Stanbic IBTC offers better conditions for healthcare loans

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Healthcare professionals who want short-term financial support to expand their operations can now do so on better terms from Stanbic IBTC Bank.

The company, which is a subsidiary of Stanbic IBTC Holdings Plc, introduced a package called the Short Term Healthcare Loan, which has been accessed by many stakeholders in the healthcare industry.

To make it easier for professionals to access the line of credit for a better healthcare sector in the country, the lender has enhanced its short-term loan solution within the healthcare value chain.

This update guarantees a flexible payment period, with an affordable interest rate and zero collateral to allow industry players to access better financing and achieve optimal service delivery.

Now offering a longer 12-month term, affordable interest rate and zero collateral, the healthcare loan will encourage further investment in the sector and enhance strategic relationships to generate new business.

Speaking at the Medic West Africa Conference, Stanbic IBTC Bank’s Head of Specialty Sectors, Ms Jane Ike-Okoli, noted that effective collaboration between financial institutions and healthcare organizations is key to moving the healthcare sector forward. Nigerian health.

She advised financial institutions to be more intentional in complementing government efforts, saying: “Stanbic IBTC has a comprehensive understanding of the healthcare industry and its complexities. This knowledge inspires us to continue designing innovative yet affordable solutions to boost healthcare businesses across the country.”

According to her, despite Nigeria being the largest healthcare market in Africa, challenges in the healthcare sector include inadequate healthcare infrastructure and insufficient funding.

“Stanbic IBTC is passionate about driving change, hence our partnership with key stakeholders in the healthcare sector to improve access to healthcare financing.

“We accomplish this by offering flexible financing options for businesses and healthcare providers and by strategically partnering with players in the healthcare ecosystem,” he said.

“Our healthcare solutions are tailor-made for companies in the sector that need working capital to expand healthcare operations, acquire medical equipment, facilitate medical research and ultimately grow their healthcare businesses” added Ms. Ike-Okoli.

The Head of Coverage, Business Clients of Stanbic IBTC Bank, Mr. Babatunde Akindele, also stated that the newly upgraded short-term healthcare loan is a necessary investment.

“Health is a basic need that everyone should have easy access to. The pandemic has increased the pressure on the healthcare sector by revealing the urgent need to expand healthcare facilities. Stanbic IBTC has taken another step in the right direction to improve healthcare infrastructure and enable quality service delivery, which will restore hope to many Nigerians,” he said.

The growth of the Nigerian healthcare sector is based on impactful and innovative financial solutions positioned to create a level playing field for businesses to prosper. Stanbic IBTC has said that it remains committed to leading the way in this regard.

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