Stanbic IBTC Bank Nigeria is a subsidiary of Stanbic IBTC Holdings Limited (Stanbic IBTC) which is an international financial services group with its head office in Kenya.
The Bank commenced operations in Nigeria on 1st July, 2010 after the acquisition of Intercontinental Merchant Bankers Limited by Standard Bank Plc.
Stanbic IBTC Bank Nigeria is a licensed commercial bank with over 3,000 employees spread across six branches in Lagos, Abuja, Port Harcourt and Kano. The bank operates as a full service commercial bank offering products and services to individuals and businesses under the following categories: Corporate Banking; Commercial Banking; Treasury; Retail Banking; Treasury and Risk Management; Investment Banking; Asset Management & Advisory Services; Insurance Broking & Distribution; Securities Services; Corporate Trust Services.
Is it easy to get a loan on Stanbic IBTC Bank?
The Stanbic IBTC Bank is one of the leading banks in Nigeria. It offers a wide range of products and services, including loans.
Is it easy to get a loan on Stanbic IBTC Bank?
The answer is yes. You can apply for a loan through the bank’s website or at any branch near you.
To apply for a loan, you will need:
- Your National Identification Number (NIN) or passport number;- Your birth certificate;- Your driver’s license;- Your proof of residence;and other pertinent documents as specified by the bank.
Types of loan offered by Stanbic IBTC Bank
Stanbic IBTC Bank offers a wide range of financial services to individuals, corporations and SMEs.
Types of loans offered by Stanbic IBTC Bank include:
Business Loan: Business loans are used for capital investment or expansion of existing businesses. The loan amounts can vary from $25,000 to $500,000. The interest rate on business loans is dependent on the creditworthiness of both the borrower and the business.
Personal Loan: Personal loans are used to finance a variety of personal purposes such as buying a car or financing medical treatment. The amount you can borrow varies from $5,000 to $20,000 with an interest rate that varies depending on your creditworthiness and repayment period.
Student Loan: Student loans are used by students who have completed high school but not yet enrolled in university or college courses. Student loans are available for full-time undergraduate students only and cannot be used for postgraduate courses or PhD programs.
