BlogLoans in NigeriaAccess Bank Loan: How to Borrow, Ussd Code and Requirements

Access Bank Loan: How to Borrow, Ussd Code and Requirements

access bank loan code

Access Bank loan is one of the services the bank provides for customers. We all have dreams of achieving more significant things, going on vacations, expanding our businesses, funding our education, and many more, but money might be a problem sometimes. To bridge this financial gap, Access Bank offers different loan types to both customers and non-customers to help them meet their financial responsibilities. Most of these loans come with zero collateral and little interest charge.

After extensive research, this article will provide detailed information about Access Bank loans, features, requirements, and how to apply for each.

Table of Contents

Types of Access Bank Loans

Access Bank has many loan types that cover almost all financial responsibilities; this makes it easier for loan customers to target their budget and know which works better for them.

Here are some types of Access Bank loans:

PayDay Loans

The PayDay loan is an instant loan that offers both salary-earner and non-salary-earner customers the opportunity to borrow money with low interest and zero collateral. With this type of loan, you can get money for your needs before payday comes at the end of the month.

One advantage of the PayDay loan is that you do not need to have an Access Bank account before you access this loan. However, the bank will open an automatic account for you and deposit the money into the account.

Features of the PayDay Loans

  • Instant loan up to the amount of ₦500,000 within 24 hours.
  • The interest rate is between 10% to 11% for third-party non-account holders.
  • Management fee of 1% and credit life insurance of 0.3%.
  • The repayment time frame is 30 days or whenever you get your salary, and the repayment tenure lasts for 36 months.
  • No collateral or documentation

How to Request a PayDay Loan?

There are 5 ways you can request a PayDay loan from Access Bank, they are:

  • The USSD code *901*11#
  • Access Bank mobile app; click “Loans & Investments” and select the loan matching your eligibility.
  • The QuickBucks app is available on Google Play Store or iOS App Store. Sign up and select the PayDay loan.
  • Access Bank Internet banking website –
  • Access Bank QuickBucks website –

You can use any of the options above; there are no documents for the PayDay loan; just provide accurate personal details.

Personal Loan

A personal loan is a loan facility for employees of organizations to help them achieve their financial independence. With this loan type, you can get about 50% to 75% of your net annual salary and credit life insurance.

The personal loan needs few documents and an extended loan tenure compared to other banks and loan companies.

Features of the Personal Loans

  • Access to loans for individual needs.
  • The loan amount is up to 50% for employees without terminal benefits and 75% for employees with terminal benefits.
  • Repayment time ranges for as long as 36 months.
  • Applicants enjoy credit life insurance.

Requirements for the Loan

  • Duly completed application form
  • Valid employment identification card
  • Valid means of identification
  • Bank Verification Number (BVN)
  • Proof of employer’s confirmation and a copy of employee status inquiry
  • Evidence of employment confirmation
  • Credit check
  • Letter of Lien and Set-off

How to Access the Personal Loans

To access the personal loan, you must download the application form on the website –

Then go to the Internet banking website – and apply for the loan; make sure you provide only accurate information.

Small Ticket Personal Loans

The Small Ticket Personal Loan is an instant loan that allows salary earners to get up to 400% of their net monthly salary and repay in 12 months. The interest rate is 10%, a management fee of 1%, and a 1% credit life insurance.

To access this loan, you must have at least an account with Access Bank that has been active for 6 months and earn a minimum salary of N100,000.

Features of the Small Ticket Personal Loans

  • Instant loan up to the amount of N2 million.
  • There is no collateral or documentation.
  • The repayment time frame is up to 12 months.
  • An interest rate of 10% plus other charges like management fee (1%) and credit life insurance (1%).

How to Apply for the Small Ticket Personal Loans

You can apply for this loan through the following:

  • USSD code – *901*11#
  • QuickBucks app is available on Google Play Store and iOS App Store.
  • QuickBucks website –

Vacation Finance Loan

The Vacation Finance loan is an unsecured loan that covers all or part of the expenses customers need for their vacation. The loan covers expenses like hotel bookings, air tickets, travel insurance, holiday packages, and hotel bookings.

This loan type is only available to employees of corporate organizations with a profile for personal loans. There is also an additional discount XclusivePlus subscribers of Access Bank. The interest rate for this loan is the same as personal loans.

Features of the Vacation Finance Loan

  • Access to funds for vacations, including accommodations and tours.
  • The repayment time frame lasts as long as 12 months.
  • XclusivePlus subscribers enjoy a 1% discount on interest rates.

Requirements for the Vacation Finance Loan

  • Copy of a travel quote from a travel agent that partners with Access Bank.
  • Completed application form
  • Valid work identification card
  • A duly accepted offer letter and term sheet
  • A salary bank statement of 6 months applies only to new customers.

How to Apply for Vacation Finance Loan

You can access this loan on the Internet banking website –;fill out the form, provide all details, and await approval.

Advance for School Fees

The Advance for School Fees is to provide both salaried and non-salaried parents and guardians with the funds to cover their children’s and wards’ school expenses. Students in higher institutions can also access this loan to pay for their undergraduate, post-graduate, and professional examinations.

The loan has an amount of up to N5 million, and the repayment time is 6 months; this means the loan is short-term.

Features of the Advance for School Fees Loan

  • Easy access to funds for school expenses.
  • The loan amount ranges up to N5 million.
  • The repayment time is 6 months.

Requirements for Advance for School Fees Loan

The requirements for this loan depend on your stand as a salaried or non-salaried customer.

Salaried applicants must provide the following:

  • Completed application form
  • Duly accepted offer letter
  • School fee invoice stating the name of the student and the total amount.
  • Valid means of identification
  • Utility bill of at least 3 months

Non-Salaried applicants must provide the following:

  • Duly filled application form
  • Duly accepted offer letter
  • Valid means of identification
  • Corporate Affairs Commission (CAC) documents
  • Utility bill of at least 3 months
  • Corporate bank account statement of 1 year
  • School fee invoice stating the total amount and name of the student
  • Evidence of lien on fixed deposit, treasury bill on any money market investments.
  • Receipt of acceptable guarantee
  • Statement of the net worth of the guarantor

All applicants must submit the following:

  • Mandatory NIBBS form
  • Acceptable party guarantee of personal or corporate with an active account with Access Bank
  • Statement of account and payslip for 6 months
  • Letter of lien/set-off
  • Statement of the guarantor’s net worth

How to Access Advance for School Fees Loan

The first step in applying for the Advance for School Fees loan is to download the Retail Lending Application Form, Corporate Guarantee Form, Statement of Personal Networth, and Personal Guarantee Form from the website – and fill them with the correct information.

Then, follow the steps below:

  • Send the duly filled forms to and wait for the team to start the approval process.
  • If the loan is approved, the bank will send the offer letter for execution.
  • After execution, the loan will be disbursed to your account and immediately transferred into the school account. You will need to present the transaction receipt to the school.

Salary Advance Loan

With the Salary Advance loan, you can access funds to sort out your personal needs even before your salary is paid; the loan amount is up to N1 million. No collateral or guarantors exist for this loan; however, you must have an active account with Access Bank for at least 6 months and earn at least N50,000 each month.

The interest rate for the Salary Advance Loan is 10% but additional charges like management fee (1%) and credit life insurance (0.7%). The loan repayment tenure lasts for 6 months.

Features of Salary Advance Loan

  • Instant loan with 24/7 access
  • No collateral, documentation, or guarantors
  • The repayment time frame is 6 months
  • An interest rate of 10% plus other charges like management fees and credit life insurance.

How to Request a Salary Advance Loan?

To apply for the Salary Advance Loan, you can use the following:

  • USSD code – *901*11#
  • QuickBucks app is available on Google Play Store and iOS App Store.
  • QuickBucks website –

Home Loan

As the name implies, the Home Loan is for salary earners and business entrepreneurs who need financial help with the acquisition of completed and under-construction properties. This offer is only available for properties in cities like Lagos, Abuja, and Port Harcourt.

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There is no interest rate for this loan type, but the bank gets the property as collateral in case of default. The repayment time is also up to 20 years, although this is subject to the borrower’s age.

Features of the Home Loan

  • Funds are available to both salary earners and business entrepreneurs.
  • No interest
  • Only properties in Lagos, Abuja, and Port Harcourt can access this loan.
  • There is asset protection and credit life insurance.
  • Flexible repayment time frame of up to 20 years.
  • Customers enjoy a 20% equity contribution.

Requirements for the Home Loan

  • Duly completed Mortgage application form
  • Employer’s confirmation form and status of employment.
  • Letter of offer from the property seller.
  • Original title document of the property.
  • Valuation report from Access Bank approved estate valuer.
  • A credit check and a search report

How to Apply for the Home Loan

You can apply for the Home Loan on the following:

  • Internet banking website –
  • QuickBucks app is available on Google Play Store and iOS App Store
  • QuickBucks website –

Fill in all details and wait for approval from the bank.

Maternal Health Service Support (MHSS)

The Maternal Health Service Support is a loan facility by Access Bank to help women cater to their local and international medical procedures during childbirth. This loan covers expenses like Hysterectomy, Myomectomy, In vitro fertilization (IVF), Intracytoplasmic sperm injection (ICSI), Dental, Orthopaedic, Bariatric (weight loss procedures), and many more. The loan is to help women increase their chances of conceiving and reduce maternal death.

Maternal Health Service Support has a low-interest rate and a flexible repayment plan; this makes it easier for customers to repay the loan.

Features of the MHSS Loan

  • There is no limit to the loan fee
  • Low-interest rate
  • Flexible repayment schedule
  • Access to more than 30 reputable fertility clinics and birth travel service companies scattered all over Nigeria.

Requirements for the Loan

  • Duly filled application form
  • Salary or business proceed domiciliation
  • Employee status inquiry and employer’s confirmation
  • Medical Invoice
  • Bank Verification Number (BVN)
  • Credit check

How to Access the Loan

You can access the loan by visiting the Access Bank website – or the Internet banking website – all details and wait for approval within 24 hours.

W Power Loan

The W Power Loan is specifically for women to help provide them with financial support for their businesses. The loan can come as a working capital (to buy raw materials or sort out daily business expenses) or a term loan (to purchase assets, upgrade infrastructures, and buy fixed assets).

The W Power Loan offers between N1 million to N100 million as a means of bridging the gap between male and female businesses and to provide sustainable business for women.

Features of the W Power Loan

  • Fast access to loans ranging from N2 million to N100 million.
  • An interest rate of 15% per annum
  • All businesses can access this loan
  • Minimum equity contribution of 20%
  • Loan tenure lasts for 12 to 36 months

Requirements for the W Power Loan

  • Businesses must be in operation for 1 to 5 years.
  • Applicants must own 20% to 50% shareholding in the business with a woman as the CEO or COO.
  • Applicants must own at least 50% ownership of the business.
  • Credible guarantor for loan amounts up to N10 million.
  • All asset debentures
  • The legal transfer of mortgage or ownership of the shop.

How to Apply for the W Power Loan

Applicants must send a mail to to start the loan application process.

Vehicle Finance Loan

The Vehicle Finance Loan helps individuals, businesses, and corporate organizations who need funds to purchase brand-new and pre-owned vehicles; many vehicle brands and models are under this loan facility.

You can also save up to N40,000 on vehicle registration and get a free auto care kit when you purchase your vehicle through the Vehicle Finance loan. There is also a highly competitive interest rate on this loan.

Features of the Vehicle Finance Loan

  • Access to funds for salary-earner individuals, business owners, and corporate organizations.
  • A minimum equity contribution of 10%.
  • Low-interest rate and a management fee of 1%.
  • Additional services like routine maintenance, insurance, and registration.
  • A repayment time frame of 48 months.

Requirements for the Vehicle Finance Loan

For salaried income persons, the following are the requirements:

  • Duly completed application form
  • Pro forma invoice from any Access Bank approved vendor with the title “Access Bank/Customer’s name.”
  • Blank transfer of vehicle ownership form
  • Credit check
  • Vehicle Inspection Report & Agreement, this is only for pre-owned vehicles.
  • Duly accepted offer letter & term sheet
  • Valid staff identification card

Business owners must provide the following:

  • Bank statement account of 1 year
  • Simple resolution
  • Certificate of business registration
  • Form of application for business registration.

Corporate organizations must provide the following:

  • Bank statement account of 1 year
  • Simple resolution
  • Board Resolution
  • Certificate of business registration
  • Form of application for business registration
  • Corporate Affairs Commission (CAC) documents, ensure to include CAC 2, CAC 7, and Certificate of Incorporation.
  • Personal guarantee and a notarized statement of the net worth of the director.

How to Request the Vehicle Finance Loan

  • Download the Transfer of Ownership form (individual or corporate) and the vehicle Finance Lease form (for individual, business, or corporate organizations) at Fill in the interest form on the same website and click “Submit Now.” Wait for approval within 24 hours.

Lending Against Turnover (LATO)

The Lending Against Turnover is an instant loan product only for Access Bank individual customers who have been using their accounts actively for 6 months. You can get 20% of your monthly average salary for 6 months but a maximum of N200,000. The interest rate is 6.5%, but there is a management fee of 1% and a credit life insurance of 0.5%.

The loan has a tenure of 90 days. If the bank approves your loan request, the money will be disbursed within 24 hours.

Features of the Lending Against Turnover Loan

  • No collateral or guarantors
  • No documentation
  • Easy access to funds up to the amount of N200,000.
  • A low-interest rate of 6.5%
  • The repayment time frame is up to 3 months.

How to Access the Lending Against Turnover Loan

You can access the loan through the following:

  • USSD code – *901*11#
  • Access Bank mobile app is available on Google Play and iOS App Store.

Access Device Financing Loan

Access Device Financing loan helps customers to purchase a new device by providing them with funds and a monthly airtime bundle. This allows individual and business owners to get access to funds for their personal and business uses with no collateral or documentation.

Features of the Access Device Financing Loan

  • No collateral or documentation
  • A flexible repayment time frame of 12 months
  • Free airtime bundles with MTN

How to Get Access Device Loan

You can only get the Access Device Financing loan on QuickBucks; follow the steps below:

  • Download the app on Google Play Store and iOS App Store.
  • Enter your email address and the phone number linked with your BVN.
  • Verify your phone number using the OTP sent to your SMS.
  • Create a password and PIN for the app
  • Enter personal details and agree to the terms and conditions.
  • Click on the “Device Console” and select any phone of your choice.
  • Fill in all details, click “Get this Device,” and accept the terms and conditions.
  • You will get a transaction code via mail; this will be your requirement to pick up the device from the vendor.

Creative Sector Loan

The Creative Sector Loan is an initiative of the Central Bank of Nigeria (CBN) to help creative business owners get funding with little interest. The loan repayment time has a maximum of 10 years.

The loan requires applicants to make at least an equity contribution of 30% and submit proof to the CBN through Access Bank. The Creative Sector Loan is only for individuals and businesses in fashion, information technology, movie production and distribution, music, and software engineering.

Features of the Creative Sector Loan

  • An interest rate of 9%
  • Flexible repayment schedule
  • Available expert financial advisory service

Requirements for Creative Sector Loan

  • Proposed loan disbursement
  • Detailed business plan including financial plan and projection and economic benefits
  • Loan repayment details
  • 3 years audited account for existing businesses
  • Statement of affairs for start-ups and businesses less than 3 years.
  • Legal mortgage
  • All assets debentures and personal guarantee.

How to Apply for the Creative Sector Loan

To access the loan:

Cash-Backed Loan

Access Bank designed the Cash-Backed Loan to help customers with eligible Fixed Deposit investments get quick cash; this loan type does not cover customers with Treasury Bill investments.

With this loan facility, you can get 85% of the amount you have as investments, but the maximum amount is N10 million. The bank will select the investment with the longest tenure if you have multiple investments.

Features of Cash-Backed Loan

  • An interest rate of 2% and a penal charge of 1%.
  • Flexible loan tenure of 12 months.
  • Instant credit from the bank after approval.

How to Request a Cash-Backed Loan?

You can only request the Cash-Backed Loan by dialing the USSD code – *901*11*2#.

Access Agent Loan

The Access Agent Loan allows Access CLOSA agents to get access to financial support up to N1 million. Access CLOSA agents are authorized people who perform daily transactions for people on behalf of Access Bank.

The loan repayment time is only for 2 days; if there is a default payment, the bank issues a 1% rate per month.

Features of the Access Agent Loan

  • Quick access to funds up to N1 million
  • Repayment tenure of 2 days
  • You can request this loan as many times as possible.

How to Apply for the Access Agent Loan

There are three ways agents can access this loan, and they are:

  • CEVA mobile application specifically for Access CLOSA Agents
  • QuickBucks app is available on Google Play Store and iOS App Store
  • QuickBucks website –

Consumer Asset Lease

With the Consumer Asset Lease, individual and business owners can access a wide variety of electronics and household appliances like laptops, inverters and batteries, generators, solar panels, white goods, and many more.

The Consumer Asset Lease gives out N5 million to N50 million, and customers can repay in 24 months.

Features of the Consumer Asset Lease

  • No collateral
  • Access to funds from N5 million to N50 million for household appliances and equipment.
  • Both salaried customers and business owners can access this loan
  • The repayment time frame is over 24 months
  • Wide varieties of vendors and brands to choose from.

Requirements for Asset Lease Loan

  • Duly completed application form
  • Valid means of identification
  • Pro-forma invoice from an approved vendor with the title “Access Bank/Customer.”
  • Duly accepted offer letter & term sheet
  • Credit check
  • Simple and board resolution (only for business owners)

How to Access the Consumer Asset Lease

You can access the loan by visiting the Internet banking website –

How to Pay Back Access Bank Loan

All Access Bank loans have the same method of repayment. When you receive any loan from Access Bank, the bank will inform you of the repayment option available.

For most loan types, you will repay them in installments after 30 days of receiving the money. At the end of the month or day (depending on the loan type), the bank automatically deducts the amount from your account to save you the stress of visiting the bank branch.

Access Bank Branches and Offices

Access Bank has over 300 branches and offices scattered all over Nigeria; in Lagos State alone, this bank has more than 100 branches. The long list of branches makes it easier for customers to visit any of them and carry out transactions.

Access Bank Loan Customer Service Support Details

In case of questions or financial issues, you can reach out to the customer support team on:

  • Phone number: +234 1- 2712005-7, +234 1-2802500, 01-2273000, or 07003000000.
  • Email:
  • Live Chat:
  • Website:
  • Tamada:
  • WhatsApp number: +234909090190
  • Twitter:
  • Facebook:
  • Instagram:
  • Linkedin:

Frequently Asked Questions

How long does Access Bank take to approve a loan?

It takes minutes to 24 hours for Access Bank to approve loans for customers. The approval time depends on the type of loan and the fixed time for approval by the bank.

Bottom Line

Access Bank has one of the widest ranges of loan offers that fits into almost any financial responsibility and is available for salaried and non-salaried customers. Each loan type has easy steps and comes with its requirements; you can check out any of them that matches your financial burden.

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