Five types of loans you can get on VULTe

The number of financial institutions offering loans has skyrocketed in recent years. But with VULTe, the application process is straightforward and the requirements are manageable.

Polaris Bank’s VULTe is a digital bank that provides interesting products and features to individuals and SMEs to enhance their banking experience. Some of the loans available on VULTe are listed below:

• Term loan: Borrow up to N20 million to build your company, with payments stretched out over a maximum of 24 months.
• You can use this service to overdraw your account up to N20 million to cover unexpected business expenses.
• Auto Loan: to buy a personal vehicle and travel in luxury and style
• Polaris Salary Advance: for wage employees to take care of urgent necessities before payday.
• Polaris Lite loans: These assist you in meeting personal expenses like medical costs, tuition, and other costs.

Additionally, by utilizing VULTe, you delight in the following captivating experiences:

• No trips to the bank Without having to go to a branch, you can start and finish your banking on VULTe.
• There is absolutely no need for collateral. You are not required to submit any property, including real estate documents, as security when applying for a loan.
• Paperwork is not required. There is no paper paperwork to print, sign, post, or process in the loan application.
• It is simple to use across all platforms (android, IOS, and the web).
• Utilize your mobile devices to easily apply for loans and receive an approval within minutes.

Both new and existing clients can use VULTe. Visit www.vulte.ng or download the VULTe Digital Bank app for your Android or iOS device to get started.

Weekly Stock Market Report: The Nigerian Stock Exchange rises by 0.98%

The All-Share Index increased by 0.89% in the week ending December 16th, 2022, leading to a bullish weekend for the Nigerian stock market. This comes after the previous week’s 1.51% gain.

This is in accordance with the data shown in the Nigerian Exchange Group’s weekly stock market report.

The benchmark index, ASI, gained 0.89% from the 48,881.93 points it had at the conclusion of the previous week to conclude the week at 49,316.29 index points. The market capitalization also increased, ending the week at N26.861 trillion.

This results in a negative 3.48% month-to-date performance and a 15.45% year-to-date gain for the Nigerian stock market.

Performance of the stock market

Over the course of the week, 15,488 transactions involving 814.089 million shares worth N12.204 billion were completed on The Exchange’s trading floor. This is more than the 19,305 transactions for 1.225 billion shares valued at N15.243 billion that took place the week prior.

The Financial Services Industry dominated the activity chart in terms of share volume traded, trading 663.799 million shares for N5.517 billion in 7,240 deals, which contributed 81.54% and 45.21%, respectively, to the overall stock turnover volume and value.

The Consumer Goods sector came in third with a turnover of 27.372 million shares worth N1.187 billion in 3,051 trades, followed by the ICT sector with 44.358 million shares worth N4.493 million in 1,136 deals.

The top three stocks by volume, STERLN, ACCESSCORP, and GTCO, had 394.878 million shares traded for N2.847 billion in 2,274 deals, making up 48.51% and 23.33%, respectively, of the total equity turnover volume and value.

Similar to this, 16 indexes ended the trading week ahead while 3 indexes declined.

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