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Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, introduced a digital smart lending solution to enable clients who have an account with their loan to access the Asset Management arm to enable them to meet their financial obligations through medium term.
According to the bank, the devaluation of the naira due to the global economic slowdown has reduced disposable income, as it takes more naira to maintain the current level of spending and consumption. This is all the more true as the economy is largely driven by imports and people need transparent access to funds from their financial partners.
He said the Smart Loan, a digital and paperless lending facility, will be useful for many Nigerians, especially those who need it the most. The solution will support Nigerians by giving them access to funds while contributing to economic growth.
The digital Smart Loan service is available to clients who have invested in mutual funds with Stanbic IBTC Asset Management. This allows them to access the instant and fast paperless loan facility of up to N10 million. The loan solution allows them to meet their financial needs while maintaining healthy cash flow.
Oladele Sotubo, Managing Director of Stanbic IBTC Asset Management, said: “The Smart Loan product is designed to help provide our clients with the necessary financial support of up to N10 million to meet their medium-term financial responsibility, while positioning them on the path to financial stability. long-term. We understand the need for constant cash flow and its relevance to our livelihoods and households. “
Bunmi Dayo-Olagunju, Head of Client Solutions, also said that Stanbic IBTC Holdings will continue to develop innovative financial solutions to enable clients to achieve stable financial freedom through simple and fast banking solutions available to them at their convenience. . We are delighted that we can continue to serve our clients in a positive way that improves their finances through our range of financial products. “
Dayo-Olagunju also said the company is committed to leveraging technology to help accelerate economic development and improve the standard of living of its customers.
