Non-collateral Salary Advance To Salary Earners (customers) - Polaris Bank

Polaris bank set to make a product service tagged "Salary Advance" to its customers. This  is focused on customer-led product that enables employees to get up to 50% of their net monthly salary to meet basic needs before their next payday. The product is designed to provide short term financing to its customers via convenient and accessible digital channels such as the mobile phone.

Customers can access up to 50% of their net monthly salary capped at N500,000 for a 30-day tenor or next salary date by dialing *833*12#. The service is available 24/7 on all telecommunication networks. The product service is open to meet consumer's need such as paying for their children's fees, bill/utility bills, amongst other needs.

Polaris bank is a customer-centric bank set to always deliver product satisfying services to the general public.

 

With this recent development, what are the other intiative would you advise they engage in for the benefit of the public?

Comments Reply
  • Polaris bank set to make a product service tagged "Salary Advance" to its customers. This  is focused on customer-led product that enables employees to get up to 50% of their net monthly salary to meet basic needs before their next payday. The product is designed to provide short term financing to its customers via convenient and accessible digital channels such as the mobile phone.

    - Abdulrazak Salisu - 2019-08-16 16:58:14 Quote

  • Well, this is a welcome development but I hope it is a long term project and I call on other banks to emulate this welfare system. 

    - Abdullahi Sanusi - 2019-08-16 16:59:21 Quote

  • I think they should also creat customers mention account.

    - Moses Osgood - 2019-08-16 16:59:23 Quote

  • Nice idea from a financial institution, the problem with this is going to be the interest rate. they should try and make it interest free. by so doing, it boost their customer service and lots of customers will flood their bank

    - IBRAHIM HAFIZ - 2019-08-16 17:02:34 Quote

  • Good idea, I just hope that it would be long time project... And I wish that other Banks could copy the idea

    - Odusina Pelumi - 2019-08-16 17:12:50 Quote

  • Polaris bank are really coming up pray the continue love me this as to gain more customers,other financial institutions should emulate such act.

    - Olakojo Yusuf - 2019-08-16 17:16:20 Quote

  • A welcome development to especially the civil servants, I just pray the stuff will be implemented soon

    - Lucky Ekeke - 2019-08-16 22:43:41 Quote

  • Polaris bank is making a great move, I think they should move on with of making their customers happy.

    - Miracle Nwancho - 2019-08-17 00:20:07 Quote

  • This is really a good development by Polaris Bank which is going to help the employees alot 

    - Naheem Aderenle Deji-Subair - 2019-08-17 03:25:55 Quote

  • Very good idea, market strategy, I will try and open an account with them very soon

    - Dorothy Azodo Amaka - 2019-08-17 09:32:31 Quote

  • Wow, what a great way to help the masses, God bless the bank for such an idea... 

    - Jethro Da'ar - 2019-08-17 11:37:53 Quote

  • Nice idea from a financial institution, the problem with this is going to be the interest rate. they should try and make it interest free. by so doing, it boost their customer service and lots of customers will flood their bank. 

    - Michael Oguzie - 2019-08-23 02:11:56 Quote

  • olaris bank set to make a product service tagged "Salary Advance" to its customers. This  is focused on customer-led product that enables employees to get up to 50% of their net monthly salary to meet basic needs before their next payday. The product is designed to provide short term financing to its customers via convenient and accessible digital channels such as the mobile phone.

    - Patrick Ofere - 2019-08-27 14:34:42 Quote

  • Nice idea from a financial institution, the problem with this is going to be the interest rate. they should try and make it interest free. by so doing, it boost their customer service and lots of customers will flood their bank.

    - Okechukwu Jude - 2019-09-03 17:00:44 Quote

  • In fact this is very nice idea from Polaris bank,,,, if other banks can try this idea I think it will make sense and also to make it last longer project for there customers so as to attract more customer.. 

    - Yahaya Solihudeen Ajiboye - 2019-09-11 23:49:46 Quote

  • This is a good service because most employees don't have access to cash till after they have been paid their salaries.polaris bank should also take consideration because granting this privilege to any customer as some customers will want to misuse this opportunity.

    - Okeke Uche - 2019-09-18 11:58:27 Quote

  • It was diamond now Access bank that started the project first. But however, she has gone with that is problem. Beside, the loan is just that pet one that couldn't afford you more that to just buy so few things to the house. Not something reasonable. 

    - OWOLABI Ayodeji Abdur-Razzaq - 2019-09-22 07:04:33 Quote

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