Sunday, August 9, 2020
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How To Access Polaris Bank Salary Advance Loan


To make life easier for its customers, Polaris Bank has said all salary earners are eligible to apply for Polaris Salary Advance provided they have active accounts with the bank.

A statement from the bank’s Group Head, Products and Markets Development, Adebimpe Ihekuna, said the product was designed to provide leverage for consumers to meet pressing financial needs such as paying their child/ward school fees, emergencies requiring funding and bill payments.


Ihekuna said, “All you need do is to dial *833*12# to connect to Polaris USSD Banking; a dialog box appears showing customer’s eligible loan amount and option to input required loan amount.

“Next menu shows the requested loan amount with the pricing, with an option to select ‘1-Accept’ or ‘2-Decline and the customer selects ‘1 –Accept’, and loan amount is immediately disbursed into customer’s salary account.”

Commenting on the new product, the Managing Director/Chief Executive Officer, Polaris Bank, Tokunbo Abiru, said it was in line with the bank’s mission to delight its customers with easy product that enhanced their lifestyles.                                                                                       “We do not want our esteemed customers to get stranded due to paucity of funds in attending to critical needs. That is the spirit that berthed Polaris SALAD”, Abiru said.

According to the statement, Polaris Salary Advance has been designed to provide a quick finance solution that will address emergency spending needs.

It said the product would help to meet emergency needs such as household bills, health expenses, repairs and replacements, unexpected travels and moving expense.

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According to the bank, the essence is to help with uneven cash flow by allowing customers to get a salary advance to deal with pressing financial obligations.

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