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August 16, 2023

Development Bank of 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

  1. 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.
  2. The Bank appraises the business and loan purpose, and if its assessment is favorable, 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 PlcOnyinyechi.Uba@ACCESSBANKPLC.com,
CorporateFinance@ACCESSBANKPLC.com,
Oreoluwa.Adeyemo@ACCESSBANKPLC.com,
Omotolani.Ketiku@ACCESSBANKPLC.com,
Moses.Osondu@ACCESSBANKPLC.com
Ecobank Nigeria Bank PlcEbere Onyenweaku –eonyenweaku@ecobank.com,
TOLARINDE@ecobank.com
Fidelity Bank PlcOsaigbovo Omorogbe –osaigbovo.omorogbe@fidelitybank.ng,
Jennifer.David-Ake@fidelitybank.ng,
Chiwuike.Okere@fidelitybank.ng

To get a loan,Click Here

FCMB LtdOluremi Agboola –Oluremi.Agboola@fcmb.com,
George.Ogbonnaya@fcmb.com,
Toyin.Ajibulu@fcmb.com

To get a loan,Click Here

First Bank Nig LtdDBNFUNDS@FIRSTBANKNIGERIA.COM
GTBanklucia.jaiyeola@gtbank.com,
kelvin.biiranee@gtbank.com

To get a loan,Click Here

Stanbic IBTC Bank PlcDavid.Adebayo@stanbicibtc.com,
Ayodele.Ojosipe@stanbicibtc.com

To get a loan,Click Here

Sterling Bank PlcFatai.Jelili@Sterlingbankng.com,
Ezinne.Nwokafor@Sterlingbankng.com
Union Bank of Nig Plcaoordia@unionbankng.com,
aebassey@unionbankng.com,
SMEProduct@unionbankng.com

To get a loan,Click Here

Wema Bank PlcOlolade.Adekunle@wemabank.com,
Arthur.Nkemeh@wemabank.com

To get a loan,Click Here

AB Microfinance Bank Nigeria LtdOladapo.Ikupolati@ab-mfbnigeria.com,
Olukorede.Ekundebe@ab-mfbnigeria.com
Addosser Microfinance BankOlusola Howells –howells.olusola@addosser.com,
deji.sobulo@addosser.com,
oluwaseun.adekanbi@addosser.com
Baobab Microfinance BankAchenyo Oyibo –aoyibo@baobab.bz,
cgwehi@baobab.bz
Bosak Microfinance BankToyin Peters –toyinpeters@bosakmfb.com, teepeeters@gmail.com,
FrancisAtiri@bosakmfb.com

To get a loan,Click Here

HASAL Microfinance Bankbukola.afariogun@hasalmfb.com,
njoel-ezeugo@hasalmfb.com

To get a loan,Click Here

Infinity Microfinance Bank LtdOludotun Adewunmi –g.adewunmi@infinitymfb.com, oludotunadewunmi@yahoo.com,
s.ogunniyi@infinitymfb.com
LAPO Microfinance Bank LtdEfosa Aigbe –efosa.aigbe@lapo-nigeria.org,
stanley.oriakhi@lapo-nigeria.org
Mainstreet Microfinance Bank LtdAdegoke E. Adegbami –aadegbami@mainstreetmfb.com,
midris@mainstreetmfb.com,midris@mainstreetbankmfb.com
NPF Microfinance Bank PlcRotimi Dada –rotoyin1159@gmail.com,rdada@npfmicrofinancebank.com,
cwosu@npfmicrofinancebank.com,
chima_wosu@yahoo.com
Parallex Microfinance Bankabimbola.akande@parallexbank.com,
femi.otenigbagbe@parallexbank.com
Seedvest Microfinance BankKehinde Oyeleke –kehinde.oyeleke@seedvestgroup.com,oyelek@yahoo.com,
omololaakinjoko1@gmail.com,
jannybee1@live.com
Accion Microfinance Bank Limitedtjoda@accionmfb.com,
uchukwu@accionmfb.com,
ooladoyin@accionmfb.com
La Fayette Microfinance Bank Limitedeodetayo@advans-lfmfb.com
Davodani Microfinance Bankjohne.ologe@davodanimfb.com,
aayotomi@davodanimfb.com,
ayodejitomi@yahoo.com,
soyebisi@davodanimfb.com,
ufelix@davodanimfb.com
Trust Microfinance Banktrustmfb@yahoo.com,
debanjajayi@gmail.com,
Sodiyasamusideen@yahoo.com

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