Standard Chartered Personal Overdraft Loan Nigeria, Instant Salary Overdraft up to ₦1.8m for Salaried Nigerians

Standard Chartered Personal Overdraft Loan Nigeria gives salaried Nigerians instant access to funds when life throws surprises. This salary overdraft is revolving, approved in 24 hours for eligible customers, and charges interest only on the amount you actually use. If you earn a monthly salary and keep it with Standard Chartered, this overdraft can cover shortfalls up to ₦1.8m.

Fast approval and flexible limits

Approval is typically within 24 hours, making the overdraft perfect for urgent bills, medical needs, or last-minute travel. Limits go up to ₦1.8m depending on your salary and credit history, with a common cap at 50% of net monthly pay.

The facility is revolving, so once set up you do not need to reapply each time. Interest is calculated on the utilised balance only, and repayment is automatic on payday, keeping your account neat and predictable.

Clear costs and straightforward eligibility

Typical charges include a monthly interest around 2% on the utilised amount and a late fee of 1% if unpaid after seven days. There are no maintenance fees or hidden per-transaction charges, which makes it cost-effective for short-term needs.

To qualify you need a Standard Chartered salary account, good credit bureau history, and a minimum monthly salary from ₦50,000, while applicants must be 21 or older. Having BVN and steady payroll credits speeds up processing.

Convenient access and secure management

You can draw on the overdraft via ATM withdrawals, POS, online transfers or cheque transactions, so cash is available where you are. The overdraft shows as part of your available balance, helping you avoid declined payments and embarrassing bounced cheques.

Security is taken seriously with Standard Chartered local protections and online controls. You can monitor usage through internet banking and the mobile app, set alerts for balances, and speak with the bank’s call centre or visit a branch if you need support.

Why choose a salary overdraft in Nigeria

A salary overdraft is ideal for short-term cash gaps without committing to long-term instalments. Compared with a personal instalment loan, the overdraft gives flexibility: it resets as you repay and only costs you when you use it, which suits Nigeria’s fast-moving expenses and seasonal cash flow.

Applying is easy: new customers typically receive the limit after the first salary credit, while existing salary account holders can request activation with quick documentation. To apply, visit the nearest branch, use the bank website, or call the local customer service for guidance.