Sterling Bank Loan (USSD Code and Online Application Form)

Do you want to know the Sterling bank loan in 5 minutes USSD code, app, online application form, specta requirements, calculator, interest rate for SME business, graduates, and corpers in Nigeria?

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Sterling Bank Loan

Sterling Bank offers a variety of loans to individuals and businesses.

Here are some of the most popular loan products:

• Specta is an online loan platform that offers loans of up to ₦‎5 million without collateral or paperwork. The application process is quick and easy, and you can get approved in minutes.
• Specta Prime is a loan product for customers who have existing investments with Sterling Bank. You can borrow up to ₦10 million against your investment, and the interest rate is lower than for Specta loans.
• PayWithSpecta is a loan product that allows you to buy goods and services online without having to pay upfront. You can borrow up to ₦1 million, and the repayment period is up to 6 months.
• SME Loan is a loan product for small and medium-sized businesses. The loan amount ranges from ₦1 million to ₦50 million, and the interest rate is competitive.
• Working Capital Loan is a loan product that helps businesses meet their short-term financial needs. The loan amount ranges from ₦1 million to ₦50 million, and the repayment period is up to 12 months.

Requirements

To borrow money from Sterling Bank, meet these requirements:

• Be a Nigerian citizen.
• Have a valid identification document.
• Have a Sterling Bank account.
• Have an excellent credit history.

Interest Rate

The interest rate for Sterling Bank loans varies depending on the loan product and your creditworthiness.

The interest rates for some of the most popular loan products are:

These are just indicative interest rates and the actual interest rate you will be offered may vary.

The interest rate will also depend on the amount of loan you are applying for, the repayment period, and your creditworthiness.

Here are the factors that affect the interest rate of a Sterling Bank loan:

• The amount of loan you are applying for.
• The repayment period.
• Your creditworthiness.
• The purpose of the loan.
• The type of loan product.

The interest rate for a Sterling Bank loan will be higher if you are applying for a large loan, a short repayment period, or if you have a poor credit history.

The interest rate will also be higher for certain types of loan products, such as personal loans and credit cards.

Compare the interest rates of different loan products before you apply for a loan.

Consider the other terms and conditions of the loan, such as the repayment period and the fees.

USSD Code

The Sterling Bank quick loan code is *822#.

Dial this code from your registered phone number with Sterling Bank to apply for a loan.

The application process is quick and easy, and you can get approved in minutes.

To apply for a loan using the *822# code, follow these steps:

• Dial *822# from your registered phone number with Sterling Bank.
• Follow the screen-prompts.
• Select “loan”.
• Enter your transaction PIN.
• Provide the required information, such as the amount of loan you want to apply for, the purpose of the loan, and your income.
• The bank will review your application and get back to you shortly.
• If your application is approved, the loan amount will be disbursed to your preferred account.
• You will be required to repay the loan within the agreed terms and conditions.

How to Apply for Sterling Bank Loan

There are several ways to apply for a Sterling Bank loan.

Here are the most common methods:

1. Online

Apply for a loan online through the Sterling Bank website.

To do this, create an account and provide some basic information about yourself and your financial situation.

2. USSD

Apply for a loan using the Sterling Bank USSD code *822#.

To do this, dial the code from your registered phone number and follow the instructions.

3. In-branch

Apply for a loan in person at any bank branch.

To do this, bring some identification documents and proof of income.

The specific requirements for applying for a loan will vary depending on the loan product you are applying for.

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How to Apply for Sterling Bank Loan Online

Here are the steps to apply for a Sterling Bank loan online:

• Go to the Sterling Bank website.
• Click on the “Loans” tab.
• Select the loan product you are interested in.
• Click on the “Apply Now” button.
• Provide the required information, such as your name, email address, phone number, identification number, and income.
• Upload the required documents, such as your passport, national ID card, and proof of income.
• Click on the “Submit” button.
• The bank will review your application and get back to you shortly.
• If your application is approved, the loan amount will be disbursed to your preferred account.
• You will be required to repay the loan within the agreed terms and conditions.