The Revolving Term Loan is a special and unique product developed to meet the needs of qualified customers who require long-term financing. The product avails the customer the ability to revolve the loan amount that was initially granted. Due to the revolving nature of the product, it does not have a definite repayment period.

 
Features:

• The loan facility that can be given to an individual ranges from N500,000 to N5,000,000;
• Loan amount is tied to acceptable monthly Installment To Income(ITI);
• Repayment of Principal and Interest are amortised monthly;
• Ability to revolve the facility.

Benefits:

• The Revolving Term Loan avails individuals the funds to cater for personal needs;
• The loan can be revolved after meeting the specified requirements;
• Quick turnaround time from the point application is submitted to when fund is disbursed into the current account.

Requirements:

• Earns a minimum net monthly income of N300, 000;
• Salary must be domiciled with Stanbic IBTC Bank PLC;
• Continuous employment for a period of 12 months;
• Letter of Introduction from employer;
• Verifiable Pay slips;
• Nigerian citizen with permanent residency;
• Six months account  statement (for new customers);
• Proof of address.