Do you want to borrow money from a Nigerian bank? will you be using ussd code to borrow money from Sterling bank? by calling the ussd code listed below on your cell phone, you may simply accomplish this.
Your 16-digit account number will be required after you have dialed the following code. The amount you want to borrow will then need to be entered. you’re done when you click “send” after entering all the necessary data.
But first, let’s speak about what we’re talking about.
What is a Ussd Code?
To contact a service provider using a mobile phone, dial a particular set of digits known as a Ussd code.
You may borrow money from Sterling Bank in Nigeria using a unique USD code. You may borrow money from the bank using the code *901# in N500, N1,000, N2,000, N5,000, and N10,000.
How to use a Ussd Code to Borrow Money from Sterling
So you want to borrow money from Sterling bank? here’s how:
To get started, you’ll need to dial *786* amount you want to borrow*# on your phone. For example, if you want to borrow n20,000, you’ll dial *786*20000*#.
Next, you’ll need to provide some personal information for documentation;
- Your name
- Date of birth
- Phone number
- Amount of money
once you’ve entered all the required information, you’ll need to wait for a confirmation message. if everything is okay, the money will be transferred to your account immediately.
The maximum Credit limit for Sterling Bank loans
You can borrow up to two hundred thousand naira from Sterling bank.
To borrow money from Sterling bank, you will need to have an account with the bank and have your phone registered for the bank’s ussd code service. You will also need to provide the bank with some basic information, including your name, id number, and contact details.
Once you have registered for the service, you can dial *833*5# from your phone to get started. You will then be asked to provide some more information, including the amount of money you would like to borrow and the purpose of the loan.
Once your request has been approved, you will be given a loan reference number which you can use to collect your money from any sterling bank branch.
What is the Interest rate on Borrowing from Sterling Bank?
Borrowing money from Sterling bank carries an interest rate that ranges from 9% to 18%. This means that depending on the amount you borrow and the repayment period you select, you will be charged a percentage of the total amount you borrow each month. Before applying for a loan, ensure you are receiving the best deal possible by ensuring you understand the interest rates and payback conditions.
You may quickly borrow money from Sterling bank by using the ussd code. the steps are as follows:
1. On your telephone, enter *822#
2. Click “loans”
3. Choose “borrow loan.”
4. Fill in how much you want to borrow.
5. Type in your four-digit pin.
6. Verify loan information and pay back on your subsequent paycheck.
It’s that easy! with the ussd code to borrow money from Sterling bank and the steps explained in this article, you can get quick access to cash when you need it.