Generator Loans

A Generator Loan is an unsecured personal loan to provide funding to an individual who wants to buy a new generator set. A Generator Loan can be for a short-term or long-term, depending on your needs.

What does it offer you:

  • Low interest rates
  • No collateral required
  • You can access credit of up to 100% of your income.

 

What you need to apply:

  • You  must have been with your current employer for at least six months.
  • You will need to have your salary paid into your Stanbic IBTC account.
  • You must be permanently employed or be a contract worker with valid contract terms from one of our approved companies.
  • You have to be a Nigerian citizen with permanent residency.
  • Earn a minimum net monthly income of N20 000.
  • Must be 21 years or older (but not older than 60 years on expiration of the facility).
  • Must have a satisfactory credit bureau report.

 

For more information:

Please visit a Stanbic IBTC Bank branch near you or call 0700 CALL STANBIC (0700 2255 7826242) or +234 01 270 9676 or e-mail us: customercarenigeria@stanbicibtc.com 


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