Get up to N500k with the new Polaris Salary Advance on USSD *833*12#

Get up to N500k with the new Polaris Salary Advance on USSD *833*12#

Polaris Salary Advance now on USSD, easy and faster like never before.

Polaris bank is dedicated to making your experience on convenient and easy banking a reality, to this end, the bank has gone as far as bridging the gap between your financial needs for a wonderful experience.

You can now access your salary advance loan on your mobile phone from the comfort of your arm chair with the aid of a USSD code (*833*12#).

The following search terms apply;

  • Polaris bank loan interest rate
  • Polaris bank loans
  • Polaris bank personal loan
  • Skye bank loan code
  • How to borrow money from Polaris bank
  • Skye bank payday loan
  • Quick loan

Features of Polaris salary advance loan

  • No collateral is required
  • You are not subjected to documentation of any kind, no paper work
  • You are not charged on withdrawal
  • There is no restriction on ATM withdrawal
  • The pricing is very affordable


  • You’re expected to pay back on the next payday
  • 2.5% interest flat rate applies flat
  • 1% management fee applies totaling 3.5%
  • You can access up to N500,000
  • There are no hidden charges involved

Who can access this loan?

This loan is strictly for salary earners with registered and duly reorganized institutions, corporate bodies, individuals on government payroll whose salary accounts are residence with Polaris bank.

By this standard, you must have your salary account with Polaris bank.

You may also like: How to access Polaris bank 30 days salary advance

How to access Polaris Salary Advance

Follow the below steps;

  • Dial *833*12# from your registered phone line
  • You will a prompt on loanable amount
  • Enter amount you’d like to take
  • Confirm your transaction having inputted necessary parameters, your loan will be credited to your account immediately.

Note: Your salary account will be booked on debit for the loan, once your next salary touches down, it’s debited automatically without further consent from you or instruction whatsoever.


How your loan interest is being calculated

Assuming you applied and received a loan of N50k from Polaris bank, recall interest rate is 2.5% flat and 1% management fee.

I = PXTXR/100

Where I = Interest expected

P = Principal amount borrowed

T = Time it took to return the loan

R = Rate at which the facility was given

From our deduction here P = N50K, (T = 30 days/365 days= 0.08219), R = 2.5+1=3.5

It therefore stands that;

I = 50000/1 X 30/365 X 3.5/100 = N143.84

It therefore stands that the bank will charge you N143.84 on a Polaris salary advance loan of N50k for 30 days, isn’t that interesting?

6 comments on “Get up to N500k with the new Polaris Salary Advance on USSD *833*12#

Raphael Orji
Arumona charity

Can the loan be repaid installmentally or in full

Raphael Orji

Hi Arumona,

The plane truth is that they disburse this loan according to your monthly salary.

If you try to apply you’ll be informed about your threshold and that’s what you’ll be debited in full on repayment.

Raphael Orji
Babatope Idowu

I appreciate your write up on this topic. However, the charges are far higher than you have explained here. Seems the way they calculate theirs is different. I took an advance of #33’000 for 15 days & what they charged me was far higher than the #50k example you gave here. They even charged me penalty!!!

Raphael Orji

Serious 😒!
What type of account do you have with them?

Not a salary account I guess?

Raphael Orji
johnson chimezie

Good morning sir, i try to borrow a payday loan after inputting the USSD code what the wrote was please enter an amount greater than 5000 and no place to even put the amount, i dont know if is network problem.

Raphael Orji
Abdulhadi Bawa Jibia

Polaris bank was so interesting. But in a situation where I live or reside in area where there’s no network on the line I usually receive alert, is there any alternative way that one can apply and get payday or OD loan online?

Thank you


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