Apply for a Sterling Bank Specta Loan With These Simple Steps

Sterling Bank Specta Loan - Fast Online Loans up to N5 Million

Sterling Bank Specta loan is a rapid online lending platform providing individuals and businesses with loans of up to N5 million in just five minutes. With no paperwork, collateral, or office visits required, Specta is designed to enhance and support the lives of people across various occupations and banks.

Specta Packages

• Specta4Individuals: Open to both salaried and non-salaried individuals.
  1. Salaried Individuals: Access a personal loan if your salary account is with any bank, including Sterling Bank.
  2. Non-Salaried Individuals: Self-employed, business owners, professionals, traders, etc., can access personal loans with accounts in any bank.
• Specta4Business: Boost sales by receiving payments with Specta spending limits and get up to N2 million to start or expand your business.
• PaywithSpecta: Provides digital credit limits for online and in-store purchases, with the option to access quick cash.
• Ultra-Credit Card: A revolving naira-denominated card for convenience and short-term loans.
• Specta Score: A credit score system assisting financial institutions in evaluating credit risk, aiding customers in effective financial management.
• Specta Prime: Get loans backed by investments at a reduced interest rate.

Eligibility

Any Nigerian above 18 with verifiable income, including salary earners, entrepreneurs, and corp members, can apply.

How to Apply:

Visit the Sterling Bank Specta website to apply.

Repayment:

Monthly repayments over a maximum period of two years.

Interest Rates:

• Interest Rate on Loan: 25.5%-28.5%.
• One-off Payment for Insurance: 2.5%.
• One-off Payment of Management Fees: 1%.
• Repayment Period: 1-12 months.
• Penalty Fee: 1%.

Benefits:

• Immediate disbursement.
• Fastest borrowing alternative.
• No need for a guarantor, paperless documentation, or collateral.
• Transparent with no hidden charges.
• Facilitates wider access for Nigerians to invest in their businesses.
• Supports government efforts to alleviate poverty.

FAQs:

• Who can access the personal loan?

Accessible by both salaried and non-salaried individuals.

• What is the tenor for personal loans?

Up to 12 months, or up to 36 months for Sterling Community members.

• What is the maximum amount under personal loans?

Up to N2 million or N5 million for Sterling Community members.

• What rates does Specta charge on personal loans?

Management fee: 1%, Insurance: 2.5%.

For further inquiries, contact Sterling Bank Specta at specta@sterling.ng or call 017004271. Visit the head office at 20 Marina Rd, Lagos Island, Lagos.

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