Stanbic IBTC Bank – Loan details

Stanbic IBTC Bank offers personal loans up to ₦15 million for salary earners. Part of the Standard Bank Group, with a reputation for consistent service in corporate and retail banking.

Loan amount ₦50K – ₦15.0M
Interest from 2.00%
Term 12 – 48 months
Approval 24 – 48 hours

Pros

  • ✓ Competitive interest rates for tier-1 bank
  • ✓ Borrow up to ₦15 million
  • ✓ Repayment up to 4 years
  • ✓ Part of Standard Bank Group with strong oversight
  • ✓ Dedicated relationship managers available

Cons

  • ✗ Salary account with Stanbic IBTC required
  • ✗ Employer must be on approved list
  • ✗ Not available for self-employed applicants
  • ✗ Processing takes 24-48 hours

Requirements

  • Stanbic IBTC salary account
  • Employer on Stanbic IBTC approved employer list
  • 3 months recent payslips
  • Employment confirmation letter
  • Valid ID
  • BVN

Company information

Stanbic IBTC Bank PLC
Stanbic IBTC Towers, 1678 Olakunle Bakare Close, Victoria Island, Lagos State
https://www.stanbicibtcbank.com/nigeriabank

This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.com.ng is an independent comparison portal operated by double technology s.r.o., Czech Republic.