Stanbic IBTC’s EZ Cash loan stands out as a go-to option for salaried individuals looking for quick, sizeable cash without any collateral. With the ability to borrow between ₦50,000 and ₦10,000,000, and enjoy a flexible repayment term of up to 24 months, the loan meets various short-term or emergency financial needs. The interest rate is a straightforward 4% per month, along with a one-time 1% account management fee, plus VAT applicable on that fee. To qualify, applicants must be 18-59 years old, have a salaried account, an active Stanbic IBTC account for at least six months, and pass the required credit checks.

How to Apply: Step-by-Step Guide

1. Ensure you meet the eligibility requirements, including age and account history.
2. Log into the Stanbic IBTC mobile app, use Internet Banking, or dial the USSD code *909*44# on your phone.
3. Follow the instructions to fill out your loan application, providing income and account details as requested.
4. Submit your application and await instant approval if you meet the requirements.
5. If approved, the funds are credited instantly to your account, ready for use.

Pros: Why Choose EZ Cash?

One significant advantage of the EZ Cash loan is instant approval—once eligibility is confirmed, there’s no waiting period. Funds are credited immediately to your account, which is excellent for urgent needs. Another perk is the absence of collateral; you do not need to pledge any assets to access the loan, making the process quick and convenient.

Cons: What You Should Consider

The monthly interest rate of 4% can add up, especially on larger amounts, so it’s essential to calculate your total repayment before committing. Another potential downside is that only those with a Stanbic IBTC salaried account for six months or longer can apply. If you bank elsewhere or your account is newer, this offer won’t be accessible yet.

Nosso veredicto

Stanbic IBTC’s EZ Cash loan is a strong choice for those who already meet the bank’s criteria and need quick, flexible financing with minimal hassle. While the interest rate is higher than some alternatives, the speed and convenience will appeal to many users. It’s a suitable fit for individuals looking for fast, simple loans without collateral, provided you are comfortable with the monthly charges and meet the bank’s requirements.