Sterling Bank Plc has launched a one-stop digital solution for all corporate credit solutions, particularly for business and corporate enterprises.
The new product, known as Gazelle, is a digital loan application system that provides corporate customers with a more innovative way to finance their business.
Managing director and chief executive of the bank, Mr. Abubakar Suleiman, speaking on the launch, said with Gazelle, corporate customers will experience a smarter way to access finance and achieve sustainable growth for their businesses.
Noting that launching the product, among other digital banking products, has positioned Sterling Bank as a leader in innovative digital solutions in the corporate lending space for businesses, Sulieman urged business owners to visit gazelle.ng on the internet to get loans faster and more conveniently to meet the needs of their businesses.
On how the product works, Suleiman explained that, a prospective customer goes through to sign up for the service by setting up a profile for the business and begins the business evaluation process by answering all relevant questions regarding the company while uploading the required supporting documents.
“Next, the business profile is approved after the customer has received an obligor assessment report following the validation of the information and documents provided. Once the profile is approved, the customer can request a loan and get a decision from the bank. The loan will then be disbursed if the customer meets the conditions for loan disbursement and receives said loan through its preferred channel,” it pointed out.
Sterling Bank is one of the leading banks in digital banking services. The bank has recently recorded more than 220 per cent growth in retail lending through Specta, its flagship online lending solution, and its variant, PaywithSpecta.
Consequently, through Specta, Sterling has been able to empower individual Nigerians by granting them credit to enhance their financial lives as well as push for gender parity in lending, a development which has resulted in granting more than N12 billion in loans to women.
