How to Borrow Money From Stanbic IBTC Bank Loan

How to Borrow Money From Stanbic IBTC Bank Loan

Welcome to our guide on how to borrow money from Stanbic IBTC Bank Loan! In this article, we will walk you through the process of obtaining a loan from one of Nigeria’s leading financial institutions, Stanbic IBTC Bank. Whether you are looking to fund a personal project, invest in your business, or cover unexpected expenses, understanding the steps and requirements for securing a loan with Stanbic IBTC Bank will empower you to make informed financial decisions.

General Requirements To Borrow Money From Stanbic IBTC Bank Loan

  • Completed loan application form.
  • Valid means of identification (e.g., International Passport, National ID, Driver’s License, or Voter’s Card)
  • Bank Verification Number (BVN)
  • Bank account details.
  • You must have an active account with the bank at least 12 months old.
  • You should not be under 18 years at the loan application date and maximum of 59 years.
  • You must not have any history of dud cheques.
  • You must have satisfactory credit reports.

Types Of Stanbic IBTC Bank Loan


If you’ve ever wished for an easier way to access extra funds to pursue your dreams or handle unexpected expenses, EZCash from Stanbic IBTC Bank is here to make it happen. EZCash is like a helpful friend, offering you a loan of up to N7.5 million, with the flexibility to repay over a comfortable period of up to 48 months. Whether you want to kickstart a personal project, invest in your education, or manage emergency bills, EZCash has got your back.

One of the most fantastic aspects of EZCash is how quick and hassle-free it is to get the loan. Unlike traditional loans that may take days or even weeks to get approved. With EZCash, you’ll know if you’re approved within minutes. Plus, you won’t need any collateral or extensive paperwork to access the loan – just your Stanbic account and a few taps on your phone.

Interest Rate

The EZCash interest rate is set at 3.0% per month. This means that if you borrow money through EZCash from Stanbic IBTC Bank, you will be charged an interest of 3.0% on the outstanding loan amount each month.

How To Borrow Money From EZCash

Dial *909*44# on your phone and follow the instructions to request EZCash instantly. No paperwork or collateral needed – just your phone and a few minutes to get your loan approved.

Alternatively, download the EZCash app from your app store, register, log in, and follow the prompts to apply for a loan. Enjoy the convenience of managing your loan and other financial services at your fingertips.

Specialized Mortgage for Pension Contributors

For retirement savings account holders looking to fulfill their dreams of owning a home, our Specialized Mortgage for Pension Contributors offers an excellent opportunity. With this unique mortgage solution, you can access up to 25% of your pension balance as equity contribution for a residential mortgage, bringing you closer to your dream home.

One of the key benefits is that you can take immediate possession of your new home while repayment commences, ensuring a hassle-free experience. Location is never a concern, they offer optional property listings across all 36 states of Nigeria and FCT, subject to the availability of perfected titles. This ensures you have a wide range of properties, make finding a home that suits your preferences and needs easier.

What is Specialized Mortgage for Pension Contributors loan interest rate?

The Specialized Mortgage for Pension Contributors loan comes with a competitive interest rate of 19% per annum (p.a.). This interest rate will be applied to the outstanding loan amount throughout the loan tenure. In addition to the interest rate, there is a one-off management fee of 1%. This fee is a one-time charge and is typically calculated based on the loan amount.

How To Apply For The Specialized Mortgage for Pension Contributors

  • Begin by completing the home loan application form, which serves as your formal request for the mortgage.
  • Obtain a valid offer for sale letter from the seller of the property you wish to purchase. This letter confirms the terms and conditions of the property sale.
  • Gather and provide a copy of the title documents to the property, which includes important information about the property’s ownership and legal status.
  • Show evidence of the requisite equity contribution, as this amount will be used as your initial investment in the property purchase.
  • Be prepared to cover the fees for property search, verification, charting, and valuation checks. These essential assessments ensure the property’s value and suitability for the mortgage.

Additional Requirements for Salaried Applicants:

  • Request a letter of introduction from your employer’s HR department. This document confirms your employment and position within the organization.
  • Provide recent three (3) months’ pay slips as proof of your regular income.
  • Submit a copy of a valid means of identification, such as an international passport, driver’s license, or National ID, to verify your identity.
  • If you are a new customer, ensure you have the recent six (6) months’ salary account statements available for evaluation.
  • For joint applications, include a spousal consent letter, demonstrating agreement from your spouse or partner to proceed with the mortgage application.
  • If you are applying for a pension-backed mortgage, remember to include an endorsed RSA statement, which highlights your pension savings and eligibility for this type of loan.

Additional Requirements for Self-Employed Applicants – Entrepreneurs:

  • Prepare a comprehensive company profile, showcasing your business’s background, offerings, and achievements.
  • Provide the recent two (2) years of audited financial reports, offering a transparent view of your business’s financial performance.
  • Present cashflow projections, detailing the expected cash inflows and outflows for your business.
  • Include form CO2 or CO7, which provides essential particulars about the directors of your company.
  • Submit a valid certificate of registration or incorporation, confirming your business’s legal status.
  • If you are a new customer, ensure you have the company’s recent twelve 12-month account statements available for assessment.

Salary Advance

Stanbic IBTC salary advance is a financial solution designed to help individuals access extra funds quickly and conveniently. To qualify for this facility, you must meet certain criteria. First, your salary must be paid into an account with Stanbic IBTC Bank.

Secondly, you need to have a minimum monthly income of N40,000, ensuring you can comfortably repay the advance. The minimum loan amount available for the salary advance is N20,000, providing flexibility to borrow according to your immediate needs. Additionally, you should have a stable employment history and be with your current employer for at least six months, demonstrating a reliable income source.

Applicants must be at least 21 years old, but not older than 60 years at the end of the loan facility, promoting responsible lending practices. For contract workers, you must be contracted to an approved company with valid contract terms to benefit from this financial facility.

How To Borrow Salary Advance Loan

  • Visit your nearest Stanbic IBTC Branch: Drop by any Stanbic IBTC branch closest to you and speak to a customer service representative. They will guide you through the application process and help you with any queries you may have.
  • Call 01 422 2222: You can also apply for the Salary Advance Loan by calling Stanbic IBTC’s customer service at 01 422 2222. The friendly team will assist you with the loan application and provide any necessary information.
  • Email: If you prefer a digital approach, send an email to to express your interest in the Salary Advance Loan. A dedicated customer care representative will respond to your email and guide you through the application process.

Frequently Asked Questions

Can I access Stanbic IBTC Salary Advance if I am self-employed?

Yes, self-employed individuals can apply for Stanbic IBTC salary advance. You must provide a company profile, audited financial reports, cash flow projections, and other relevant documents.

What is the code for Stanbic IBTC quick loan?

The code for accessing the Stanbic IBTC quick loan is *909*44#. By dialing this code on your phone, you can initiate the quick loan application process and receive prompt feedback on your eligibility and loan approval. It offers a convenient and efficient way to access funds when needed.

Does Stanbic IBTC Bank offer internet banking services?

Yes, Stanbic IBTC Bank provides internet banking services, allowing you to perform various banking transactions online, including fund transfers, bill payments, and checking account statements.

How long is the repayment For Stanbic IBTC loans?

The repayment period varies based on the type of loan. For specialized mortgage for pension contributors, the duration is 20 years, and for salary advance is 15 months

What is EZCash?

EZCash is a borrowing service offered by Stanbic IBTC Bank. To borrow money through EZCash, dial *909*44# on your phone or download the EZCash app, follow the prompts, and provide the required details.


Borrowing money from Stanbic IBTC Bank is a straightforward and accessible process, offering various financial solutions to meet your needs. Whether you choose EZCash, Specialised Mortgage for Pension Contributors, or Salary Advance, the bank provides competitive interest rates and flexible repayment options.

To apply, visit a branch, call their customer service, or email for assistance. With a wide range of financial services and expert support, Stanbic IBTC Bank ensures a seamless borrowing experience. Don’t hesitate to explore their offerings and take control of your financial journey today!