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What kind of loan can I get?
Stanbic IBTC team
Not applicable

Choosing a suitable type of loan can be very stressful especially if you do not have the information that will help you make the right decision.

There are two major types of loans; secured loan and unsecured loan. A secured loan is one secured by collateral in order to reduce the risk associated with lending. An unsecured loan is supported only by the borrower’s credit-worthiness and not collateral.

HOME LOAN
A home loan lets you borrow money from the bank for the purchase of a home. You can get a home loan to buy a new house or refinancing to buy another house. The size of the loan may be subject to income to interest (ITI) considerations i.e. the repayment amounts vs your total income. We offer loans of a minimum of N5m.
To find out more about Stanbic IBTC home loan, click here http://bit.ly/1mXpyYm or email [email protected]

BUSINESS LOAN
A business loan gives a cash boost to businesses. It could either be a short term loan or a longer term loan. To find out more about Stanbic IBTC business loan, click here http://bit.ly/RE4qwh.

CAR LOAN
You can apply for a car loan when you want to purchase a car you love without straining your finances. Like every other loan there are certain requirements individuals applying for car loan must fulfil such as: salary domiciliation etc.
To find out more about Stanbic IBTC car loan, click here http://bit.ly/1ko00Wl.

A prospective borrower is faced with a lot of choices but it is important to understand the various loan options and how much they will cost before deciding which one to choose.

Reach out to us on [email protected] for more details on each loan option.

Do you have any more useful tips? Share with a comment below or reach out to us with any feedback on Twitter: @StanbicIBTC or Facebook: fb.com/StanbicIBTC