Polaris Bank Explains The Benefits Of Its ‘Salary Advance’ Product

With the whole world including Nigerian already in festive mode with the Christmas and New Year around the corner, Polaris Bank has underscored the benefits of its Salary Advance product, which shoppers could take advantage of this season.

In a statement the bank explained that the product is available to both existing account holders and non-account holders.

It said, “Salary Advance is a small, short-term unsecured loan that relies on the borrower having previous payroll and employment records. A beneficiary is required to repay out of their next pay cheque or over an agreed period. Polaris Salary Advance, an instantly available, no-collateral facility, can be accessed anytime, anywhere.

“It is available to all salary earners and can be accessed via *833*12# USSD Smartcode platform. Working class persons who are looking to soft credit to enable them meet up with their shopping this season, can take advantage and get their account credited in a space of two minutes,” it stated.

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