Loan Types

Apply for a personal loan with competitive interest rates today.

Account Offerings

Looking for a flexible bank account that offers you a wide range of banking services, such as sending and receiving money easily, limitless withdrawals, paying bills, and a lot more? Then our current account is just what you need. Select from any of our current account plans and immediately be on your way to easy banking.

Auto Loans

We can help you finance the purchase of your dream car with the Sterling Auto Loan. It is available to everyone with a regular monthly income.

• Only brand new cars are financed
• Maximum tenor of 48 months with competitive pricing
• 20% equity contribution
• Tracking device installation and comprehensive insurance

• Hand written application letter
• Duly executed consumer Loan application form
• Minimum of three (3) months active banking relationship with Sterling Bank
• Submission of proforma invoice from the bank’s approved vendor
• Customer’s Debt Service Coverage Ratio (DSCR) should not exceed 33.33% (i.e. loan instalment divided by income)
• Up-front payment of equity contribution, up-front fees and comprehensive insurance premium
• Up-front submission of post-dated cheques for the loan instalments, subsequent comprehensive insurance premium(s) renewal and periodic fees throughout the loan tenor.

• Only brand new cars are financed
• Maximum tenor of 48 months with competitive pricing
• 20% equity contribution
• Tracking device installation and comprehensive insurance

Household Equipment Lease

The Sterling Household Equipment Lease gives you the opportunity to acquire household equipment and spread the payment over a period of time. It is available to everyone with a regular monthly source of income.

 

• Maximum tenor of 24 months
• Competitive pricing
• 20% equity contribution

• Hand written application letter
• Duly executed consumer Loan application form
• Minimum of three (3) months active banking relationship with Sterling Bank
• Submission of proforma invoice from the bank’s approved vendor
• Customer’s debt Service Coverage Ratio (DSCR) should not exceed 33.33% (i.e. loan installment divided by income)
• Up-front payment of equity contribution, up-front fees and insurance premium
• Up-front submission of post-dated cheque for the loan installments, subsequent insurance premium(s) renewal and periodic fees throughout the loan tenor

Alternative Energy Finance

Are you tired of the current epileptic power supply nation-wide? No worries, we got you covered. The Alternative Energy Finance Scheme, gives you access to acquire a combo of Solar, Inverter & Batteries and pay over a period of time with ease.

The details of the scheme are below;

Pay as low as 20% of the equipment amount. 

Pay as low as N 10,375.06.

At 2% flat (Asset Insurance/ Life & Job-loss Insurance).

Maximum tenor of 12 months.

• Access to affordable interest rate
• Flexible repayment
• No additional security
• Warranty period of 12 months
• After sales services and support
• Buy back option by the vendor
• No charge on prepayment of loan