Frequently Asked Questions
Got a question to ask? View some of our commonly asked questions.
-
The most frequently asked questions
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.
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 or by visiting our nearest branch.
What is the minimum loan amount?
The minimum Smart Loan amount is N20 000.
*Terms and conditions apply
What is the maximum loan amount?
You can borrow up to N20 million with a Smart Loan.
Terms and conditions apply.
What is the repayment tenor?
48 months (4 years)
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