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How to Apply for DBN Loan 2021 See Application Form Update

Filed in Articles by on May 5, 2021

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If you are in need of a loan for your small-scale business, then you should apply for Development Bank of Nigeria loans. In this article, we have made available for you all you need to know about the DBN Loan Application form 2021.

How to Apply for DBN Loan 2021 See Application Form Update

About Development Bank of Nigeria (DBN)

The Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria (FGN) in collaboration with global development partners to address the major financing challenges facing Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria.

Its main objective is to alleviate financing constraints faced by MSMEs and small Corporates in Nigeria through the provision of financing and partial credit guarantees to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.

Vision

To be Nigeria’s primary development finance institution; promoting growth and sustainability

Mission

To facilitate sustainable socio-economic development through the provision of finance to Nigeria’s underserved MSMEs through eligible financial intermediaries.

Our Mandate

  • With a vision to be Nigeria’s primary development finance institution; promoting growth and sustainability, DBN seeks to fulfill three key mandates:
  • Increase access to finance for MSMEs by lending to Participating Financial Institutions (Commercial Banks, Micro Finance Banks, and other DFIs) for on-lending to this segment.
  • Provide Capacity Building for Participating Financial Institutions to enhance their ability and willingness to lend to the MSME segment.
  • Provide Partial Credit Guarantees for Participating Financial Institutions to encourage them to take the risk of lending to MSMEs.

Core Values (S.T.E.D.I.)

  • Sustainability
  • Transparency
  • Excellence
  • Diversity
  • Innovation

DBN Loan Application

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.

Also, 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 Plc

O[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

l[email protected],
[email protected]To get a loan, Click Here

Stanbic IBTC Bank Plc

Umeasala, Damian – [email protected],
Ojosipe, Ayodele – [email protected]To get a loan, Click Here

Sterling Bank Plc

[email protected],
[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 

O[email protected],
[email protected]

Addosser Microfinance Bank 

Olusola Howells – [email protected],
[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

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]

LAPO Microfinance Bank Ltd

Efosa Aigbe – [email protected],
[email protected]g

Mainstreet Microfinance Bank Ltd

Adegoke E. Adegbami – [email protected],
[email protected],  [email protected]

NPF Microfinance Bank Plc

Rotimi Dada – [email protected],  [email protected],
[email protected],
[email protected]

Parallex Microfinance Bank

a[email protected],
[email protected]com

Seedvest Microfinance Bank

Kehinde Oyeleke – [email protected],  [email protected],
[email protected],
[email protected]

Accion Microfinance Bank Limited

[email protected],
[email protected],
[email protected]

LaFayette Microfinance Bank Limited

[email protected]

Davodani Microfinance Bank

j[email protected],
[email protected],
[email protected],
[email protected],
[email protected]

Trust Microfinance Bank

t[email protected],
[email protected],
[email protected]

We believe this information on the DBN Loan Application form is helpful to you? Why not share it with your friends out there by clicking on the share button on this website. You can as well subscribe to be updated for further information concerning this topic.

CSN Team.

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