What is EZ Cash?
Stanbic IBTC EZCash is a term loan that offers eligible active current account holders, instant access to funds ranging from 20,000 to 4,000,000 at an interest rate of 2.5% monthly to pay back within 12 months, anytime, anywhere with no documentation required.
How do I qualify for Stanbic IBTC EZCash Loan?
Here are the eligibility requirements for Stanbic IBTC EZCash Loan:
You must have an active account that is at least 12 months old with the bank.
You should not be less than 18 years as at the loan application date and maximum of 59 years.
You must not have any history of dud cheques.
You must have satisfactory credit reports.
How many times can I borrow?
With Stanbic IBTC EZ Cash Loan, you can borrow as many times as you require, provided the cumulative sum of total amounts borrowed does not exceed your maximum assigned limit.
Your loan limit will depend on your average monthly income and the monthly loan repayments on existing loans (if any).
What are the charges/fees?
Here are the charges for Stanbic IBTC EZ Cash:
Management fee of 1% on amount borrowed.
Value Added Tax (VAT) of 0.05% on the amount borrowed.
Insurance fee of 0.35% on amount borrowed.
When is the Interest taken from my account?
Interest payment for the amount borrowed is taken at the end of the month.
What happens if I only spend part of the money I borrowed?
In the event you withdraw money to an amount less than the sum initially borrowed, interest charges will only apply to the amount withdrawn.
How to Apply for Stanbic IBTC EZCash Loan
Here are the steps to apply for Stanbic IBTC EZCash Loan:
Visit the
Stanbic IBTC EZ Cash Website.
Input your account number.
Enter your registered phone number, as it is on your BVN, and click Get Started.
An OTP (One-time Password) will be sent to your registered line.
Respond with the secret OTP and proceed.
Supply all the requested details, e.g., the amount you intend to borrow, and the expected repayment period.
A credit evaluation is then carried out to confirm if you are qualified.
If successful, they would present you with an applicable interest based on your present risk score and loan duration.
Read through the loan details, terms and conditions, and if okay, click accept.
EZCash USSD Code
In case you dont have access to the internet, you can still use your smartphone to borrow on EZCash.
For direct access to Stanbic IBTC EZCash, dial *909*44#.
After dialing this, just follow the instructions as fast as you can as the code times out in seconds.
How do I repay Stanbic IBTC EZCash Loan?
Repayment for Stanbic IBTC EZCash Loan is very easy.
Once the loan term elapses, you would get a message containing your outstanding payment, and then your account would be debited.
To pay back, simply ensure that you have the complete amount in your account on the payment day.
However, you can also choose to pay back before the due date.
To do this, contact your personal account manager or customer care on:
0700909909909
CustomerCareNigeria@stanbicibtc.com.
Conclusion
Stanbic IBTC EZCash Loan is a beneficial and easy loan to access.
This term loan ensures that you are never short of funds required to keep your business afloat or expand for growth.
The best part is that you can easily access this loan through your USSD Stanbic IBTC mobile app and the comfort of your mobile phone.
Hope you enjoyed this article?
adex3g 8 months
