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?