Stanbic IBTC Loan

Stanbic IBTC EZCash

Are you in need of quick cash? This product was made with you in mind. EZ Cash gives you funds ranging from 20,000 Naira to 4,000,000 Naira at an interest rate of 3.0% monthly to pay back within 12months.

Stanbic IBTC EZCash

Are you in need of quick cash? This product was made with you in mind. EZ Cash gives you funds ranging from 20,000 Naira to 4,000,000 Naira at an interest rate of 3.0% monthly to pay back within 12months.

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Frequently Asked Questions

What is EZ Cash?

This is a term loan that offers eligible active current account holders, instant access to funds ranging from N20,000 up to N4,000,000 for a period of 12month, anytime, anywhere with no documentation required.

How do I qualify for this loan?

You must have an active account that is at least 12 months old with the bank. You should not be less than 18years as at the loan application date and maximum of 59years. You must not have any history of dud cheques. You must have satisfactory credit reports.

What is the interest rate?

The applicable interest rate is 3.0% per month

How many times can I borrow?

You can borrow as many times as you require, provided the cumulative sum of total amounts borrowed does not exceed your maximum assigned limit

What are the factors that affect my loan limit?

Your loan limit will depend on your average monthly income and the monthly loan repayments on existing loans (if any).

How long is the loan for?

It ranges between 1 to 12month.

How much can I borrow?

You can borrow any amount within the limit advised to you during your application.

What are the charges/fees?

  • Management fee of 1% on amount borrowed
  • Value Added Tax (VAT) of 0.05% on amount borrowed
  • Insurance fee of 0.35% on amount borrowed

When is the Interest taken from my account?

Interest payment for the amount borrowed is taken at the end of the month.

What happens if I only spend part of the money I borrowed?

In the event you withdraw money to an amount less than the sum initially borrowed, interest charges will only apply to the amount withdrawn.