Sterling Bank ‘I Go Trade Loan’ scheme was launched to bridge the gap in financial inclusion and provide solutions for its diversified customer base. Through this loan scheme, the bank will provide low-interest and collateral-free loans of up to N300,000 to Small and Medium Enterprises (SMEs) owners across the country.
‘I Go Trade Loan’ will offer beneficiaries the luxury of financial flexibility, allowing them to access funds needed to gain inventory, working capital, and other assets to stay afloat and ultimately yield sustainable profit. Also check: All you need to know about Sterling bank loan
Commenting on the new loan scheme, the Sterling bank Divisional Head, Retail and Consumer Banking, Shina Atilola, explained that the product was specifically designed to cater to the needs of artisans and micro-traders living in marginalised communities across the country.
According to him, the Sterling bank recognised the growing need for these groups of people to gain easier and quicker access to loan products.
“Across many institutions nationwide, getting a loan requires stringent processes and heavy paperwork which several small business owners find discouraging,” said Atilola.
“With ’I Go Trade’, this process has been drastically simplified. Customers, especially small business owners, traders, and artisans, can get loans at low-interest rates with no collateral and without having to physically visit the bank. This will give them the opportunity to expand their businesses and provide for their daily needs,” he added.
The Sterling bank has also made the repayment process easy and convenient, allowing borrowers to pay back on a daily or a weekly basis.
How to access Sterling Bank ’I Go Trade Loan’
To access this loan, kindly visit any Sterling bank branch nearest to you. More information about this product can also be gotten from the nearest Sterling Bank branch or agent. Good luck.