TO make sure that workers, especially salary earners meet their needs anytime they want, Sterling Bank plc has unveiled ‘Salary Advance Facility’. The facility is to help people meet their emergency needs without necessarily waiting till the end of the month.
According to the bank, “It happens to just about everyone. An emergency comes up and you need a quick loan until your next payday. Sterling Bank Salary Advance facility is available to help you out.”
Speaking on the product, the bank promised to finance the would-be beneficiary up to 50 per cent of the monthly net pay. It added that there is monthly repayment of the loan facility, while there is life insurance policy to the tune of the loan amount, courtesy of Sterling bank.
Disclosing the method of application, the bank says such person should open a salary account with the bank, while employer’s status inquiry and banker’s status inquiry is needed from the intending beneficiary.
Letter of Comfort from employer to domicile salary and entitlements with Sterling Bank throughout the loan period is equally needed from the workers, it states.
On the investment product of the bank, it says, “Investing is often seen as an intimidating venture to those who don’t really understand investment. That is why Sterling Bank Plc is saying that investing is the active redirecting resources from being consumed today so that they may create benefits in the future.”
And as part of its plans to be Nigeria’s leading diversified financial institution with dominance in chosen markets, the bank promised to deliver unique solutions that enhance customers’ wealth.
On the School Fees Finance, the bank states that the fact that everyone deserves a good start in life and good qualitative education made it launch the product. 
Sterling Bank finances up to 70 per cent of the value of the fees with maximum tenure of 12 months, the bank says. The bank indicates that there is Life Insurance policy to the tune of the loan amount.
The would-be beneficiaries were to open a current or salary account with Sterling Bank, while there should be original bill from the school.