PayDay Loan

Every day is Payday with Diamond Payday Loan … A 30 day overdraft facility for salaried individuals
Life happens! The Payday loan (Diamond Salary Advance) enables you to access funds for emergencies that may arise between one payday and the next

It’s a convenient way to raise funds and is quickly accessible.



Repayment Period Up to 30 days/next payday

Maximum Tenure: 12 months (Facility is renewable after 12 months)

Pricing Competitive pricing with no hidden charges.
Loan Amount Minimum Amount: N100,000

Maximum Amount: N1,000,000

Obligor Limit: 50% of obligor's net monthly income


Requirements for a Diamond Payday Loan

  • Salary domiciliation with Diamond Bank for a minimum of 3 Months
  • Completed Retail Lending Application Form
  • Employment letter
  • Confirmation Letter and/or last Promotion Letter
  • Staff ID Card.
*Terms and Conditions apply.