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FAQs

  • The following documents are required:

    • Signed application form
    • Bank statements for the last 3 months (for new to bank)
    • Pay slips for the last 3 months

    Letter of Awareness from employer to domicile your salary with Standard Chartered Bank

  • You can borrow up to ₦35M depending on the organisation you work for and your income. You will be advised at the time of application.

  • You have up to 60 months to repay the loan depending on the organisation you work for and your income. You will be advised at the time of application.

  • Yes. We require you to domicile your salaries and allowances with the bank. You will be required to instruct your employer to do so and your employer must confirm this in writing.

  • In order to qualify, you must earn a minimum of ₦120,000. You must also be a permanent and confirmed employee of the organisation.

  • Yes. In order to do this, you will go through the normal application process. In addition, we require a letter from the bank where your loan is stating the outstanding balance of your loan that is required to be settled. Standard Chartered Bank will pay this amount directly to the bank from the proceeds of your new loan.

  • This loan is unsecured. All that we require is for you to receive your salaries and allowances through Standard Chartered Bank throughout the period of the loan.

  • Yes. This can be done 6 months from the date you took the initial loan. A good repayment history is also required and we can work with you on this.

  • Yes, you can pay down your loan before maturity.

  • Yes. This is an all-purpose loan and can be used for any purpose of your choice.

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