Stanbic IBTC’s EZ Cash Loan is designed to make personal finance easier for eligible Nigerians. With loan amounts from ₦50,000 up to ₦10 million, you can access funds quickly to meet urgent needs. The process is fully digital, allowing you to apply from home without paperwork.

One highlight of the EZ Cash Loan is its competitive interest rate, currently set at 4% per month. Borrowers can repay over a period stretching up to 24 months. There is no need for collateral, making it more accessible for salary earners who may not have assets to pledge. To be eligible, your Stanbic IBTC salary account must be active for at least six months, and you must be aged between 18 and 59 years, among other requirements.

How to Apply: EZ Step-by-Step

• Ensure your salary account is at least 6 months old and in good standing
• Check your eligibility as a salaried customer
• Dial a USSD code, use the mobile app, or the bank’s internet banking platform to start
• Complete the online form and enter your required details
• Receive instant decision and get funds if approved

Pros of Stanbic IBTC EZ Cash Loan

Instant loan approval makes this offer appealing for emergencies as funds can be accessed within minutes if you qualify. Flexible loan tenors up to 24 months help you find a comfortable repayment plan.

No collateral requirements mean you do not have to tie up assets to access up to ₦10 million, which is a rare advantage in Nigeria’s loan market.

Cons of Stanbic IBTC EZ Cash Loan

The interest rate at 4% per month can add up for longer loan tenors and may be pricier than some alternatives if you keep the balance for a year or more.

Strictly available to existing Stanbic IBTC salaried account holders, so it is not accessible for those without an established relationship with the bank.

Our Verdict: Should You Apply?

Stanbic IBTC EZ Cash Loan stands out for its convenience and speed. If you already have a Stanbic IBTC salary account and need urgent cash, it’s a solid option.

Consider your repayment capability and the interest costs. For many, the instant access and no-collateral advantage outweigh the drawbacks, especially for short-term financing needs.