Polaris bank loan code: how to apply, interest rate

Polaris bank is among the banks that offer a 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 rate, payback period as well as other crucial information you should know.

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polaris bank
polaris bank

Polaris Bank payday loans need to be met

As with others banks located in Nigeria There is a condition you have to satisfy before they will provide you with a 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 prior to
  • 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 prior to
  • Have a great credit score

How to apply for Polaris payday and personal loans at the bank using the ussd code

For requesting a polaris Bank personal and payday loans you have two options available to you. You could visit their bank and make a request for loan, or call the ussd number on your phone

Polaris bank loan ussd number is *833*12#

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After you dial it and you will get a the 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 also dependent of 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 2to 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 pay day loans however the repayment time is a bit longer. It could be as long as 3 months , based in the credit rating of the borrower.

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How do I pay back Polaris bank loan

Since it’s an institution, and not like loans 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, 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 polaris bank loan

  • You will require a an account on your salary for payday loans.
  • The amount you are able to borrow is contingent on your income.

Polaris bank contacts

(0700-7652747), 0806 988 0000, 01 448 2100, 01 270 5850



Below is the code you can dial to receive an loan from Polaris bank. While you are getting the loans, ensure that you take out a the loan you are able to repay to avoid having I’m sure.


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