The Development Bank of Nigeria is currently giving loans to start-up entrepreneurs and existing business owners to foster the sale of their business ventures and sustainable economic development.
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The DBN loan is aimed towards entrepreneurs who have creative and innovative mindsets and those whose businesses are providing solutions and jobs to society. If you currently have a business plan or already own a business within Nigeria, you can apply for the DBN loan application 2022.
All MSMEs (start-up or existing) involved in productive enterprises are eligible for the loan. However, they must be customers of eligible financial institutions.
| SEE ALSO: Quick Way to Apply for IPPIS loan in Nigeria 2022 |
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 2022
- 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.
- The Bank appraises the business and loan purpose, and if its assessment is favourable, the Bank applies to DBN for funding.
- If DBN approves the loan, DBN will disburse to the Bank for on-lending to end borrowers.
| SEE ALSO: Households and Businesses to expect more loans in 2022- CBN |
You can access the DBN loan 2022 through any of these PFIs by contacting any of the banks listed below:
| Access Bank Plc | [email protected], [email protected], [email protected], [email protected], [email protected] |
| Ecobank Nigeria Bank Plc | Ebere Onyenweaku – [email protected], [email protected] |
| Fidelity Bank Plc | Osaigbovo Omorogbe – [email protected], [email protected], [email protected] To get a loan, Click Here |
| FCMB Ltd | Oluremi Agboola – [email protected], [email protected], [email protected] To get a loan, Click Here |
| First Bank Nig Ltd | [email protected] |
| GTBank | [email protected], [email protected] To get a loan, Click Here |
| Providus Bank | Enyinnaya Akagha – [email protected] |
| Stanbic IBTC Bank Plc | Umeasala, Damian – [email protected], Ojosipe, Ayodele – [email protected] To get a loan, Click Here |
| Sterling Bank Plc | [email protected] |
| Union Bank of Nig Plc | [email protected], [email protected], [email protected] To get a loan, Click Here |
| Wema Bank Plc | [email protected], [email protected] To get a loan, Click Here |
| AB Microfinance Bank Nigeria Ltd | [email protected], [email protected] |
| Accion Microfinance Bank Limited | Ndubuisi Onuoha – [email protected], Adetokunbo Elliot – [email protected], Emeka Uzowulu – [email protected], [email protected] |
| Addosser Microfinance Bank | Olusola Howells – [email protected], [email protected], [email protected] |
| Astra Polaris MFB | Onifade Abimbola – [email protected], [email protected], |
| Baobab Microfinance Bank | Achenyo Oyibo – [email protected], [email protected] |
| Bosak Microfinance Bank | Toyin Peters – [email protected], [email protected], [email protected] To get a loan, Click Here |
| Davodani Microfinance Bank | [email protected], [email protected], [email protected], [email protected], [email protected] |
| FSDH Merchant Bank | Ayodele Akinwunmi – [email protected] |
| HASAL Microfinance Bank | [email protected], [email protected] To get a loan, Click Here |
| Infinity Microfinance Bank Ltd | Oludotun Adewunmi – [email protected], [email protected], [email protected] |
| Infinity Trust Mortgage Bank | Abiodun Akanbi – [email protected] |
| Jubilee Life Mortgage | Kushiro Roli – [email protected] |
| La Fayette Microfinance Bank Limited | [email protected] |
| LAPO Microfinance Bank Ltd | Efosa Aigbe – [email protected], [email protected] |
| Mainstreet Microfinance Bank Ltd | Adegoke E. Adegbami – [email protected], [email protected], [email protected] |
| Microvis Microfinance Bank | [email protected], [email protected], [email protected] |
| NPF Microfinance Bank Plc | Rotimi Dada – [email protected], [email protected], [email protected], [email protected] |
| Parallex Microfinance Bank | [email protected], [email protected] |
| Regent Microfinance Bank | [email protected] |
| Seedvest Microfinance Bank | Kehinde Oyeleke – [email protected], [email protected], [email protected], [email protected] |
| Stanford Microfinance Bank | Vincent Aluu – [email protected] |
| Trust Microfinance Bank | [email protected], [email protected], [email protected] |
Note: The DBN Loan is only for Start-up and existing MSMEs Businesses.