Access Bank loans are convenient loan options made available to aid you finance bills, fees, and business and personal needs.
With these loans, you can access the funds you require to take on projects and put plans into action. In cases of emergencies, these loans can save the day and put your mind to rest while you sort out what matters to you.
All Access Bank loans are available to its customers and non-customers (for some loans) and are curated to serve different needs. You will find loans that cater to salary advances, school fees, health services, vacations and more. In this guide, all the available Access Bank loans are provided with their requirements, features and interest rates.
Access Bank Loans
Below are the available Acces Bank loans with their requirements:
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- 1 Access Bank Personal Loans
- 2 Access Bank Payday Loans
- 3 Access Bank Salary Advance Loans
- 4 Access Bank Device Financing Loans
- 5 Access Bank Advance for School Fees Loans
- 6 Access Bank Vehicle Finance Loans
- 7 Access Bank Home Loans
- 8 Access Bank W Power Loans
- 9 Access Bank Maternal Health Service Support Loans
- 10 Access Bank Cash-Backed Loans
- 11 Access Bank Small Ticket Personal Loans
- 12 Access Bank Agent Loans
- 13 Access Bank Lending Against Turnover (LATO)
- 14 Access Bank Consumer Asset Lease
- 15 Access Bank Vacation Finance Loan
Access Bank Personal Loans
Limit
75% of Salary
Interest/m
5-15%
Tenor
36 months
Whatever you need, you can sort it out with a personal loan from Access bank. Applicable to customers with salary accounts, up to 75% of net annual salary is accessible via this fund for salary earners with terminal benefits lodged with the bank.
Customers without terminal benefits can receive loan amounts of up to 50% of their net annual salary. The tenure of this Access Bank loan is lengthy enough to cover the principal and interest with no hassle.
Requirements for Access Bank Personal Loan
- Completed application form
- Completed employee form
- Evidence of confirmation
- Valid ID and Employees ID
- BVN
-
Credit checks
-
Letter of set-off
Access Bank Personal Loan Application Channels
You can apply for this Access Bank loan through:
- Access Bank branch
Access Bank Payday Loans
Limit
75% of Salary
Interest/m
10-11%
Tenor
36 months
The great thing about Access Bank’s Payday Loan is that it services both salary and non-salary earners as well as non-Access Bank customers.
This loan is an instant-Access Bank loan that allows customers to be credited immediately after approval. this is the most convenient type of loan to access in emergency cases. Application for this loan does not entail any documentation or collateral by the bank.
Non-Access Bank customers will get an Access Bank account in which the loan will be credited. You can access this loan via USSD code, internet banking or mobile apps. The amount you are eligible for is displayed during the application. This amount is subject to at most 75% of the salary cap at N500,000. Non-salary earners will have eligible amounts displayed.
Requirements for Access Bank Payday Loan
- For salary earners, evidence of payment in the last month.
Access Bank Payday Loan Application Channels
You can apply for this Access Bank loan through:
- Access Bank USSD code *901*11#
- QuickBucks app/website
- Access Mobile App
- Access Internet Banking
Access Bank Salary Advance Loans
Limit
₦1 million
Interest/m
10%
Tenor
6 months
The name says it all. This is a type of Access Bank loan offered for salary earners with salary accounts lodged with Access Bank. Approved salary advance loan requests are credited within 24 hours.
This loan does not require documentation and can be accessed via any mobile device. Only accounts with salaries from N50,000 per month are eligible for 200% of the salary capped at N1,000,000. The repayment plan is 180 days from the date disbursed.
Requirements for Access Bank Salary Advance Loan
- Active salary count for at least 6 months
Access Bank Salary Advance Loan Application Channels
You can apply for this Access Bank loan through:
- USSD *901*11#
- QuickBucks app/website
Access Bank Device Financing Loans
Limit
50% of salary
Interest/m
5-15%
Tenor
12 months
Does your old device need an upgrade? Then this is a plan you will enjoy. Access Device Financing helps you purchase a device of your choice from its partners and pay it back within 12 months.
For MTN users, this device comes with free monthly airtime bundles for the first 12 months. Once you apply for this Access Bank loan and receive approval, you will receive a transaction code for your pickup.
To apply for this loan, download the QuickBucks app on your phone and follow these steps:
- Input your email and BVN
- Use OTP for verification then create a password
- Fill out the required details
- Select device finance
- Select the device of your choice
- Select ‘get this device’
- Wait for the transaction code and pickup details via email
Requirements for Access Bank Device Financing Loan
- Active salary count for at least 6 months
Access Bank Device Financing Loan Application Channels
You can apply for this Access Bank loan through:
- QuickBucks app/website
Access Bank Advance for School Fees Loans
Limit
₦5 million
Interest/m
5-15%
Tenor
12 months
To be able to sort out the needs of your loved ones, Access Bank offers loans to aid you through what matters the most. This is one of those loans. The Advance for School Fees allows you to give your child or ward uninterrupted education with short-term financial aid from the bank. It covers undergraduate and post-graduate studies and professional exams. You can get N5,000,000 in loans for this purpose.
The requirements for this Access Bank loan differ depending on whether you are an account holder with Access Bank or not.
The following are the breakdowns of the requirements:
Salary Accounts
- Completed application form
- Accepted offer letter
- School fees bill with student’s full name and the total amount
- Valid ID card and Utility bill (within the last 3 months)
Non Salary Accounts
- Completed application form
- Valid ID card
- One-year bank statement of corporate account
- CAC documents
- Recent utility bill
- Accepted offer letter
- School fees bill with student’s full name and the total amount
- Evidence of lien on treasury bill, fixed deposit on money on any market investment
- Receipt of acceptable guarantee
- Statement of the net worth of the guarantor
Once you download and fill out all necessary forms, send them alongside all the required documents to schoolfeesadvance @ accessbankplc.com. After the loan is processed and approved, it is disbursed to your account and immediately transferred to the school account.
Requirements for Access Bank Advance for School Fees Loan
- Active salary count for at least 6 months
Access Bank Advance for School Fees Loan Application Channels
You can apply for this Access Bank loan through:
- Any Access Bank branch
Access Bank Vehicle Finance Loans
Limit
50% of salary
Interest/m
1.4%
Tenor
48 months
Who wouldn’t love a car they could buy now and pay later for? That’s what Access Bank offers with its Vehicle Finance loan. Salary earners, SMEs and corporations can get vehicle finance with up to 48 months tenor.
SMEs or Business Enterprises requirements:
- One-year bank statement (other banks)
- Simple resolution
- Certificate of business registration
- Form of application for registration of business name
Incorporated Companies requirements:
- Board Resolution
- CAC 2, CAC 7 and certificate of incorporation
Requirements for Access Bank Vehicle Finance Loan
- Completed application form
- Credit checks
- Blank transfer of ownership form
- An accepted offer letter and term sheet
- Pro forma invoice from Bank’s approved vendors
- Copy of staff ID (individuals/salaried staff only)
Access Bank Vehicle Finance Loan Application Channels
You can apply for this Access Bank loan through:
- Any Access Bank branch
Access Bank Home Loans
Limit
50% of salary
Interest/m
5-15%
Tenor
10 years
Owning a home is everyone’s dream. Imagine having a roof over your head without the ever-fluctuating costs of renting. Now those dreams can come through with this Access Bank loan.
As a salary earner or business entrepreneur, you can now acquire completed properties as well as those under construction in Abuja, Lagos and Port Harcourt. What you need is a 30% equity contribution and other requirements fulfilled to get your dream house and pay over a maximum tenor of 10 years.
Requirements for Access Bank Home Loan
- Completed mortgage application form
- Employee status inquiry
- Letter of offer from the property seller
-
Title document of the property
-
Valuation report from Bank’s approved estate valuer
-
Credit checks
- Search report
-
30% equity contribution
Access Bank Home Loan Application Channels
You can apply for this Access Bank loan through:
- Any Access Bank branch
- QuickBucks app/website
Access Bank
W Power Loans
Limit
₦100 million
Interest/m
1.25%
Tenor
36 months
To empower a woman is to empower an entire community and Access Bank has something for that community. With more women emerging in many business spaces, the Bank has structured a loan change that helps their business to grow.
This Access Bank loan is available to women-owned businesses (or businesses with at least 50% female ownership) that are managed by women.
There are two loan types available for women in this category:
- Term Loan- for asset acquisition, purchase of machinery and equipment, infrastructure upgrades, and the like.
- Working Capital – this type can be used to settle day-to-day expenses and purchase raw materials.
Requirements for Access Bank W Power Loan
- Completed application form
- Minimum of 50% female ownership
- Minimum years of operation (see Tier list)
- Minimum number of staff (see Tier list)
- Minimum annual turnover (see Tier list)
- Credit checks
- Equity contribution
Access Bank W Power Loan Application Channels
You can apply for this Access Bank loan through:
- Any Access Bank branch
- QuickBucks app/website
Access Bank
Maternal Health Service Support Loans
Limit
₦1 million
Interest/m
5-15%
Tenor
12-36 months
The joy of a child in a home can sometimes be setback by certain circumstances such as decreased chances of conceiving. As technological advancements roll in solutions to solve these issues, it gets increasingly expensive for average families to afford such medical care.
Access bank responds to this plight by offering loans to cover health services such as IVF and ICIS procedures within and outside Nigeria to make it possible for families to afford the best care. There are over 30 state-of-the-art clinics and flight services that the bank partners with.
Requirements for Access Bank Maternal Health Service Support Loan
- Completed MHSS application form
- Domiciled salary or business account
- Copy of employment ID
- Valid ID
- Medical Bill
- BVN
- Credit checks
Access Bank Advance for Maternal Health Service Support Loan Application Channels
You can apply for this Access Bank loan through:
- Any Access Bank branch
- QuickBucks app/website
Access Bank
Cash-Backed Loans
Limit
85% of fixed deposit
Interest/m
5-15%
Tenor
12 months
Anyone with a fixed deposit account is eligible to apply for this loan. Imagine situations where you need to access your fixed deposit before its tenor, that is where this loan comes up. It gives up to 85% of the fixed deposit amount to the bank (capped at N10 million) which is disbursed immediately after the application is approved. The total amount you are eligible for will be displayed as you dial the USSD code for the loan application.
Requirements for Access Bank Cash Backed Loan
- Fixed deposit account with Access Bank
Access Bank Cash Backed Loan Application Channels
You can apply for this Access Bank loan through:
- Any Access Bank branch
Access Bank
Small Ticket Personal Loans
Limit
400% of salary
Interest/m
10% on reducing balance
Tenor
12 months
With the Small Ticket Personal Loan, you can receive up to 400% of your monthly salary to pay back within 12 months. This loan is available 24/7 so you can apply for it at any time and anywhere that you are. The interest rate runs on a reducing balance method where you are only charged a percentage of what the balance is per month. The loans are processed immediately and disbursed once approved.
Requirements for Access Bank Small Ticket Personal Loan
- Active salary account with Access Bank
- Minimum of N100,000 salary
Access Bank Small Ticket Personal Application Channels
You can apply for this Access Bank loan through:
- Dial *901*11*2#
Access Bank
Agent Loans
Limit
₦1 million
Interest/m
5-15%
Tenor
48 hours
Access CLOSA agents now have a way of ensuring sufficient funds are available for transactions at all times. Through this loan, an agent can access up to N1 million for the duration of 48 hours.
Requirements for Access Bank Agent Loan
- Active Access CLOSA Agent
Access Bank Agent Loan Application Channels
You can apply for this Access Bank loan through:
- CEVA app for Access CLOSA Agents
- QuickBucks app
- QuickBucks website
Access Bank
Lending Against Turnover (LATO)
Limit
₦300,000
Interest/m
2.2%
Tenor
90 days
LATO is an instant loan product available to non-salary account holders with Access Bank. This product avails you the opportunity to request a loan instantly even if you do not have a salary account.
It gives up to 20% of your monthly average turnover for the previous six months with a maximum of N300,000. As an instant loan, you only need to wait for approval, which usually takes less than 24 hours, after which the funds are disbursed to your account.
Requirements for Access Bank Lending Against Turnover
- Active Access Bank account for at least 6 months
Access Bank Lending Against Turnover Application Channels
You can apply for this Access Bank loan through:
- Dial *901*11#
- Access Mobile Money App
Access Bank
Consumer Asset Lease
Limit
₦5 million
Interest/m
5-15%
Tenor
24 months
To live a comfortable life, we need many essential appliances n various spaces. Some of these appliances are generators, inverters and other electronics. While a necessity, we cannot always have them at the same time.
Access Bank now provides a solution to helping you furnish your home, office or any other space with a flexible loan. This loan makes various products from an array of vendors available. Salary and business account holders with the bank can get up to N5 million worth of household items and appliances with no collateral.
Requirements for Access Bank Consumer Asset Lease
- Completed loan application form
- Valid ID
- Pro forma invoice from an approved vendor
- Credit check
- An accepted offer letter and term sheet
-
Board/Simple resolution
Access Bank Consumer Asset Lease Application Channels
You can apply for this Access Bank loan through:
- Any Access Bank branch
Access Bank
Vacation Finance Loan
Limit
₦5 million
Interest/m
5-15%
Tenor
12 months
For the long-awaited time off work to go on a vacation with loved ones or a solo trip, this short-term lending scheme is designed to cover part or all the expenses you need for a trip outside the country. Salaried account owners can access this loan to finance tickets, tours, hotel reservations and other expenses.
Requirements for Access Bank Vacation Finance Loan
- Quote from partner travel agent
- Completed application form
- Valid ID
- Work ID
Access Bank Vacation Finance Loan Application Channels
You can apply for this Access Bank loan through:
- Any Access Bank branch
Access Bank Loan Calculator
If you are feeling lucky, take some minutes to calculate how much you will pay back before applying for any using the below Access Bank loan calculator:
Access Bank Loan FAQs
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The loan options Access Bank gives are sufficient to cover every need you may have and provide you with better opportunities for the future.
If you prefer loans from other providers, they are also quite reasonable and can be worth a shot.Â
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