Sterling Bank Specta Loan for Salary Earners/Company Entrepreneurs

Sterling Bank Specta Loan for Salary Earners/Company Entrepreneurs

Salary Earners and Company Entrepreneurs in Nigeria can now apply for Sterling Bank Specta Loan via online. This post contains all you need to know about the Sterling Bank Specta Loan for Salary Earners and Company Entrepreneurs, how to apply and application form requirements for a successful online application.

If you eligible to get Specta Loan, you can apply for loans up to N5,000,000 through Specta Loan without providing any documentation or security, and you’ll have the money in five minutes. It is a popular loan product in Nigeria because of its attribute.

The platform is available statewide and provides loans to all wage earners without taking their vocation into account. It offers personal loans, asset purchases, and salary advances (rent, education, wedding, medical, etc.).

To get all this features, applicants must have account the bank in order to apply for a Specta loan, which is a crucial point to remember.

How Sterling Bank Specta Loan Works

The loan package you choose will have a significant impact on the Specta Loan’s interest rates. However, they fluctuate between 20% and 30% annually.

Repayment is also based on the package you choose, and the repayment period ranges from one to four years.

To make it possible for you to repay at your convenience, you can set up a monthly repayment schedule. Additionally, all loans are subject to the following costs:

  • Management fee (maximum 1%)
  • Commitment fee (Maximum 1%)
  • Insurance fee (1% flat on salary advance and personal loans)
  • Household/ Asset acquisition (7% flat)

Requirements to obtain Sterling Bank Specta Loan

The condition depends on the Specta loan package you select, but generally speaking, you will need:

  1. A bank account number(sometimes they accept only sterling accounts)
  2. Bank Verification Number
  3. A valid means of identification
  4. valid email address

How to apply for Sterling Bank Specta Loan

To apply for a Specta loan online, use this link here:

Next send an email to Specta to request to be profiled as a person or a company.

  1. Select the loan package that you find suitable
  2. Begin the application by clicking on the loan offer
  3. Fill out the application form and submit
  4. If you are eligible and the application is successful, they would credit your account immediately.

Apply for other loans

Fint Loan Application Form Portal and how to repay Fint Loan

How to obtain Lapo Microfinance Bank Personal Loan

Abbey Mortgage Bank Loan Application Form Portal – apply here

For Federal Government Mortgage Loan – apply here

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