How to get Access bank Loan

Do you own a business or want to start one. Access bank Loan as offers for you.

You’ve probably heard the old adage that you have to spend money to make money, and it’s true. If you want your business to grow, you have to be able to invest in the expenses of growth, like equipment, advertising, and property.

The problem is that managing all those costs in addition to the expense of running your business can be tricky, and paying upfront for your business needs is often impossible until your business sees more growth.

It’s a circular problem. You can’t grow unless you invest, but how can you invest in your business while keeping money in your business for operational costs?

The solution may be small business loan. While taking on debt can seem scary for small business owners, a loan can help you finance changes in your business that can result in a high return on your investment.

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Types of Access bank loan

Creative Sector Loan

The creative sector loan is a Central Bank of Nigeria initiative aimed at capacity building and employment creation for individuals and businesses currently into any of the following:

• Fashion
• Information Technology
• Movie Production
• Movie Distribution
• Music
• Software Engineering Student Loan

Benefits

• Low cost-single digit funding for your business
• Flexible structure and repayment plans
• Opportunity to achieve your long term business goals
• Excellent financial advisory service

How it works

• Prepare your business plan or statement on how much you want for your business.
• Go to any Access bank branch with the above mentioned document or apply online through our Creative sector loan portal
• Our Relationship officers will contact you for further discussion and process your loan request.
• The maximum interest rate of 9%per annum (all charges inclusive) is applicable on all loans.
• The repayment period is a maximum of:
  a) 3 years for Software Engineering Student Loans
  b) 10 years for Movie Production & Distribution, Fashion, Information Technology and Music

Eligibility Requirement

The eligibility requirements to access the loan are

• Business Plan
• Economic benefits
• 3 Years Financial Projections
• 3 years audited accounts for existing companies
• Statement of Affairs for start-ups and companies with less than 3 years of existence
• Copies of duly executed offer documents between the bank and loan applicants
• Certificate of Incorporation. R.C
• Brief on Directors
• BVN
• Tax Identification Number (TIN)
• Previous /Current Management Position
• Shareholding
• At least 2 Credit Reports for the company and each Director
• Proposed schedule of fund disbursement
• Proposed schedule of fund repayment
• CBN Intervention(s) which the project is Currently Benefiting from
• Outstanding Amount(s) in respect of 12 above
• Minimum Equity Contribution-30% of total project cost
• Provide evidence of any of the following:
  – Legal mortgage
  – All asset debenture
  – Personal Guarantee

Frequently Asked Questions

Q: What is the CBN Creative Industry Financing Initiative (CIFI)?

A: The Creative Industry Financing Initiative (CIFI) is an on-lending scheme developed by the CBN in collaboration with the Bankers’ Committee to boost job creation in Nigeria by providing loans at cheaper rates to the Fashion, Information Technology, Movie and Music sector.

Q: Who is eligible for this loan?

A: Businesses in the selected sector.

Q: What are the selected areas in the Movie Industry?

• Movie production
• Movie distribution – Cinemas
• Movie production – Equipment Financing

Q: What is the tenor for the product?

A: The tenor differs based on tiers but the maximum tenor is 10 years.

Q: What is interest rate on the product?
A: The interest rate is 9 % (all charges inclusive).

Q: How does one apply for the loan?
A: You can contact your Account Officer, Contact Centre or visit any Access Bank branch close to you.

Q: Can Non- Nigerian owned businesses benefit from this initiative?

A: No, it is for strictly 100% Nigerian owned businesses.

Q: Do I have to be a customer of Access Bank to benefit from this initiative?
A: No, a non-customer can also benefit from this initiative if they are willing to open an account with the bank and meet the requirements.

Q: Is there be a moratorium period for this initiative?
A: Yes

Q. What documents do I need to submit to the Bank in support of my application? 
A: Detailed business plan including financial plan, economic benefits and three years’ financial projections. This will also include proposed loan disbursement and repayment details.

Q: Do I need to submit audited accounts in support of my application?
A: Yes, 3 years audited accounts for existing companies and Statement of Affairs for start-ups and companies with less than 3 years of existence.

Q: Do I need to submit audited accounts in support of my application?
A: Yes, 3 years audited accounts for existing companies and Statement of Affairs for start-ups and companies with less than 3 years of existence.

Q: Can a borrower with a bad credit report apply?
A:  The borrower must have a clean/satisfactory credit history. At least 2 Credit Reports for the company and each director.

Q: What is the proposed security for the loans?
The security structure is designed to be flexible and include Legal Mortgage, All Assets Debenture and Personal Guarantee.

Q: What is the expected minimum equity contribution?

A:  The borrower will be required to make at least 30% equity contribution and evidence must be provided at the point of forwarding the application to the CBN.

Q: How do I prepare a business plan to meet the expected standard?
The Bank has made arrangements for consultants to assist our customers in preparing their business plans to meet the minimum standard at discounted rates.

Q: Will the loan be processed and approved by the Bank before forwarding to the CBN?
A: Yes, the loan has to be approved by the Bank before forwarding to the CBN. The application to the CBN will be accompanied by the complete loan documents including an offer letter executed by the customer issued by the Bank.

Interested in this the of Loan? Click this link and fill the form

Access Agent Loan

Access up to N1 million with Access Agent Lending.

Features

• 24/7 service which does not require visits to the Bank and application is done conveniently via QuickBucks
• Process 10 or more transactions a day to qualify
• No documentation required
• No collateral required
• 2days/48 hours tenor

FREQUENTLY ASKED QUESTIONS (FAQs)

What is Access Agent Loan?

It is an instant digital loan product which is targeted at Access CLOSA Agents to bridge liquidity and funding gaps.

Is there any penalty for not repaying the loan on time?

1% flat per month on all unpaid obligations.

What happens if my account is not funded for repayment on the due date?

The loan amount will be deducted from any inflow into the customer’s settlement account. Where the loan is past due, deduction will be made from any account linked to your BVN.

Can I request for early liquidation of my loan?

Customers are at liberty to pay off their loan at their convenience. Interested customers can self-liquidate their loans on QuickBucks, or customers can contact Access Bank on +234 700 300 0000 or +234 1 271 2005; send an e-mail to [email protected]; or visit any Access Bank branch to liquidate their loans

When is the Loan due for repayment?

Repayment shall be within 48-hours cycle

How many times can I request for a loan?

As many times as you may like, as long as you have not exceeded your eligible amount.

How long does it take to get a loan?

Once your loan request is successful, your Access Bank account is credited instantly. However, it may take up to 24 hours to process before disbursement into your account. In such an event, we will notify you of any delays.

What can affect my eligibility?

To be eligible for this loan, you are required Your eligibility will be affected by any of the following:

• If you have any outstanding loan(s) in Access Bank or other banks.
• If you apply using a phone number that is not linked to your BVN.
• If you have taken previous digital loans and exceeded your eligible amount.
• If you have an existing loan and the monthly repayment is higher than your eligible amount.

What is the tenor for the Access Agent Loan?

2-days/48-hours.

How do I request for an Access Agent Loan?

You can request for a loan through the CEVA mobile application for Access CLOSA Agents.

The Access Agent Loan product is also available on the QuickBucks platform, available online and through the QuickBucks mobile app:

• Download the QuickBucks on the Google Playstore or iOS App Store.
• Or click here to visit the QuickBucks website

Access More Mileage Loan

Get a brand new car for as low as ₦170,000 monthly.

Requirements

• Application Form
• Pro-forma Invoice in the name of “Access Bank Plc. / Customer”
• Valid means of identification
• Letter of Introduction (for salaried customers)
• Domiciliation of salary account with Access Bank (for salaried customers)
• Employer’s Confirmation and Undertaking Form (for salaried customers)
• Recent Pay Slips / Salary Bank Statement (for salaried customers)
• Recent 2-year audited/management account (for business owners)
• Bank Statements from other banks (for business owners)
• Personal Guarantee of a director of the company (for corporates only)
• Board Resolution (for corporates only)
• Fill the form below to get started and a member of our team will reach out to you.

Frequently Asked Questions (FAQs)

How do I get started?

Fill the interest form and a member of our team will reach out to you.

Who do I contact for more information?

For further enquires and inspection
Please call us on 01-2712005-7 or email – [email protected]
Location of cars for inspection – 20, Simbiat Abiola road, Ikeja , Lagos State.

Who keeps the original vehicle documents?

All original vehicle papers will be held by the bank until the expiration of the facility and completion of payment

Who can apply for this scheme?

All salary earners and business owners (with verifiable businesses).

What’s the interest rate and fee for this scheme?

• Interest rate is 18%
• Management fee: 1%
• Credit Life Insurance: 0.75%

How much equity contribution is required?

Required equity contribution is between 10%.

How long is this offer valid for?

Offer is valid till September 30, 2020.

Can a non-account holder apply?

Yes, however, they will be required to open an account first.

Is Insurance compulsory?

All Vehicles must be comprehensively insured.

Consumer Asset Lease Loan

Buy Now Pay Later with Consumer Asset Lease.

Get access to a wide range of electronics and household items and repay conveniently over a period of 24 months.

Financeable Assets

• Generators
• Inverters & batteries
• Solar Panels
• Laptops
• Electronics
• White goods
• ETC

Features

• Acquire various household items and equipment up to ₦5million
• Available to both salaried customers and business owners
• Repay conveniently over 24 months
• No additional collateral
• Wide range of vendors to choose from

Requirements

• Completed loan application form
• Means of identification
• Pro-forma invoice from an approved vendor in the name of Access Bank/Customer
• Credit checks
• Duly accepted offer letter & term sheet

Additional requirements for business owners

• Board/simple resolution

Cash-Backed Loan

Are you in need of cash urgently?
and the maturity on your investment with us is far away? This is where cash-backed lending comes in! You can access instant cash-backed loans by dialing the access bank loan code *901*11*2#

Can I pre-liquidate my Cash-Backed Loan?

Customers are at liberty to pay off their loan at their convenience. Interested customers should send an e-mail to [email protected] to liquidate their loans.

Does my account have to be in Access Bank before I can apply for a Cash-Backed Loan?

Yes, your account needs to be in Access Bank, and you need to have a qualifying investment with the Bank to be eligible.

How do I request for a Cash-Backed Loan?

You can request for a loan through the access bank loan code *901*11*2#.

How long does it take to get a loan?

Once your loan request is successful, your Access Bank account is credited instantly.

How many times can I request for a loan?

As many times as you may like, as long as you have not exceeded your eligible amount. It is however subject to a maximum of three disbursals per day.

How much can I get with Cash-Backed Loan?

The maximum amount (i.e. eligible amount) you can get is 85% of amount held as investment with the Bank. However, the maximum loan amount under this scheme is ₦10,000,000 (ten million naira only).

If you have multiple investments running, your eligibility calculation is based on the investment with the longest tenor.   

Your eligibility is displayed when you dial the short code to request for the loan.

What can affect my eligibility?

Your eligibility will be affected by any of the following:

1. If you do not have an existing qualifying investment in the Bank
2. If your existing investment is encumbered i.e. used as collateral for another loan.
3. If you have any outstanding loan(s) in Access Bank or other banks.
4. If you apply using a phone number that is not linked to your BVN.

What happens if my account is not funded for repayment on the due date?

The cash back loan amount will be recovered from any inflow into the customer’s account after the repayment due date and/or from the investment used as collateral.

What if I have other existing loans, can I still get a Cash-Backed Loan?

Yes, you can still get a Cash-Backed Loan subject to a maximum of 85% of the investment amount.

What is the Cash-Backed Loan?

It is an instant digital loan product which is targeted at Access Bank customers with qualifying Fixed Deposit investments in the Bank and who meet the Bank’s Risk Acceptance Criteria (RAC).

What is the tenor for the Cash-Backed Loan?

The loan tenor is flexible with a maximum tenor of 12-months.

When is the Cash-Backed Loan due for repayment?

Your Cash-Backed Loan will be due for repayment every 30 days from the date the loan was disbursed into your account until expiration of your selected loan tenor.

Please note that the loan will become automatically due upon pre-liquidation or maturity of your investment. The loan repayment amount will be automatically deducted from your account.

Device Finance Loan

Is it time to upgrade your mobile device? Finance your purchase with a contract arrangement that includes a monthly airtime bundle.

Features

• No collateral required
• Free airtime bundles with MTN
• Up to 12 months (12) term

Click here for terms and conditions.

Check Samsung Galaxy S22 Series terms and conditions here  

Also click here for Samsung Galaxy S22 Series FAQs.

Read the Key fact statement for this loan here

Eazy Buy Finance Scheme Loan

Get a brand new GAC GS3 or GAC GA4 at a low interest rate with the Easy Buy Finance Scheme.

Benefits

• Best pricings
• Spread repayment over a period of 48 months
• Interest rate at 15.5% p.a
• Easy application process
• Swift loan disbursement

Required Documents:

• Application Form
• Pro-forma Invoice in the name of “Access Bank Plc/Customer”
• Valid means of identification
• Letter of introduction (for salaried customers)
• Domiciliation of salary account with Access Bank (for salaried customers)
• Employer’s Confirmation and Undertaking Form (for salaried customers)
• Recent Pay Slips/Salary Bank Statement (for salaried customers)
• Recent 2-year audited/management account (for business owners)
• Bank Statements from other banks (for business owners)
• Personal Guarantee of a director of the company (for corporates only)
• Board Resolution (for corporates only)

Fill the form below to get started and a member of the team will reach out to you.

Lending Against Turnover Loan

Sometimes urgent financial needs may arise and you might be low on cash. This is where Lending Against Turnover (LATO) comes in. With LATO, you can get access to instant cash by dialling the access bank loan code *901*11#

Lending Against Turnover (LATO) is an instant loan product for non-salary account holders who have an existing banking relationship with the Bank for over six months.

Features

• 24/7 service which does not require visits to the bank and application is done conveniently via USSD code *901*11#
• No documentation required
• No collateral required
• 3months/90 days

Frequently Asked Questions (FAQs)

Can I pre-liquidate my Lending Against Turnover loan?

Customers are at liberty to pay off their loan at their convenience. Interested customers should contact Access Bank on +234 700 300 0000 or +234 1 271 2005; send an e-mail to [email protected]; or visit any Access Bank branch to liquidate their loans.

Does my account have to be in Access Bank before I can apply for a LATO loan?

Yes, your account needs to be in Access Bank and needs to be active for at least six (6) months.

How do I request for a LATO’s loan?

You can request for a Payday Loan through any of the following ways:

• Dial the access bank USSD code *901*11#
• Go to the Access Mobile App and select Loans & Investments

How long does it take to get a loan?

Once your loan request is successful, your Access Bank account is credited instantly. However, it may take up to 24 hours to process before disbursement into your account. In such an event, we will notify you of any delays

How much can I get with Lending Against Turnover loan?

The maximum amount (i.e. eligible amount) you can get is 20% of your monthly average turnover for six months, subject to a maximum of ₦300,000 and less any active loans at the Bank. Your eligibility is displayed when you request for the loan.

Is there any penalty for not repaying the loan on time?

Customers will face a 1% penal charge per month for defaulting on the loan from 31 days past due.

What are the rates/fee for Lending Against Turnover?

The interest rate for Lending Against Turnover is 6.5%. Other charges include a 1% management fee, and 0.5% credit life insurance, which are taken upfront.

What can affect my eligibility?

Your eligibility will be affected by any of the following:

1. If you have any outstanding loan(s) in Access Bank or other banks.
2. If you apply using a phone number that is not linked to your BVN.
3. If you have taken previous digital loan and exceeded your eligible amount.
4. If you have an existing loan and the monthly repayment is higher than your eligible amount.

What happens if my account is not funded for repayment on the due date?

The loan amount will be deducted from any inflow into the customer’s account. Where the loan us past due, deduction will be made from any account linked to your BVN.

What if I have other existing loans, can I still get a Lending Against Turnover loan?

Where you have existing loans, the equated monthly instalment (EMI)/ monthly repayment(s) will be used in calculating your eligible amount. Your eligibility amount will therefore be 20% of your average monthly turnover, less any EMI. If the monthly repayment is higher than your eligible amount, you will not be able to take a Lending Against Turnover loan.

What is the Lending Against Turnover (LATO) loan?

It is an instant digital loan product which is targeted at Access Bank individual customers who actively use their Access Bank account, subject to the Bank’s risk acceptance criteria (RAC).

What is the tenor for the Lending Against Turnover loan?

The loan tenor is 90 days (3 months).

When is the Lending Against Turnover loan due for repayment?

Your Lending Against Turnover loan will be due for repayment every month for a cycle of three (3) months tenor from the date the loan was disbursed into your account (anniversary date).

Click here for LATO Premium Loan FAQs.

Read the Key fact statement for this loan here

Click here to read the Key fact statement for LATO Premium.

Also click here for Terms & Conditions.

Personal Loan

Why wait on your dreams? Get funds to meet your personal and financial needs with our Personal Loan product. 

Features

• Flexibility to meet individual needs
• Loan amount up to 50% of net annual salary
• Up to 36 months tenure
• Credit life insurance

Requirements

• Completed application form
• Copy of employment ID and valid means of identification
• Credit checks
• Duly accepted offer letter and term sheet

Want to top-up your existing loan?

Customers with existing personal loans on salary accounts can get access to more funds when needed.  

To qualify:

• You must have paid down at least 50% of your existing facility.
• You must have not missed any repayment in the last six (6) months

The Nigerian Bar Association (NBA) Credit Scheme

Exciting loan offers for members of the Nigerian Bar Association. Enjoy single-digit interest rate with the Access Bank-NBA partnership.

• Loan tenor up to 24 months
• Interest rate @ 9%p.a. only
• Upfront fees: 1.5%
• Offer valid to NBA members with Access Bank accounts 

Documents required by Individual Lawyer

• Completed Personal loan application form.
• Customer must maintain account or be willing to open an account with Access Bank.
• Letter of no objection from Nigerian Bar Association
• Duly executed employer’s confirmation and undertaking
• Letter of lien & set-off
• Valid means of identification
• Confirmation/Promotion Letter
• Pay Slips
• Credit Check
• Irrevocable domiciliation of salary and entitlement from the employer.
• Receipt of one month salary
• Executed GSI mandate included on the offer letter.
• Provision of undated cheques covering 120% of the loan amount.
• Copy of Call to Bar License

Click here for NBA Credit Scheme FAQs

Interested in a Personal loan?

Click here to fill the form below

PayDay Loan

Sometimes emergencies arise before payday and you might be low on cash. This is where PayDay Loan comes in and you can get access to an instant loan by dialing *901*11*1# or via Internet Banking, WhatsApp Banking, Access Mobile App and QuickBucks App.

Payday Loan is an instant loan product for customers (both salary and non-salary earners). With Payday Loan, you can borrow money at low interest rate with no documentation or collateral needed.

Features

• 24/7 service which does not require visits to the bank and application is done conveniently via the access bank loan code *901*11*1# QuickBucks App, Internet Banking, Mobile App.
• No documentation required.
• No collateral required.
• Up to thirty-one (31) days tenor.

Advance for School Fees Loan

Are you in need of an affordable loan to cover educational expenses? Our Advance for School Fees, offers short term financing for tuition fees from pre-primary school to post-graduate study and even payment for professional certifications.

Features

• Interest rate @ 20% p.a.
• Management Fee: 1% only
• Spread repayment over a period of 4 to 6 months
• Easy remittance of fees to school
• Refinancing is available

Required Documents

• Completed loan application form
• Means of Identification
• Admission letter
• Tuition Bill
• Credit Checks
• Duly accepted offer letter & term sheet

How it works

• Download the attached forms and fill in with accurate information
• Append your electronic signature (don’t know how to go about it? Very easy! Simply download any scanner app on your phone, scan your signature and save as image. Copy and paste the image on the form.)
• Submit completed form and all required documents at your branch
• Loan is processed for approval
• Loan is approved and offer is communicated to you for acceptance
• Upon receipt of the executed offer letter and your meeting the conditions, the loan is disbursed into your account and payment is made to the school
• For refinancing, evidence of payment made will be required

Click here to get started

Salary Advance Loan

Access up to 200% of your net monthly salary and repay for 6 months with Salary Advance.

Features

• 24/7 service which does not require visits to the bank and application is done conveniently via QuickBucks App or the Access bank USSD code *901*11*1#
• No documentation required
• No collateral required
• Six (6) months tenor

Frequently Asked Questions

What is the Salary Advance (SADV) loan?

It is an instant digital loan product which is targeted at salary earners who meet the Bank’s Risk Acceptance Criteria (RAC).

How do I request for a Salary Advance Loan?

You can request for a Salary Advance Loan through any of the following ways:

• Dial the Access bank code *901*11*1#
• Download the QuickBucks App, available on Google Playstore or Apple App Store.

Does my salary account have to be in Access Bank before I can apply for Salary Advance loan? 

Yes, your account needs to be in Access Bank and needs to be active for at least three (3) months.

What is the tenor for the Salary Advance loan? 

Three (6) months/180 days.

How much can I get with Salary Advance loan?

The maximum amount (i.e. eligible amount) you can get is 200% of your monthly salary, less any active loans at the Bank. Your eligibility is displayed when you request for the loan.

What can affect my eligibility?

Your eligibility will be affected by any of the following:

1. If you have any outstanding loan(s) in Access Bank or other banks.
2. If you apply using a phone number that is not linked to your BVN.
3. If there is no evidence that you received salary payment in the previous month.
4. If you have taken previous digital loan and exceeded your eligible amount.
5. If you have an existing loan and the monthly repayment is higher than your eligible amount.

What if I have other existing loans, can I still get a Salary Advance loan?

Where you have existing loans, the equated monthly instalment (EMI)/ monthly repayment(s) will be used in calculating your eligible amount. Your eligibility amount will therefore be 200% of your monthly salary, less any EMI. If the monthly repayment is higher than your eligible amount, you will not be able to take a Salary Loan.

How long does it take to get a loan?

Once your loan request is successful, your Access Bank account is credited immediately.

How many times can I request for a loan?

As many times as you may like, as long as you have not exceeded your eligible amount.

When is the Salary Advance loan due for repayment?

Your Salary Advance loan will be repayment in three monthly instalments every 30 days from the day the loan was taken, and the repayment amount will be automatically deducted from your account.

What are the rates/fee for Salary Advance? 

The interest rate for Salary Advance is 5.4% on reducing balance. Other charges include a 1% management fee, and 0.7% credit life insurance, which are taken upfront.

Can I pre-liquidate my Salary Advance loan?

Yes; log on to your QuickBucks app/Web. You can also send an e-mail to [email protected] to liquidate your loans.

What happens if my account is not funded for repayment on the due date?

The loan amount will be deducted from any account linked to your BVN.

How much salary should I earn to be eligible for Salary Advance loan? 

To be eligible for Salary Advance, you must earn a minimum  ₦50,000.

Click here for terms and conditions.

Read the Key fact statement for this loan here

Small Ticket Personal Loans

Access up to 400% of your net monthly salary and repay for 12 months with Small Ticket Personal Loans.

Features

• 24/7 service which does not require visits to the bank and application is done conveniently via QuickBucks App or Access bank code *901*11*1#
• No documentation required
• No collateral required
• Twelve (12) months tenor

Frequently Asked Questions

When is the Small Ticket Personal Loan due for repayment?

Your STPL will be repayment in twelve monthly instalments every 30 days from the day the loan was taken, and the repayment amount will be automatically deducted from your account.

What is the tenor for Small Ticket Personal Loan? 

(12) months/360 days.

What is the Small Ticket Personal Loan?

It is an instant digital loan product which is targeted at salary earners who meet the Bank’s risk acceptance criteria (RAC).

What is the interest rate for Small Ticket Personal Loan? 

The interest rate for Salary Advance is 5.2% on reducing balance. Other charges include a 1% management fee, and 1% credit life insurance, which are taken upfront.

What if I have other existing loans, can I still get a Small Ticket Personal Loan?

Where you have existing loans, the equated monthly instalment (EMI)/ monthly repayment(s) will be used in calculating your eligible amount. Your eligibility amount will therefore be 400% of your monthly salary, less any EMI. If the monthly repayment is higher than your eligible amount, you will not be able to take a Small Ticket Personal Loan.

What happens if my account is not funded for repayment on the due date?

The loan amount will be deducted from any inflow into the customer’s account. Where the loan us past due, deduction will be made from any account linked to your BVN.

What can affect my eligibility?

Your eligibility will be affected by any of the following:

1. If you have any outstanding loan(s) in Access Bank or other banks.
2. If you apply using a phone number that is not linked to your BVN.
3. If there is no evidence that you received salary payment in the previous month.
4. If you have taken previous digital loan and exceeded your eligible amount.
5. If you have an existing loan and the monthly repayment is higher than your eligible amount.

Is there any penalty for not repaying the loan on time?

Customers will face a 1% penal charge per month for defaulting on the loan from 31 days past due.

How much salary should I earn to be eligible for Small Ticket Personal Loan?

To be eligible for Small Ticket Personal Loan, you must earn a minimum salary of ₦100,000.

How much can I get with Small Ticket Personal Loan?

The maximum amount (i.e. eligible amount) you can get is 400% of your monthly salary, less any active loans at the Bank; subject to ₦2,000,000 disbursement cap. Your eligibility is displayed when you request for the loan.

How many times can I request for a loan?

As many times as you may like, as long as you have not exceeded your eligible amount.

How long does it take to get a loan?

Once your loan request is successful, your Access Bank account is credited instantly. However, in some rare cases, it may take up to 24 hours to process before disbursement into your account. In such an event, we will notify you of any delays.

How do I request for a Small Ticket Personal Loan?

You can request for a Small Ticket Personal Loan through any of the following ways:

• Dial the Access bank USSD code *901*11#
• QuickBucks
  • Download the QuickBucks app, available on the Google Playstore or iOS App Store.
  • Or click here to visit the website

Does my salary account have to be in Access Bank before I can apply for a Small Ticket Personal Loan? 

Yes, your account needs to be in Access Bank and needs to be active for at least six (6) months

Can I pre-liquidate my Small Ticket Personal Loan?

Customers are at liberty to pay off their loan at their convenience. Interested customers should contact Access Bank on +234 700 300 0000 or +234 1 271 2005; send an e-mail to [email protected]; or visit any Access Bank branch to liquidate their loans.

Click here for terms and conditions.

Read the Key fact statement for this loan here

AutoClub by Access Loan

Introducing AutoClub by Access, your one stop shop designed to meet all your automobile needs!

Now you can access our exclusive auto services from vehicle purchase, maintenance, usage to disposal, and so much more.

Fill the interest form to Get Started!

Benefits

• Pre-owned and brand new vehicle purchase financing
• Access to a wide range of auto dealers
• Vehicle re-financing for pre-owned cars
• Highly competitive interest rates
• Access to a wide range of vehicle brands and models

Owning a vehicle has never been this easy!

Vehicle Finance

Acquire new and pre-owned vehicles in a financially convenient manner.

Features

• Open to salaried income persons, SMEs and Corporates
• Equity contribution as low as 10% of invoice value
• Interest rate as low as 17% p.a.
• Management fee @ 1% (one-off)
• Up to 48 months tenor
• Wide variety of vendors to choose from

General Requirements

• Completed application form
• Pro forma invoice from any of the Bank’s approved vendors addressed “Access Bank/Customer’s name”
• Credit Checks
• Blank transfer of ownership Form
• Vehicle Inspection report & agreement (Pre-owned vehicles only)
• Duly accepted offer letter & term sheet

Additional requirements for Salaried income persons

• Copy of Staff ID 

Requirements for Business Enterprises

• One (1) year bank statements (other banks)
• Simple Resolution
• Certificate of business registration & Form of application of registration of business name

Additional Document for Business Enterprises

• One (1) year bank statements (other banks)
• Simple Resolution
• Certificate of business registration & Form of application of registration of business name

Additional Document for Incorporated Companies

• Board Resolution
• CAC documents (CAC 2, CAC 7, Certificate of Incorporation)
• Personal guarantee and notarised statement of net worth of a director

Home Loans

Mortgage product is designed to provide financial support for the acquisition of new properties or refinancing of existing properties. 

Features

• Available to salary earners and business entrepreneurs
• Available for properties in Lagos, Abuja, Port Harcourt & all state capitals
• Minimum of 20% equity contribution
• Up to 20 years tenor
• Asset protection & Credit life insurance

Requirements

• Completed loan application form
• Means of Identification
• Credit Checks
• Search report
• Charting report
• Property valuation report
• Duly accepted offer letter & term sheet
  

Maternal Health Service Support (MHSS)

Did you know that 1 out of 4 families in Nigeria face the challenge of infertility? 
 
In recent times, the acceptance of assisted reproductive techniques by more families have increased their chances of conceiving. Having a fertility treatment is quite expensive for even middle-class families in Nigeria and in some cases, families may have to go through multiple treatments before getting their desired result which may lead to cash strapped situations if not properly planned for. Also, the rising costs attached with having a successful fertility treatment (e.g. IVF, ICSI etc.) stem from the need to undergo multiple cycles depending on the outcome. 
 
In response to this plight and to ease the financial burden on families, Access Bank offers a Maternal Health Service Support (MHSS) Loan under the W Initiative that covers medical procedures (local and international) for women. MHSS has financed 102+ fertility-related procedures and recorded successful births of 50+ healthy babies to thankful families. 
 
In addition to Fertility Treatments and Natal Support (local and International), the following specialized procedures are also covered under MHSS; Hysterectomy, Myomectomy, Dental, Orthopedic, Bariatric (weight loss procedures) etc.

Features

• No Loan Fees
• Highly subsidized interest rate
• Flexible repayment plan
• Access to over 30 well-renowned fertility clinics and birth travel service companies in Nigeria.

Required Documents

• Loan Application Form
• Confirmation Letter or Promotion Letter
• Letter of Authority or Irrevocable letter of Domicliation Invoice from the hospital
• Credit Checks
• Means of Identification
• Salary bank statement/Payslips (New to bank customers)

Additional Documents for Drawdown

• Offer letter
• Executed Term sheet
• Letter of Lien/Set-off
• Document Attestation
• Standing instruction for renewal of Credit life insurance

To ensure IVF treatments are more accessible, we have partnered with a health management company to provide 30% cash back on unsuccessful IVF procedures.

To learn more, click here for the FAQs 

Click here to learn more

W Power Loan

An African proverb says, “if you strike a woman, you strike a rock”, reminding us of the power of women. That’s why we’ve created the W Power Loan, designed to close the financing gap for female owned businesses by providing access to loans and credit facilities.

Loans are granted in two broad areas:
Term Loan: meant for asset acquisition and infrastructure upgrades, use this loan to buy machinery, equipment and all other fixed assets needed for your business.

Working Capital: use this loan to purchase raw materials or settle other daily operating expenses of the business.

Plus, depending on your type of business and its risk rating, you could access up to 100million naira (One Hundred Million Naira) in loans.

Keep in mind, this loan is only available to women-owned businesses (at least 50% female ownership), managed by a woman.

• The business must have been in operation for at least a year.

Other Terms and Conditions, including credit checks may apply.

To learn more about the W Power Loan, click here for FAQs or call access bank customer care number 01-2273005.

What you need to get started

• Loan Application Form
• Valuation report
• One (1) year bank statement
• Credit checks
• CAC documents
• Valid means of identification
• BVN validation page of directors/proprietor
• BOQ (for project related transactions)
• Credible Guarantor form and notarised statement of net worth

Additional documents for Drawdown

• Domiciliation Letter
• Simple resolution (Business enterprises) or Board resolution (Corporate)
• Evidence of Insurance cover and Credit life insurance
• Offer letter
• Executed Term sheet
• KYC
• Credit Checks
• Advisory mandate letter
• Direct debit mandate
• Standing instruction to renew credit life insurance

Click HERE to download W Power Loan application form.

In our next article, we would be listing loans in nigeria without collateral requirements.