Specta is a loan app in Nigeria from Sterling Bank. It provides credit facilities to profiled business owners and salary earners in Nigeria.
It seeks to provide a more convenient way to get an instant loan, and credits by using standardized data processing techniques and analytics to review loan applications and eliminate the difficulties that come with the traditional lending system.
Specta Loan gives you access to loans up to N5,000,000 without paperwork or collateral, and you will receive the funds within five minutes. This feature makes it a top loan product in Nigeria.
The platform operates nationwide and offers loans to all salary earners without considering their occupation. It provides salary advance, asset acquisition, and personal loans (rent, education, wedding, medical, etc.). An important thing to note when you are applying for a Specta loan is that you must be part of an organization.
Interest rates on Specta Loan largely depend on the loan package you opt for. However, they range from 20%-30% per annum.
Repayment also depends on the package you’ve chosen and the refund has a tenor of 1-4 years.
You can set up a monthly repayment plan to enable you to pay back at your comfort. Also, the following fees are charged on all loans.
The app is available for just Android mobile devices on the Google Play Store with a star rating of just 2.6/5.0. This could mean that users are not entirely satisfied with the functionalities of the app, and you may be better off accessing loans through the website instead.
Specta also offers loans for businesses under the loan package Specta4Business, and this offer is available to small, medium, and large enterprises.
Now you can compare interest rates from different lenders with our loan simulator and get the best deal. Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today
The Specta loan package you choose determines the condition, but generally, you will need
To apply for a Specta loan, follow these steps
Request to get profiled either as an individual or a business by sending an email to Specta
Specta Sterling Bank Loan is just one of the numerous platforms for accessing quick online loans in Nigeria. With an interest rate in the range of 20 – 30%, we think it’s really on the high side. Other loan sources you might want to check out include Fairmoney, C24 loan, Palmcredit, Renmoney Nigeria, Quickteller, Carbon Paylater, Fint loan, and Specta loan. However, considering the high volume of loan apps to choose from, you can make things easier by comparing loans within minutes and make a more informed decision using this platform.
A rating of 2.6 on the Google Play Store is really low for an app that is supposed to cover all your loan needs. Therefore, if you really have to give Specta Loan a try, you might want to go through their website.
To find out more information, you can call their customer service on this number 017004271.