How to apply for Stanbic IBTC EZ Cash Loan

The organization has created a unique loan program called Stanbic IBTC EZ Cash specifically for Nigerian companies. The corporate organizations as you are familiar with them and their SME counterpart are separated by a vast expanse of space. The vast majority of this space is caused by the various amounts of money that each company has to deal with. Many commercial banks now provide SMEs with simple access loan packages to close this gap. Everything you need to know about their loan is in this page.

What are the perks of Stanbic ibtc ez cash loan?

The key points of the Stanbic ibtc ez cash loan are:

1.Access to up to 5 million instant loan

2.Easy repayment plan spread across 6 to 12 months

3.An interest rate of 2.5% per month

How can I apply for the Stanbic ibtc ez cash loan?

Follow the steps below to apply for the loan:

First, pick Request EZ Cash and input all the necessary information. You can also dial *909*44# or log in to your personal Stanbic IBTC mobile application, enterprise online, or internet banking. The sum you plan to borrow and the anticipated repayment duration are a couple of these.
The next step is a credit evaluation to determine your eligibility. If they are successful, they will present you with an applicable interest rate based on the length of the loan and your current risk score.
Review the loan’s details, and if everything looks good, click accept. Note that if you don’t comply with the terms by a certain date, you agree to having your account debited for repayment. You will also need to give your debit card information.
On acceptance of the terms, your account would be credited immediately

How do I repay the Stanbic ibtc ez cash loan?

Repayment is quite simple and doesn’t require you to actively do anything. You would receive a notification containing your unpaid balance once the loan term had ended, and your account would then be deducted. Simply make sure that the entire amount is in your account on the payment day to make a repayment.

You may, however, decide to make a payment in advance. Contact your relationship manager or dial 07003333333 to do this.

How do I qualify for the Stanbic ibtc ez cash loan?

You must have an active Stanbic IBTC account that is at least 12 months old in order to be eligible for this loan. Additionally, you must be older than 18 but younger than 59, and you cannot have a history of writing bad checks. Your credit reports must ultimately be acceptable.

What are the factors that determine my loan limit?

Your average monthly income essentially determines the maximum loan amount you are eligible for. But if you’ve already gotten a loan, important details like how quickly you paid it back are also taken into account. This also holds true if you have an unpaid loan right now.

Are there any fees charged on Stanbic ibtc ez cash?

Obtaining this loan comes with the following fees:

An insurance fee of 0.35% on the amount borrowed
Value added tax (VAT) of 0.05% on the amount borrowed
Management fee of 1% on the amount borrowed

What happens if I don’t withdraw the money borrowed?

Interest charges will only be applied to the amount you withdrew if, for any reason, you do not remove the entire amount that was credited to your account as the loan disbursement.

Conclusion

The Stanbic IBTC EZ Cash Loan is a helpful and convenient loan. It guarantees that you will never run out of money needed to establish or maintain your company. The best thing is that you may simply get this loan from the convenience of your phone using the USSD Stanbic IBTC mobile app.