basis.
How to Get A DBN Loan?

11.       Visit your bank: Commercial Bank, Microfinance Bank, Development Finance Institution (DFI) and other Financial Institutions and indicate you want to apply for a DBN Loan.
22.    The Bank appraises the business and loan purpose, and if its assessment is favourable, the Bank applies to DBN for funding.
  3. If DBN approves the loan, DBN will disburse to the Bank for on-lending to end borrowers.

You can access the DBN loan through any of these PFIs by contacting any of the banks listed below:
Access Bank Plc
Ecobank Nigeria Bank Plc
Fidelity Bank Plc
First Bank Nig Ltd
Stanbic IBTC Bank Plc
Sterling Bank Plc
Union Bank of Nig Plc
Wema Bank Plc
AB Microfinance Bank Nigeria Ltd 
Addosser Microfinance Bank 
Baobab Microfinance Bank 
Achenyo Oyibo –,
Bosak Microfinance Bank 
HASAL Microfinance Bank 
Infinity Microfinance Bank Ltd 
LAPO Microfinance Bank Ltd
Mainstreet Microfinance Bank Ltd
Microcred Microfinance Bank Ltd
Omar Niaz –
NPF Microfinance Bank Plc
Parallex Microfinance Bank
Seedvest Microfinance Bank
Accion Microfinance Bank Limited
La Fayette Microfinance Bank Limited
Davodani Microfinance Bank
Trust Microfinance Bank

Hey, wait!

Before you go, let us notify you on our next Post