Stanbic IBTC EZ cash loan (All you need to know)

Read all about Stanbic IBTC Ez cash loan.

Are you in desperate need of money? This service was created with you in mind. EZ Cash provides funds ranging from 20,000 Naira to 4,000,000 Naira at a monthly interest rate of 2.5 percent to be repaid within 12 months.

The EZCash loan provides a quick solution to any pressing and urgent cash need.

This article will answer your questions about concerning how to borrow from Stanbic IBTC using the EZ Cash, its features, how to qualify, why this should be your first go to reference before asking for help from friends, and other topics.

To deal with urgent situation that needed cash ranging from minor or major circumstances such as when your phone screen breaks, your appliance requires immediate repair, you are short of cash, your car breaks down, and so on, to the more extreme, such as paying for hospital bills, you need an ever-ready friend who is always willing to help at a reasonable rate.

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Things to note before applying for Stanbic IBTC EZ cash loan

• You can get up to N4 million naira loan in minutes at a ridiculously low rate of just 2.5%.
• You can borrow as much as you want so far you stay under your borrowing limits and also pays back in time.
• You can choose any preferred repayment date
• A 0.35 percent insurance fee on the amount borrowed
• A 0.05 percent value added tax (VAT) is levied on the amount borrowed.
• A 1% management fee is charged on the amount borrowed.

How to qualify for the Stanbic IBTC EZ cash loan?

This is a really great question! For Stanbic IBTC EZCash to grant you access to loan, you must meet certain requirements. The following are the criteria:

• You have to be a Standard Stanbic IBTC customer holding a valid account
• Your Stanbic IBTC account must be a year and older to be qualified for the loan program
• You have to be 18yrs or older
• You have to be below 59yrs old
• You must have a history of dud cheques that is clean (bounced cheques).
• Your credit reports (CRMS and CRC) must be clean.

How to apply for the Stanbic IBTC EZ cash loan?

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If you follow the steps below after confirming that you’re qualified, the you should be able to secure a loan within a few days.

• To begin, dial *909*44# or log in to your personal Stanbic IBTC mobile app, or visit the Stanbic EZ cash website, if you are deemed eligible, then you will see the Request EZ Cash button. Click on it!

• You can now proceed to provide all of the requested information which will include information about the amount of money you intended to borrow and the preferred time you will like to repay it.

• Now, an appropriate interest rate will be calculated and presented to you based on the amount of loan you want along with the preferred repayment date.

• Examine the loan’s terms and conditions, and then 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 will also be asked to provide your debit card information.

• Your account would be credited immediately upon acceptance of the terms.

How to repay your Stanbic IBTC EZ cash loan?

Repayment is simple and does not require any active effort on your part. When the loan term expires, you will receive a message with your outstanding payment, and your account will be debited. To repay, simply ensure that you have the full amount in your account on the due date.

However, if you would like to repay your loan before the due date, you can contact your account relationship manager or dial 07003333333, their customer service line.

How many times can I attempt to request for a loan?

There is no limit placement to the amount you can borrow. You can borrow as much as you need as long as the total amount does not exceed your maximum assigned limit.

What are the factors that determine loan limit?

The maximum loan sum you can get is primarily determined by your monthly average salary. If you have already secured a loan, however, important details such as how easily you repaid it is also taken into account. This is also applicable if you have a loan that is currently pending.

Who can Stanbic IBTC EZ cash borrow a loan?

People that can borrow a loan are mostly salary earners, entrepreneur bank accounts too, reason being they know if these type of people refuse to pay up at due date, they can deduct their loan amount when salaries are being distributed.

FAQs

What if I only spend part of the loan I borrowed?

If you withdraw money in an amount less than the amount borrowed, interest charges will only be applied to the amount withdrawn.

When are they going to take their loan interest?

The interest on the borrowed amount is deducted at the end of the month.

What are the charges or fees?

• A 0.35 percent insurance fee on the amount borrowed
• A 0.05 percent value added tax (VAT) is levied on the amount borrowed.
• A 1% management fee is charged on the amount borrowed.

What is the longest repayment time?

The longest repayment time ranges between 1-12 months.

Can I pay back my loan before due date?

Yes, and you’ll only be liable to pay interest until the loan is paid off. Contact your personal account manager or customer service at 0700 909 909 909 to do so. You can also contact CustomerCareNigeria@stanbicibtc.com via email.

Summary

Stanbic ibtc ez cash loan is a simple and convenient loan to obtain. It guarantees that you will never run out of funds to keep your business afloat or expand for growth. The best part is that you can get this loan quickly and easily using your USSD, Stanbic IBTC mobile app or the website and at your own convenience using only your phone.