List of Banks that offer payday loan and Salary Advance

Payday loans and salary advance is an instant digital loan product which is targeted at salary earners who meet the Bank’s Risk Acceptance Criteria (RAC).They are intended to help consumers get some quick cash to hold them over until their next salary payment

Most payday loans  and salary advance are for just a month.When the loan comes due, the borrower either pays off the loan or allows the lender debit their account since their salary account domicile with the bank.The loan can be approved in as few as 15 minutes

Qualifying loan amounts vary depending on the borrower’s income and the payday lender, though it is ideal for those who need to meet immediate cash flow constraints quickly and seamlessly.

If you are searching for how to get payday loan and salary advance  from any Nigeria bank. What’s needed is a guide . To be helpful. We need a step-by-step  checklist  on list of banks that offer it, requirement and how to apply for it.

Read: Gtbank QuickCredit for Small Business: Requirement and application process

1. Access Bank PayDay Loan

Access Bank Pay Day Loan  is an instant loan product for customers (both salary and non-salary earners can have access to an instant loan when emergencies arise before payday.There is no documentation or collateral needed to get this of kind credit facility, it have low interest rate when compare to other loan product like personal loan.

Access bank customers both in Nigeria, Ghana and other countries can apply for this product provided they meet the requirements. Qualify customers can get up to 75% of their monthly salary, less any active loans at the Bank. Their eligibility is displayed when they request for the loan.

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Interest Rate

Access bank payday loan Interest rate is 4% flat and Annual percentage Rate (APR) is 48%

How to apply

To get Access Bank payday loan simply dial *901*11*1# from your register phone link to your bank or via Internet Banking, WhatsApp Banking, Access Mobile App and


2. Fidelity Bank payday loan

Fidelity Bank payday loan is a credit facility designed for Government and private sector Staff’s to get quick cash in case of emergence before next month salary or after 30 days which ever come first .Borrower can get up to 50% of net monthly salary for personal use Upon fulfillment of all conditions and Requirements.

Fidelity Bank payday loan interest rate is 1.95% which is accrue on the amount actually disbursed on a reducing balance basis and is payable at the agreed repayment period

It has 1.00% flat Management Fee, Credit Life Insurance of 0.25% flat and Extension Fee of 0.50% flat (Where applicable)


Fidelity Bank payday loan collateral comprises the following:

. Staff’s monthly salary or any inflow from other sources
. Irrevocable domiciliation of salary and other terminal benefit
. Credit life insurance covering risk of death and loss of job

. To qualify for fidelity bank pay day loan,customers must have Receipt of at minimum, 3 consecutive month salary with Fidelity Bank Plc
. Credit report must be clean
. Must meet the bank’s internal credit rating
. The borrower undertakes/agrees on terms and condition
. Minimum loan amount – ₦10,000.00 · Maximum loan amount – ₦1,000,000.00

How to apply

To apply for fidelity bank pay day loan, Kindly dial the code *770*999*08 and follow the on screen massage.

You can also read: First Bank Salary Loan: type of loans, requirement and how to apply


3. First bank Payday Loan

First bank offers FirstAdvance and Personal Loan Against Salary: The loan is designed to offer convenient and easy access to cash for payroll customers awaiting payment of their salaries. The credit facility is meant for salary earners whose accounts are domiciled with FirstBank and have received regular salaries in the last six months or more.

Borrower of FirstAdvance and Personal Loan Against Salary can get up to N500,000.00 -N5million subject to 50% of net average three months salary, whichever is lower.

How to apply

First bank salary loan can be accessed via digital channels: FirstMobile and USSD. -*894*11# or *894#


4. FCMB salary Loan

First city Monument Bank salary loan comprises of FCMB FastCash ,Premium Salary Plus loan and Salary Plus Loan

FCMB FastCash is a digital credit facility with no collateral required during loan approval. The facility is designed for existing FCMB customers; Non-FCMB Customers with cash emergencies and urgent needs

FCMB FastCash loan is available to both salaried and Non-salaried customers of the bank…NON-FCMB customers Interest Rate is 3.5% monthly and a One-Off management fee of 1%

Loan cycle is 30 days Up to 3 months repayment cycle. To apply for FCMB FastCash dial *329*11#.

Premium Salary Plus loan

Confirmed staff of commercial organizations been rated on Moody’s with a minimum BB- rating, employees interested can apply for FCMB Premium Salary Plus loan.The credit facility minimum amount is N2 Million

There is 1% flat on Management fee – upfront (0.5% for top-up loan, Insurance fee – 0.9%*loan amount*tenure (in years)

Premium Salary Plus loan tenure ranges from 12 Months up to 60 Months. Domiciliation of salary, terminal benefits and other allowances server as security/Collateral

How to apply

To apply for First city Monument bank Premium Salary Plus loan visit any branch at your location for more details

Salary Plus Loan

First city Monument Bank Salary Plus Loan is a consumer credit scheme available to salary account holders.Qualify customers can access short- or medium-term funding, before payment of salaries.

To qualify for FCMB Salary Plus Loan, for Your salary account must domicile with FCMB, consistent receipt of salaries for a period of 6 months and categorized employer .


5. Guaranty Trust Bank payday loan

Gtbank offers Salary Advance and QuickCredit to salary earner or self-employed, Guaranty Trust bank Salary Advance is designed for staff of private companies and government agencies with active salary accounts domiciled the bank.Customers can get up to 50% of your net monthly salary upfront.

To qualify for GTB Salary advance loan,you must earn a Minimum salary of N 25,000 for public sector and N 50,000 for private sector employees.

How to apply

Simply login to Internet Banking ot Dial *737*8*2# to apply for Gtbank Salary Advance.

Gtbank Quick Credit

Salary earner or self-employed can access Gtbank Quick Credit up to N5million at an interest rate of 1.5% monthly and and pay back over 6 – 12 months.

How to Apply

To apply for Gtbank Quick Credit kindly dial *737*51*51# also available on all GTBank online and mobile banking platforms (Internet Banking, GTWorld, GTBank Mobile App and Habari App)


Also read: List of Primary Mortgage Banks In Nigeria and how to apply mortgage loan

6. Heritage Bank Salary Advance

Heritage bank offer Solid Backing salary loan to employee in paid employment up to 50% of their net monthly salary and single obligor limit of N500,000—Borrower must have been working for the current employer for at least six months and must be a confirmed staff.

The tenor for this product is 30 days subject to the next pay day.Salary account must domicile with Heritage bank as a security/collateral where they can deduct loan upon expiry date

How to apply

To apply for Heritage bank salary advance, kindly visit any branch close to you location or call your account manager


7. Keystone Bank Salary Advance Instanta

Keystone Bank Salary Advance Instanta and is targeted at Salary Earners up to up to 30% of their net monthly salary as overdraft with Maximum of 30 Days loan tenor.

How to apply

To apply for keystone bank salary advance loan,kindly contact your account manager OR Keystone Bank Limited.
1, Keystone Bank Crescent,
Victoria Island, Lagos
Telephone: +234 700 2000 3000.

8. Polaris Bank

Polaris Bank offers its Salary Advance product to non-Customers.The bank also offers Payday Loan employee of reputable organizations in both private and public sectors, However, Applicant’s salary account must be domiciled with Polaris Bank

Payday Loan Borrower can access 50% of monthly net income upfront, it doesn’t require any collateral with Minimal Documentation

How to Apply

To apply for Polaris bank Salary Advance product to non-Customers and Payday loan to customers , kindly dial *833*12# from your mobile phone that is link to your account and follow the instructions

Read: Lists of All Nigerian Mobile banking USSD Codes


9. Stanbic IBTC Bank

Stanbic IBTC Bank offers Salary Advance to employee of reputable organizations in both private and public sectors. To qualify for this kind of credit facility you meet the following criteria.

1. Account that your salary is paid into must be with us
2. You must earn at least N40 000 per month and must have
3. Minimum loan amount is N20 000.
4. You must have been with your employer for at least six months.
5. You must be 21 years or older (but not older than 60 years when the facility would end).
6. In the case of a contract worker, you need to be contracted to an approved company and must have valid contract terms.

Once you are qualify for Stanbic IBTC Bank Salary Advance loan, you get the following benefits

1. A minimum loan amount of N20 000
2. You can choose to revolve your loan and re-use the re-paid amount
3. You can renew your revolving salary loan amount after

How to apply

To apply for Stanbic IBTC Bank Salary Advance loan, simply visit nearest Stanbic IBTC Branch OR Call 01 422 2222
or emailing


10. Union Bank of Nigeria

Union Bank of Nigeria offers FirstAdvance loan. An easy access to cash for payroll customers awaiting payment of their salaries.The product is meant for salary earners whose accounts are domiciled with FirstBank and have received regular salaries in the last six months or more.

The can accessible loan up to N500,000.00 subject to 50% of net average three months salary, whichever is lower. Salary account of borrower must be domiciled with FirstBank with 30 days tenor or next pay day —-The First Advance loan has 2.5%flat interest rate collected upfront, Management fee @ 1.0% flat and Credit Life Insurance @ 0.50%

How to Apply?

To apply for Firstbank salary Advance loan, kindly use FirstMobile App Or USSD CODE-*894*11# or *894#


11. Union Bank of Nigeria

UBA salary advance or payday loan is know as Click Credit,salary earner can loan up to 1 Million Naira in one minute at an interest rate of 24% annually (2% monthly) and payback easily over 12 months. No hidden charges.

To qualify for UBA Click Credit loan, you must have received your salary through UBA for the last 6 months .Accordly to the bank, your Confirmation status at your place of employment is not a requirement for the loan and No documents is required.

How to apply

To apply for UBA click credit, kindly dial *919*28# and follow the on screen message OR apply via digital platforms (Leo, UBA Internet Banking and Mobile Banking)

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12. Unity Bank

Unity Bank offer Salary Advance individuals in salaried employment. Customers with reliable and regular stream of cash inflows can access a variety of retail lending services that will allow them optimize their finances.

How to apply

To apply for Unity Bank Salary Advance, kindly visit any nearest branch to apply


13. Wema Bank

Wema Bank offer Salary Based Loan. ALAT, Africa’s first fully digital bank to support salary earners with instant loans. Salary earners will be able to receive a minimum of #50,000 and up to #4,000,000 within hours and will have between 3 to 24 months to pay back with only a 2% interest rate per month on a reducing balance basis.

How to apply

The process of getting Wema Bank salary-based loan is entirely online – on the ALAT app or web page – and begins with downloading the app from android or IOS apps store for new customers and a simple login with a click on the ‘Loan’ icon for ALAT registered customers on the ALAT app or web page.

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