Standard Chartered Salary Overdraft Nigeria Flexible Personal Overdraft up to ₦1.8M with 24-Hour Approval

Standard Chartered Nigeria offers a salary overdraft tailored for salaried Nigerians who need fast, flexible access to cash. This overdraft line gives you a revolving limit up to ₦1.8M with 24-hour approval and interest charged only on the amount you actually use.

Flexible overdraft tailored to your payroll

The Standard Chartered salary overdraft links directly to your salary account, so qualified customers can overdraw up to ₦1.8M depending on salary level and credit profile. You keep full control: interest applies only to the utilized portion, making this overdraft cost-efficient for short-term cash needs.

Eligibility is straightforward for salaried workers in Nigeria—maintain a Standard Chartered salary account, a good credit history and a minimum salary threshold. The facility is revolving, so once approved you don’t need to reapply each month; it’s ready whenever a bill or emergency pops up.

Quick approval and simple access

One of the strongest selling points is speed: applications receive a decision within 24 hours, allowing you to access funds fast. You can withdraw via ATM, POS, online transfer or cheque, so the overdraft behaves like an extension of your everyday account.

Fees are transparent with interest calculated on a daily basis for the amount used; typical rates and late-charge rules are disclosed up front. This clarity helps you budget—only the borrowed portion attracts interest, reducing unnecessary charges on idle limits.

Security, repayment and local convenience

Standard Chartered enforces strong security measures aligned with Nigerian banking standards, including BVN checks and secure online banking. Repayment is simple: outstanding balances are cleared automatically when your salary hits the account, keeping your finances tidy and predictable.

The overdraft term is typically 12 months and renewable subject to account performance, so customers across Lagos, Abuja and beyond can rely on it as a recurring safety net. If salary is delayed beyond agreed timelines, late fees and interest apply, but credited funds immediately reduce the outstanding amount.

Why choose this overdraft in Nigeria

For salaried Nigerians looking for a dependable short-term lending solution, the Standard Chartered overdraft blends speed, flexibility and the convenience of pay-on-use interest. Whether it’s urgent medical bills, school fees or unexpected travel, the facility provides immediate relief without the commitment of a long-term loan.

Applying is easy through branches or the bank’s digital channels, and the product supports local realities—naira accounts, BVN verification and salary-led eligibility. If you want a manageable credit line that fits into everyday life in Nigeria, this salary overdraft is a smart option to consider.