How To Apply For Fidelity Bank Payday Loan

Are you currently in a financial crunch and you need money urgently to sort out your urgent personal needs? We have good news for you. Fidelity Bank offers payday loans that act as bridge loans to cover urgent financial needs.

This payday loan is ideal for salary earners in the private and public sectors. Aside from the payday loan Fidelity Bank offers, the bank also provides the Easy Asset Leasing Scheme (FEALS) for the purchase of household goods, new cars, generators, inverters, computers, and much more.

For you to be quickly eligible for this fidelity bank loan your salary account must be domiciled with the bank. If you don’t have a domiciled salary account with the bank, you might still be eligible for the loan.

What Is A Payday Loan

Payday loans are a form of cash advance to help you pull through your next paycheck. They are among the most reasonably priced loans accessible, even though they are frequently for tiny sums.

This is a quick borrowing option for salaried individuals. You can borrow money with a payday loan at a low-interest rate against your upcoming salary.

How To Apply For Fidelity Bank Salary Advance/Payday Loan

To apply for this loan Simply dial *770*999# to access the bank’s digital Payday loan or CLICK HERE to chat with Ivy on Whatsapp.

Fidelity bank Payday Loan can also be accessed via the bank mobile app or internet banking.

You will be required to select the desired loan amount. The maximum amount you are eligible for is 50% of your net monthly salary subject to a maximum amount of N500,000.00

Please note that non-Fidelity bank customers whose salaries are processed via payroll companies like REMITA, Tenece, Veripay, e.t.c can access the loan by opening an account and dialing the USSD *770*08#

The loan repayment tenor is 30 days. However, a 4.5% fee is taken upfront which means that you must have some money in your account balance to cater for the 4.5% fee. You can self-liquidate by dialing *770*08# and selecting the pay loan option before the expiration of the loan tenor.

Eligibility and requirements for Fidelity Bank Payday Loan

• No documentation required
• Salary Account must be in Fidelity bank and be active for at least three (3) months.
• The customer must have a credit balance.
• A good credit rating

Please note that the following can affect your eligibility for the loan

• Phone number not linked to your account
• Evidence of non-receipt of salary in the past six(6) months
• Outstanding loan(s) in Fidelity bank or other banks
• Existing loan and if the monthly repayment is higher than your eligible amount.
• Bad credit rating

As a new Fidelity bank customer, you can apply for the loan by visiting the nearest Fidelity Bank Branch with your Passport Photograph, Valid ID, and Recent Utility bill (Electricity bill, etc.). Once this is done, you can dial the

USSD code *770*08#.

Your salary account is not domiciled with Fidelity Bank? No worries as long as your salary is processed via Remita, Tenece, E-transact, and veripay you can also apply for a payday loan. However, you need to open a Fidelity bank account for the loan to be disbursed.

Features of Fidelity Bank Payday Loan

• Tenor – up to 30 days
• Charge – 4.5% flat (Upfront)
• Minimum loan amount of N1,000.00
• Up to 50% of net monthly salary subject to a maximum of N500,000.00
• Pre-liquidation is allowed without penalty
• Domiciliation of salary & GSI