The Buy Now Pay Later product is a lifestyle financing scheme which enables employees whose salaries are domiciled with Polaris Bank purchase specific household/personal assets via short term financing with flexible repayments over 3-12 months.
Please note that this a Point Of Sale (POS) financing and is open to both Polaris and Non-Polaris Bank Salaried & Self – employed customers.
- Grand Square Superstores
Plot Y Mobolaji Johnson Ave., Ikeja, Lagos
8A Adetokunbo Ademola Street Victoria Island, Lagos
270 Muhammadu Buhari Way Central Area, Abuja
5 Bompai Road Fagge, Kano
25 Aba Road Port Harcourt
Surulere Store – AOS MallShop C34 Ground Floor, Adeniran Ogunsanya Shopping Mall Surulere.
Lekki Store – Novare Lekki MallShop J07, CNR-Lekki-Epe Expressway, Springville Road, Sangotedo.
Old NITEL Building, Sobo Arobiodu Street, off Mobolaji bank Anthony way, GRA Ikeja.
Alfred Rewane Road, opposite Ikoyi Registry, Lagos Nigeria.
Former NITEL Office, 22 Road Festac Town, Lagos Nigeria.
3. SIMS Nigeria Limited
No 6,Weathral Road Opposite DSTV Office Owerri IMO State
Lake View Estate,Eleganza Complex ,Lekki Ajah Express Behind Lavenida,Ajah Lagos(Blue Building)
224 Obafemi Awolowo Way, Oke Ado, Opposite Sao Filling Station, Ibadan.
Shop L99, Ikeja City Mall (Shoprite Alausa),Ikeja
No. 5, Kafi Street, Beside City Mall, Alausa, Ikeja, Lagos.
Plot 3004B, Rafiu Tinubu Babatunde Road, Apple Junction, Amuwo Odofin, Festac
14, Ijaiye Road, (Near KFC), Ogba
SIMS Nigeria limited, Lake View Estate,Eleganza Complex ,Lekki Ajah Express Behind Lavenida,Ajah Lagos(Blue Building)
- Visit vendor location
- Choose item of choice and obtain an invoice
- Dial *833*4*3# and input invoice number
- Follow the screen prompt to conclude request and go home with your item.
- Who can access this product?
- Employees whose salaries are domiciled in Polaris Bank
- Employees of Polaris Bank
2. What is the minimum and maximum amount that can be accessed?
- Minimum loan amount of ₦50,000.00
- Maximum loan amount of ₦1,000,000.00
- Eligible amount is subject to 33.3% of net monthly salary3
3. What is the maximum loan tenor?
- 12 months
4. What products can I buy using the Asset Finance?
- Household items sold by the partner vendors
5. What are the pricing conditions?
- Interest rate: 23.5%
- Management Fee: 1%
- Insurance: 0.5%
7. What is the equity contribution?
- There is no equity contribution. However, customer can choose to make an equity contribution of any amount.
9. How do I repay?
- Repayment is made monthly from:
- Customers salary