Salary Advance
Salary Advance (SALAD) is a loan advance available to salaried customer for a maximum period of 30 days or till next salary pay date.
Some of the benefits
Flexible
No penalty fees when you pay off your loan early.
Loan Top-Up
Top up on existing loan, subject to the maximum eligible amount.
Easy
Easy and instant access to fund before payday.
Short-Term Tenor
Maximum tenor of 30 days or Next Pay Date (Whichever comes earlier)
Cost to the customer
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What you get
- Up to 50% of salary amount, subject to a maximum loan of ₦1,000,000
How to get it
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You can get a salary advance by applying on the Stanbic IBTC Mobile Application |
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Cost to the customer
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What you get
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How to get it
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- Up to 50% of salary amount, subject to a maximum loan of ₦1,000,000
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You can get a salary advance by applying on the Stanbic IBTC Mobile Application |
Frequently Asked Questions (FAQs)
Can I apply for Salary Advance if I have an active account with Stanbic IBTC Bank but not a salary account?
Salary advance is only available to customers who have their salary account domiciled with Stanbic IBTC Bank or other banks in Nigeria.
What is the minimum loan amount?
The minimum loan amount for Salary Advance is ₦25,000 and the minimum top-up amount is ₦5,000.
What is the maximum loan amount?
You can access up to 50% of salary amount, subject to a maximum loan of ₦1,000,000.
What is the repayment tenor?
30 days or next pay date (Whichever comes earlier)
*Terms and conditions apply
Can I extend my loan tenor?
Yes, your loan repayment date can be extended for another 30 days. However, this can only be done just once.
*Terms and conditions apply