We recognize how easy it is to get lost in the frenzy of your daily activities.
However, we need to remind you that you have gone past the 43rd-day mark in the year 2021.
This includes a January that seemed like half of the year itself.
It would be great to take a pause and appreciate the efforts you’ve put into the early days of the year.
Ensure you take time to appreciate the small wins as this is essential for growth and gives us the strength to go further and accomplish more.
We are also not leaving ourselves out as we celebrate the little wins that included launching our first AltMall campaign of the year and ensuring that you, our partner, can own a car at the least possible cost with our reduced markup on AltDrive.
Cheers to more wins, Dear Partner.
You are doing well.
From all of us @ Alternative Finance.
by Sterling Team
“Memories don’t leave like people do”
“Pictures are more like memories and less like the people in it”
These sayings are interwoven and they show a great deal of how we should always create memories and save them with pictures, so fun times are never lost even when people leave.
For a while now, we haven’t had the usual face to face interactions with colleagues.
Here’s a simple way to retain the bond with colleagues for a lifetime - archiving them in pictures!
So, depending on when we finally bid the virus goodbye, create memories by having bonding sessions with people in your unit via Microsoft teams and make sure to save them with a virtual group photo.
Let’s go make memories today!
Sterling Alternative Finance.
Now that the holidays have become a distant memory, January- with her long, long days and slow nights, will change your motivation and how you consume.
When we think about the specific ways January has changed things for those who didn’t really plan for it, we now know why one in four people have become ID card bearing members of the Stingy Men/Women Association of Nigeria.
Many things have and will change in 2021, but there’s no changing the fact that January is the longest month, ever! Some say this is bound to happen because their last pay-day was a whole moon ago. Others say that as much as we are basking in the euphoria of a new year, January’s‘ brokeness' is inevitable.
Whatever side of the table you’re on, you don’t need any other identity except ours. We are proud partners and there are many ways we can support you with your personal, travel, automobile, power, home, and equipment needs while you work through the money month.
Long story short, We understand that you might not have plenty cash for squander after all the merriment but there's no need to be stingy to yourself when you have us as partners.
If you need to buy anything this January, instead of spending more by paying in full, simply buy on AltMall and pay conveniently and flexibly with zero interest and zero worries.
Use what we have and save yours for the remaining days.
We Pin. 😉
What is available for businesses?
Alternative Finance has financing offerings for Micro, Small, and Medium Enterprise (MSME).
What type of financing is available?
ALT BIZ FACILITY:
What is Alt Biz Facility?
Alt Biz facility is a product designed for small businesses to augment working capital and for asset (equipment) acquisition.
How much can I get?
We do not give loan. However, we can help you with up to N3M financing limit per business!
What is the difference between Alternative Finance and normal loan?
Alternative finance transactions are based on asset acquisition and equipment financing while normal loans are based on cash only.
What business can you help me finance?
Funds are solely for the purchase of raw material, stock or equipment. It has to be directly related to the business which must be Shariah compliant.
Can you fund Fish Farmers?
Unfortunately, the bank does not encourage financing of livestock farms due to the high risk. However, a special products will be created specifically for Agric customers.
What is the minimum tenure for financing?
What is the maximum tenure for financing?
We can do up to 24 months for equipment whilst for raw materials we can do up to 12 months.
What are the requirements?
What are the documentations needed for me to have access to the facility?
Can I use my conventional account statement for analysis?
Yes, 12 months’ financial statement from sterling and other banks is accepted. As long as there is a 3 months relationship with SAF.
Why do I have to make a commitment deposit?
It is to ensure commitment before we purchase the item on your behalf.
Is Alt Biz Facility only available for Muslims?
No, it is open to all small business in Nigeria.
ALT BIZ LEASING:
What is Alt Biz Leasing?
Alt Biz Leasing is a product designed to meet the demands for strictly equipment and asset based financing.
We do not give loan. However, we can help you with up to 3M to N20M single obligor limit!
This is for equipment finance only. Assets financed shall be used solely for the operations of the business.
Do I need to present a collateral before I can have access to this finance?
We don’t require a collateral. However, any equipment above 3M requires a tangible collateral. Also, the assets we are financing serves as a collateral.
Can I get a finance to purchase a land?
The bank does not finance the purchase of a land. However, we can offer home finance after getting a land.
SOCIAL MOBILIZATION FACILITY:
What is Social Mobilization Facility?
Social Mobilization Facility is a product designed to provide quick funds to micro businesses across different trading sectors. It aims at aiding aid financial inclusion.
Sterling bank agents are tasked with the mobilization and repayment of the funds.
We can offer you a maximum of N250,000 per obligor.
What are the requirements for Social Mobilization Facility?
Who can be an agent?
How can I become an agent?
When you meet the criteria above, you can;
Does being an agent implies that I am a staff of the bank?
Being an agent does not imply you are a staff of the bank. It only means you carry out transactions on behalf of the bank.
Can an agent get a kiosk?
Yes, agent who are situated in areas that requires a solar kiosk.
What is the cost of a kiosk?
The agent will be given targets for transactions and will pay monthly rent for the kiosk.
Will the kiosk belong to the agent?
The kiosk will belong to the bank.
What type of accounts do you have?
Can I open an account online?
How much do I need to open a Current Account?
How much do I need to leave daily in my Current Account?
What can I benefit from opening a Current Account?
What do I need to open a Current Account?
How much do I need to open a Savings Account?
How much do I need to leave daily in my Savings Account?
What can I benefit from opening a Savings Account?
What do I need to open a Savings Account?
Will I get interest on my savings account?
Can I request for a facility with my Savings account?
What is Kia-Kia Tier 1 account?
How much do I need to open a Kia-Kia Tier 1 account?
How much do I need to leave daily in my Kia-Kia Tier 1 account?
What can I benefit from opening a Kia-Kia Tier 1 account?
What are the features of Kia-Kia Tier 1 account?
What is Kia-Kia Tier 2 account?
How much do I need to open a Kia-Kia Tier 2 account?
How much do I need to leave daily in my Kia-Kia Tier 2 account?
What can I benefit from opening a Kia-Kia Tier 2 account?
What are the features of Kia-Kia Tier 2 account?
What is a Corporate Current account?
How much do I need to open a Corporate Current account?
How much do I need to leave daily in my Corporate Current account?
What can I benefit from opening a Corporate Current account?
What do I need to open Corporate Account?
My products are having issues. How long before the maintenance team checks?
If you experience any issues with your products, please call our Customer Care team on 01-7000555 and an engineer will be with you within 48 hours.
Can I cancel my Lease-To-Own contract halfway?
All contracts on Altpower have to run its full course. In the eventuality that you have to cancel your contract, there will be a penalty.
How do I pay my subscription for Power As A Service?
Your account stated on your contract will be debited at the end of every month.
Can power be rolled over to the next month, if unused?
The energy provided is not metered, therefore power is fixed.
What happens if I default in payment for Lease-To-Own or Power As A Service due to unforeseen circumstances?
If default happens for the first time, reminders are done until payment is done. However, if this occurs a second time, then the Power Solution will be recovered.
Can I choose a shorter duration than 12 months for lease to own?
Yes, you pick a minimum tenor of your choice, however, the maximum tenor is 12 months
Is delivery nationwide?
Yes, we deliver nationwide.
Does delivery cost vary?
Delivery fee is dependent on the weight, size of the item and location.
How long will it take to be delivered to me?
Delivery is done within 3 working days in Lagos and within 5 working days outside Lagos.
Is there a return/refund policy?
Yes, there is. We offer a 7-day return window for items that are incomplete, defective and counterfeit.
I got the wrong goods or damaged goods.
Please call our Customer Care on 01-7000555 to engage on this.
How can I become a vendor?
Please call us on 01-7000555 to begin the onboarding process
I think my installation was done wrongly. Who do I contact?
Please call us on 01-7000555.
How can I change my shipping address?
Once order has been confirmed, shipping address cannot be changed.
What is AltPro?AltPro is the Corporate Internet Banking platform that has been designed to meet your business needs. It is a safe and user friendly platform that allows you initiate bulk transactions, schedule statement delivery, generate reports, initiate international transfers and so much more.
What type of customer can register on AltPro?Only corporate accounts can register on AltPro.
How do I get registered?
a. Download form here (link to form) and forward to us via email at email@example.com. Send a mail to firstname.lastname@example.org indicating your interest to be profiled on the platform.• Or contact your relationship manager to get your form sent to you.• Or visit us at any of our branches to fill the enrollment form.
How are my transactions authorized on Altpro?Authorization is done using either a hard token or an m-token.
User Roles & FunctionsWhat type of transactions carried out by the initiator? You can initiate payments and service requests. The following transactions can be initiated.
• Single interbank or intra-bank transfers• Bulk transfers upload (Click the instruction tab for upload template as well as bank codes)• Recurring transfer setup.• Scheduled statement delivery• Beneficiary Management (Addition of new beneficiaries & deletion/deactivation of existing beneficiaries)
Who is a “Verifier”?A Verifier acts as a checker of any transaction initiated by the initiator.Who is an “Approver”?An Approver is tasked with the responsibility of approving the verified transactions. Status of each transaction can either be accepted or rejected by the him/her.Who is an “Authorizer”?An authorizer authorizes approved transactions. Details of transactions requiring authorization can be viewed on the authorizer’s dashboard and can either be rejected or accepted
How can I access AltPro?Kindly visit altpro.saf.ng. Currently, our mobile app is only available for approval roles. Why are there various approval levels for completing transactions on AltPro?The approval levels are put in place to ensure security of transactions through multiple levels of authentication before transactions are completed on the platform.What do I do if the initiator on our AltPro profile has left the organization?The corporate administrator should create another initiator and deactivate the previous one. Please note, transactions are not linked to users, but to roles.M-tokenCan I use my old token on the AltPro platform i.e token linked to the old corporate internet banking service?No, you can’t. You’d be required to use the M-Token. Please click here (link to token page) for more information on M-tokenLimitsWhat is the transaction limit?The transaction limit is ten million naira (N10,000,000).How can I increase my transaction limit?To increase your transaction limit, kindly liaise with your relationship manager. Alternatively, please send a duly signed instruction with your company’s letter headed paper stating request and amount you’d like your limit to be enhanced to email@example.com
OthersHow can I check my account statement?Kindly follow the following steps to view your account statement:
• Click on the accounts menu.• Click on request statement (select account).• Follow on-screen instructions (select date range and format: pdf or excel).• Click on request statement (a copy is automatically sent to your registered email).
Please note that a copy will be sent to registered email address (also check junk and spam folders) and can be accessed on the platform by clicking on view requested statement.
How can I reset my password? Please click on “Forgot Password”. Reset information will be sent to your registered email address, please look through your inbox, junk, spam and thrash folders OR send a duly signed written instruction (on your company’s letter headed paper) requesting a password reset to firstname.lastname@example.org
What does this mean? “You are not authorized to view this page”? Are you the sole signatory? If no, please advise the administrator to profile you correctly.
Can a sole signatory corporate account holder be profiled on AltPro?Yes, he or she can. However, the account holder must be profiled as both the admin and authorizerCan a multiple signatory account be profiled on the platform as a sole user?Yes, he or she can. However, a duly signed agreement by all signatories to the account must be submitted.Can I access and initiate transactions on Altpro outside Nigeria?Yes, you can the platform from anywhere in the world. How does the Admin change user roles on AltPro?Kindly click on any of the existing user/usernames and edit as required.
What is a Token?A security token allows you to gain access to an electronically restricted resource. The token is used in addition to or in place of a password. It acts like an electronic key to access a website or computer.For our Corporate Internet Banking Service (AltPro), the token is a second factor authentication method used for completing transactions.What type of Token device is available on AltPro?An M-token is used for the Altpro platform. It is a mobile token hosted on an application and can be downloaded from your phone’s Playstore (iOS & Android).How do I activate the M-token after downloading from playstore?Your M-token can be activated through any of these:
Visit any of our branches to request to be profiled for the M-token.
Once profiling is completed, the Admin sets up the other users: initiator, authorizer, verifier and selects the type of token each user should use.
Kindly call or send a mail to your Relationship Manager and request to be profiled on the M-token application
Please send a duly signed written instruction with your company letter head to email@example.com
• Your instruction should contain your corporate account number, username, mobile number, email address.• After verification, a 16-digit activation code (Valid for 10 days) would be sent to your registered email address• Please take note of the “Country flag” (Monaco, Switzerland etc.) at the point of setup as it would be required every time you log in to the application
What does the country flag on the M-token represent?The country flag is a second factor authentication after inputting your M-token pin. It is a security feature of your M-token.What do I do if I don’t receive the activation code?You can send an email to firstname.lastname@example.org , visit us at any of our branches or kindly call your Relationship ManagerI received the error message “Invalid Token/Invalid OTP” or “Unable to activate token” at the point of activating the code. What can i do? Please send an email to email@example.com for a token reset. Also, you can visit us at any of our branches to reset your token.Which of the user roles can use the M-token?All user roles (Authorizers, Admin, Approver, Verifier and Initiator) can use the What can I do to get activation code for M token on a new mobile device?. You would need to send a duly signed written instruction to firstname.lastname@example.org to request for a new activation code. Ensure you include your username, corporate account number, mobile number and registered email address on the written instruction.What can I do if my phone gets stolen?Send an email to email@example.com or visit any of our branches to deactivate the M-token from your profile.
Registration is simple; just dial *822# today to experience the Magic!
Transfer to other Banks: *822*5*Amt*NUBAN#
Block your account: *822*911#
Account Balance: *822*6#
Open Account: *822*7#
My Account(s): *822*8#
What is *822#?
*822# is Alternative Finance’s USSD (Unstructured Supplementary Service Data). It allows you have access to basic financial services by simply dialing *822# on any mobile device – no data required.
What are the benefits of using *822#
How can I register for the Service?
You can automatically register for the service if you are an account holder by dialing *822*1*NUBAN# OR the system automatically prompts you to register when you try any transaction. As part of the registration process, you will be required to create a PIN to enable you access the Intra and Inter Bank transfer services on the USSD platform. Corporate account holders are not eligible.
Do I need to have airtime on my Phone line to access this service?
For airtime purchase on Airtel, Etisalat, GLO and MTN, you do not need to have airtime on your phone.
What is the maximum amount of airtime i can buy?
You can buy up to N20,000 airtime in a single purchase, and N20,000 limit per day.
What is the maximum amount I can transfer?
You can transfer up to N20,000 per transaction with PIN 1, and up to N100,000 per transaction with PIN 2, with a daily limit of N100,000 for savings and current account.
What happens if my transfer or airtime top up fails and my account has been debited?
An auto reversal to credit your account will be effected within 24 hours. If this does not take place, kindly contact our Contact Centre on 017000555 or send an email to firstname.lastname@example.org
What can I do if I misplace my phone?
Dial *822*911# to disable USSD on your account or block your account.
How secure is *822#?
*822# is very secure as you are required to set and confirm your PIN (4-digit) at the point of registration. This PIN is personal and should be kept safe. You will also be prompted to create a PIN 2 using your debit card, if you wish to transfer above N20,000 per transaction.
How do I recharge with *822#?
You can easily recharge your phone line at any time and from anywhere using *822#.
To recharge your phone dial *822*AMOUNT# Example: From your phone, dial *822*500# to recharge ₦500 on your phone.
To send airtime to a third party, dial *822*AMOUNT*PhoneNumber#
Example: Dial *822*500*08123456789# from your mobile phone to recharge your friend’s phone with ₦500 airtime
Are there benefits of transferring funds with *822#?
How do I pay bills with *822#?
It is stressful enough to work daily so you can afford to sort your bills, it should not be stressful to pay those bills. *822# is making your bill payment one less thing to worry about. Pay your DSTV, electricity, subscriptions, and many more with *822#
To pay a bill, dial *822*BillerCode*UniqueCode*Amount# or *simply *822*2# to see different billers.
Example: From your phone, dial *822*881099*41234567890*10650# to pay for a ₦10650 DStv plan
How do I make card-less withdrawals with *822#?
We all know how frustrating it is when you get to the ATM and find out you forgot your card at home. With this, you do not need a card to withdraw money from the ATM. It is easy, seamless, and secure. Transaction limit for cardless withdrawal is N20,000.
Simply dial *822*42#
Example: From your phone, dial *822*42# and follow the prompts to create a one-time PIN (OTP). Enter your transaction pin for confirmation, a code will be sent to your mobile number via SMS.
At the ATM, enter the code, amount and the One Time Pin created, to get your cash.
Are there benefits to using card-less withdrawals with *822#?
How do I manage my cards with *822#?
*822# card management feature enables you to manage card activation and card pin change.
Example: Want to curb a spending habit? Dial *822*19# and select the channels you wish to disable and enable your cards for.
How do I reset my PIN using *822#?
Has your PIN been compromised? Or have you forgotten your transaction PIN? Yes? Alright, you can easily reset your USSD transaction PIN with this service.
To change your PIN, dial *822#, select Pin Reset
How to check you balance:
To check your account number: *822*8#
TO check your Account Balance: *822*6#
CUSTOMER CENTER FAQs
How long does it take to deliver an item?
Delivery within Lagos takes between 1-3 working days while outside Lagos takes between 5-7 working days
Do I need to have an account with Alternative Finance to shop and pay later?
You do not need to have an Alternative Finance account to shop and pay later. An account will be automatically opened for you after facility has been approved.
Why can’t I find the finance option for the product I want?
All products that are eligible for financing must be above twenty thousand naira (N20,000).
How does the Alternative Finance payment option work?
Alternative finance payment option helps you buy what you need now and pay later. This allows you spread payment for what you need over 12 months.
If I select the pay later option, can my item be delivered before I start paying?
Yes, you get your item delivered to you before you even begin to pay.
What are the payment options available?
You can either pay later with Alternative Finance, pay with your Card or OneBank.
Can I change my shipping address on the site?
After confirming your order(s), delivery address cannot be changed.
How much is delivery?
Do you have a pickup outlet?
We do not have a pickup outlet; however, you can speak with our Customer Care team on 017000555.
What is the maximum amount of financing that I can get?
You can get financing up to two million naira (2,000,000).
Can I do an exchange in case of wrong sizing or measurement?
If you place an order requesting for a size and the vendor delivers a different size, we will ensure that your product is exchanged. However, if the order was delivered correctly, we will not be able to do an exchange. We advise that you please go through the size guide carefully.
Can I track my orders online?
Yes, you can, using our delivery platforms of our delivery partners like DHL.
Are all products on Altmall original and genuine?
Yes, they are. We only deal with verified vendors and products.
Are all products on Altmall new and unused?
Yes, all products on Altmall are new and unused.
Are the prices of items on Altmall negotiable?
All prices are fixed.
Is there a warranty on items purchased on Altmall?
All items purchased from Altmall have warranty.
How do I cancel an order?
Please reach out to us on 017000555 for the possibility of cancelling your order.
SELLERS CENTER FAQs
What is AltMall
Altmall Is an E-commerce platform developed to give customers a great shopping experience allowing them to buy now and pay easy.
How do I register as a vendor?
Visit www.altmall.ng click on “sell with us” to register and create a store on Altmall.
How do I log in?
Select the “login ”tab on Altmall to access the platform after registration.
What happens if I am listing products for the first time.
All products listed will undergo review by our Quality and Control team.
How best do I describe items I am selling?
When describing your products, take into considerations keywords that your customers will use when searching for your products. Let your product description include product title and unique selling features.
What are the best images to use?
Product images are best displayed on a white background.
How do I review my product listings?
Product Listings are reviewed after 48hours. You can also reach us on email@example.com for assistance.
My item listing got rejected what do I do?
Please reach out to us on firstname.lastname@example.org for clarifications and assistance.
Can I upload bulk products, or do I have to do it manually one by one?
You can do bulk upload of products on Altmall. If you are experiencing any issues, please reach out to us on email@example.com .
Do I get a notification when a customer places an order for my item?
Yes. You will get a notification in your email once an order is confirmed.
How can I track my order/sales history?
To locate the Order/Sales History, login into your account and view the “My Account” page.
If I experience any issue using any of the seller service, who do I contact?
Why does Altmall need an invoice from my store?
A request for an invoice will only be relayed by an Altmall representive for an offline transaction.
How do I deliver my item that has been purchased on Altmall to the customer and who bears the cost of delivery?
We currently run a pick-up and delivery logistic system on orders. We will reach out to you if a customer needs to pick up directly from you.