Stanbic IBTC EZ Cash offers instant personal loans in Nigeria, designed for salary earners who need quick access to funds. The loan provides up to ₦10 million with a tenure of up to 24 months for repayment. The fixed monthly interest rate is 4%, and no collateral is required, making it accessible to many.

Applicants pay an account management fee of 1% of the loan amount, plus 7.5% VAT on that fee. Importantly, there is no penalty for early repayment, giving borrowers flexibility. To qualify, your Stanbic IBTC account must be salary domiciled and at least six months old.

How to Apply for Stanbic IBTC EZ Cash

• Ensure you meet the eligibility (salary account, active for 6+ months, age 18-59)
• Prepare to pass a credit check—no dud cheque records
• Apply online, in the Stanbic IBTC App, via Internet Banking, or by using the USSD code *909*44#
• Submit your application and wait for instant feedback and approval
• Access your funds directly to your account when approved

Key Advantages of Stanbic IBTC EZ Cash

Stanbic IBTC EZ Cash stands out for its instant approval process and the absence of any collateral requirements. Borrowers can access up to ₦10 million without paperwork hassles, which suits urgent financial needs.

Additionally, no penalties for early repayment and a straightforward application process mean you can manage your loan flexibly. The competitive interest rate for unsecured loans makes it a practical choice.

Downsides to Consider

One possible downside is the monthly interest rate of 4%, which, while transparent, can result in higher annual costs. Also, only those with a Stanbic IBTC salaried account can apply, limiting access.

Moreover, there’s an account management fee of 1% plus VAT, which adds to overall borrowing costs. Those with non-salaried or new accounts won’t qualify, so eligibility is restricted.

Final Verdict

Stanbic IBTC EZ Cash is a smart option for Nigerian salary earners in need of instant loans. With fast, no-collateral loans, flexible terms, and an easy process, it’s highly recommended for those seeking reliable personal lending solutions.