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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How the Logistics Sector Can Improve On Payment Collection In Nigeria

How the Logistics Sector Can Improve On Payment Collection In Nigeria
The logistics sector in Nigeria continues to gather momentum, especially in the urban centers that are densely populated with people of varying demands. This business is a critical part of the supply chain as it collects, transports, and delivers products to customers. Hence making it a lucrative venture in Nigeria.
However, the advent of technology has amplified the logistics sector as it now tends to leverage digital tools to attract customers seeking to employ the service for product delivery to different parts of the country. This has increased online presence through websites and social media platforms like Instagram, Facebook, and X (Twitter).
Notably, the logistics sector already has a synergy with other sectors like the e-commerce industry, which is primarily populated by small and medium-scale enterprises (SMEs).
Therefore, its relevance becomes germane to fostering the customer experience of any business. This is because a timely delivery of products is the hallmark of any logistic business.
However, payment structure plays a significant role in the effectiveness and efficiency of the business as this propels it to pick up products and get them delivered to people. So, product delivery will always be delayed when a firm payment agreement between an SME and the logistic business is not met. While this can affect the reputation of the SME, it can also reduce the patronage of such logistics.
In light of bolstering the operation of the logistics sector in Nigeria, it is imperative to employ payment methods that are easy and simple to use such that it does not lead to delays that hamper related businesses. Therefore, Fincra has put in place sustainable payment innovation to boost the growth of the logistics business in the country.
Notable as one of the leading fintech companies in Nigeria, Fincra is a payment gateway committed to improving the payment strategy of different sectors in Nigeria, including the logistics business.
Ways Logistics Sector Can Collect Payments On Fincra
1. Virtual Account
Logistics businesses can create a naira (NGN) virtual account on Fincra, which enables them to collect payments from clients across Nigeria. This virtual account can be temporary in the instance of a one-off transaction or a permanent one, which can be used to collect payments like the local bank account.
This Fincra virtual account allows easy reconciliation and effective payment management for businesses and logistics.
2. Payment Link
There is a Fincra payment link that logistics businesses can quickly generate to collect payments from clients. This link can be customized and shared across various messaging tools – social media platforms and text messages. It includes all the necessary information, including the account details of the logistics business for their clients to make payment via bank transfer or cards.
3. E-wallet
This is using the Fincra wallet to collect payment by the logistic business. However, it is only conditioned that the other client has a Fincra account to facilitate this transaction. This is another effective way of collecting payments because it is simple and instant.
Therefore, logistics may need to create a Fincra account and encourage their clients to create the account to enable a seamless completion of payment without delay. This will be a win-win situation for both businesses.
4. Card Payment
This involves the use of credit or debit cards to make payments. As such, there is a Fincra POS terminal that logistics businesses can employ to collect card payments from their clients. This is a mode of agency banking designed by Fincra to increase the coverage for the payment system in Nigeria.
It facilitates an in-person transaction that ensures quick completion of payments between the logistics business and its clients.
Conclusion
Nigeria’s logistics sector is a booming economy, with many entities foraying onto the landscape. But as this sector continues to become competitive to stay afloat, it is important to adopt better payment strategies that would push the business to the fore of attracting more clients.
Fincra provides different options to collect payments for logistics businesses. You can take advantage of that when you create a Fincra account now.
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How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria

How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria
E-commerce is a burgeoning sector in Nigeria, with small and medium-scale businesses continuously entering the market to attract teeming online users who are potential customers. This can be owed to the widespread adoption of technology, which businesses are leveraging to grow sales.
Today, there is a proliferation of e-commerce platforms or stores across Nigeria designed to meet the purchasing needs of the larger Nigerian population. This has given rise to a competitive market with businesses adopting strategies that would give them a better position of generating and retaining leads (customers) in the dynamic business landscape.
There are many strategies e-commerce businesses employ in Nigeria and worldwide – from a user-friendly online storefront that is easy to navigate to a payment system at checkout. These are some significant factors customers consider to inform their buying decisions on an e-commerce platform.
We can not overemphasize the role of payment collection in e-commerce, as customers are always keen on ensuring that a system makes their payment at checkout seamless. This reinforces customers’ trust and confidence in completing their purchases on the e-commerce platform.
But, while bank transfers, card payments, and e-wallets are currently the popular methods of collecting payments in Nigeria, e-commerce businesses can harness different payment options on Fincra.
Payment Collection Methods On Fincra For E-commerce Businesses
Fincra is a leading fintech company in Nigeria that has become a trusted and reliable payment gateway for various business niches. As such, e-commerce businesses can use the payment options on Fincra or, better still, integrate with the payment API on the platform to ease the payment process on their respective platforms.
However, you can directly collect payments from customers across Nigeria on your Fincra account. You can achieve this with payment options that include:
- Virtual account: this is a virtual naira account on Fincra that enables you to collect payment through bank transfers from your customers.
- Payment link: there is a Fincra Payment Link, which is customizable – enabling you to share account details with product descriptions with customers on social or messaging platforms.
- Direct API: this is a fully optimized payment system that provides a class array of different options on your e-commerce platform.
- Checkout: a Fincra checkout can be tailored to your e-commerce platform, supporting your customers’ devices to provide an improved experience for your customers.
By and large, all these payment collection methods on Fincra are important to the payment strategy of any e-commerce business in Nigeria. They provide your company with a positive outlook to gain trust and confidence.
Benefits Of Payment Collection On Fincra By E-commerce Businesses
1. Low Fee
The fee is relatively low when you collect payments on the Fincra. It provides one of the industry’s best pricing such that you save more for your business while using the platform. This is with the understanding that the sole aim of business is to make profits. Therefore, Fincra is committed to maximizing your gains with its low fee structure on the platform.
2. Advanced Security
Fincra employs a state-of-the-art security system to keep your funds safe when collecting payments on the platform. It complies with industry standards to keep your financial information and funds from unauthorized access. Therefore, Fincra protects you from identity theft that could lead to a possible loss of funds.
3. Multiple Payment Methods
As a reputable payment gateway in Nigeria, e-commerce businesses can collect payment via different options that best suit them on Fincra. These are naira (NGN) virtual accounts, payment links, checkout, and direct API. Therefore, these make your business more trusted as you gain more customers.
Conclusion
People continue to use e-commerce platforms to buy their preferred products in Nigeria, even as others also offer a range of services. But the integral part of e-commerce is the payment system that is the best fit for customers. That is why these businesses need to use the various options on Fincra to collect payments in Nigeria.
You can create a Fincra account now to use different payment methods for your e-commerce business.
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FINTECH
AAS TOKEN (AAST): The Power of Early Cryptocurrency Investment

AAS TOKEN (AAST): The Power of Early Cryptocurrency Investment
In the dynamic landscape of finance, one phenomenon has consistently captured the attention of risk-takers and forward thinkers alike — the world of cryptocurrency. Stories of astronomical gains and heartbreaking losses fill the digital realm, but amidst this volatility, a strategy stands out: investing in cryptocurrency at launch. This article delves into the advantages of being an early adopter, exploring the potential for substantial profits and the unique benefits that come with it.
The First Mover Advantage: The undeniable perk of diving into a new cryptocurrency at launch is the first-mover advantage. Early investors gain exclusive access to potential gains before the wider market catches on. Securing tokens at lower prices paves the way for significant profits as the project gains traction and demand. This early entry positions investors at the forefront of groundbreaking digital currencies, offering a unique edge in the volatile crypto market.
Discovering Hidden Gems: Investing in cryptocurrency at launch opens the door to discovering hidden gems amidst the sea of digital assets. While established players like Bitcoin and Ethereum dominate headlines, emerging projects can provide unique features and innovative solutions to real-life problems. Being an early investor allows individuals to identify and capitalize on the next big thing before it becomes common knowledge, potentially reaping substantial rewards.
Timing the Market Waves: Timing is crucial in the cryptocurrency market, and investing at launch provides a unique opportunity to ride the initial market waves. As a project gains attention and momentum, early investors can strategically capitalize on price fluctuations, buying and selling to maximize returns. While navigating early market dynamics requires an understanding of volatility, the potential rewards outweigh the risks for savvy investors.
The Token Launch: A Privileged Opportunity: Introducing a token launch that presents a privileged opportunity for early investors. Pre-sale information is shared, including the dates (19th and 20th of November 2023) and the corresponding prices for each phase (15 cents, 20 cents, and 25 cents). The token’s total supply is highlighted as 10 billion, with 50% in circulation and the remaining 25% allocated for liquidity provisions, business development, and special projects.
Economics of the Token: A breakdown of the AAS token’s economic structure is provided, detailing the allocation of the 10 billion tokens. Categories include liquidity provisions, business development, special projects, an arbitrage system team, and marketing and operational costs. The reserve purposes are emphasized as a security measure, instilling confidence in potential investors.
Building a Long-Lasting Investment through AAST: The article emphasizes the advantages of being part of an early investment in the mentioned token through the AAS platform. The early investors are encouraged to sign up and leverage the potential benefits of being among the first to access the token when it hits the open market. The minimum registration amount is disclosed, and the article stresses the opportunity to earn a weekly return on investment.
Conclusion: In conclusion, the article is meant urges readers to seize the opportunity presented by the upcoming AAS token launch. Drawing parallels to the early days of Bitcoin and other successful cryptocurrencies, the author highlights the potential for substantial profits and the chance to be part of a revolutionary investment. The call to action encourages readers to subscribe, like, comment, and sign up for the AAS platform to embark on a journey of financial growth and success.
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