How to Apply for Stanbic IBTC EZ Loan

The Stanbic IBTC EZ Cash loan package is an unique lending package developed for Nigerian businesses. The traditional corporate organisations and their SME counterparts are separated by an ocean of space. The great bulk of this gap occurs because of the disparity in money accessible to each firm. To close the gap, several commercial banks are now offering SMEs fast access credit packages. Everything you need to know about their loan is in this post.

  • The following are the main features of the Stanbic IBTC EZ cash loan:
  • Instant loans of up to $5 million are available.
  • Simple payback schedule of 6 to 12 months
  • A monthly interest rate of 2.5 percent

To apply for the loan, follow the procedures below:

  1. To begin, phone *909*44# or log in to your Stanbic IBTC mobile application, business online, or internet banking and click Request EZ Cash. Fill out all the information. The amount you want to borrow and the estimated repayment time are two examples.
  2. The next step is to run a credit check to see whether you’re eligible. If they are successful, they will calculate an appropriate interest rate for you based on your current risk score and loan term.
  3. Examine the loan’s terms and, if everything appears to be in order, click Accept. It’s worth noting that the terms include your agreement to have your account debited for repayment if you miss a payment deadline. You’ll also have to submit information about your debit card.
  4. If you agree to the terms, your account will be charged right away.

How to Repay Stanbic IBTC EZ Loan

Repayment is simple and does not need any effort on your part. When the loan time is up, you’ll receive a notification with your outstanding payment, and your account will be debited. To repay, simply make sure you have the whole amount in your account on the due date. Read How To Become FirstMonie Agent (By Firstbank)

You can, however, choose to repay the loan before the due date. To do so, contact your relationship’s manager or call 07003333333.

Qualification for Stanbic IBTC EZ Loan

To be eligible for this loan, you must have a Stanbic IBTC account that is at least 12 months old. You must also be over the age of 18 but under the age of 59, and have no history of bad checks. Finally, your credit reports must be acceptable.

Loan Limit

You can borrow an unlimited amount of money. You can borrow as much as you need as long as the overall amount does not exceed your maximum allocated limit. Checkout How to Apply for Polaris Bank Payday Loan

Loan Determinants

The maximum loan amount you may get is mostly governed by your monthly average income. If you have previously gained a loan, however, important information such as how fast you returned it is also considered. This is also true if you have a loan that is presently pending.

Fees Charged on Stanbic IBTC EZ Loan

The following costs are associated with this loan:

  • A 0.35 percent insurance charge on the amount borrowed
  • A 0.05 percent value added tax (VAT) applies to the amount borrowed.
  • A 1% fee on the amount borrowed is charged as a management fee.

What if I Don’t withdraw?

If you do not remove the whole amount credited to your account as the loan disbursement, interest will only be charged on the amount you withdrew.


Stanbic IBTC EZ cash loan is a convenient and useful loan. It assures that you will never run out of money to keep your company viable or develop for expansion. The best thing is that you may get this loan from the comfort of your phone using your USSD Stanbic IBTC mobile app.

Source: Nyscinfo

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