What is the interest rate on Specta loan? Sterling Bank powers Specta, an online loan platform. You can apply online for personal or business loans instantly at very low-interest rates. This post will show you how to apply for a loan through Specta.
You’ll also learn about Specta Sterling loan services, Specta loan package, Specta interest rates, office location and Specta customer service.
What is Specta Sterling and how does it work?
Sterling Bank founded and manages Specta, an online lending platform that provides personal loans and fast loans to eligible customers. You can borrow as much as 5 million dollars in one transaction.
The loan can be approved in a matter of minutes without the need for collateral, paperwork or physical presence at Sterling Bank.
Specta allows you to manage unexpected business and personal expenses by creating an account and meeting the requirements. You don’t have to be a Sterling Bank customer in order to get loans through Specta.
Specta4individuals
The Specta4individuals loan option lets you get a personal loan in an instant, up to N5 million without any collateral and no paperwork. Eligible are both salaried and unemployed individuals.
Salaried Individuals
If you have a Sterling Bank salary account or any other commercial bank in Nigeria, you can apply for and get a personal loan through Specta.
Non-Salaried Individuals
Specta loans are available to anyone who doesn’t have a fixed monthly income or a 9-5 job. However, if you’re self-employed or a business owner or trader, then you may be eligible for loans.
Only one requirement: You must have an account at Sterling Bank, or any other commercial bank in Nigeria.
Specta4Business
Specta4Business is something a bit different. You are not required to obtain a loan for your business.
Specta will reimburse you in full for the money that you paid. Spectre will pay the customer back if he/she wants it.
Specta4Business allows you to get a loan amount up to N2million if you are eligible.
Specta Ultra Credit Card
The Specta Utilta Credit Card credit card service is funded by Specta. The card allows you to spend money and pay your bills without having to deposit funds. It can be repaid later if you have enough money.
Ultra Bronze Card
- Access to a revolving credit line is easy
- Naira denominated
- Flexible repayment option
- Accepted in Nigeria, and some African countries
- You can enjoy an interest-free period of up to 45 days
- EMV compliant (Chip technology and PIN technology).
- Contactless capabilities
- Online payments available for all areas
- For online transactions, one-time password (OTP).
- Validity of the 5-year card
- Enjoy exciting offers and discounts
Ultra Bronze Card Fees
- Fee for Issuance = N 1000
- Additional card fee = N 1000
- Annual maintenance fee = NO
- Quarterly maintenance fee = NO
- ATM charges = 3%
- POS/WEB Fee = Free
- 2.5% annual insurance fee
Ultra Card
- Access to a revolving credit line is easy
- Naira denomination
- Flexible repayment option
- Acceptance worldwide wherever the Visa logo is displayed
- You can enjoy an interest-free period of up to 45 days
- EMV compliant (Chip technology and PIN technology).
- Contactless capabilities
- Online payments are possible worldwide.
- For 3D secure transactions, a one-time password (OTP), was required for verification
- Validity of 3-year cards
- Enjoy exciting offers and discounts
- 24-hour contact centre support
Ultra Card Fees
- Fee for Issuance = N 1000
- Additional card fee = N 1000
- Annual maintenance fee = NO
- Quarterly maintenance fee = NO
- ATM charges = 3%
- POS/WEB Fee = Free
- 2.5% annual insurance fee
Ultra Platinum Card
- Access to a revolving credit line is easy
- Naira denomination
- Flexible repayment option
- Acceptance worldwide wherever the Visa logo is displayed
- You can enjoy an interest-free period of up to 45 days
- EMV compliant (Chip technology and PIN technology).
- Contactless capabilities
- Supplementary card/Additional card for a loved one
- Online payments are possible worldwide.
- For 3D secure transactions, a one-time password (OTP), was required for verification
- Validity of 3-year cards
- Save money when you shop locally or internationally with these exciting offers and discounts
- 24-hour contact centre support
- Enjoy exclusive benefits in over 900 hotels worldwide
- Visa Platinum Cardholders have free access to a variety of legal and medical advice
- Visa’s Global Customer Assistance Services
- Get a discount on fast-track personal services at more than 380 international airports
Ultra Platinum Card Fees
- Fee for Issuance = N 1000
- Additional card fee = N 1000
- Annual maintenance fee = NO
- FEE = Quarterly Maintenance Fee
- ATM charges = 3%
- POS/WEB Fee = Free
- Insurance Fee = 2.5% per Annum
Ultra Ruby Card
- Access to a revolving credit line is easy
- Naira denominated
- Flexible repayment option
- Accepted in Nigeria, and some African countries
- You can enjoy an interest-free period of up to 45 days
- EMV compliant (Chip technology and PIN technology).
- Contactless capabilities
- Online payments available for all areas
- For online transactions, one-time password (OTP).
- Validity of the 5-year card
- Enjoy exciting offers and discounts
Ultra Ruby Card Fees
- Fee for Issuance = N 1000
- Additional card fee = N 1000
- Annual maintenance fee = NO
- Quarterly maintenance fee = NO
- ATM charges = 3%
- POS/WEB Fee = Free
- 2.5% annual insurance fee
Ultra Gold Card
- Access to a revolving credit line is easy
- Naira denomination
- Flexible repayment option
- Acceptance worldwide wherever the Visa logo is displayed
- You can enjoy an interest-free period of up to 45 days
- EMV compliant (Chip technology and PIN technology).
- Contactless capabilities
- Supplementary card/Additional card for a loved one
- Online payments are possible worldwide.
- For 3D secure transactions, a one-time password (OTP), was required for verification
- Validity of 3-year cards
- Enjoy exciting offers and discounts on purchases locally and internationally
- 24-hour contact centre support
- Visa Gold Cardholders have free access to a variety of legal and medical advice
- Visa’s Global Customer Assistance Services
Ultra-Gold Card Fees
- Fee for Issuance = N 1000
- Additional card fee = N 1000
- Annual maintenance fee = NO
- Quarterly maintenance fee = NO
- ATM charges = 3%
- POS/WEB Fee = Free
- Insurance Fee = 2.5% per Annum
Ultra Black Card
- Access to a revolving credit line is easy
- Naira denomination
- Flexible repayment option
- Acceptance worldwide wherever the Visa logo is displayed
- You can enjoy an interest-free period of up to 45 days
- EMV compliant (Chip technology and PIN technology).
- Contactless capabilities
- Additional card/Supplementary card for a loved one
- Online payments are possible worldwide.
- For 3D secure transactions, a one-time password (OTP), was required for verification
- Validity of 3-year cards
- 24-hour contact centre support
- Enjoy exclusive benefits in over 900 hotels worldwide
- Ultra Visa Cardholders have free access to a variety of legal and medical advice
- Visa’s Global Customer Assistance Services
- Get a discount on fast-track personal services at more than 380 international airports
- Airport Loung
- Concierge Services
- Travel Insurance
Black Ultra Card Fees
- Fee for Issuance = N 1000
- Additional card fee = N 1000
- Annual maintenance fee = NO
- Quarterly maintenance fee = NO
- ATM charges = 3%
- POS/WEB Fee = Free
- Insurance Fee = 2.5% per Annum
Specta Prime
Specta Prime is a Specta loan package specifically designed for specific users. This is where you invest some money and then receive a loan with a lower interest rate.
A loan amount of up to 83% can be obtained.
How to apply for a loan at Specta by Sterling
For new users, visit the Specta Loan Page and download the Salary Domiciliation Agreement.
Once you’re done filling in the details, send the document to Specta’s email address (). If your salary account is a savings account, you will be asked to create a Corporate Customer SalaryAccount.
Specta loan repayment term
Specta By Sterling offers a flexible repayment plan. You can choose your repayment schedule as a user.
Your loan can be repaid within 1-12 months. If you default on your due date or exceed the loan term, a penalty fee equal to 1% will be charged.
Specta loan interest rates
Specta Sterling charges an interest rate of 25.5% to 28.5% depending on the loan package and the length.
A one-time payment of 2.5% to Insurance or 1% for Loan Management Fees may be required.
If you default on your due date or exceed the loan term, a penalty fee of 1% will apply.
Is the Specta headquarters located in?
Specta has a Nigerian head office. They manage the loan services as well as customer problems from this office.
Their headquarters is located in Sterling Towers at 20 Marina, Lagos Island. Lagos, Nigeria.
Specta By Sterling: Customer service and email address
For all questions or complaints, please contact Specta customer service via their email address or customer care hotline.
Phone call: 017004271
Email address: specta@sterling.ng
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