Are you looking for how to get a loan from Stanbic IBTC Bank in Nigeria? If yes, you’re in the right place. This guide explains everything you need to know about Stanbic IBTC loans in a simple and easy-to-understand way.
Borrowing money is common; both in Nigeria and globally. Taking a loan does not mean you are financially irresponsible. People from all financial backgrounds borrow money, often to handle emergencies or meet important needs. In fact, many borrowers take loans to pay school fees, utility bills, rent, or finance a business.
Whatever your reason, it’s important to prioritize peace of mind and security when taking a loan. Using unregistered loan apps can be risky, especially when it comes to data privacy. This is why Stanbic IBTC Bank remains a trusted option, offering both instant digital loans and traditional bank loan products with strong data protection.
How to Get a Loan from Stanbic IBTC Bank
If you plan to take a loan from Stanbic IBTC, the first step is to understand the types of loans available so you can choose the one that best suits your needs. Your eligibility and the amount you can access depend on specific requirements such as income, account history, and loan type.
Stanbic IBTC Bank Nigeria offers the following loan options:
- Salary Advance
- Unsecured Loan
- Secured Term Loan
- Smart Loan
- Home Loan
- Mortgage for Pensioners
- EZ Cash Loan (Digital & quick approval)
Let’s take a closer look at each of these loan options below before seeing the faq’s section.
1. Salary Advance (Short-Term) Loan
The Salary Advance loan is available to salary earners and allows Stanbic Bank customers to borrow up to 50% of their monthly salary. The repayment period is 30 days, and once your salary is paid, the loan amount is automatically deducted from your account.
Stanbic’s short-term loan is open to salary earners even if their salary is not domiciled with Stanbic Bank, provided they have an active Stanbic account. However, the interest rate differs based on where your salary account is domiciled. Customers with a Stanbic salary account are charged 5% interest, while those whose salary accounts are with other banks are charged 7% interest. In addition, a 1% management fee and Value Added Tax (VAT) apply.
Upsides
- Digital loan
- Fast and easy processing
- No collateral required
- Requires a good credit history
- Maximum loan amount of up to ₦1,000,000
Downsides
- You must have an account with Stanbic Bank or another Nigerian bank (salary or regular account)
- Repayment period is limited to one month
How to Apply
To apply for the Stanbic Salary Advance loan, download the Stanbic Bank mobile app from the Play Store if you don’t already have it installed. Log in, locate the Loans option, and follow the on-screen instructions. If you are eligible, carefully complete the process and your account will be credited.
2. Unsecured Loan
Unlike salary advance products, which are available to both Stanbic IBTC customers and customers of other banks, the unsecured loan is strictly for Stanbic IBTC Bank customers. This loan option is available to individuals in paid employment whose salary accounts are domiciled with Stanbic IBTC Bank.
Although this is a medium- to long-term loan facility, the bank does not clearly state the repayment duration. Therefore, if you intend to take this unsecured loan, it is advisable to confirm the repayment tenor with customer care at the nearest Stanbic IBTC branch.
One major advantage of this loan is that once a borrower repays at least 15% of the loan amount, they become eligible to apply for another loan without starting a fresh application process.
Please note that salary earners with a net monthly income below ₦5l0,000 are not eligible for this loan product. In addition, applicants must be Nigerian citizens with permanent residency, aged between 21 and 60 years. You must also provide a permanent employment letter, or a verified contract letter if you are on a contract basis. Above all, you must have worked with your current organization for a minimum of six months.
Upsides
- No middleman required
- Eligibility for a fresh loan after repaying 15% of the initial loan
Downsides
- Available only to salary earners whose salary accounts are domiciled with Stanbic IBTC Bank
- Open only to Nigerian citizens with permanent residency
How to Apply
Visit the nearest Stanbic IBTC Bank branch and meet with a customer care representative. Request the unsecured loan application form, complete it correctly, and submit it along with the required documents stated on the form. Your application will be reviewed, and once approved, the loan will be disbursed.
3. Secured Term Loan
Another loan option offered by Stanbic IBTC is the secured term loan. This loan is designed for individuals who need funds to pay school fees, house rent, medical bills, or handle other unexpected expenses. One key benefit of this loan is the long repayment period, which can be up to seven years.
Many Stanbic IBTC customers choose this secured loan because of its flexibility. Repayments are spread over time and deducted monthly from the borrower’s salary in a convenient and manageable way.
Criteria to Qualify for the Secured Term Loan
- Minimum net monthly salary of ₦100,000
- Must have been in paid employment for at least six months
- Salary account must be domiciled with Stanbic IBTC Bank
- Must be between 21 and 60 years of age
- Must be a Nigerian citizen resident in the country
Upsides
- Competitive interest rate
- Long repayment period of up to seven years
Downsides
- Not available to foreigners
- Age restriction applies (below 21 years and above 60 years are not eligible)
- Strictly for salary earners
- Online application is not available
How to Apply
To apply for a secured term loan, visit any Stanbic IBTC Bank branch. Meet with a customer service representative, who will guide you through the application process and explain the required steps.
4. Smart Loan
Stanbic IBTC loans are not limited to monthly income earners. If you have a mutual money market account with Stanbic IBTC, you automatically qualify for the Smart Loan product. This loan allows you to borrow up to ₦20 million without terminating your money market investment, with a repayment period of up to four years.
However, the actual amount you can borrow depends on your initial investment. Typically, you can access up to 80% of the value of your money market fund.
Upsides
- Long repayment period
- No collateral required
- Loan amount of up to ₦20 million
Drawback
- Available only to Stanbic IBTC money market investors
How to Apply
You can apply for the Smart Loan through the Stanbic IBTC mobile app. Log in to your account, navigate to the loan section, select the Smart Loan option, and complete the application process to receive the funds.
If you are new to the app or need assistance, it is advisable to visit the nearest Stanbic IBTC branch for proper guidance.
5. Stanbic Home Loan
If your plan is to get a loan to own a personal home, the Stanbic IBTC Home Loan is designed for you. Stanbic IBTC Bank structured this loan to help customers secure residential properties in locations approved by the bank.
The loan can be used to purchase already completed residential buildings from any developer of your choice. You may also buy an off-plan property from a developer approved by Stanbic IBTC. In addition, joint home ownership with your wife is allowed.
Most importantly, eligible borrowers can access up to ₦30 million with a repayment tenor of up to 20 years, structured to suit their convenience.
Requirements for the Stanbic IBTC Home Loan
- A valid offer of sale from the property owner
- Copies of the property’s title documents
- Last 3 months’ payslips
- Last 6 months’ bank statements showing salary payments
- A valid means of identification (National ID, international passport, or driver’s license)
- A letter from your employer confirming your employment status and salary
- Your company ID card
- A valuation report from an approved property valuer
- A satisfactory property search report
Upsides
- Own a home through installment payments
- Long repayment period
Downsides
- Available only to salary earners with salary accounts domiciled with Stanbic IBTC
- Documentation and verification process can be complex
How to Apply
To apply for the home loan, visit any Stanbic IBTC Bank branch. Speak with a customer service representative who will guide you through the application process. Once you meet all the requirements and your application is approved, the loan amount will be disbursed into your bank account.
6. Mortgage for Pensioners
This mortgage is designed for pensioners who want to own a home through a structured loan plan. If you are 40 years or older, you may qualify for a Stanbic mortgage, provided you meet the required conditions. The bank allows access to up to 25% of the balance in your pension account to support the purchase.
Applicants are free to source a property in any preferred location. Stanbic Bank also offers available properties across all 36 states and the FCT. Once your loan is approved, you can take possession of the property and repay gradually over a period of up to 20 years. Joint applications with a spouse are allowed.
For those new to mortgages or unsure about the home-buying process, Stanbic provides professional guidance and expert support throughout the application and approval stages.
Before applying, ensure you have contributed to your Retirement Savings Account (RSA) for at least 60 months and meet the National Pension Commission (PENCOM) requirements.
You will also need proof of the property transaction, including an offer letter from the seller, title documents, evidence of equity contribution, and payment for property search, verification, and valuation fees.
Salaried applicants must provide an HR introduction letter, valid identification, recent payslips, bank statements (for new customers), spousal consent for joint applications, and an endorsed RSA statement for specialised mortgages.
Self-employed applicants or business owners are required to submit a company profile, audited financial statements, cashflow projections, company registration documents, relevant statutory forms, and recent business bank statements.
Upsides
- Own a home using your pension scheme with repayment of up to 20 years
- Access to expert mortgage support
- Flexible interest rates
Downsides
- Strict verification process
- Loan repayment must be completed before age 60
- Minimum of 60 months RSA contribution required
How to Apply
Visit any Stanbic Bank branch to begin your application. A bank representative will guide you through all the requirements and next steps.
7. Stanbic EZ Cash Loan
If you value convenience and want to apply for a loan without signing any physical documents, the Stanbic EZ Cash Loan is an ideal option. You can borrow money from the comfort of your home or anywhere else in just a few simple steps.
This loan is designed specifically for salary earners whose salary accounts are domiciled with Stanbic Bank. The account must have been active for at least six months. Stanbic determines your loan eligibility based on your average monthly salary, with eligible customers able to borrow up to ₦10 million.
The EZ Cash Loan attracts a 4% monthly interest rate, plus a 1% management fee and 7.5% VAT.
Upsides
- Instant loan disbursement
- No collateral required
- Up to 24 months repayment period
Downsides
- Available only to Stanbic Bank salary account holders
How to Apply
To apply for the EZ Cash Loan, dial *909*44# from the phone number linked to your Stanbic account. Select 8 (Easy Cash), then choose 2 (Request Easy Cash). Accept the terms, enter the loan amount, and confirm using your 4-digit Stanbic transaction PIN. Once approved, the funds will be credited to your account immediately.
ALSO read: How to Get a Loan from First Bank Nigeria (2025 Guide)
Frequently Asked Questions (FAQs) About Stanbic IBTC Loans
What types of loans does Stanbic IBTC Bank offer in Nigeria?
- Stanbic IBTC offers several loan options, including Salary Advance, Unsecured Loan, Secured Term Loan, Smart Loan, Home Loan, Mortgage for Pensioners, and EZ Cash Loan.
Who is eligible to apply for a loan from Stanbic IBTC Bank?
- Eligibility depends on the loan type. Generally, applicants must be Nigerian residents, meet age requirements, have a steady income or investment with Stanbic IBTC, and maintain an active account with the bank.
Can I get a Stanbic IBTC loan without collateral?
- Yes. Loans such as Salary Advance, Unsecured Loan, Smart Loan, and EZ Cash Loan do not require collateral, provided you meet the eligibility criteria.
What is the Stanbic IBTC Salary Advance loan?
- The Salary Advance is a short-term loan that allows salary earners to borrow up to 50% of their monthly salary, repayable within 30 days through automatic salary deduction.
Do I need my salary account to be with Stanbic IBTC to access a Salary Advance?
- No. You can apply even if your salary account is with another bank, but the interest rate will be higher compared to Stanbic salary account holders.
What is the difference between Salary Advance and Unsecured Loan?
- Salary Advance is a short-term loan repaid in 30 days, while the Unsecured Loan is a medium- to long-term facility available only to Stanbic IBTC salary account holders.
What is the minimum income required for the Unsecured Loan?
- Applicants must earn a minimum net monthly salary of ₦500,000 and must have worked with their current employer for at least six months.
Can I apply for another loan after repaying part of my Unsecured Loan?
- Yes. Once you repay at least 15% of your Unsecured Loan, you can apply for another loan without starting a new application.
What is the Secured Term Loan used for?
- The Secured Term Loan can be used for expenses such as school fees, rent, medical bills, and other personal needs, with repayment periods of up to seven years.
Is the Secured Term Loan available online?
- No. Applications for the Secured Term Loan must be completed at a Stanbic IBTC Bank branch.
What is the Stanbic IBTC Smart Loan?
- The Smart Loan is for customers with Stanbic IBTC money market investments. It allows you to borrow up to 80% of your investment value without terminating the investment.
How much can I borrow with the Smart Loan?
- Eligible customers can borrow up to ₦20 million, depending on the value of their money market investment.
What is the Stanbic IBTC Home Loan?
- The Home Loan helps salary earners purchase completed or off-plan residential properties approved by the bank, with repayment periods of up to 20 years.
Can I apply for a Stanbic IBTC Home Loan jointly with my spouse?
- Yes. Joint home ownership with a spouse is allowed under the Stanbic IBTC Home Loan.
Who qualifies for the Mortgage for Pensioners?
- This mortgage is available to pensioners or contributors aged 40 and above who have contributed to their Retirement Savings Account (RSA) for at least 60 months and meet PENCOM requirements.
Can pensioners use their pension to buy a house with Stanbic IBTC?
- Yes. Eligible applicants can access up to 25% of their pension balance to support home ownership.
What is the Stanbic EZ Cash Loan?
- The EZ Cash Loan is a fully digital loan for Stanbic IBTC salary account holders, offering quick access to funds without paperwork.
How much can I borrow with the EZ Cash Loan?
- Qualified customers can borrow up to ₦10 million, depending on their average monthly salary.
How do I apply for the Stanbic EZ Cash Loan?
- Dial *909*44# from your registered phone number, select Easy Cash, request the loan, accept the terms, enter the amount, and confirm with your transaction PIN.
Are Stanbic IBTC loans safe compared to loan apps?
- Yes. Stanbic IBTC loans are regulated, secure, and protect customer data, unlike many unregistered loan apps.
Conclusion
This article has extensively covered Stanbic IBTC Bank loans, including the different loan types, their requirements, pros and cons, and how to apply for each option. Before taking any loan, assess your needs carefully and borrow responsibly to ensure long-term financial stability.
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