How To Apply For Polaris Bank Payday Loan & Salary Advance

How To Apply For Polaris Bank Payday Loan & Salary Advance.

Polaris bank takes the privacy and security of its customers pretty seriously.

The bank offers different kinds of loans to its customers, loans ranging from personal loans to market loans, digital loans to money transfers, and the rest.

Types of the loan in Polaris bank:

1. personal loan:

It is prioritized towards helping customers carry out their private and personal financial needs.

These needs can be settling school fees, paying hospital bills, setting up a small-scale business, and the rest.

Some features of a personal term loan are:

  • No need for collateral
  • The pricing is very competitive
  • Loan repayment is from your salary domicile account.
  • The repayment span is over 48 months.
  • Flexible and convenient, you can access up to 10million naira.

How to Apply

To apply, you can visit any of the Polaris bank branches nearest to you to pick up and fill an application form.

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After filling it up, submit documents relevant to your loan application. If successful your loan will be processed and disbursed within 48hours.

2. Digital loan:

This loan has a 30day tenor with a 2.5% flat interest rate. The loan is commenced on the day of disbursement and it is repayable after 30 days.


The Polaris bank Salary Advance Loan:

This type of loan helps you get access to funds before your salary comes to meet up with your needs that are urgent and can’t wait.

With this feature, you can have access to over 50% of your next salary given to you as salary advance.

Using the USSD code, you can get your loan processed and disbursed within one minute.

How to get salary advance from Polaris bank using just USSD and others

Simply dial *833*12# from your mobile phone and follow the on-screen directions.

You can access the funds 24/7 via any ATM.

Additionally, You can also Call Polaris Yes Center on the following numbers 0700-7652747, 08069880000, 01-4482100, or 01-2705850.

Furthermore, call your relationship officer

Loan eligibility

To be eligible for the payday loan and salary advance from Polaris bank applicants must be:

1. Employed in a government or reputable organization.

2. Those that have their salary accounts domiciled in Polaris bank.


Features & Benefits of Payday loan and salary advance

Some of the benefits of making use of the Polaris bank payday loan and salary advancement is:

  • You get Quick access to fun for short-term funds.
  • Have 70% of monthly net income upfront
  • loan processing time is 24 hours
  • You do not need collateral before you can get the loan.


With the Polaris payday loan and salary advance, you will not need to run out of cash again. If you find this article helpful, please comment below in our comment section and also share.