Key Details of DBN BIZAID

  • DBN BizAid is a product of the Development Bank of Nigeria DBN.
  • Last updated on
  • There have been 2 updates
  • Virus scan status:

    Clean (it's extremely likely that this software program is clean)


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DBN BIZAID 0/4

Developer's Description

DBN BizAid is a product of the Development Bank of Nigeria DBN.

DBN BizAid is a product of the Development Bank of Nigeria DBN.

While we help you track your expenses and income, you have the option of allowing us to read the SMS on your device for the abridged version of your bank transactions as sent to you by your banks.

By allowing DBN BizAid to read your banks transactions SMS, you will be able to enjoy the financial/bank transactions data consolidation and analytics features that DBN BizAid provides you.

DBN BizAid does not share your information with any third party and you can deny permission for your transactional data to be read by the app but you will not be able to have analytics on your transactional data.

To guide your loan application process with your bank, you can use the loan calculator in this app.

Note that the interest rates are generic and not applicable, since DBN Plc is not granting you a loan through this process.

For specific interest rates, you will need to contact your Participating Financial Institution as the interest rate is determined by your bank.

How DBN BizAid Works:

The core purpose of this app is to assist MSMEs in accessing loans for their businesses and we help with this by tracking your income and expense with the data gotten from your SMS bank transactions and providing required assistance.

* Accounting Portal:

This is the most important part of the app that analyses your income and expense, the app will request for SMS permission.

Once you grant this permission, the app gathers the data from your

bank transactions it then categories the data accordingly.

Your credit transactions will be tagged as income

Your debit transactions will be tagged as expense

The app then shows a chart of income, expense and also a chart that plots your income against your expense so you can adjust your budget accordingly.

This is very useful when applying for loans with DBN Participating

Financial Institutions (PFIs).

* Participating Financial Institutions (PFIs).

These are financial institutions that are in partnership with DBN to provide loans to MSMEs

This feature provides a list of all PFIs and contact information.

* Loan Calculator

This feature of the app allows you calculate loans and gives you an idea on repayment options.



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Full Specifications

GENERAL
Release
Latest update
Version
4.1
OPERATING SYSTEMS
Platform
Android
Additional Requirements
Requires Android 4.4 and up
POPULARITY
Total Downloads
3
Downloads Last Week
0

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