Polaris bank introduces VULTe to enhance loan  acquisition 

By  Cynthia Ezekwe

In a bid to curb the daunting processes individuals and entrepreneurs undergo to acquire loans, Polaris Bank has introduced VULTe digital bank to make the process hassle free.

A  statement by  Polaris bank, explained that  VULTe is  a digital bank  created to  offer individuals and SMEs unique features and opportunities  to improve their banking experience.

According to the statement, the digital bank offers five categories of loan, which aims at providing amazing customer experience, without stress.

The categories include-

*Term loan,which offers up to N20 million to those that want to  expand their  business, and spread payment over up to 24 months.

*Overdraft loan-This provides a facility that allows an individual  to overdraw an account up to N20m to take care of business emergencies;

*Auto loan- This enables customers to purchase a personal car and commute in style and comfort;

*Polaris Salary Advance- It allows salary earners to attend to needs that could not wait till payday.

Polaris Lite loans- Help to take care of personal needs such as medical bills, school fees among others.

The statement by the bank also disclosed that  benefits of using VULTe includes carrying out transactions on VULTe, without any collateral in form of real estate documents, or properties or the need  to visit any bank branch.

It further noted that printing, signing, posting, or processing of paper documents is not required for  the loan application.

The VULTe app, the statement disclosed, can be accessed by all devices as well as the web, and approval will be given without delay.