Home Loans

If want to buy a new home or re-finance your current home, we offer outright purchase and home-owner loans also known as equity release home loans. Why don't you try out our home loan calculator to see what you can afford.

What does it offer you:

  • You can apply for either the equity release or  the outright purchase option.
  • We provide home loans for the following areas: Lagos, Ibadan, Port Harcourt, Ogun, Abuja, Kano, Kaduna and Benin.
  • You get flexible principal repayment options – you can pay monthly, quarterly or once or twice a year.
  • If you are self-employed, the maximum repayment period is seven years.
  • If you earn a salary, you can repay your loan for as long as 20 years.
  • The minimum loan amount is N3 million.
  • The minimum property value for providing a equity release loan is N5 million.


What you need to apply:

  • You need to earn a monthly net salary of N200 000 for a home loan or N140 000 for an equity release loan.
  • Your salary must be paid into your Stanbic IBTC account.
  • You need to have been with the same employer for at least 12 consecutive months.
  • You must give us a letter of introduction from your employer or a copy of your letter of employment if you have been with your employer for less than 12 months.
  • If you work on a contract basis, we need a copy of your most recent contract.
  • Your pay slips for the past three months.
  • You must be a Nigerian citizen with permanent residency.
  • If your Stanbic IBTC account was opened in the past six months, you need to give us  a six months statement of your account with another bank.
  • Proof of your address, such as a recent utility bill or a billing document proving your address.
  • A filled in home loan application form, which you can get from any of our branches.


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 email us: customercarenigeria@stanbicibtc.com

An outright purchase loan lets you become a home owner rather than a tenant. For an outright purchase, you can spread your repayments over up to 20 years with a minimum equity contribution of 10%.

A home-owner loan (also known as equity release loan) is for you if you own a home and want to release some of the equity in the home in exchange for cash. This type of loan is based on the amount of value you own in your home. It is calculated by taking the difference between the current value of your home and how much you owe on your initial mortgage, if any.


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