How to Get Loan From Polaris Bank | Easy Ways

A loan from Polaris Bank is available for small business enterprises individuals, etc. Polaris Bank has provided different loan options for businesses and customers who are in need of financial assistance.

Polaris Bank Loan

These are frequent questions people ask, Does Polaris Bank offer Loans? What kind of loan does Polaris Bank give? How do I know if I am eligible for a loan from Polaris Bank? What is the maximum loan amount can I get from Polaris Bank?

All these questions above will be provided answers to in this article. All you have to do is to choose from the list of Polaris Bank Loan and you will get a guide on how to apply and what is required to get a loan from Polaris Bank

Types of Polaris Bank Loan

Polaris Bank has provided an easy process to get funds for business owners with the following loan package:

Top searches:

Personal Term loan

This type of Polaris Bank Loan is for female entrepreneurs in the small and medium enterprise

Features:

The loan covers medical bills, school fees, asset acquisition, or setting up that small-scale business.

SME loan

This type of loan include the following:

  • Polaris Business Advantage – Starter
  • Education Loan
  • Polaris Business Advantage – Emerging
  • Polaris Business Advantage – Excel
  • Polaris Business Current
  • Intervention Funds
  • Growing your Business

Payday Loan

With our payday loan, you can access up to 50% of your next salary in advance.

Your Payday loan is processed and disbursed in less than 1 minute using our USSD code *833*12#. Disbursed funds can be accessed 24/7 via the ATM or your mobile device using our USSD, PolarisMobile, and PolarisXperience.

Salary advance

The Salary Advance has the following features:

  • Up to 70% of your monthly salary in advance
  • It helps to relieve the burden of some people who get stuck midway in the month
  • No collateral required
  • It takes just 24 hours to get your loan

How to Qualify for a Polaris Loan

You are required to have the following:

  • A profitable business with a consistent monthly flow of income
  • A good credit history

Other may include:

  • A business or corporate bank account
  • Been in business for a period of 1-3 years
  • A good credit Bureau report
  • An active customer of Polaris Bank

How to apply for a Polaris Bank Loan

  • You can choose from any of the above loans
  • You can apply using your phone, email, or visiting the nearest Polaris Bank branch
  • Complete and submit the application form

Popular searches:

  • Polaris business loan
  • Polaris student loan
  • Polaris bank interest rate
  • Polaris loan payment

Documents Required for Polaris Loan

The following documents may be required of you when applying for a loan from Polaris Bank. They are:

  • Completed application form
  • Business plan
  • Bank statements (12 months)
  • Audited financial accounts
  • Certificate of Incorporation
  • Valid means of identification (driving license, passport, voters card)
  • Proof of address
  • Details of collateral offered (if any)
  • Other details will be given at the bank branch

Do you have any questions about the Polaris Bank loan? If you do, you can leave us a comment. Feel free to share this article with your friends on social media.

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