Specta is Sterling Bank’s digital lending platform.
- Salary Advance – It provides employees with quick funds. No documentation or collateral required to get any loans. Once application is complete, scoring is instant and disbursement done in less than 5 Minutes. Their maximum loan amount is N5,000,000. Fees charged are Management fee (maximum of 1% negotiable per community), Commitment Fee (Maximum of 1% negotiable per community) and Insurance Fee (1% flat per annum non-negotiable on Personal loans and Salary Advance, and 7% flat on House Hold/Asset Acquisition). Specta charges a 1% monthly default on past due amount
- You can apply for quick loans.
- Fast loan approval process (promising loans in 5 minutes).
- No bank branch, no collateral and no paperwork.
- You must work for an organization to access their loans
- A physical bank account is required before operating their account.
- Complete and submit a Loan Application form
- Fill form on Specta website with Nuban and BVN