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Diamond Bank Introduces PayDay Loan

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Diamond Bank Plc, one of Nigeria’s leading retail banks, has introduced Payday Loan to ease the financial burden of customers

PayDay Loan is an instant salary advance service available to all customers who have their salary accounts in Diamond Bank.

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This initiative was originally an Access Bank Salary Advance Scheme that provides instant credit to its salaried customers and individuals whose salaries are processed through the electronic payment platform Remita.

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As a result of the soon-to-be finalized merger between Diamond Bank and Access Bank, the instant loan service has now been extended to Diamond Bank salary account holders.

PayDay Loan is a quick and accessible 24/7 service which does not require documentation, collateral and visits to the bank as the application can be done conveniently via *901*11# or www.mypayday.ng

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Access Bank Executive Director, Personal Banking Division, Victor Etuokwu, disclosed that “Customers are at the heart of our decision to create one of Nigeria’s leading banks. The combination of Access Bank and Diamond Bank will result in real benefits and that is why we have introduced the PayDay Loan scheme to Diamond Bank customers.

“Together, we will bring the power of banking to millions across Nigeria, focused on speed, service and security. We are determined to ensure that both Access Bank and Diamond Bank customers will experience no disruption to normal banking services while we join forces to create Nigeria and Africa’s largest retail bank by customers.”

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