Feb 17, 2020
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Stanbic IBTC Bank Personal Loans – Loans for everyday living

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Stanbic IBTC Bank offers two types of loans, the fixed term and the revolving term. Next, let’s take a closer look at what the characteristics of each of them.

A Fixed Term

This is the ideal type of loan for anyone who wants short-term financing. Interest rates and monthly payments are fixed, without unpleasant surprises. You will know exactly on what date the repayments will end.

The Rotary Term

In the rotary term loan, monthly payments are fixed, but there is no specific payment period. You will have payment options every month and you can choose one of them.



The rates are highly competitive and interesting. However, in order to have access to them it is necessary that the profile of the loan applicant be evaluated first.


The application

The application must be made through the bank’s 180 branches in Nigeria. If you would like more information before visiting the branch office, you can contact them by phone or by email.


What documents and requirements are needed? 

To carry out for fixed-term loans, the following documents and requirements are:

  • You must be with your current employer for six months or more
  • Your salary must be domiciled with them
  • You must be permanently employed or be a hired worker in an approved company with valid contract terms
  • You have to be a Nigerian citizen with permanent residence
  • You must earn a minimum net monthly income of N20 000.• Must be 21 years or older (but not more than 60 years at the time of installation)
  • You must have a satisfactory credit bureau report


For the revolving term loan, the documents to be presented and the requirements are as follows:

  • A salary account with them
  • A letter from your employer confirming that you have been with them for at least 12 consecutive months
  • For hired employees, you need to provide us with a copy of your most recent contract.• Copies of your pay stubs in the last three months
  • You have to be a Nigerian citizen with permanent residence
  • If you have an account with us that has been open in the last six months, you must give us six months of details of your other bank account
  • Proof of residential address such as electricity bills, water or garbage (the original must be shown to the manager of your account) or we can send someone to visit your address
  • Completed in the account opening form.


Advantages – Stanbic IBTC Bank Personal Loans

The two types of loans have characteristics that are specific to each one, but both are highly secure and are part of a range of financial products offered by a highly recognized and secure bank.


Stanbic IBTC Bank – Some details about the bank

Stanbic IBTC Bank is a member of the Standard Bank Group that offers its clients some types of personal and commercial banking products such as savings, personal loans, credit cards, home loans, internet banking and others.

It has more than 180 branches scattered throughout Nigeria, sophisticated technology and banking services that are convenient to customers. In addition do this, they stand out for valorizing the financial inclusion and for taking care of the needs of different people and companies in a individual way. 


Useful Information

Website: http://www.stanbicibtc.com/Nigeria/Individual/Borrowing/Personal-Loans

Telephone: Local Calls 01 422 2222  | International Call +234 01 422 2222



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