As part of its merger benefits to customers, Diamond Bank, Nigeria’s leading retail Bank 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. This is service quick, convenient and does not require any paperwork, collateral or guarantor.

 PayDay Loan 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.

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

 

“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”. 

 

To request a PayDay Loan, customers who have their salary accounts in Diamond Bank should simply dial 90111# on their mobile phones and follow the prompts.

Diamond Bank closed at N2.50 in yesterday’s trading session on the Nigerian Stock Exchange (NSE).

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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