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Development Bank of Nigeria (DBN) Loan Scheme 2018/2019- Apply here

How to apply for Development Bank of Nigeria (DBN) Loan Scheme 2018/2019: Do you need a loan to finamce your business? If yes now is the time to start your application and get a 10years repayment plan. It’s true and real. Read below and find out how to apply for this loan.

How to apply for Development Bank of Nigeria (DBN) Loan Scheme 2018/2019:

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.

Because our mandate fully supports the stimulation of diversified and inclusive growth, DBN will contribute to alleviating specific financing constraints that hamper the growth of domestic production and commerce by providing targeted wholesale funding to fill identified enterprise financing gaps in the MSME segment.

MSMEs are, collectively, the largest employers in many low-income countries including Nigeria, yet their viability is being threatened by lack of access to risk-management tools such as savings, insurance and credit. Indeed, their growth is often stifled by restricted access to credit, equity and payments services.

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.


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

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 PlcSMESupport@accessbankplc.com,   Womenbankingteam@accessbankplc.com
Diamond Bank PlcAyodele Olojedeaolojede@diamondbank.com
Ecobank Nigeria Bank PlcNelson PasedaNPASEDA@ecobank.com
LAWAL TheresaTOLAWAL@ecobank.com
Fidelity Bank PlcOsaigbovo Omorogbeosaigbovo.omorogbe@fidelitybank.ng
FCMB LtdOluwaseun AdetibaOluwaseun.Adetiba@fcmb.com
Oluremi AgboolaOluremi.Agboola@fcmb.com
UBA PlcAdegoke Bayobayo.adegoke@ubagroup.com
Wema Bank PlcDotun Ifebogundotun.ifebogun@wemabank.com
AB Microfinance Bank Nigeria Ltd Nnadozie Josephnnadozie.ohaji@ab-mfbnigeria.com
Addosser Microfinance Bank Olusola Howellshowells.olusola@addosser.com
Baobab Microfinance Bank Achenyo Oyiboaoyibo@baobab.bz
Bosak Microfinance Bank Toyin Peterstoyinpeters@bosakmfb.com
HASAL Microfinance Bank rogers.nwoke@hasalmfb.comjoyce@hasalmfb.comruskiyat@gmail.com
Infinity Microfinance Bank Ltd Oludotun Adewunmig.adewunmi@infinitymfb.com
LAPO Microfinance Bank LtdEfosa Aigbeefosa.aigbe@lapo-nigeria.org
Mainstreet Microfinance Bank LtdAdegoke E. Adegbamiaadegbami@mainstreetmfb.comhsule@mainstreetmfb.com
Microcred Microfinance Bank LtdOmar Niazoniaz@microcred.com
NPF Microfinance Bank PlcJude Ohanehijeco0072000@yahoo.co.uk
Parallex Microfinance Bankabimbola.akande@parallexbank.comfemi.otenigbagbe@parallexbank.com
Seedvest Microfinance BankKehinde Oyelekekehinde.oyeleke@seedvestgroup.comoyelek@yahoo.com


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