Loan from Access Bank: How to Borrow Money, Conditions, and The USSD Code Option.


In Nigeria, getting a loan is unavoidable, whether it is from a family member or a business; practically everyone has a tale about needing a loan.

The Access Bank Loan is intended to meet the necessity that prompted your first request.

Loan Product Categories Offered by Access Bank

Loans for the Creative Sector: These loans from the Central Bank of Nigeria are intended to build capacity and create jobs for people and enterprises in sectors including fashion, information technology, film production and distribution, music, and so on.

The Lending Against Turnover (LATO) instant loan product is intended for non-salary account holders who have been doing business with the Bank for at least six months. This kind of loan is for 30 days and doesn't demand any collateral or paperwork from the recipient. Applying for this type of loan is simple with the Access Bank loan code: *901*11*1#. For loans in Nigeria, see the USSD code.

Personal loans: Through a salary administration solution, this category of loan aims to empower employees' needs. It is flexible and has a 36-month duration.

Salary Advance: Access Bank offers employees a compensation advance that allows them to access up to 100% of their net monthly salary. Through their Quick Bucks app or USSD code, you may easily apply for it without providing any paperwork or collateral. The person has three months to repay.

With the help of our loan simulator, you can now compare interest rates from various lenders and choose the best deal. Before committing, it's important to compare various loan offers in order to make an informed choice. With the help of our simulator, you can quickly compare loan offers from various lenders in less than 5 minutes, allowing you to choose the best financing option. Do it now.

Small Ticket Personal Loan: Access Bank would lend you up to 400% of your net monthly salary under this category of loan. This loan must be repaid in full within 12 months.

The W Power Loan from Access Bank fills the funding gap faced by female-owned enterprises. They have access to loans and credit options thanks to W Power Loan.

Advance for School Fees: As a parent or ward, you have the option of borrowing money to cover your ward's or child's tuition. You may also borrow money to pay for professional training programs and certificates with this kind of loan.

Device Finance is a loan program offered by Access Bank to assist you in financing the purchase of mobile devices.

Maternal Health Service Support (MHSS): This loan is intended to pay for operations connected to conception and reproduction.

Vehicle Financing: If you've been seeking for a convenient way to buy a new car, an Access Bank vehicle finance loan will provide you with the funds you need. Salary earners, SME proprietors, and corporate entities are all welcome. You have access to a large range of suppliers, and you have 48 months to repay the loan.

You may use our platform to quickly compare loans from several lenders, simplify the process, and guarantee that the choice you make is the right one for your circumstances. The greatest method to consider many advantages and disadvantages and decide accordingly is to do this.

Requirements for Bank Loans and How to Get a Loan

You must have a business plan or a statement of how much money you need for your company to qualify for the creative industry loan.

You require a phone number that is connected to your BVN and proof that you got a salary check in the previous month in order to be approved for the LATO loan, small ticket personal loan, and salary advance loan.

A completed application form, an employer confirmation form, a copy of your employment ID, your BVN (see how to check BVN), credit checks, and a letter of lien are required for a personal loan.

A firm must be owned by at least 50% women, have been in existence for at least a year, and employ at least two people to be eligible for a W power loan.

A properly completed application form, a duly accepted offer letter, a bill or invoice for school fees in the student's name, a valid ID card, and a recent utility bill from the previous three months are required in order to receive an advance for school costs.

How to Repay a Loan from Access Bank

When you borrow money from Access Bank, they will fully explain to you how to pay it back.

After approximately 30 days after receiving the majority of the merchandise, you will pay in monthly installments. To relieve you of the hassle of making frequent trips to your banks, this sum is automatically withdrawn from your account each month.

Not just Acess Bank finds this odd. The similar approach was used for loans from Zenith Bank and other institutions.

Questions and Answers

The following are typical queries regarding access to bank loans:

1. What follows the loan's approval?

Within 24 hours of your loan application being approved, you should get payment. However, depending on the bank or lender involved, this time frame could be longer. Additionally, before you can withdraw the money from some banks, you might need to furnish them with specific documentation.

When it comes to loan disbursements, Loanspotafrica continues to rank among the fastest because you can get your money shortly after the loan is approved.

2. What is the application fee for loans?

The percentage that lenders typically charge during the procedure is known as the loan application fee. Typically, the ranges are 0.1% to 5% or more. In an effort to draw in more consumers, most lenders now refrain from charging loan application costs. Platforms like loanspotafrica offer some of the greatest lending services available today and do not charge any fees for loan applications.

3. What will happen if I am unable to make a timely repayment?

Depending on your agreement, the specific penalty that results from failure to repay at the appointed period will vary. The penalties are often outlined in the loan terms and conditions and are implemented after a default. Most lenders either raise interest rates or liquidate collateral. On the due date, Access Bank automatically withdraws the required amount from your account.

The good news is that does not demand collateral and does not resort to using force to collect repayment after the deadline has passed. They operate a flexible repayment plan as a result, ensuring that you practically never miss the due date.


Get Bank has made it easier for Nigerians to access quick loans by offering a selection of lending solutions. They offer a variety of channels via which you may quickly get their loans and inquire about them to make things easy for you. Their Access Mobile App, Internet Banking, WhatsApp Banking, and QuickBucks App are just a few of their available outlets.

Additionally, you can access the Development Bank Loan by going directly to any Access bank location.

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