Secured Term Loans
A term loan can help you cover the unexpected expenses of life. Whether it’s school fees, medical bills or rent, take advantage of our competitive interest rates, fixed monthly repayments and a loan tenor of up to 7 years.
Some of the benefits
Affordable
Take advantage of competitive interest rates
Access to funds
Borrow up to 100% of your income
Reliable
Fixed monthly repayments that you can budget for
Flexible loan tenor
Up to 7 years to repay your loan
What you get
- A personal loan that offers the same interest rate and repayments throughout the loan tenor
- Monthly electronic statements
- If approved for the loan, funds will be paid directly into your salary account
How to get it
- You must be 21 or older and not older than 60 by the end of the repayment tenor
- Earn a minimum net monthly income of N100 000
- Your salary must be paid into a Stanbic IBTC Bank account
- You must be a Nigerian citizen with permanent residency
- Employed by the same employer for the last 6 months
- Pass all relevant credit checks and loan approvals
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What you get
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How to get it
- A personal loan that offers the same interest rate and repayments throughout the loan tenor
- Monthly electronic statements
- If approved for the loan, funds will be paid directly into your salary account
- You must be 21 or older and not older than 60 by the end of the repayment tenor
- Earn a minimum net monthly income of N100 000
- Your salary must be paid into a Stanbic IBTC Bank account
- You must be a Nigerian citizen with permanent residency
- Employed by the same employer for the last 6 months
- Pass all relevant credit checks and loan approvals
Frequently Asked Questions
Everything you need to know about the Secured Term Loan
We also offer
Smart Loan
Manage your cashflow and pay for the unexpected with a Smart Loan. If you have a Money Market Fund account with us, you can apply for loan of up to N20 million in the Banking App
Unsecured Loan
Our unsecured personal loan is a medium- to long-term loan, that gives you access to funds to meet your personal needs.
EZ Cash Loan
Some needs can’t wait. Apply for an instant loan from the comfort of your home. Get a personal loan of up to N7.5 million and up to 24 months to repay.