POLARIS Bank has disbursed more than N1billion to customers less than four months after introducing the Salary Advance (SALAD) solution.
Polaris Salary Advance enables employees get up to 50 per cent of their net monthly salary to meet basic needs before the next pay day. The service, which is available on telecommunication networks, has helped many families secure short-term finance to meet their urgent needs which otherwise would have left them vulnerable.
A customer Sarah Ojedokun said: “It was fast, easy and on point as I got credit within a minute of dialing the code *833*12#.”
Also, an auto technician with a Korean auto company, Chibuzor Ikechukwu, and a customer of the bank described the product as a good.