Consumer Loans

Helping You Make
Smart Financial Choices

SunTrust Consumer Loan is a smart way to borrow, no matter the occasion. You could be approved and receive funds as soon as today!

Here is what’s great about an SunTrust Consumer Loan

  • Fixed monthly payments
  • No Origination Fees
  • No Annual Fee
  • Competitive Rate
  • NO Pre-liquidation payment

SunTrust Consumer Loan can be used for:

or Trips

Customer Loans
and their Benefits

We offer you an array of options to help you purchase your assets of choice without any hassle from the Bank’s prequalified vendors.

Enjoy the ease our Asset Financing provides.


  • Competitive interest rates
  • Tenor of up to 48 months for automobiles and 24 months for other assets.


  • Must be a confirmed staff of your organization, except if self-employed
  • If self-employed, must have been in active business for at least 24months
  • Clean credit reports must be provided.

This product is designed to facilitate personal loans to confirmed staff of select private companies and government agencies whose staff salary accounts reside with the bank.

Key Features

  • Maximum facility tenor of 36 months 
  • Attractive Interest rate 


  • Age of applicant must be within 18 and 55 years
  • Applicant must have been in account relationship with SunTrust Bank for at least one month, have his/her salary domiciled with SunTrust Bank and must have a BVN
  • Applicant must be a confirmed staff of the pre-approved company or government organization with regular and verifiable source of income and must have worked with the same employer for at least six months.
  • Clean credit reports

This product is an Overdraft facility that allows qualifying retail customers in paid employment overdraw their accounts to meet urgent financial needs

Key Features

  • Tenor is 30 days or until next pay day
  • Competitive Interest rate 


  • Age of applicant must be within 18 and 55 years 
  • Customer should earn a minimum salary of N25, 000.00.
  • Customer shall have clean credit reports

This product allows Bank customers use cash deposits (FCY/LCY), FGN Securities and/or investments provided by either themselves or third parties known to them as collateral for credit facilities. 

Key Features  

  • Tenor of up to 12 months.
  • Interest rate: Negotiable (minimum margin of 6% p.a. to be maintained for facilities collaterized by cash deposits).


  • Executed letter of set-off and cash/investment collateral agreement.
  • Where the tenor is longer than one year or investments have shorter tenors than the facility, the customer shall be required to provide a rollover instruction on the investment collateral over said period
  • Clean credit reports shall be available
Head Office
  • 1, Oladele Olashore Street, Off Sanusi Fafunwa Street, Victoria Island, Lagos State

  • +234 (01) 2802141-4

Lagos Island
Abuja Regional Office
Rivers Office
  • 16B Trans Amadi Industrial Layout, Nwaja Junction, Port Harcourt, Rivers State

  • +234 (01) 2802141-4

Akwa Ibom Office
  • No 13, Road 1, Abak Road, Federal Housing Estate, Uyo, Akwa Ibom State

  • +234 (01) 2802141-4