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Development Bank Of Nigeria Loans For Business Owners - Jobs/Vacancies - Nairaland

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Development Bank Of Nigeria Loans For Business Owners by Lagoontimes: 10:54am On Jan 07, 2022
Development Bank of Nigeria Loans for Business Owners - The Development Bank of Nigeria (DBN) has made loans available for young business owners. Nigerians with small scale business can apply for loans at Development Bank.

Who qualifies for the DBN loan? / Development Bank of Nigeria Loans for Business Owners

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 /
Development Bank of Nigeria Loans for Business Owners

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.

Click link to apply >>>
https://radiustimes.com/development-bank-of-nigeria-loans-for-business-owners/

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