Last Updated on July 1, 2024 by admin
Stanbic IBTC Get Quick Loan allows borrowing to offset your Emergency needs and other short-term borrowing needs to do the things you want to do, when you want to . The loan comprises Unsecured Personal School Fees Loan ,Home loan, Vehicle and Asset Finance,Smart Loan,Secured term loans,Unsecured Loans and Salary Advance .
We are going to walk you down different kinds of Stanbic IBTC quick loans so you can decide the loan that best fit your needs, requirements and how to apply.
1.Stanbic IBTC Unsecured Loans
This is a medium to long term loan that gives you access to funds to meet your personal needs such as household equipment, Educational expenses, car maintenance, house rent etc.
Requirements to apply for Stanbic IBTC Unsecured Loans
To qualify for an unsecured personal loan, You must have been with your current employer for six months or longer.
2.You Must be 21 years or older (but not older than 60 years on expiration of the facility).
3. You should earn a minimum net monthly income of N20 000.
4.You must have a satisfactory credit bureau report.
5.Your salary must be paid into a stanbic IBTC Bank account
6.You have to be a Nigerian citizen with permanent residency.
7.You need to be permanently employed or be a contract worker at an approved company with valid contract terms.
2. Stanbic IBTC Unsecured Personal School Fees Loan
This kind of credit facility is designed to meet the financial needs of parents and guardians looking to pay the school fees for their children or ward in any tier of the education system in Nigeria.
The loan comes with zero collateral requirements.You can Increase loan tenor (that is 12 months tenor to be rolled over yearly for five years).The credit is for both local and international.You can get Exact amount invoiced by the school as loan amount.
What documents are required
To apply for Stanbic IBTC Unsecured Personal School Fees Loan you must provide the following documents:
1.Letter of Introduction and Salary Domiciliation from Employer
2.Immediate past three months’ pay slips.
3.Six months’ salary account statement (new customers).
4.Valid means of ID or Staff ID.
5.Invoice from the school indicating the tuition, accommodation and upkeep fees
To apply for any stanbic ibtc quick loan kindly visit any branch closest to you.
3. Stanbic Ibtc bank Home loan
This kind of Stanbic Ibtc Home loan is available to business owners and salaried individuals with monthly, quarterly, biannual, and annual repayments options, it enables you to Purchase a completed residential unit. The minimum loan amount is from NGN N 3 000 000 for a maximum of 20 years as repayment period and your Net Monthly income should be NGN 200 000.
Purchase should be done with an off-plan unit through any of the bank’s approved developers and Purchase properties across a range of locations
Requirements to apply for Stanbic Ibtc bank Home loan
Before you can apply for Stanbic Ibtc bank Home loan , you have to provide the following documents as stated below:
1.Recent 6 months’ bank statements with evidence of salary payment.
2.Completed Home Loan application form
3.You must provide an Offer letter for sale from the vendor.
4.Provide Copy of company (work) ID card.
5.Copy of valid photo identification (Int’l passport and driver’s license).
6.Letter of introduction from employer (stating salary and confirmation status).
7.Copy of the title documents to the property.
8.Valuation report from any of the Bank’s approved Valuer.
9.Satisfactory search report.
10.Recent three months’ pay slips.
4. Stanbic Ibtc Smart Loan
The Stanbic Ibtc Smart Loan can be accessed via the Stanbic IBTC Mobile App with no paperwork required and you can get up to N10M, if you have mutual funds investment with Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings with Maximum Tenor of 48 months
Requirements to Apply for Stanbic Ibtc Smart Loan
To apply for Stanbic Ibtc Smart Loan, you must provide the following documents:
1.Three months pay slip from employer or other proof of regular source of income
2. Bank statements that support cashflow
3. Your salary must be paid into a current account with Stanbic IBTC Bank
4. Satisfactory credit bureau report
5.Stanbic Ibtc bank Vehicle and Asset Finance
The Stanbic Ibtc bank Vehicle and Asset Finance are designed for salaried and non-salaried customers to buy movable and immovable assets, such as motor vehicles and power generators.The loan has a Flexible Payment Terms – with up to 4 years tenor for repayment, you get a comprehensive dealer/partner network to help you find your car.
Offerings are:
.Vehicles both new and used but with a maximum loan limit of N15m and tenor of 48 months
.Inverter and Solar Solution Maximum loan limit of N5M and Tenor is 18 months.
.Generator maximum loan limit of N7m and tenor is 36 months.
No initial contribution. 100% financing.
Maximum TAT of 24hrs from submission of complete documentation.
Other important features are
. General Combo financing.
.Management fee
. Insurance cover for the entire duration of the loan.
.Asset Insurance cover. For any accident and damage to the assets financed
.Life insurance cover for job loss, permanent disability and death only,
How to Apply
To apply for Stanbic Ibtc bank Vehicle and Asset Finance kindly follow the steps below:
A completed application form
Proof of income/evidence of salary
A proforma invoice for your vehicle or asset of choice (preferably from a Stanbic IBTC partner dealer)
Or you may:
Visit the nearest Stanbic Ibtc bank branch
Call 01 422 2222
Email CustomerCareNigeria@stanbicibtc.com
6. Stanbic ibtc bank Salary Advance
The Stanbic ibtc bank Salary Advance is designed for salary earners who’s salary account is domiciled with the bank. You can get up to a minimum loan amount of N20 000 and you can choose to revolve your loan and re-use the re-paid amount.
To qualify for this type of loan you must earn at least N40 000 per month and 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.Also you must have been with your employer for at least six months.
How to apply
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 of 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.
A minimum loan amount of N20 000
You can choose to revolve your loan and re-use the re-paid amount
You can renew your revolving salary loan amount after
You can get stanbic ibtc salary advance by:
Visiting your nearest Stanbic IBTC Branch
Calling 01 422 2222
or emailing CustomerCareNigeria@stanbicibtc.com
