Introduction
The demand for quick and accessible loans has led to the rise of online lending platforms. Gone are the days of lengthy bank visits and collateral requirements. Now, you can get a loan in minutes without hassle.
Specta Loan, powered by Sterling Bank, is a fast and reliable loan service designed for salary earners and business owners. You can borrow up to ₦5,000,000 with zero collateral and flexible repayment options.
Table of Contents
Quick Guide: How to Apply for Specta Loan
- Download the Specta App from Google Play Store.
- Sign up and register using your valid details.
- Select your preferred Specta loan package.
- Follow the on-screen instructions and apply.
- If eligible, get approval and receive funds within minutes.
Want a faster alternative? You can also apply via the Specta loan website at specta.ng.
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How to Apply for Specta Loan: Step-by-Step Guide
Method 1: Apply via Specta Website
- Visit Specta.ng.
- Download the Salary Domiciliation Agreement form.
- Fill in your details and send it to specta@sterling.ng.
- If approved, funds will be disbursed instantly.
Note: If you have a savings account, you must register it with a Corporate Customer Salary Account before applying.
Method 2: Apply via Specta App
- Download the Specta app from the Google Play Store.
- Create an account and verify your details.
- Select your desired Specta loan package.
- Submit your loan application for approval.
- If eligible, you’ll receive funds within minutes.
Specta supports all local banks, so you don’t need to have a Sterling Bank account.
Specta Packages & Features
Specta offers multiple loan packages to suit different financial needs:
| Loan Package | Who Can Apply? | Loan Limit | Key Benefits |
|---|---|---|---|
| Specta4Individuals | Salary earners & business owners | Up to ₦5,000,000 | No collateral, fast approval |
| Specta4Business | Business owners & entrepreneurs | Up to ₦2,000,000 | Payment flexibility, business promotion |
| Specta Prime | Investors & lenders | Flexible | Invest, lend, and borrow money in different currencies |
| Specta Allowed | NYSC members & startups | Varies | Designed to help corps members grow businesses |
| Specta Quick Cash | All individuals | Up to ₦20,000 | Instant short-term loans for urgent needs |
Choose a package that fits your financial needs and enjoy quick disbursement!
Requirements for Specta Loan
To qualify for a Specta loan, you need:
- A valid ID (NIN, Voter’s Card, or Driver’s License).
- An active phone number & email address.
- A valid BVN (Bank Verification Number).
- A bank account with any local bank (Sterling Bank preferred but not required).
Specta Interest Rates & Repayment Terms
Specta offers competitive interest rates, but charges may vary by package.
| Charge Type | Rate (%) |
|---|---|
| Interest Rate | 22.5% – 29.9% |
| Management Fee | 1% |
| Commitment Fee | 1% |
| Default Penalty | 1% per month |
| Insurance Fee | 2.5% |
Repayment Period: You can repay within 1 to 4 years, depending on your package.
Flexible repayment plans allow you to pay based on your financial capacity.
Specta Terms & Conditions
Before applying, ensure you read the Specta terms and conditions:
- Your loan information may be shared with credit bureaus as required by CBN regulations.
- Sterling Bank reserves the right to determine loan usage.
- Defaulting on payments attracts a 1% penalty per month.
- All loan-related processing fees are covered by the customer.
Always read and understand the terms before applying to avoid penalties.
Specta App vs. Specta Website: Which Is Better
Both platforms offer fast loan applications, but users prefer the website due to:
- Faster approval process.
- Easier navigation and application.
- More reliable customer support.
For instant approval, use Specta.ng.
How to Check Specta App Loan Balance & Repay Your Loan
To Check Loan Balance: Log in to the Specta App or website.
To Repay Your Loan:
- Recharge your account with the required amount.
- Specta automatically deducts your repayment on the due date.
- *Alternatively, dial 822# and select “loans” to make a manual repayment.
Early repayment may reduce your interest costs!
FAQs About Specta Application
Is Specta Legit?
Yes! Specta is owned by Sterling Bank, a CBN-licensed financial institution.
How Long Does the Loan Take to Approve?
Approval is instant! You’ll receive funds within minutes after successful application.
How Long Does Specta Loan Take to Approve?
Approval is instant! You’ll receive funds within minutes after successful application.
How Much Can I Borrow from Specta?
Specta loans range from ₦20,000 to ₦5,000,000, depending on your package.
What Happens If I Don’t Repay My Loan on Time?
Specta charges 1% monthly penalty for defaults. Your details may also be reported to credit bureaus.
What Is the USSD Code for Specta Loan?
Dial *822#, select “Loans”, and follow the prompts to access Specta loan services.
Can I Get a Specta Loan Without a Sterling Bank Account?
Yes! Specta loans are available to customers of all banks in Nigeria.
Conclusion: Get a Specta App Loan Instantly Today!
Specta app Loan is a trusted and fast loan platform offering:
- Up to ₦5,000,000 loans with no collateral.
- Flexible repayment terms (1-4 years).
- Instant approval & disbursement.
Need cash urgently? Apply for a Specta Loan now via Specta.ng and get funds in minutes!