Keystone Personal Loans: Everything You Need to Know

Need a dependable loan to pay for some urgent bills or put some money toward a big purchase? Keystone Bank, a well-known financial institution in Nigeria, provides a wide range of financial goods and services to meet the various needs of its clients. From the requirements for qualifying to the Keystone Bank code and the processes for loan distribution, this article will cover it all when it comes to Keystone Bank personal loans.

At present, Sigma Golf Riverbank Consortium owns Keystone Bank, a commercial bank that offers a broad range of services. The Central Bank of Nigeria (CBN) issued it a banking license in 2011 after it took over the deposit obligations and other assets of the defunct Bank PHB.

Keystone Personal Loans

Keystone Personal Loans allow workers to get a maximum amount of N10 million based on their monthly salary. The loan has a maximum repayment duration of 36 months.

Requirements

1. 1 passport photograph.
2. 6 months’ salary account bank statement.
3. Valid ID for each signatory (international passport, national driver’s license, national ID card).
4. Proof of Address.
5. Employment Letter.

FAQs About Keystone Personal Loans

What are Keystone Personal Loans?

Keystone Personal Loans are non-collateralized loans that may be used for many purposes, including but not limited to debt consolidation, home renovation, medical bills, education, or travel costs.

What are the lowest and maximum loan amounts available for borrowing with Keystone Personal Loans?

The smallest loan amount available from Keystone Personal Loans is N100,000, while the highest loan amount is N10 million. The loan amounts are contingent upon variables such as your income, creditworthiness, and ability to repay.

What is the duration of the loan or the time in which the loan must be repaid for Keystone Personal Loans?

The duration for repaying a Keystone Personal Loan is 12 months.

What is the current interest rate for Keystone Personal Loans in Nigeria?

Keystone Personal Loans have a monthly interest rate of 3%.

Is collateral required to receive a Keystone Personal Loan?

A Keystone Personal Loan does not need collateral for security. Loans are granted depending on your creditworthiness and capacity to repay.

What are the requirements for qualifying for Keystone Personal Loans in Nigeria?

The eligibility requirements may include variables such as age, income level, work position, and credit history. Fulfilling these requirements is crucial in order to be eligible for a Keystone Personal Loan.

In addition, it is essential that you possess a consistent and reliable stream of revenue, as well as a favorable ratio between your debt and income.

What is the USSD code for loan applications at Keystone Bank?

The code for Keystone Bank is *7111#.

What is the typical duration for loan approval for Keystone Personal Loans?

The duration of loan approval varies from a few minutes to about 24 hours after the submission of the loan application.

Which papers are required to apply for a Keystone Personal Loan in Nigeria?

The necessary documentation may include evidence of identification, evidence of earnings, bank statements, and more paperwork that substantiates your financial status.

What is the process for distributing the loan funds with Keystone Personal Loans?

The distribution of a loan usually takes the form of a single payment that is promptly sent into your bank account.

What is the process for making payments on a Keystone Personal Loan?

Direct deposit, the app, or an automated withdrawal from your bank account are all acceptable ways to make payments for a Keystone Personal Loan.

You have the liberty to choose the payment option that is most convenient for you. There is no penalty for paying more than the minimal amount or paying off your loan before the agreed-upon time.

How to Apply for a Keystone Personal Loan 

1. Select the option labeled ‘Keystone Bank’.

2. Peruse the material on the product page to get further details on the product.

3. Select the ‘Apply’ option to begin the application procedure.

4. Provide your personal information.

5. Present your application form for evaluation and handling.

6. Upon a successful assessment of your application, you will be sent an email message to confirm your application.