Keystone Bank Loan Code

Last Updated on March 14, 2022

Keystone Bank Loan code: Borrowing money from Keystone Bank has come a long way, and they have introduced a new way to get a quick loan. You do not need to visit the nearest branch and provide documents before you can get a loan. In today’s guide, I will share with you the code you can use to borrow money from Keystone Bank with your phone.

Getting a loan in Nigeria is inevitable, whether it’s from a loved one or an institution; almost everyone probably has a story where they had to obtain a loan. The Keystone Bank loan is designed to finance that need which made you request for it in the first place.

Are you seeking the code to borrow money from Keystone Bank in Nigeria? You have come to the right place. In this article, I will share with you the code you can use to borrow money from Keystone Bank.

Table of Contents

The code to borrow money from Keystone Bank Nigeria is *7111#. You can access the code on your mobile phone number linked to your Keystone Bank account. Also, it is accessible from all networks in Nigeria, including GLO, MTN, Etisalat, 9mobile, and Airtel.

However, borrowing money from Keystone Bank through the USSD code is available to all Keystone Bank mobile banking customers. Before you can use the code to borrow money from Keystone Bank, you must activate their USSD banking service on your phone.

Take note that access to the Keystone Bank loan code is only available on your mobile phone number linked to your bank account.

Different Types of Keystone Bank Loans

Keystone Bank has a wide range of offers for getting a loan in Nigeria that suits personal and business needs. You might get confused in the process of choosing the right fit. For this reason, we have created this exhaustive list of every single Keystone Bank loan available and how you can get any one of them.

The types of loans you can borrow at Keystone Bank include:

Keystone Bank SALARY ADVANCE INSTANTA

Keystone Bank operates with best practices and offers leading solutions and services to its clients and associates who are salary earner and their salary account is domicile with the bank.

This loan facility allow salary earners access up to 30% of their net monthly salary as an overdraft.

According to keystone bank management, the product is also available to all Keystone Paytime Current Account customers.Hence depositors can access this facility all year with 30 days clean up cycle. Target Market: Salary Earners Tenor: Maximum of 30 Days.

Application requirement for Keystone Bnak Salary advance Loan

Completed Application Form
Completed Employee Status Inquiry/Employer’s
Confirmation Form
Evidence of Confirmation (Letter of Confirmation, Last promotion letter etc.)
Copy of Employment ID and valid means of identification
BVN
Credit checks
Letter of Lien/Set off
Bank account with the keystone bank

Keystone Bank SALARY BACKED LOAN

The loan facility provides short-Medium term loans of up to N5million for a maximum period of 48months. Product is designed for salaried employees in structured organizations whereby the employer (i.e. Counterparty) have been profiled and assessed to meet the bank’s Risk Asset Acceptance

Keystone Bank HOME ACQUSITION loan

Customers that is access to be AA rating can obtain this type of loan because it’s Accessible to Salary Earners and SMEs.

The Tenor of the loan depend on the following: Non-Salary Domiciliation(7years), Salary Domiciliation(10years) Equity Contribution: 20% for Salary Earners and 40% for self-employed

Customers from the following Locations can access home acquisition loan: Lagos, Abuja, Ibadan, Kano, Port-Harcourt, Jos, Warri, Ogun, Kaduna, Benin, Owerri, Yola, Bauchi, Ilorin, Enugu, Onitsha, Sokoto, Akure, Asaba respectively.

Keystone Bank AUTO LOAN

This kind of loan facilities is long term designed for Salary Earners and Self-Employed Individuals who desire to acquire automobiles (brand new vehicles only) of their choice for personal use.

There loan Tenor depend of the follow class of customers: Salary Earners(48mths); Entrepreneurs(36mths)

Keystone Bank EQUITY RELEASE

keystone bank Equity Release is a long term salary advance that is secured by legal mortgage of the occupied residential property. Only accessible to salary earners.

According to the bank, Tenor for the loan depend of the following: Salary Domiciliation (7years), Non-Salary Domiciliation(5years) Source of Repayment: Salary and allowances domiciled to Keystone Bank.

Where Salary is not domiciled with the Keystone Bank repayment shall be by NIBSS standing instruction Locations: Lagos, Abuja, Ibadan, Kano, Port-Harcourt, Jos, Warri, Ogun, Kaduna, Benin, Owerri, Yola, Bauchi, Ilorin, Enugu, Onitsha, Sokoto, Akure, Asaba

Keystone Bank ASSET FINANCE

Keystone bank consumer Finance loan is accessible to Salary Earners and Self-employed customers to part-finance the acquisition of brand new household assets from the Bank’s prequalified vendors.

According to the bank, target Market are meant for the following depositors: Salary Earners and Self-Employed Individuals
Loan tenor: 18 months

Keystone Bank CREATIVE INDUSTRY FINANCING INITIATIVE

This kind of loan facility was introduced by the Central Bank of Nigeria CBN in collaboration with the Bankers’ Committee to improve access to long-term and low interest financing (up to 10 years tenure and an interest rate of 9%) for entrepreneurs and investors in the Nigerian creative and Information Technology sub-sectors.

This was in realization of the role the identified sectors would play to promote job creation, reduce poverty and facilitate inclusive growth. CIFI can be accessed at Keystone Bank Limited.

If you are into the following field,Fashion, Information Technology, Movie and Music you could access up to N500 Million for your creative business.

Low Interest of 9% per annum
Flexible repayment plan spread over 10 years

Application requirement for CREATIVE INDUSTRY FINANCING INITIATIVE

Requirements:

Your business must be registered with Corporate Affairs Commission
You must have a Business Proposal
Your business must have a clean Credit Bureau Report with zero overdue obligations.
Your business must be in the creative industry
Your business must have a satisfactory CRMS report of owners, sponsors and directors.

How to Pay Back Keystone Bank Loan

When you receive a loan from Keystone Bank, they will duly inform you on how to repay the loan.

For most of the products, you will pay monthly installments after about 30days of receipt. This amount is automatically deducted from your account every month, to save you from the stress of visiting your banks.

This is not just peculiar to Keystone Bank. It is the same method adopted for Ecobank Loans, and so on.

Conclusion

Banking systems provide many new convenient features for customers, and Keystone Bank is no exception. They offer some of the best loans for its customers to assess, and their loan services are diversified, meaning there’s something for everyone.

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Keystone Bank Loan Code | How To Borrow Money From Keystone Bank