BANKING
How To Get SunTrust Bank Loan

How To Get SunTrust Bank Loan
In the pursuit of financial dreams and aspirations, there are moments when we need an extra push, in the form of a financial stepping stone, to bridge the gap between our current position and where we wish to be. It could be anything, be it realizing an age-long ambition, investing in a business, or attending to unexpected expenses, getting a loan to help sort any of these, could be the key to opening up your financial potential. And, SunTrust Bank is a reputable financial institution to provide you with the loan that will suit your financial needs: “How To Get SunTrust Bank Loan”
But, the question remains: How can you access the financial support you need from SunTrust Bank? In this article, we’ll guide you through the essential steps and uncover the nuances of securing a SunTrust Bank loan. By the end, you’ll have the knowledge and confidence to set your financial plans into motion. Keep reading to learn how to get a loan from SunTrust, finance your personal financial goals, start a new business or expand your existing business.
About SunTrust Bank
SunTrust Bank, licensed by the Central Bank of Nigeria under the Banks and Other Financial Institutions Act, is a privately held commercial bank focused on providing unique financial services and products to consumers, small businesses, and governments. SunTrust Bank also provides a wide range of financial services and transactions to the banking public, with loans forming a mainstay of the financial products offered to the transacting public by SunTrust Bank. SunTrust was established in 2015 by the Central Bank Of Nigeria (CBN).
Does SunTrust Bank Give Loans
SunTrust Bank offers four major types of loans to its customers to help them achieve their financial goals and dreams when they have challenges sourcing funds and raising capital for the expansion of their existing businesses or starting an entirely new business.
SunTrust Bank is always there to provide the required funding, provided the loan applicant meets the eligibility requirements set up by the ownership and management of SunTrust Bank. The four major loans that are offered by SunTrust Bank are grouped and known as consumer loans.
Types of Loans Offered By SunTrust Bank
SunTrust Bank offers four major types of consumer loans to its customers across Nigeria, the four major loans offered by SunTrust cover a wide area of business concerns, personal finance needs, and a cross-section of several industries. The three main types of loans available at SunTrust Bank include:
- Asset Financing: This is a loan that is offered to SunTrust customers who wish to acquire assets but are low on cash, the bank offers the customer several options to help the customer acquire the asset of their choice without any hassles. The asset financing loan is approved provided you meet the eligibility requirements from r the loan. You have to also get the asset in question from any of the bank’s pre-qualified vendors.
- Smart Employee Loan: This loan offer is designed for employees of organisations it is similar to the asset financing loan in some ways but this loan is specially designed for employees of reputable organisations and government agencies and institutions…
- Investment Backed Loan: This is an investment leveraged type of loan that SunTrust Bank provides its customers who have an investment portfolio with the bank. Your investment with the bank is the major thing that qualifies for eligibility for this loan type.
SunTrust Bank Loan Interest Rate
SunTrust Bank offers loans at interest rates that are competitive with the best rates in the lending market. The interest rates offered by SunTrust Bank are in the range of 2.47% to 10% or more depending on the peculiarities of the loan the applicant is seeking.
SunTrust Bank Loan Eligibility
SunTrust Bank provides loans to customers with financial needs, but for anyone to have their loan request to SunTrust Bank approved the person needs to have and fulfil the eligibility requirements for whichever type of loan they are requesting from SunTrust Bank. The eligibility requirements for the different types of loans provided by SunTrust Bank are listed below:
Asset Financing
- You must get the asset from one of the bank’s pre-qualified vendors
- You must be a confirmed staff of your organization if you’re a salaried employee
- If you’re self-employed, you must have been in active business for at least 24 months
- You must have a clean credit report
- Your salary account must be domiciled with SunTrust Bank
Smart Employee Loan
- You must be a confirmed staff of your organization if you’re a salaried employee
- You must have a clean credit report
- Your salary account must be domiciled with SunTrust Bank
Investment Backed Loan
- You must have an active investment portfolio with SunTrust Bank
- You must have an active account with SunTrust Bank
SunTrust Bank Loan Application Process
The application process for any of the loans offered by SunTrust Bank is easy to follow. The steps for applying for the major SunTrust Bank loans are listed below:
- Visit the consumption loan section of the SunTrust Bank website
- Scroll down to where it is written “Get A Loan” click the button and then follow the prompts on the pop-up page that will open next
- Login to the SunTrust loan application portal fill out the necessary details and wait for your loan to be processed and approved if you satisfy the eligibility requirements
Benefits of SunTrust Bank Loan
SunTrust loans provide several benefits to customers of the bank who receive loans from the bank, be it personal financial goals loans or business loans. Some of the benefits that come with SunTrust Bank loans are listed below:
Asset Financing
- This loan helps you to purchase your desired assets at the time you want and not get hindered by lack of funds
- The loan has a long reasonable tenure of up to 48 months for automobiles and 24 months for other assets
- You don’t have to pay any origination fees
- You don’t have to pay an annual fee
- You also do not have to make pre-liquidation payment
Smart Employee Loan
- You can leverage your employment status to get extra funds to attend to your financial needs before your salary is paid
- You don’t have to pay any origination fees
- You don’t have to pay the annual fee
- You also do not have to make pre-liquidation payment
- Investment Backed Loan
- The loan tenure is up to 48 months which provides a flexible repayment plan
- You will not have to pay origination fees
- You also will not have to pay an annual fee
- Pre-liquidation payment will not also be made by you
Cons of SunTrust Bank Loan
SunTrust Bank provides several benefits to customers, however, there are a few downsides to the loans offered by SunTrust Bank including:
- The smart employee loan is limited in its reach as it is designed for only salaried employees of organisations recognised by SunTrust Bank
- The investment-backed loan tenure is short and needs more loan tenure extension since the applicants have an investment portfolio with the bank
Conclusion
SunTrust offers very affordable loans to its retinue of customers across Nigeria, these loans because they are given at affordable rates help the recipients to grow and achieve their aim of collecting the loan in the first place. If you’re seeking for an affordable loan to suit your financial needs, SunTrust Bank is the financial institution to go to, why not visit SunTrust Bank today to achieve your financial goals. See
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FINTECH
Fincra Granted Payment System License in Tanzania

Fincra Receives Payment System Provider License from the Bank of Tanzania, Expands Regulatory Footprint in East Africa
Fincra, a leading pan-African payment infrastructure company, has received regulatory approval from the Bank of Tanzania through its 100% controlled local entity to operate as a licensed Payment System Provider, enabling it to deliver secure, scalable, and compliant payment services across Tanzania.

Fincra Granted Payment System License in Tanzania
This approval, granted under the Payment Systems Licensing and Approval Regulations, 2015, authorises Fincra to provide payment services in Tanzania. The license represents a significant milestone in Fincra’s East African expansion strategy and underscores its commitment to working closely with regulators to build trusted financial infrastructure across the continent.
“We are thrilled to receive this license from the Bank of Tanzania. It reflects our long-standing commitment to regulatory integrity and positions us to deliver even more value to businesses in East Africa,” said Wole Ayodele, CEO at Fincra. “This is a key part of our mission to build the rails for an integrated Africa”
The license allows Fincra to offer its suite of payment products and services to businesses operating in Tanzania, including local collections, business payouts, and API-based infrastructure for real-time payments, all while maintaining full compliance with the regulatory framework set by the Bank.
Fincra’s entry into Tanzania is strategically aligned with the country’s growing digital economy and its push for financial inclusion. Businesses in sectors such as fintech, logistics, travel, retail, and remittance will now be able to leverage Fincra’s infrastructure to scale faster, move money more efficiently, and expand across borders.
This development follows Fincra’s earlier regulatory approval in South Africa as a Third Party Payments Provider (TPPP) and cements the company’s position as one of the few African fintechs actively building a multi-market regulatory foundation to support a truly pan-African financial ecosystem.
About Fincra
Fincra is building the trusted financial infrastructure for businesses in Africa to move money locally and globally. Through a suite of APIs and no-code solutions, Fincra enables secure collections, payouts, and settlements across borders, with full regulatory backing in every market it operates.
Create a Fincra account in 3 minutes here.
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FINTECH
Fincra Secures South African TPPP License

Fincra, a leading provider of payment infrastructure for local and cross-border payments in Africa, is proud to announce receipt of another Third Party Payments Provider (TPPP) in South Africa.
Under this license, Fincra is now authorised to process the following types of payments:
- Credit Card
- Debit Card
- EFT (Electronic Funds Transfer) Credit
- Real-Time Clearing (RTC)
- Rapid Payments
The license reinforces Fincra’s ability to facilitate seamless, secure, and compliant financial transactions for businesses operating within and across South Africa.

Fincra Secures South African TPPP License
This development marks a pivotal advancement in Fincra’s mission to build the rails for an integrated Africa by creating the infrastructure to simplify how African businesses pay and get paid globally.
“Securing the TPPP license in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa. It reinforces our commitment to building compliant, reliable infrastructure that powers cross-border trade at scale. We’re excited about the opportunities this opens for businesses across the continent.”
— Ayowole Ayodele, CEO and Co-founder, Fincra.
Fincra’s new capabilities enable businesses across Africa and beyond to integrate directly with South Africa’s core payment systems and banks, offering faster settlement, greater reliability, and compliance with the country’s stringent financial regulations.
IFincra is now better positioned to support a broader range of merchants in industries such as e-commerce, logistics, B2B marketplaces, travel, and more.
“This license strengthens our ability to serve our merchants with faster, more secure, and locally compliant payment options in South Africa. It’s a game-changer for businesses looking to expand or operate in the region, and a strong signal of Fincra’s continued focus on enabling growth for our customers.”
— Emmanuel Babalola, CCGO, Fincra.
For Fincra, this is not just a regulatory achievement, it’s a signal of what’s next for the African payments space.
As Fincra expands across the continent, its growing regulatory footprint and partnerships with Tier-1 banks provide the foundation for scale and innovation.
About Fincra
Fincra is a leading payment infrastructure provider enabling seamless cross-border transactions across Africa.
Fincra empowers businesses, fintechs, and financial institutions to collect payments globally and make payouts locally, all through one powerful API or platform. With Fincra, launching remittance products, automating payroll, and expanding into new African markets becomes effortless. Fincra is building the financial rails that power trade, innovation, and scale across the continent.
Create a free account in 3 minutes at fincra.com
Connect with Fincra on LinkedIn , X(Twitter) Instagram, and Facebook.
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BANKING
African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade

The African Development Bank Group (www.AfDB.org) and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa.
The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA). This initiative strengthens Standard Bank’s lending capacity, ensuring greater access to finance for SMMEs, a critical driver of economic growth and job creation in South Africa.

African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises
The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million. This financing will support up to 4,000 businesses, helping them scale operations, create jobs, and contribute to economic resilience.
Kenny Fihla, Deputy Chief Executive Officer of Standard Bank Group and Chief Executive Officer of SBSA, welcomed the investment, stating: “This landmark partnership strengthens our ability to support SMMEs, the backbone of South Africa’s economy. With approximately 3.2 million SMMEs accounting for 60% of jobs, ensuring access to finance is crucial. This initiative aligns with our Sustainable Finance Framework and our commitment to financial inclusion.”
In addition to the social bond, the $200 million RPA enhances trade finance across Africa, focusing on Low-Income Countries and Transition States. This agreement enables local banks to increase lending by sharing risk, bridging the trade finance gap, and promoting intra-African trade.

African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade
Leila Mokaddem, Director General for Southern Africa at the African Development Bank, highlighted the broader impact: “This collaboration marks a significant milestone in our long-standing partnership and is a testament to our shared commitment to supporting SMMEs’ growth and enhancing trade finance across Africa. Expanding financial inclusion and trade opportunities empowers businesses to drive economic transformation and regional integration. The Standard Bank Group remains a strategic partner in our shared vision for economic development on the continent.”
This initiative aligns with the African Development Bank’s Ten-Year Strategy (2024–2033), which prioritises industrialisation, regional integration, and improving the quality of life in Africa. It also supports Standard Bank’s Sustainable Finance Framework, reinforcing both institutions’ commitment to fostering green and inclusive growth.
“We are proud of this transaction, demonstrating our shared commitment to sustainable financing. By supporting businesses, we create long-term economic opportunities and financial resilience,” stated Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank.
Kenny Fihla reaffirmed the significance of the collaboration:
“By providing much-needed capital, we are helping enterprises overcome challenges and thrive. This partnership illustrates the power of collaboration in driving meaningful economic and social change in Africa.”
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