Are you interested in learning how to borrow money from Access Bank? Have you ever been in a bind and required some additional cash to pay for unforeseen bills or take advantage of a great opportunity? You’re not alone, so don’t worry.
Life has a tendency to surprise us, and in those situations, Access Bank can help. Imagine having a friend in finance who is always willing to lend a hand when you most need it. Maybe you should submit a payday loan application.
How to Borrow Money from Access Bank
Keep on reading, as this site will point you to all the information you want regarding the loan from Access Bank Nigeria.
What is the Access Bank Loan Code?
*901*11# is the Access Bank loan code. Simply call this USSD code to submit an application for a loan, then follow the on-screen instructions to enter your personal information, pick the loan amount, and choose the loan term. Your loan will be handled once your request has been approved.
How to Be Eligible for an Access Bank Loan
You must fulfill certain eligibility requirements before you may use the Access loan code to apply for a loan from Access Bank. These consist of:
- At least 18 years of age is required.
- You must be in good standing with Access Bank.
- possess a means of support.
- An excellent credit history
You may now apply for an Access Bank loan on your phone if all of these prerequisites have been satisfied. Access Bank makes the loan application process simple and easy to understand. You may apply via the USSD code, Access Bank’s mobile app, website, or branches.
How to Borrow Money from Access Bank
Access Bank gives customers a range of borrowing choices. For these items, several application methods are needed. You may apply for a loan using your phone, by visiting any Access Bank location, or by completing a form on the bank’s website, depending on the type of loan you need.
One of the greatest bank loan services is provided by Access Bank to both people and companies in Nigeria. The good thing is that Access Bank does not require any collateral for lending, unlike conventional bank loans. Both the loan application and disbursement processes go quickly. Your account will be credited within minutes after submitting an application for a loan with Access Bank if accepted.
Remember that Access Bank provides a variety of loans. Therefore, not all loans from Access Bank are accessible through the USSD code. However, the fastest and simplest way to get a loan from the bank is to use the USSD code *901*11*1#. Additionally, access the mobile app and WhatsApp banking.
The following are the procedures necessary to obtain a loan from Access Bank using the loan USSD code:
- Step 1: On your Access Bank registered phone line, enter *901*11#. Airtel, MTN, Glo, or 9 Mobile.
- Step 2: If approved, you may choose the loan you want to take out.
- Step 3: Your 4-digit USSD PIN is here.
- Step 4: Accept the rules and regulations.
Finally, get a successful notification and a credit to your account.
How to Borrow Money from Access Bank Using the App
You may obtain a loan from Access Bank by utilizing the QuickBucks app in addition to the Access Bank phone loan code. The access bank lending app is called QuickBucks. You may quickly apply for loans with this app, just like you might with other Nigerian lending applications like PalmPay.
Follow the following steps to utilize this app for an Access Bank quick loan:
- Step 1: Quickbucks may be downloaded from your app store.
- Step 2: Your email address and phone number associated with your BVN
- Step 3: You’ll get an OTP through SMS for verification.
- Step 4: Create an app password (to be used to log onto the app) and PIN (to be used while transacting) after OTP confirmation.
- Step 5: Sign in to the app.
- Step 6: Select “Borrow” from the menu.
- Step 7: Put in how much you wish to borrow.
- Step 8: Select the tenor you like.
- Step 9: Fill out a loan application.
- Step 10: It will be deposited into your Access Bank account after it has been accepted.
It’s easy to apply for a loan using the Access Bank mobile app. By going to a bank location, you may also apply for an Access Bank loan. Keep reading to discover how.
How to Borrow Money from the Access Bank Branch
You may apply for an Access Bank loan in person at a bank branch in addition to utilizing the QuickBooks app and the Access Bank loan code. This is how to accomplish it:
- Step 1: Bring a legitimate form of identification and address verification to the closest Access Bank location.
- Step 2: Get a loan application from the customer care representative and inquire about their lending service.
- Step 3: Complete the application for the loan you wish to take out and submit it together with any other necessary paperwork, such as a utility bill, driver’s license, and passport.
- Step 4: If your loan application satisfies the criteria outlined in their lending policy, it will be examined and accepted. If not, they will need further documentation or inquiries from you before they can accept your application.
- Step 5: Once your loan is accepted, it will be disbursed into your account.
Before leaving the bank’s property, it’s crucial to obtain a copy of the loan agreement from the customer care representative.
Types of Access Bank Loans
Creative Sector Loan
The creative sector loan comes first. You must have a business plan or a declaration of how much money you require for your company in order to be eligible for this loan. This loan is ideal for people in the creative sector, such as fashion designers, singers, and painters, who want capital to expand their businesses.
Lending Against Turnover (LATO)
Customers with non-salary accounts who have been with the bank for at least six months are the target of this quick loan product. The receiver is not required to provide any documentation or security for this 30-day loan. By calling the Access Bank loan application code, *901*11*1#, you may submit an application for this kind of loan. See the USSD code for loans in Nigeria.
Salary Advance Loan
Employees have access to up to 100% of their net monthly pay through the salary advance loan. It has a three-month payback period and doesn’t require any paperwork or collateral. Make sure you have a steady source of income, link your phone number to your bank verification number (BVN), and you will soon receive the loan.
Small-Ticket Personal Loan
This loan gives you 400% of your monthly net salary with a loan term of around 12 months. You must have a phone number associated with your BVN in order to qualify for this loan, as well as documentation showing that you were paid last month.
W Power Loan
The W Power loan is ideal for female business owners searching for capital. The firm must be 50% owned by women, be running for at least a year, and employ at least two people in order to be eligible for this loan. This financing promotes Nigerian women-owned enterprises and aims to boost female entrepreneurs.
Advance for School Fees Loan
The Advance for School Fees Loan is the last option. A properly filled-out application form, a fully accepted offer letter, a bill or invoice for the student’s school expenses, a valid ID card, and a recent utility bill from the previous three months are required to apply for this loan. For parents who want money to cover their children’s school expenses, this loan is ideal. The sole loan product made available by Access Bank that may be applied for utilising the Access Bank loan code is the payday or personal loan.
Frequently Asked Questions
How much can I borrow from Access Bank?
The type of loan you are seeking and your qualifications will determine how much you are eligible to borrow from Access Bank. However, Access Bank offers personal loans up to N50,000.
Does Access Bank have a loan app?
Yes, QuickBooks is a lending app offered by Access Bank. To apply for a loan, you may download it from the Apple App Store or Google Play Store.
Can a student get a loan from Access Bank?
Yes, Access Bank does offer loans to students. However, individuals must satisfy the bank’s eligibility requirements and offer the supporting paperwork for their loan application.