Polaris Bank is among the banks that offer quick loans to those in Nigeria. As a bank, they’re willing to lend people up to $500,000 in Nigeria without any collateral or paperwork. By using the USSD code, you can access the loan.
Polaris Bank has a range of loan products, however, the ones that are simple to obtain using code and are not collateral-free are payday and personal loans.
So this article is targeted toward Polaris paydays at the bank, personal loans, interest rates, payback period as well as other crucial information you should know.
Table of Contents
Polaris Bank payday loans need to be met
As with other banks located in Nigeria, There is a condition you have to satisfy before they will provide you with credit.
These are the requirements.
- You can be a Nigeria and live in Nigeria
- Have a BVN and an account number
- You must have a source of income.
- Open a bank account for your salary with Polaris bank
- You should not be in default on any loan before
- Have a great credit score
Polaris personal bank loan conditions
- You must have a source of income.
- You can be a Nigeria and live in Nigeria
- Reset your account with Polaris
- You should not be in default on any loan before
- Have a great credit score
How to apply for Polaris payday and personal loans at the bank using the used code
For requesting a Polaris Bank personal and payday loan you have two options available to you. You could visit their bank and make a request for a loan, or call the used number on your phone
Polaris bank loan used number is *833*12#
After you dial it and you will get an option to loan, just click on it, and then follow the instruction.
What is the maximum amount you can receive using Polaris payday loans from banks
It is contingent on how much salary you earn each month. If, for instance, you are receiving $100,000 per month, the amount you’ll get is 50,000.
What amount of loan can you get with the Polaris Bank personal loan
This is also dependent on your credit scores. when you’ve received and transferred large amounts of money through an account at Polaris bank account, you’ll be eligible for a loan with a high amount.
Polaris bank loan rate, interest rate, and repayment term
The interest rate is dependent depending on the loan amount as well as the credit score. It usually ranges from 2 to 5 percent per month. The repayment time is one month. Once you receive your pay, the loan is deducted.
The interest rate for a personal loan is identical to payday loans however the repayment time is a bit longer. It could be as long as 3 months, based on the credit rating of the borrower.
How do I pay back Polaris bank loan
Since it’s an institution, and not like loan apps that are not a bank, you do not have to use a hectare scatter to repay the loan. The loan will automatically be debited when the due date is reached.
How long will it take Polaris Bank to make loan payments?
It will take less than 20 minutes after you have been approved for your loan, and it will be credited.
What I love about it is Polaris bank loans
- You don’t require collateral or a guarantor
- It’s easy and quick
- The process of repaying a loan is simple
The thing I do not love about PolaBank’snk’s loan
- You will require an account on your salary for payday loans.
- The amount you can borrow is contingent on your income.
Polaris bank contacts
Phone
(0700-7652747), 0806 988 0000, 01 448 2100, 01 270 5850
yescenter@polarisbanklimited.com
Conclusion
Below is the code you can dial to receive a loan from Polaris Bank. While you are getting the loans, ensure that you take out a loan you can repay to avoid having I’m sure.