Frequently Asked Questions
Want to know more about Smart Loan? Here are some frequently asked questions.
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FAQs
Can non-residents apply for a Smart Loan?
Yes, this loan is available to Diaspora customers with Money Market Investment accounts and a Stanbic IBTC Bank account.
What is the repayment tenor?
48 months (4 years)
What is the maximum loan amount?
You can borrow up to N20 million with a Smart Loan. T&Cs apply.
What is the minimum loan amount?
The minimum Smart Loan amount is N20 000. T&Cs apply.
Can I apply for a Smart Loan if I have investments with Stanbic IBTC Asset Management, but I don’t have an account with Stanbic IBTC Bank?
Yes, but you will be required to open a bank account before you apply. You can open an account on the Stanbic IBTC Mobile App, online by visiting our nearest branch
Can I apply for the Smart Loan if I have a current account with Stanbic IBTC Bank, but not a salary account?
Yes, if the redemption account on your mutual funds is a Stanbic IBTC Bank account. Yes, if the redemption account on your mutual funds is a Stanbic IBTC Bank account.