How To Access Development Bank Of Nigeria (DBN) Loans: 3 Assured Steps.

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How To Access Development Bank Of Nigeria (DBN) Loans: 3 Assured Steps.

How To Access Development Bank Of Nigeria (DBN) Loans

Have you heard of the Development Bank Of Nigeria (DBN) loans?

The development bank of Nigeria is a financial institution that exists to reduce the financing constraints faced by Micro, small and medium scale enterprises(MSMEs) in Nigeria through financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market conforming and fully financially sustainable basis.

The DBN started operations in the year 2017, with 26 Private Financial institutions on-board, 35 000 MSMEs imparted and a disbursal of 31, 364, 000, 000 Naira disbursed.

How To Access DBN loans.

Its beautiful to note that all MSEMs (both start-ups and existing) involved in productive enterprises are eligible for this loan, although such persons must be customers of an elligible financial institution,

the following steps are the sure way to apply for the loan,

  • visit your Bank; This could be a commercial bank, development finance institution, micro-finance bank and other financial institution. Indicate that you want to apply for a DBN loan.
  • The Bank will appraise (EVALUATE) the business and loan purpose, and if its evaluation is favorable, the bank applies to the DBN for funding.
  • once the loan is approved by the DBN, it will disburse the funds to the bank for on-lending to end borrowers.

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Below is a list of Banks that offer opportunities to customers to access DBN loans.

  • Access Bank plc
  • Ecobank Nigeria Bnak Plc.
  • Fidelity Bank Plc
  • FCMB Plc
  • GT Bank
  • UBA plc
  • WEMA Bank plc
  • First Bank Of Nig PLC
  • Stanbic IBTC Bank plc
  • Sterling Bank plc
  • AB micro-finance Bank Nigeria
  • Addosser MFB
  • Baobab Micro-finance Bank
  • Bosak Micro-finance Bank
  • HASAL micro-finance Bank
  • Infinity Micro-finance Bank
  • LAPO Micro-finance Bank
  • Mainstreet micro-finance bank
  • NPF micro-finance Bank
  • Parallex micro-finance Bank
  • Seedvest micro-finance Bank
  • Accion Micro-finance Bank
  • La Fayette Micro-finance Bank ltd
  • Davodani Micro-finance Bank
  • Trust Micro-finance Bank

HOW TO GET AGSMEIS LOAN WITHOUT COLLATERAL

other products and services offered by the DBN are

Wholesale Lending

partial credit risk guarantees

capacity building

for inquiries about these other services, you can call 0700 0225 5326 or email them on info@devbankng.com .

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