boban007:
JUST GO STERLING BANK AND THANK ME LATER. ASK OF SPECTA LOAN , U DON'T NEED TO HAVE AN ACCOUNT WITH THEM, AND IT DOESN'T MATTER IF U'RE SALARY EARNER OR SELF EMPLOYED , AS LONG AS U
HAVE AN EXISTING ACCOUNT, THAT'S UP TO A YEAR IN ANY BANK . U GET UR LOAN IN LESS THAN 10 MINUTES, WITHOUT COLLATERAL. U CAN EVEN ACCESS IT ONLINE. IT'S THE EASIEST, THE BEST AND FASTEST. I THINK INTEREST RATE IS AROUND 2.5% PAYABLE OVER A PERIOD OF 12 MONTHS. U CAN CALL CUSTOMER CARE , FOR MORE INFORMATION.

PureMind2:
That stupid zenith bank denied me loan to start up my biz good for you

omonla10:
Na gtb worse pass. My monthly turnover averages around 10m and they can't even shake body small. I even test them with 10k.. They know I can't do without them as they are the only bank in Nigeria that operates online payment of custom duty..

omonla10:
Na gtb worse pass. My monthly turnover averages around 10m and they can't even shake body small. I even test them with 10k.. They know I can't do without them as they are the only bank in Nigeria that operates online payment of custom duty..

bayulll011:


don't say what you don't know.

how many bank do know that dont do online duty payment

brownlord:


Please I like to talk to you privately on how to use GTB to pay duty. PM

Gazzy88:
Their loan is cool. Interest rates very favorable.

agarawu23:
yes. It's very okay. They will push away qwickcash and co with high interest rate for just 14days

omonla10:
I am saying what I know 100% cos it's my line.. Prove me otherwise.. Online means I can pay from my fone anytime of d day

bayulll011:


All am saying is u dont know what u are saying.

ask around u will know that not only u can pay online with other bank,u will also get a copy of your duty forwarded to u

omonla10:
my guy give me proof pls.. Or else ure saying jargons..I am saying it again.. Only gtb offers online duty payment.. Are u a clearing agent?

fishbone11:

You are correct, Sterling Bank I don't have account with want to offer me loan of #2m through Specta for business while my useless Bank GTbank that I have done business over #20m in 6month say I'm only eligible for #127,500m. Laugh wan kill me

bayulll011:


won't advertise for Bank here openly.
will Dm you.

wezzymoney:
Hope Gtb is not taking from my money to pay their debt, I have apply for business loan several time but the term and condition is too much to over come it

omonla10:
they said I should open salary account o.. I shock..

TwoBottles:
Why is Ecobank not on the list??

omonla10:
they said I should open salary account o.. I shock..

alexvatt:
How can one apply for Sterlingbank specta loan?

akan102:
What are their requirements

9jaRealist:


Unless you’re saying that you can charge the card for more than the amount in the account...

Whatever fanciful term the bank may have dubbed your card, it’s effectively a DEBIT card...
In fact, it’s WORSE than a debit card as you’ll pay interest on the “credit” ostensibly being granted.

Meanwhile, you and your business should be SEPARATE legal persons (with different BVN and TIN numbers)...
Thus, unless you’re providing a personal guarantee for loans to the business, your personal credit history is irrelevant.
>

Commentor:


[s]I should impart knowledge into a brain like yours that isn't fully fit for application right?

Go and read a book.

WalkerMichael:


I don't think it's wise to start a business with loan bro. Loans are meant to finance an already existing business.. Please be careful about taking loans to start a business.

docadams:


Ecobank do give loans but at varying interest rates of 28% to 34%.

ASHLAND:
It seems you are not getting the gist; I am talking about how people or business without previous credit history which banks can use for them to get loan, you are saying something else. We are actually not on the same page. Can you read where people are saying they asked for loan and banks declined them? That is mostly because of lack of credit history. If I should pay some interest on a certain credit card in order to catalyze my credit history, what is bad in that?

fishbone11:
God punish GTBank & First bank. Imagine I have been banking with them for a long time now and money flowing through my account and yet they can't grant me Loan for my business.

maximunimpact:
For breaching its guidelines on lending to the real sector of the economy, the Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion.

According to an approved debit instruction, the affected banks and the amount they will pay are: Citibank (N100,743,055, 321); First Bank of Nigeria (N74,668,880,480); FBNQuest Merchant Bank (N2, 697,456,144); First City Monument Bank (FCMB), (N14, 371,064, 742) and Guaranty Trust Bank (N25, 147, 933, 628).

Others are Jaiz Bank (N7, 525, 165,552); Keystone Bank (N4, 162, 938, 879); Rand Merchant Bank (N2, 823,177,399); Standard Chartered Bank (N30,027,137,984); SunTrust Bank (N1,703,205,427); United Bank for Africa (N99,676,181,916) and Zenith Bank (N135,629,337,625).

The banks will lose the money at source from their Cash Reserve Requirement (CRR) with the CBN.

The CRR is a portion of the banks’ deposits kept with the CBN for regulatory reasons.

The apex bank, on July 3, 2019, directed banks to maintain a minimum Loan Deposit Ratio (LDR) of 60 per cent by September 30, 2019.

The LDR, which was being reviewed quarterly to improve lending to the real sector, was 58.5 per cent as at May.

It has now been raised to 65 per cent for the last quarter of the year.

A CBN circular: “Regulatory Measures to Improve Lending to the Real Sector of the Nigerian Economy,” says in order to ramp up economic growth through investment in real sector, the CBN approved that all banks should maintain a minimum LDR of 60 per cent by September 30.

Based on the guidelines, failure to meet the minimum loan to deposit ratio of 60 per cent by October 1 would attract a levy of fine which is additional CRR equal to 50 per cent of the lending shortfall of the target.

Central bank of Nigeria (CBN) Governor Godwin Emefiele had said that banks that fail to meet its directive on the 60 per cent LDR would be penalised at the expiration of the deadline.

“Failure to meet the above minimum LDR by the specified date shall result in levy or additional Cash Reserve Requirement equal to 50 per cent of the lending shortfall of the target,” CBN Director, Banking Supervision, Ahmad Abdullahi, said in the July 3 circular.

The LDR policy is expected to push banks to increase lending to high risk-borrowers, with the potential of incurring heavy losses and higher non-performing loans.

To encourage SMEs, retail, mortgage and consumer lending, these sectors shall be assigned a weight of 150 per cent in computing LDR for this purpose.

https://www.financialwatchngr.com/2019/10/03/cbn-fine-12-banks-n499b-for-not-giving-out-loan-to-customers/