Sterling Bank – online loan Nigeria
Sterling Bank loans from ₦10,000 to ₦5,000,000 with up to 60 months repayment.
Applying does not commit you to a loan agreement.
Screenshot of https://www.sterlingbank.com
Sterling Bank – Personal Loans and Credit Facilities Nigeria
Sterling Bank Plc is a Nigerian commercial bank that has been in operation for decades and has built a reputation for innovation in retail banking. The bank operates hundreds of branches across Nigeria and has invested heavily in digital channels, including the Sterling One mobile app and internet banking platform. Sterling Bank offers a range of personal loan products, including salary advance loans, consumer credit, and educational financing, targeting middle-income earners and young professionals.
Sterling Bank personal loans are available to salary earners who maintain accounts with the bank. Loan amounts can reach up to ₦5,000,000 with repayment terms of up to 36 months. Monthly interest rates start from 5%. The application process can be completed through the Sterling One mobile app, online banking, or at any branch. Salary earners with at least 3 months of consistent salary inflow are pre-qualified to check their loan limit directly through the app. Disbursement typically occurs within 24 to 48 hours after document verification.
Sterling Bank is licensed by the Central Bank of Nigeria (CBN) and is a member of the Nigerian Deposit Insurance Corporation (NDIC). The bank has been recognised for its commitment to the United Nations Sustainable Development Goals (SDGs) and operates responsible lending practices. Sterling Bank is a good choice for existing account holders who value the convenience of applying from within a banking relationship. New customers can open an account and apply once salary history is established.
✓ Pros
- Full-service commercial bank
- Loans up to ₦5,000,000
- Pre-approved limits via Sterling One app
- CBN licensed and NDIC insured
- Loans available for educational purposes too
✗ Cons
- Salary domiciliation required
- Processing 24-48 hours
- Must be existing account holder for best offers
Loan example
Representative example: A personal loan of ₦500,000 over 18 months at 5% monthly interest. Monthly repayment approximately ₦35,154. Total amount repayable: ₦632,772. Total interest: ₦132,772.
Loan requirements
- ✓ Sterling Bank account
- ✓ Minimum 3 months salary domiciliation
- ✓ Valid ID
- ✓ Recent payslips
- ✓ Bank statement
- ✓ BVN
Loan features
- Personal and salary advance loans
- Loans up to ₦5,000,000
- Repayment up to 36 months
- Interest from 5% per month
- Sterling One app application
- CBN licensed
Frequently asked questions
24 hours after submitting your application.
The minimum amount at Sterling Bank is ₦10,000.
How to log in and sign up to Sterling Bank
Sterling Bank is used through its official app and website (www.sterlingbank.com). To sign up, download the official Sterling Bank app or open its website, then register with the details requested — usually your phone number and BVN — and complete the short verification. To log in, open Sterling Bank and sign in with the phone number or email you registered with. Never share your login code, OTP or PIN with anyone, and only use the official Sterling Bank channels.
Sterling Bank customer care and contact
For help with your account, repayments or complaints, contact Sterling Bank through the support options inside the official app or on www.sterlingbank.com. Sterling Bank is operated by Sterling Bank Plc. Be cautious of anyone asking for an upfront "processing", "clearance" or "insurance" fee before disbursement — legitimate lenders deduct any fees from the loan, never before it. You can also compare Sterling Bank with other lenders before you decide.