How To Get A Loan From Providus Bank In Nigeria With Or Without Collateral in 2023
Providus bank is yet another commercial bank in Nigeria that allows individuals to borrow money for various reasons. If you’re a providus bank user, this article will serve as a guide to walk you through how to get a loan from providus bank in Nigeria with or without collateral.
Other things you need to know are also included in the article.
About Providus Bank
Providus Bank is a commercial bank that began its operation in Nigeria in recent times. It was established in 2016 as a successor to the former Sterling Bank’s investment banking division.
The bank had its headquarters in Lagos and has branches across Nigeria.
Before the bank finally became Providus bank in 2016, it went through several transformations and name changes before it finally became “Providus bank”.
Since its inception, Providus Bank has grown rapidly and has won several awards for its innovative banking solutions and customer service.
The bank has also expanded its product offerings to include digital banking solutions, such as internet banking and mobile banking, to make banking more convenient for its individual customers.
Providus Bank Loan Types
Providus Bank is a commercial bank in Nigeria that offers a variety of loan products to its customers like all other commercial banks I’ve written about.
The loan types are as follows:
Personal Loans
Providus bank personal loan is a type of loan that is designed to meet the financial needs of individuals.
The loan can be seamlessly used for any purpose, such as paying medical bills, payment of students’ school fees, funding a wedding, going on vacation and much more.
Business Loans
Providus Bank business loan is specifically meant to be spent on business, either for a start up and or for the procurement of business tools and equipment to help them grow and expand their operations.
This loan can simply be used for anything pertaining to business and not for household needs.
Mortgage Loans
Providus Bank offers mortgage loans to help individuals purchase assets e.g home. The bank offers competitive interest rates and flexible repayment terms.
Auto Loan
Auto loan is yet another kind of providus loan type that is primarily designed for the procurement of vehicles, this can be for personal/private vehicles or for other uses.
Salary Advance Loans
Salary advance loans is a short-term loan that is designed to help employees meet their immediate financial needs. The loan is usually repaid within 30 days.
Assets Acquisition Loans
This loan is meant for the acquisition of assets, this could be vehicles, machinery, tools and equipment.
Providus Bank Loan Requirements
Before we move further to learn how to get a loan from Providus bank in Nigeria, kindly check the following requirements:
- Valid means of identification (national ID card, passport, driver’s license)
- Proof of income (salary statement or business account statement)
- Proof of address (utility bill or tenancy agreement)
- Complete the loan application form
- Two passport photographs
- Bank statement for the last six months
- Proof of employment or business registration
However, It is highly important to note that Providus Bank may require additional documentation depending on the specific loan product and individual circumstances.
How To Get A Loan From Providus Bank In Nigeria With Or Without Collateral
Whether you need to apply for a loan with or without collateral, below is the primary process on how to get a loan from providus bank in Nigeria.
Determine The Type Of Loan You Need
As you can see, providus banks have various types of loan offers, each loan type has its own types of interest rate and repayment period. You just need to choose the one that suits your needs.
Check If You Meet The Loan Eligibility Criteria
If you have decided on the loan type you want, then you need to ensure that all requirements and eligibility are met.
Provide All The Required Documents
Before visiting the bank and applying for any type of loan, do ensure you provide all the required documents, this includes your means of identification, proof of address, bank statement, and others that may be required.
Apply For The Loan
Here, you are required to visit any of the providus bank branches near to and fill out a loan application form and submit it with the required documents.
Wait For Review & Reply
Providus Bank will review your loan application and make a decision.
If fortunately your loan is approved, the bank will disburse the loan amount to your account within the appropriate period.
Frequently Asked Questions On How To Get A Loan From Providus Bank In Nigeria Today
Here are some frequently asked questions about Providus Bank:
What kind of account does Providus bank offer?
Providus is a bank that offers a variety of accounts, including savings accounts, current accounts, domiciliary accounts, and fixed deposit accounts.
What’s the right way to open a Providus bank account?
To open an account with Providus Bank, visit any of their branches near you with valid means of identification, proof of address, and a passport photograph.
What is Providus bank internet banking platform?
The name of Providus bank’s internet banking platform is called ProvidusWeb.
It’s a platform that allows customers to access their accounts, transfer funds, pay bills, and perform other banking transactions online.
Does Providus bank have a mobile banking app?
Yes. It’s named “Providus Mobile”.
How do I get in touch with Providus bank customer service?
You can always get in touch with the bank customer care through their hotline-(070077684387) or email them at customercare@providusbank.com
