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 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 LAWAL,,
Fidelity Bank Plc Osaigbovo,,
FCMB Ltd Oluremi,,
UBA Plc Adegoke,
Wema Bank Plc Kolawole,,
First Bank Nig Ltd,
Union Bank of Nig Plc,,
Stanbic IBTC Bank Plc,,
Sterling Bank Plc,
AB Microfinance Bank Nigeria Ltd,
Addosser Microfinance Bank  Olusola,,
Baobab Microfinance Bank  Achenyo,
Bosak Microfinance Bank  Toyin,,
HASAL Microfinance Bank,
Infinity Microfinance Bank Ltd  Oludotun,,
LAPO Microfinance Bank Ltd Efosa,
Mainstreet Microfinance Bank Ltd Adegoke E.,
Microcred Microfinance Bank Ltd Omar
NPF Microfinance Bank Plc Jude,,,,
Parallex Microfinance Bank,
Seedvest Microfinance Bank Kehinde,,
Accion Microfinance Bank Limited,,
La Fayette Microfinance Bank Limited
Davodani Microfinance Bank,,,,
Trust Microfinance Bank,,