Stanbic IBTC’s EZ Cash loan is designed for Nigerians who need quick access to funds. With a fast approval process and no collateral, this loan product is a popular choice. You can borrow any amount from ₦50,000 to ₦10,000,000 and choose a repayment plan of up to 24 months. The flat monthly interest rate is 4%, and there’s no penalty for early repayment. This means not only is it flexible but also cost-effective if you pay off your loan before the term ends. Additional fees include a 1% account management fee and 7.5% VAT on that fee.

How to Apply for Stanbic IBTC EZ Cash

1. Ensure you have been operating a salaried Stanbic IBTC account for at least 6 months.
2. Check that you are aged between 18 and 59 years and that your account is active.
3. Confirm you haven’t issued any dud cheques and that you pass their credit checks.
4. Start your application via the Stanbic IBTC app, internet banking, or USSD (*909*44#).
5. Wait for approval, which usually takes just a few minutes, and get instant access to funds.

Pros of Stanbic IBTC EZ Cash

One of the strongest advantages is instant approval and disbursement. You can complete the process without physical paperwork or collateral. It’s ideal for salary earners who need funds urgently.

Flexible repayment up to 24 months and no penalties for early payment make this product even more attractive. You also get a relatively high potential loan amount, which can meet larger financial needs.

Cons of Stanbic IBTC EZ Cash

The flat interest rate of 4% per month can be expensive compared to some alternative loan products. Transparent fee structure, but cumulative costs may be high for longer terms.

Eligibility is restricted to Stanbic IBTC salaried account holders who have had their accounts for at least 6 months, meaning not everyone can apply.

Our Verdict

Stanbic IBTC EZ Cash is perfect for existing Stanbic IBTC customers seeking hassle-free, quick funding. Approval is nearly instantaneous if you meet requirements, including age and account tenure. Consider the cost of a 4% monthly rate—if you’re comfortable with the interest, this is one of the fastest and most convenient loan offers for salary earners in Nigeria. For those who don’t bank with Stanbic or who want lower interest, other options may suit better, but for speed and convenience, EZ Cash delivers as promised.