Nigerians should pursue entrepreneurship rather than seeking for white-collar jobs given the state of the country’s economy now. The current state of the economy makes it difficult for many business owners to secure financing for their enterprises. Nevertheless, securing a Starta loan will take care of this problem.
This website explains how to apply for a Starta business loan and provides other important details.
A Starta Loan Review
In 2020, Starta Loan was established with the main goal of providing loans to small businesses. They often offer small loans to first-time borrowers, increasing the credit limit when consistent payments are made. The Starta platform also helps businesses by offering trustworthy advice to entrepreneurs. This platform also offers training to entrepreneurs in managing and growing their businesses.
What varieties of loans does Starta offer?
In essence, this website offers loan services. They essentially provide two different kinds of loans to business owners. They include:
- financing for unregistered businesses
Loans for unregistered businesses (CAC) are available through Starta. For this kind of credit, the normal range is between N100,000 and N1,000,000.
- a commercial loan that is registered
For businesses that are registered with the Corporate Affairs Commission (CAC), there is the registered business loan. Because your company is registered with the appropriate authorities, you are qualified for bigger loan amounts in this situation.
Borrow up to N100,000 at Nigeria’s most affordable rates.
Did you know that you can now use our loan simulator to compare interest rates from various lenders and discover the best offer? To make an informed lending decision, it is vital to examine many loan offers before making a decision. Through our simulator, you can quickly see loan offers from several lenders, giving you the information you need to make an educated choice about your finances. Try it now!
How can I apply for a Starta loan?
If you’re interested in applying for a loan, adhere to the instructions listed below.
Go to https://starta.ng/ in step one.
After that, send in your loan application by completing the form.
- Await the Starta staff’s reaction.
interest on a loan starting
The Starta loan offers a lot of flexibility. Depending on the loan amount, the repayment period may last up to five years. In accordance with the desired loan amount, your loan has an annual interest rate of 6%.
How soon does Starta grant loan requests and distribute funds?
Starta takes a long time to approve loans. This is so that they can verify the validity of your documents. Your documents may need to be verified for weeks or even months. However, the monies will be transferred in a matter of minutes if Starta approves your application.
Requirements
The platform needs your name, phone number, email address, and information about your company in order to process an application for an unregistered business loan.
However, they need both your personal and business information, including your cash flow and income statement, to determine your eligibility for a registered business loan.
Both a Nigerian citizen and resident are required.
an active ID card
Age requirement: 18 years old
Conclusion
Many business entrepreneurs may eventually need a loan to finance their company. Fortunately, this won’t cause too much of a hassle. Starta simplifies the process of getting a loan for your company easy and stress-free. Starta provides loans to Nigerian businesses, both registered and unregistered. Follow the aforementioned guidelines to quickly get a loan for your company.
With the help of this platform, you can get a full loan that is tailored to your particular needs. In essence, it enables you to compare loans from several African lenders to make sure the finest choice is not neglected.