Stanbic IBTC woos customers with new smart loan digital solution

January 13, 2022
1 Views

Spread the love

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has introduced a Smart Loan digital solution to enable customers who have an account with their Asset Management arm access a loan to enable them meet their medium-term financial obligations.

According to the bank, the devaluation of the naira due to the global economic downturn has reduced disposable income as more naira is required to maintain the current level of expenditure and consumption.

It stated that the Smart Loan, a digital, paperless loan facility will come in handy for many Nigerians, especially those in dire need. The solution will support Nigerians by giving them access to funds while also contributing to economic growth.

READ ALSOStanbic IBTC reiterates commitment to sustainable digital finance

The Smart Loan digital facility is available to customers with a mutual fund investment with Stanbic IBTC Asset Management. This enables them to access the instant and quick paperless loan facility of up to N10 million. The lending solution empowers them to meet their financial needs while also maintaining a healthy cash flow.

Oladele Sotubo, Chief Executive, Stanbic IBTC Asset Management, said, “The Smart Loan product is designed to help provide our customers with the necessary financial support of up to N10 million to meet their medium-term financial responsibility, while also positioning them on a path to long-term financial stability. We understand the need for constant cash flow and its relevance to our livelihoods and households.”

READ ALSOTax debt: Niger State orders closure of Union Bank, Stanbic IBTC, others

Bunmi Dayo-Olagunju, Head, Client Solutions, also said Stanbic IBTC Holdings will continue developing innovative financial solutions to enable customers to achieve stable financial freedom through simple and quick banking solutions accessible to them at their convenience. We are delighted that we can further serve our customers in positive ways that improve their finances through our arrays of financial products.”

Bunmi also stated that the firm is committed to leveraging technology to help accelerate economic development and improve the standard of living amongst its customers.

You may be interested

Terrorists will be crushed, Buhari reassures Kaduna residents
News
1 views
News
1 views

Terrorists will be crushed, Buhari reassures Kaduna residents

Webby - January 22, 2022

President Muhammadu Buhari has reassured Kaduna State residents of the resolve of the Nigerian Armed Forces, under his watch, to…

“Now that Davido has Hugged Wizkid, Watch Him Sell-out 02…” See Hilarious Reactions To Wizkid and Davido’s
News
1 views
News
1 views

“Now that Davido has Hugged Wizkid, Watch Him Sell-out 02…” See Hilarious Reactions To Wizkid and Davido’s

Webby - January 22, 2022

Nigerian singers, Wizkid, Davido and Burna Boy are trending on all social media sites. For those who might not know…

Wizkid, Davido inspire each other to ‘go harder’, says singer Cdq
News
1 views
News
1 views

Wizkid, Davido inspire each other to ‘go harder’, says singer Cdq

Webby - January 22, 2022

Nigerian singer, Yusuf Sodiq, popularly known as CDQ, has expressed joy over the viral video that showed Wizkid and Davido…

Leave a Comment

Your email address will not be published.