Last Updated on July 1, 2024 by admin
It has become a tradition by most banks in Nigeria to offer payday and salary in advance loan to salary earner, Stanbic IBTC bank is not left . Stanbic IBTC believe that every salary earner may run short on cash and need a bridge to take them through till salary is paid is necessary .As a result Stanbic IBTC has introduce salary advance and EZCash.
We are going discuss each loan package offer by Stanbic IBCT bank in details.
1. Stanbic IBTC EZCash
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.The applicable interest rate is 2.5% per month to pay back within 12months.
Your loan limit will depend on your average monthly income and the monthly loan repayments on existing loans (if any).
You can also read:Stanbic IBTC Bank *909# : How to check Bank Account Balance and Statement of Account Online
How do I qualify for Stanbic IBTC EZCash 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 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
How to Apply for Stanbic IBTC EZCash loan
Interested customers can apply online through their website link https://ienroll.stanbicibtc.com:8444/EZCash
Fill in your account number and mobile phone to conitnue with the application process.
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2. Stanbic IBTC Salary Advance Loan
This kind of loan help you get through the month cash shortage before salary is paid at the end of the month. You can choose to revolve your loan and re-use the re-paid amount, also you can renew your revolving salary loan amount after
The minimum loan amount is N20,000 spread in 12 months.
WHAT IT COSTS for Stanbic IBTC Salary Advance Loan
The account that your salary is paid into must be with us
You must earn at least N40 000 per month and must have
Minimum loan amount is N20 000.
You must have been with your employer for at least six months.
You must be 21 years or older (but not older than 60 years when the facility would end).
In the case of a contract worker, you need to be contracted to an approved company and must have valid contract terms.
How to Apply for Stanbic IBTC Salary Advance Loan
You can get a Stanbic IBTC salary advance by:
Visiting your nearest Stanbic IBTC Branch
Calling 01 422 2222
or emailing CustomerCareNigeria@stanbicibtc.com
What you need to apply for Stanbic Ibct salary advance loan?
You must earn at least N40 000 and must have a salary account with the bank for at least three months.
Minimum loan amount is N20 000.
You must have been with your employer for at least six months.
You must be 21 years or older (but not older than 60 years when the facility would end).
In the case of a contract worker, you need to be contracted to an approved company and must have valid contract terms.
