Stanbic IBTC Get Quick Loan enables you to borrow against your Emergency and other short-term borrowing needs so you can do what you want, when you want. The loan includes an Unsecured Personal School Fees Loan, a Home Loan, Vehicle and Asset Finance, a Smart Loan, Secured Term Loans, Unsecured Loans, and a Salary Advance.
We will discuss the various types of Stanbic IBTC quick loans so that you can choose the loan that best meets your needs, requirements, and application process.
1.IBTC Unsecured Loans from Stanbic
This is a medium- to long-term loan that gives you access to funds to meet your personal needs, such as household equipment, education expenses, car maintenance, and housing costs, among others.
Application requirements for Stanbic IBTC Unsecured Loans
To qualify for an unsecured personal loan, you must have at least six months of employment with your current employer.
2.You Must be at least 21 years old (but not older than 60 years on expiration of the facility).
3. You should have a net monthly income of at least N20,000.
4.A satisfactory credit bureau report is required.
5.Your pay must be deposited into a Stanbic IBTC account.
6.You must be a citizen of Nigeria with permanent residency.
7.You must be permanently employed or a contract worker with valid contract terms at an approved company.
2. Unsecured Personal School Fees Loan from Stanbic IBTC
This type of credit facility is intended to meet the needs of parents and guardians seeking to pay school fees for their children or wards in any level of the Nigerian education system.
The loan has no collateral requirements.You can increase loan tenor (that is, 12 months tenor to be rolled over annually for five years).The credit is available for both domestic and international students.You can borrow the exact amount invoiced by the school.
What documents are required
To apply for a Stanbic IBTC Unsecured Personal School Fees Loan, you are required to submit the following materials:
1.An employer’s letter of introduction and salary domicile
2.Payslips from the past three months.
3.Six-month earnings account statement (new customers).
4.A valid ID or employee ID.
5.Invoice from the school detailing tuition, housing, and living expenses
To apply for a stanbic ibtc quick loan, please visit the nearest branch.
3. Stanbic Ibtc bank Mortgage
This type of Stanbic Ibtc Home loan is available to business owners and salaried individuals, with monthly, quarterly, semiannual, and annual repayment options, and enables the purchase of a completed residential unit. The minimum loan amount is NGN N 3,000,000 with a maximum repayment period of 20 years, and your Net Monthly Income must be NGN 200,000.
Purchases should be made with a pre-construction unit from any of the bank’s approved developers and in a variety of locations.
Criteria for applying for a Stanbic Ibtc bank Home loan
Before you can apply for a Stanbic Ibtc bank Home loan, you are required to submit the following documents:
1.Six-month-old bank statements demonstrating salary payment.
2.Completed Application for a Home Loan
3.You must provide an Offer letter for sale from the vendor.
4.Provide a copy of your work identification card.
5.A photocopy of a valid photo ID (International passport and driver’s license).
6.An introduction letter from the employer (stating salary and confirmation status).
7.A copy of the property’s title documents
8.An appraisal report from a valuer approved by the bank.
9.An adequate search report.
The most recent three months’ pay stubs
4. Stanbic Ibc Intelligent Loan
The Stanbic Ibtc Smart Loan can be accessed via the Stanbic IBTC Mobile App without the need for paperwork, and you can receive up to N10M if you have mutual funds investments with Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, with a maximum term of 48 months.
Prerequisites for the Stanbic Ibtc Smart Loan
To apply for a Stanbic Ibtc Smart Loan, you are required to submit the following materials:
1.Three months of pay stubs or other evidence of a regular source of income
2. Supportive bank statements for cash flow
3. Your salary must be deposited into a Stanbic IBTC Bank current account.
4. Positive credit bureau report
Vehicle and Asset Finance at Stanbic Ibtc bank
The Stanbic Ibtc bank Vehicle and Asset Finance is designed for salaried and non-salaried customers to purchase movable and immovable assets, such as motor vehicles and power generators. The loan has Flexible Payment Terms – with up to 4 years tenor for repayment, and a comprehensive dealer/partner network to help you find a car.
New and used vehicles with a maximum loan limit of N15 million and a term of 48 months.
.Inverter and Solar Solution Maximum loan limit of N5M with an 18-month term.
Maximum loan limit for generators is N7 million, with a term of 36 months.
No initial contribution. One hundred percent funding.
Maximum turnaround time of 24 hours from receipt of complete documentation.
Other significant features include:
. General Combination funding.
. Insurance coverage for the entirety of the loan’s term.
Asset Insurance protection. For any accident and damage to financed property
.Life insurance coverage limited to job loss, permanent disability, and death
How to Utilize
Please follow the steps below to apply for Vehicle and Asset Finance with Stanbic Ibtc bank:
A filled-out application form
Documentation of income or salary
A proforma invoice for the vehicle or property of your choosing (preferably from a Stanbic IBTC partner dealer)
Or you may:
Visit the Stanbic Ibtc bank branch closest to you.
Call 01 422 2222
6. Stanbic ibc Bank Advance Paycheck
The Stanbic ibtc bank Salary Advance is designed for salaried individuals with a salary account at the bank. You can borrow up to a minimum of N20,000, and you have the option of revolving your loan and reusing the repaid amount.
To qualify for this type of loan, you must have a minimum monthly income of N40,000 and be at least 21 years old (but not older than 60 years when the facility would end). In the case of a contract worker, you must be contracted to an approved company and have valid contract terms. Additionally, you must have worked for your employer for a minimum of six months.
How to utilize
The account into which your salary must be deposited must be with us.
You must earn at least N40,000 per month and have a valid passport.
Minimum loan amount of twenty thousand naira.
You must have at least six months of employment with your current employer.
You must be at least 21 years old (but not older than 60 years when the facility would end).
As a contract worker, you must have a valid contract with an approved company and be under contract with that company.
The lowest loan amount is N20,000.
You may choose to re-use the repaid amount by revolving your loan.
After six months, you can renew your revolving salary loan.
How to obtain a stanbic ibtc salary advance:
Visit the local Stanbic IBTC branch.
Dial 01 422 2222.
or emailing CustomerCareNigeria@stanbicibtc.com