Stanbic IBTC rolls out easy loans for SMEs at Yuletide

LAGOS, Nigeria – As part of efforts to assist Small and Medium Scale Enterprises, SMEs to meet up with expected surge in patronage during the yuletide,  Stanbic IBTC Bank has rolled out a lot of easy loans .

Speaking during the Stanbic IBTC SME Loan programme  titled: “ SME Loan: Meet your short term  needs this festive season”,  Team Lead, Digital and Enablement, Enterprise Business Development Stanbic IBTC, Remilekun Ishola said the bank decided to embark on the programme to enable SMEs  restock due to expected surge in patronage  as a result of various discounts available to customers during the season.

She said short term loans ranging from N50, 000 to N10 million are available to registered SMEs with flexible payment  terms, minimal documentation but without any collateral requirement.

According to her, all that is needed is bank statement of the applicant, showing cash flow over time. The loan comes as  low as 26 percent Per Annual  for temporary overdraft and 30 Percent Per Annual for Short Term Loans.

She said that interested customer can write directly to [email protected], call  Enterprise Direct on 014220003 or visit stanbicibtc website, https://www.stanbicibtcbank.com/.  Interested applicants can also visit any branch of Stanbic IBTC for inquiries.

Remilekun Ishola said  the loans will be process at a very short time and that applicants will be credited rapidly.  The programme,  hosted live on Instagram was moderated by brand influencer, Pamilerin Adegoke.