ACCESS BANK LOAN CODE 2023: This post contains every single detail on how to borrow money from Access bank.
Are you an Access Bank account holder in need of a quick loan? The Access Bank loan service got you covered.
Although online lenders are the most popular loan service in Nigeria now, Bank loans still remain one of the best and most reliable loan services. This is because they come with low-interest rates, and little to no disturbance like shark loan apps do.
Access Bank offers one of the best bank loan services in Nigeria, both for businesses and individuals. The cool thing is that, unlike traditional bank loans, you don’t need any collateral to get loans from Access Bank.
That’s not all, but with just your phone, you can dial the Access Bank quick loan code and get your loan disbursed into your account in minutes.
Whether you’re looking for the code to borrow money from Access Bank, how to get loan from Access bank using your phone, or how to apply for Access Bank loan at a bank branch, we’ve got you covered.
In this post, you’ll discover how to be eligible for the loan, how to apply, its interest rate, and also how to repay Access Bank loans.
Without further ado, let’s get started!
About Access Bank Loan
Access Bank is one of the largest financial institutions in Nigeria, with a wide range of products and services to meet the needs of its customers.
One of the most sought-after services from Access Bank is its loan facility, which is designed to provide financial assistance to individuals and businesses.
Just like popular online loan apps in Nigeria, using the Access Bank loan code to apply for loans from Access bank doesn’t require collateral or a guarantor.
The loan application process is fast, so as is the disbursal process too. Within just minutes of applying for a loan from Access bank, your account will be credited if approved.
Keep in mind that Access Bank offers different types of loans. That means not all Access bank loans can be accessed through USSD code.
Read Also: Opay Loan: How to Borrow Money from Opay
What is the Access Bank Loan Code?
The Access Bank loan code is *901*11#. To apply for a loan, simply dial this USSD code and follow the prompts to provide your personal details, choose the loan amount, and select the loan tenure. After confirming your request, your loan will be processed.
After using the code for Access Bank loan provided above, your loan application will be reviewed, and if approved the loan will be disbursed into your Access Bank account.
Types of Loans Offered By Access Bank
Access Bank offers a variety of loans to its customers, including:
1. Creative Sector Loan
First up, we have the creative sector loan. To qualify for this loan, you need to have a business plan or a statement of how much you need for your business.
This loan is perfect for those in the creative industry, such as fashion designers, artists, and musicians, who need funding to take their business to the next level.
2. Lending Against Turnover (LATO)
Next on the list is the LATO loan. To secure this loan, you need a phone number that is linked to your BVN and evidence that you received a salary payment in the previous month.
This loan is perfect for those who need a quick cash injection to meet urgent personal needs.
3. Personal Loans
Moving on to Personal Loans, you’ll need a completed application form, a completed employer’s confirmation form, a copy of your employment ID, BVN (see how to check BVN), credit checks, and a letter of lien.
These loans are suitable for those who need funds to meet personal needs, such as paying medical bills or going on vacation. You can apply for this loan using the loan code for Access Bank.
4. Salary Advance Loan
The Salary Advance Loan provides employees with access to up to 100% of their net monthly salary. It requires no documentation or collateral, and the repayment period is 3 months.
You can easily apply for this loan using the code for Access Bank loan.
5. Small Ticket Personal Loan
With about 12 months loan tenor, this loan offers 400% of your monthly net salary. To secure this loan, you need a phone number that is linked to your BVN and evidence that you received salary payment in the previous month
6. W Power Loan
If you’re a female entrepreneur looking for funding, the W Power loan is perfect for you. To access this loan, the business must be 50% female-owned, must have been in operation for a minimum of 1 year, and have a minimum staff strength of 2 people.
This loan is designed to empower female entrepreneurs and supports women-led businesses in Nigeria.
7. Advance for School Fees
Lastly, we have the Advance for School Fees Loan. To apply for this loan, you need a duly completed application form, a duly accepted offer letter, a school fees bill/invoice in the name of the student, a valid ID card, and a recent utility bill from the last 3 months.
This loan is perfect for parents who need funding to pay their children’s school fees.
Among all the loan types offered by Access Bank, the Payday or Personal loan is the only one that can be applied for using the Access Bank loan code.
Before showing you the code, let’s see how to be eligible for the loan.
How to Be Eligible for Access Bank Loan
Before you can use the Access loan code to apply for a loan from Access Bank, you must meet certain eligibility criteria. These include.
- You must be at least 18 years old
- You must have an active account with Access Bank
- Have a source of income
- Have a good credit history
Once all these requirements are met, you can now apply for Access Bank loan on your phone.
Applying for a loan from Access Bank is easy and straightforward. You can apply via USSD code, Access Bank Mobile App, Access Bank Website, or Access Bank Branches.
From the USSD code to get loan from Access Bank, let’s see how to apply for Access Bank instant loan.
Read Also: List of USSD Codes for Loans in Nigeria
How to Borrow Money from Access Bank Using App (QuickBucks)
Apart from using the Access Bank phone loan code to borrow money from Access Bank, you can also use the QuickBucks app to get a loan.
The QuickBucks app is the access bank loan app. With this app, you can easily get loans just like using other Nigerian loan apps such as PalmPay to apply for a loan.
To use this app for Access bank instant loan, follow the steps below.
- Download Quickbucks from your app store.
- Enter your email address and BVN linked phone number
- An OTP will be sent to you via SMS for verification
- Upon OTP validation, create an app password (to be used to log into the app) and PIN (to be used in transacting)
- After that, log in to the app
- Click on the “Borrow” option
- Enter the amount you want to borrow
- Select your preferred tenor
- Submit your loan application
- Once approved, it will be disbursed into your Access Bank account.
That’s simple how to get loan from Access Bank using the mobile app. You can also apply for Access Bank loan by visiting the bank branch. Let’s see how.
See Also: How to Borrow Money from PalmPay
How to Borrow Money from Access Bank Branch
Apart from using the Access Bank loan code and QuickBucks app, you can also get Access Bank loan by visiting the bank branch. Here’s how to do that:
- Visit your nearest Access Bank branch with a valid form of identity and address verification.
- Ask the customer agent about their loan service, and get a loan application form.
- Fill out the form for the loan that you want to borrow and submit it together with other relevant documents such as your passport, driver’s license, and utility bill.
- Your loan application will be reviewed and approved if it meets the requirements as stipulated in their loan policy. If not, they will ask you to provide more documents or request more information before they can approve the application.
- Once approved, the loan amount will be disbursed into your account.
It is important to get a copy of the loan agreement from the bank’s customer service officer before leaving the bank premises.
Access Bank Loan Interest Rate for 2023
Since Access Bank offers different loan types, the interest rates for these loans differ respectively.
The Access Bank Payday loan interest rate is 6.5% flat, while it is 10% for small ticket and salary advance loans, and 9% for the creative sector loan.
Keep in mind that these rates shall be subject to review from time to time in line with the prevailing money market condition.
After securing a loan with the Access loan code, you must start preparing for repayment. Therefore, let’s see how to repay Access Bank loan.
How to Repay Access Bank Loan
To repay your Access Bank instant loan, all you need to do is have enough money in your account to repay on the due date, then Access Bank will automatically deduct the loan amount from your account.
After that, you’ll get a notification (SMS and/or Email) confirming your loan repayment.
Once your loan is cleared, you can use the USSD code to borrow money from Access bank to Access another loan.
Have more questions about the Access Bank quick loan code? Find your answers below.
Access Bank Loans – FAQs
How much can I borrow from Access Bank?
The amount you can borrow from Access Bank depends on the type of loan you are applying for and your eligibility. However, the Access Bank personal loan amount ranges up to N50,000.
Does Access Bank have a loan app?
Yes, Access Bank has a loan app called QuickBucks. You can download it from the Google Play Store or Apple App Store to apply for a loan.
Can a student get loan from Access bank?
Yes, students can get loans from Access Bank. However, they must meet the bank’s eligibility criteria and provide the necessary documents to support their loan application.
Related: How to Get Fairmoney Loan in Nigeria
How do I borrow 300000 from Access bank?
To borrow 300,000 from Access Bank, you need to visit the bank’s website or branch to apply for a loan, as you can use the Access Bank loan code for to access this huge amount. You will need to provide the necessary documents and meet the bank’s eligibility requirements.
What is the code for Access Bank salary advance?
The code for Access Bank salary advance is *901*11#.
What is the code for Diamond Access loan?
The code for Diamond Access loan is *901*11#.
What is the code to borrow loan from Access Bank?
The code to borrow a loan from Access Bank is *901*11#. Simply dial the code and follow the prompts to apply for a loan.
How can I get Access Bank loan without collateral?
You can get an Access Bank loan without collateral by applying for their payday loan or salary advance. These loans are designed to meet short-term financing needs and do not require collateral.
What is the code to check my Access Bank loan balance?
To check your Access Bank loan balance, dial *901*11# and follow the prompts.
How do I get Access Bank phone loan?
To get an Access Bank phone loan, you can download their loan app called QuickBucks from the Google Play Store or Apple App Store. You can also dial the Access loan code and follow the prompts to apply for a loan.
Access Bank provides a wide range of loan options to meet the diverse financing needs of its customers. From personal loans to business loans, salary advances, and payday loans, Access Bank has different loan products to cater to different financial requirements.
With its loan app, QuickBucks, customers can conveniently apply for a loan from the comfort of their homes. Customers can also use the Access Bank USSD code for loan to borrow money using their phone.
The bank’s loan products also come with competitive interest rates, flexible repayment terms, and no collateral requirements for some loans. However, before applying for a loan, it is important to read and understand the terms and conditions of the loan and ensure that you can comfortably repay the loan on time.
With this post providing you with full insight into how to borrow money from Access Bank, and how to use the Access Bank loan code, we believe you can now easily Access loans that suit your purpose.