Sterling Bank launches digital lending app for businesses and businesses

STERLING Bank Plc, Nigeria’s leading commercial bank, has launched a one-stop digital solution for all business credit solutions, especially for businesses and businesses.

The new product, known as Gazelle, is a versatile digital loan application system that offers corporate clients a more innovative way to finance their business.

According to the Bank’s Managing Director and Chief Executive Officer (MD/CEO), Mr. Abubakar Suleiman, “With Gazelle, corporate clients will benefit from a smarter way to access finance and achieve sustainable growth for their businesses. companies”.

He noted that the launch of the product, among other digital banking products, has positioned Sterling Bank as a leader in innovative digital solutions in business lending for businesses.

The CEO urged business owners to visit on the internet to get loans faster and easier to meet their business needs.

On how the product works, Mr. Suleiman listed the steps a potential customer must follow to sign up for the service:

“First, the client creates a profile for the business and begins the business assessment process by answering all relevant questions about the business while uploading the required supporting documents.

“Then the business profile is approved after the client receives an assessment report from the debtor following validation of the information and documents provided. “Once the profile is approved, the client can apply for a loan and get a decision from the bank. The loan will then be disbursed if the customer fulfills the loan disbursement conditions and receives said loan through his preferred channel.

Sterling Bank is one of the leading digital banking banks. Some of the bank’s other digital products include Specta, PaywithSpecta, Imperium, Omni X, Doubble, I-invest, Alt Mall, and OneBank.

The bank recently saw more than 220% growth in retail lending through Specta, its flagship online lending solution, and its variant, PaywithSpecta.

Therefore, through Specta, Sterling has been able to empower individual Nigerians with credit to improve their financial lives and promote gender parity in lending, a development that has resulted in over $12 billion being granted. naira loans to women.

Additionally, the bank has disbursed over N29 billion in loans through PaywithSpecta due to its focus on supporting small businesses. PwS has also enabled over 4,300 merchants to receive instant payment for their goods, improving their cash flow while allowing consumers to take advantage of services immediately and easily pay in instalments.