Stanbic IBTC EZ Cash is a personal loan specifically designed for Nigerians who need fast access to funds without the stress of collateral. With a simple online application or USSD code, applicants can secure up to ₦10 million at a monthly interest rate of 4%. Repayment periods are flexible, running from 1 to 24 months, providing the freedom to choose what best fits your financial needs. Approval is almost instant for eligible Stanbic IBTC salaried account holders who have operated their accounts for at least six months.

How To Apply for Stanbic IBTC EZ Cash

• Maintain an active salaried Stanbic IBTC account for at least six months
• Be between 18 and 59 years old
• No record of dud cheques
• Pass all credit and loan checks
• Apply via Internet Banking, Mobile app, or dial *909*44#

Pros of Stanbic IBTC EZ Cash Loan

One of the standout pros is the speed of approval—decisions come in minutes, allowing quick access to much-needed funds. There is no requirement for collateral, which significantly reduces barriers for applicants who might not have assets to pledge.

Borrowers can choose flexible repayment periods, and there are no penalties for paying off the loan early, which encourages timely repayment and reduces overall costs.

Cons of Stanbic IBTC EZ Cash Loan

The 4% monthly interest rate can add up for longer-tenure loans, making it relatively expensive compared to some alternatives. Only salaried customers with six months of account activity are eligible, excluding freelancers and small business owners.

Also, there is an account management fee of 1% of the loan, plus 7.5% VAT on that fee, which increases the total cost of the loan.

Verdict: Is Stanbic IBTC EZ Cash Right for You?

If you need a quick personal loan and already have a salaried Stanbic IBTC account, EZ Cash is a strong, convenient option. The fast application and approval process make it ideal for emergencies or urgent needs.

However, weigh the costs before applying—the interest and fees do add up, so it’s best for short-term or moderate borrowing. Consider your repayment ability carefully.