How to Get Development Bank of Nigeria Loan.

Development Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria through providing financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.

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

I. 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.

II. The Bank appraises the business and loan purpose, and if its assessment is favourable, the Bank applies to DBN for funding.

III. 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:

 Offerings / Eligibility Criteria

To be eligible to receive financing from DBN, the PFI shall have met the minimum eligibility requirements set out below on the Cut-Off Date. The PFI shall maintain the minimum eligibility requirements throughout the Financing Period.

DBN or its representative will conduct an annual due diligence process to confirm that the PFI is not in breach of the minimum eligibility requirements and may declare all advances to the PFI immediately payable if the PFI is in breach of one or more of the requirements or fails to remedy the breach of a requirement within any grace period allowed by DBN at DBN’s absolute discretion.

To be eligible to receive financing from DBN, the PFI shall:

– hold a duly issued and valid license from CBN to carry on business as a bank or finance company;

– demonstrate within the three most recent financial years, two years of profitable lending operations, with effective risk management procedures, controls, and acceptable levels of loan portfolio quality and performance;

To read more about our Eligibility Criteria please CLICK HERE

To complete our Eligibility Criteria Questionnaire (ECQ), kindly CLICK HERE

Here are list of contact banks as follows

Access Bank Plc,,,

Ecobank Nigeria Bank Plc

Olusola Afolalu –,

Fidelity Bank Plc

Esther Obiekwe –,

Nneoma Onuoka –,


Oluremi Agboola –,,

First Bank Nig Ltd



Peju Lawanson –,

Providus Bank

Enyinnaya Akagha –

Stanbic IBTC Bank Plc

Umeasala, Damian –,

Sterling Bank Plc

Chibuzor Awe –,

Union Bank of Nig Plc

John Ahodu –,

Wema Bank Plc,

AB Microfinance Bank Nigeria Ltd,

Accion Microfinance Bank Limited

Ndubuisi Onuoha –,

Adetokunbo Elliot –,

Emeka Uzowulu –,

Addosser Microfinance Bank

Olusola Howells –,,

Astra Polaris MFB

Onifade Abimbola –,,

Baobab Microfinance Bank

Achenyo Oyibo –,

Bosak Microfinance Bank

Toyin Peters –,,

Coronation Merchant Bank 

Daniel Egwuonwu –,

Davodani Microfinance Bank,,,,

FSDH Merchant Bank

Segun Adesipe –

HASAL Microfinance Bank,

Infinity Microfinance Bank Ltd

Oludotun Adewunmi –,,

Infinity Trust Mortgage Bank

Abiodun Akanbi –

Jubilee Life Mortgage

Kushiro Roli –

La Fayette Microfinance Bank Limited

LAPO Microfinance Bank Ltd

Efosa Aigbe –,

Mainstreet Microfinance Bank Ltd

Adegoke E. Adegbami –,,

Microvis Microfinance Bank,,

NPF Microfinance Bank Plc

Rotimi Dada –,,,

Parallex Microfinance Bank,

Regent Microfinance Bank

Seedvest Microfinance Bank

Kehinde Oyeleke –,,,

Stanford Microfinance Bank

Vincent Aluu –

Trust Microfinance Bank,,

To apply for the loan click here

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