How to Apply for Development Bank of Nigeria (DBN) 10 years Loan in 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
- 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.
You can access the DBN loan through any of these PFIs by contacting any of the banks listed below:
- 𝐇𝐨𝐰 𝐭𝐨 𝐚𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐧𝐞𝐰 𝐂𝐁𝐍 𝐍𝟓𝟎𝟎,𝟎𝟎𝟎, 𝐍𝟕𝟓𝟎,𝟎𝟎𝟎 𝐚𝐧𝐝 𝐍𝟑,𝟎𝟎𝟎,𝟎𝟎𝟎 𝐍𝐨𝐧-𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥-𝐟𝐫𝐞𝐞 𝐓𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐂𝐫𝐞𝐝𝐢𝐭 𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐢𝐞𝐬 in Nigeria - September 23, 2021
- 7 Best Norland Business Video Trainings to Master Norland Business in 2022 - September 23, 2021
- How I used N10,000 Business plan to access $5000 Grant - September 20, 2021