depositors

Polaris Bank says it has continued to disburse more funds to customers under its salary advance solution product.

A statement from the bank said it had disbursed more than N1bn to customers less than four months after introducing the SALAD product.

It stated, “Polaris Salary Advance enables employees to 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 all telecommunication networks, has helped many families secure short-term finance to meet their urgent needs which otherwise would have left them vulnerable.”