Parallex Bank Loan, Owner, USSD Code, Salary And Branches In Nigeria

Have you been searching online on how to borrow a loan from Parallex bank? You’re at the right place. This article features all you need to know about Parallex bank, including its USSD code, Salary, and Branches in Nigeria.

What Is Parallex Bank?

Parallex Bank is a Nigerian bank that was founded initially as a Microfinance Bank in 2008. The bank is headquartered in Lagos State and has branches in six other states in Nigeria.

Who Is the Owner of Parallex Bank?

The Board of Directors of Parallex bank consists of 6 reputable individuals and is presided over by Dr. Adeola Adejoke Phillips, who sets the overall corporate policy for the financial institution. The Board makes decisions on matters of policy in order to achieve the goals and objectives of the Company.

Parallex Bank Loan

When you want to take a loan from Parallex Bank, you will need to provide some personal information about yourself. This includes your name, marital status, national ID number, and occupation.

You will also need to provide your salary information, including your monthly income and your employer’s name and address.


The salary information you provide will be used to determine the loan amount you are eligible for. The more you earn, the more you can borrow.

What Are the Available Loans at Parallax Bank?

Parallax Bank offers a range of loans that can be tailored to suit your specific needs. The loans available include:

  • Home loans
  • Personal loans
  • Business loans
  • Education loans
  • Mortgage loans

The minimum amount you can borrow is ₦100,000, and the maximum loan amount is ₦10,000,000. The interest rate on all loans is 9.99% per annum.

What Are the Parallex Bank USSD Code and Salary?

At the time this article was being written, Parallex Bank had not yet chosen a USSD code for its banking services. You can utilize their online and mobile banking services in the interim.

Where Are the Branches of Parallex Bank Located in Nigeria?

The Head Office of Parallex Bank is located at GRA, Ikeja, Lagos State. There are various branches of the bank located in different states across Nigeria.


Some of these branches are:

  • Abuja Branch: Plot 105, Durumi District, Durumi, Abuja
  • Rivers State Branch: 41C Trans Amadi Industrial Layout, Port Harcourt, Rivers State.
  • Lagos Island Branch: 1261 Adeola Hopewell St, Victoria Island 106104, Lagos
  • Delta State Branch: GQVH+787, Enerhe 330102, Warri, Delta

Parallex Bank Salary Structure

The Parallex Bank pays N88,200 in salaries on average. Two Parallex Bank employees compiled this data. Team Lead, Direct Sales Agent, and Client Service Manager are among the positions.

How Do I Apply for a Loan From Parallex Bank?

If you’re interested in applying for a loan from Parallax Bank, the process is actually pretty simple. Just head to their website at Parallex and fill out the online application.

You’ll need to provide some basic information about yourself, including your name, address, phone number, email address, and date of birth. You’ll also need to provide some information about your employment situation, including your job title, employer, and salary.

Once you’ve submitted your application, a representative from Parallax Bank will contact you to discuss your options and help you choose the right loan for your needs.



In conclusion, Parallax Bank is a reliable bank with excellent customer service. The bank offers a variety of services such as loans, savings, and investments.

The bank also has a number of branches in different locations in Nigeria. You can get more information about the bank and its services by visiting the website at Parallex

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