How to Borrow or Get a Loan From Access Bank

How to Borrow or Get a Loan From Access Bank

How to Borrow or Get a Loan from Access Bank: To borrow money or arrange a loan with Access Bank, dial *901*11# or *426*11# and follow the prompts.

There are alternative options for borrowing money, such as internet banking, smartphone apps, and visits to the bank. Historically, one purpose for which banks were established was to make loans. In this vein, Access Bank has devised various methods for making loans to the public.

As the bank’s strength increased, clients were able to take out increasingly larger loans. These loans come in many formats to suit different people. There are cash-backed loans, creative sector loans, device financing, payday loans, school fee advance loans, N Power loans, and salary advance loans.

While borrowing from Access Bank is feasible, eligibility is limited to meeting certain bank terms and conditions. Many of these loans are available without collateral, but with interest rates that vary depending on the lending scheme you choose.

How to Borrow or Get a Loan From Access Bank

Depending on the type of loan you choose, you can borrow money from Access Bank using your cell phone, stepping into any Access Bank branch, or filling out a form on the bank’s official website. Access Bank offers a variety of lending options.

These packages require distinct methods of application. The fastest and easiest way to secure a loan from the bank is to utilize the *901*11# USSD code or *426*11#. It can also be accessed using Whatsapp Banking, the Access Mobile App, or the QuickBucks App.

How to Borrow or Get a Loan From Access Bank via quick loan code

Access Bank’s rapid loan code is *901*11#. This code is valid for all Access Bank clients and can be used to apply for a payday loan.

The process of applying for a loan with this code is simple and uncomplicated. To get started, dial *901# on the phone number associated with your Access Bank account and follow the prompts.

How to Get Loan from Access Bank

Access Bank offers numerous lending solutions. You can apply for a personal loan to assist you reach your future goals. The loan amount can be up to 75% of your net annual pay (for applicants with terminal benefits) or 50% of your net annual salary (for non-terminal benefit applicants).

The loan can be for up to 36 months and includes credit life insurance. To apply for a personal loan, you must complete an application form, present an employee status inquiry/employer confirmation form, and show proof of confirmation (letter of confirmation, latest promotion letter, etc.).

You must also supply a copy of your employment ID and a valid form of identification. BVN credit checks and a letter of lien/set off are also necessary.

Alternatively, you can opt for a payday loan which provides instant access to funds. You can apply for this type of loan by dialing *901*11#, *426*11# or via Internet Banking, WhatsApp Banking, Access Mobile App and QuickBucks App.

How to Borrow or Get a Loan From Access Bank via USSD code

To borrow money from Access Bank in Nigeria with USSD code, you can use the USSD code *901*11#. Here are the steps to follow:

  • Make sure you have an Access Bank account.
  • Sign up for Access Bank’s mobile banking.
  • Get your mobile banking authentication PIN or token.
  • Link your mobile phone number to your Access Bank account.
  • Dial the Access Bank loan code: *901*11#.
  • To seek a loan, follow the steps outlined on your phone screen.

You will be asked to give personal information such as your name, residence, date of birth, and monthly income and expenses. You can also upload a copy of your ID card or passport to help them verify your identification.

Types Of Access Bank Loans and Their Requirements

1. Access Agent Loan For Access CLOSA Agents

The Access Agent lending is an instant digital lending product designed for Access CLOSA Agents (approved individuals who conduct banking transaction obligations on behalf of Access Bank). QuickBucks offers this form of financing both online and through the app. One can request this form of loan as many times as desired, and the account from which the loan is requested will be automatically credited.

Requirements for Access Agent Loans

  • You need to be an Access CLOSA agent.
  • You must use the phone number related to your BVN.
  • Process 10 or more transactions per day to qualify.
  • The loan amount you will be offered is 25% of the daily average transaction value over a 30-day period.
  • If you have an existing loan, your monthly payment should be less than your eligible amount.
  • You must repay the loan within 48 hours (2 days) of collecting it.
  • Failure to pay the loan on time results in a flat interest rate of 1%. The loan’s interest rate is currently 0.5 flat.

2. Consumer Asset Lease to Get Electronics and Household Items

This type of loan does not involve money but does provide access to a variety of technology and household things even when cash is not available. However, you will be required to pay for any items received within 24 months.

This form of loan is offered to salaried clients and business owners who have registered with the bank. The assets available here include:

  • Generating Sets
  • Inverters
  • Microwave Ovens
  • Fridge-Freezers
  • Furniture Set
  • Air Conditioners
  • Washing Machines
  • Gas and Electric Cookers
  • TV, Stereos, and Karaoke Sets

What You Need To Get the Asset Lease

  • Visit the bank and fill the loan application form
  • Submit it with a confirmation letter or promotion letter
  • You need a letter of authority or an irrevocable letter of domiciliation
  • Offer letter
  • Executed Term sheet
  • Letter of lien/set-off
  • Credit checks
  • Valid means of identification
  • Document attestation
  • Salary bank statement/Payslips (New to bank customers)
  • Standing instruction for renewal of credit life insurance
  • Pro-Forma invoice from an approved vendor
  • Board/simple resolution (for business owners)

3. Cash-Backed Loan

This is one of the easiest loans to obtain from Access Bank. Nonetheless, this sort of loan is only available to Access Bank customers who have Fixed Deposit deposits and meet the bank’s Risk Acceptance Criteria (RAC).

The bank only lends up to 85% of the total amount in an individual’s investment account, with a maximum loan of 10 million Naira. The Cash-Backed loan is often due for repayment during the first 12 months of collection.

In addition, repayment will be made automatically every 30 days beginning with the day the loan is collected. You can receive the loan by phoning *901*11*2# from your cell phone. If you are eligible, your request will be approved, and the required amount will be automatically credited to your account.

Requirements To Get the Cash-Backed Loan

  • You must already have an Access Bank Fixed Account investing account.
  • To be eligible, you must have made a qualifying investment.
  • The phone number you will use must be linked to your account and the Bank Verification Number (BVN).
  • Your account may not be used as security for another loan.
  • You must have no outstanding loans from Access Bank or any other bank.

4. Access Mikano Auto Deal Loans to Get New Cars

This form of financing allows you to purchase brand new Geely automobiles and ZNA trucks from Mikano International Limited using the bank’s vehicle finance product at a 5% initial annual interest rate.

Requirements and Other Features

  • Receive a proforma invoice in the required format.
  • Access Bank PLC at any Mikano International shop.
  • You will need to repay your loan within 48 months after getting The interest rate is 5% for the first year of the loan.
  • A trade-in opportunity is offered after four years of use.
  • A discounted comprehensive insurance rate of 2.5% of the invoice value.
  • Fill out an interest form at this link.

5. Access Bank Creative Sector Loan For Individuals and Businesses

To obtain this sort of financing, you must prepare a business plan that includes a financial plan, economic benefits, and three years of financial projections.

The anticipated loan disbursement must be included in the business plan, together with detailed information about how the money will be returned.

The creative sector loan has an annual interest rate of 9%, with a maximum repayment duration of three years for Software Engineering Students loans and ten years for all others.

Who is Eligible for the Creative Sector Loans?

The Central Bank of Nigeria (CBN) initiated a creative sector loan for the following sectors:

  • Fashion
  • Information Technology
  • Movie Production
  • Movie Distribution
  • Music
  • Software Engineering Student Loan

What You Need to Qualify For This Loan

  • Your business must be fully Nigerian-owned.
  • Create a proper business plan (the bank offers advisors that can help customers prepare business plans at a subsidized fee).
  • Existing businesses must provide a three-year audited account, although those with less than three years can submit a Statement of Affairs.
  • The borrower must have a strong credit history, with at least two credit reports for the company and each director.
  • The loan applicant must make a minimum equity contribution of 30% and provide documentation when submitting the application to the CBN.
  • Fill out the form at the bank or online using this link.

6. Device Finance Loan 

This type of loan allows for Access Bank customers to get a mobile device or MTN airtime bundles. Follow these steps to get the loan:

  • Download the Quickbucks app from the Google Play or iOS stores.
  • Enter your email address—the BVN linked to your mobile phone.
  • Once completed, you will receive an OTP by SMS.
  • Use the OTP to validate your number.
  • Create an app password and transaction PIN.
  • Enter your name, salary account name, address, location, BVN, and further personal information.
  • Accept the terms and conditions.
  • Click on Device Finance.
  • Select the phone you want.
  • Click on “Get This Device” Accept the terms and conditions.
  • The borrower will receive an email with a transaction code and the necessity for a pickup device.

What You Need To Get the Device Finance Loan

  • Must have a salary account with Access Bank You must be willing to supply the bank with your personal information.
  • Must be prepared to allow the bank to keep his/her wage account as long as the loan is not fully repaid.
  • Must be aware that there is an interest rate and penalty for failing to pay the loan 11 days, 45 days, and 60 days after the due date.
  • The borrower must acknowledge that if they fail to pay the obligation, the bank has the ability to automatically remove funds from any account linked to their BVN.

7. Lending Against Turnover (LATO) Loan Service

To obtain the LATO loan, dial *901*11# from your mobile device, using the phone number associated with your account and BVN. This sort of loan is available to all Access Bank clients who have been with the bank for at least 6 months prior to borrowing.

This borrowing does not require any formal documentation, but it is due in 90 days (3 months) and the bank only lends up to 300,000 Naira.

Requirements to Borrow Using the LATO Loan Service

  • An active Access Bank account of at least six months.
  • An active line connected to your account.
  • This loan does not demand collateral or any type of documentation.
  • You must not have any outstanding loans, whether with Access or any other bank.
  • You must have received a minimum inflow of N20,000 over the last 30 days.

8. Access Bank Eazy Buy Finance Scheme Loan 

To obtain the Eazy Buy loan, which allows you to purchase brand new GAC motors for approximately N240,000 per month, fill out an application form, and a member of the Eazy Buy program will contact you.

This form of financing is only offered to salaried individuals or business owners whose operations are validated. Offer is valid till December 31st, 2020.

9. Personal Loan

This form of financing is for employees or other groups. It is flexible, with loans of up to 75% of net yearly earnings for candidates with terminal benefits and 50% for those without. The loan is due in 36 months (three years).

Requirements for Receiving Personal Loan

  • Completed Application form and loan application form
  • An employee status inquiry/employer’s confirmation form
  • Confirmation letter or promotion letter
  • Employment ID and any other valid means of identification
  • BVN
  • Credit checks
  • Letter of Lien/Set-off
  • Letter of authority or irrevocable letter of domiciliation
  • Offer letter
  • Executed term sheet
  • Document Attestation
  • Salary bank statement/payslips
  • Standing instruction for renewal of credit life insurance

10. Access Bank PayDay Loan

The Payday loan code is *901*11*1#. The loan can also be applied for through Internet Banking, the Access Mobile App, the QuickBucks App, an ATM, or Whatsapp. The PayDay loan is available to both Access Bank customers and other salary earners whose payments are processed through Remita or IPPIS.

However, if you do not already have a bank account, Access Bank will make one for you and credit the loan to it. The loan has a term of 31 days and applicants can receive it in their accounts as soon as it is approved.


  • The borrower should be a salary earner and have met Access Bank’s Risk Acceptance Criteria (RAC).
  • If you utilize the USSD code, the borrower’s mobile number has to be linked to his account and BVN.
  • The borrower must accept a number of terms and conditions from the bank.

11. Access Bank Advance For School Fees Loan

  • Download the form fill it correctly
  • Attach your electronic signature
  • Send the form to
  • If the request is accepted, the bank will send a letter to the borrower
  • The borrower will receive the funds

Documents Needed To Get The Loan

  • Loan application form
  • Confirmation of promotion letter
  • A letter of authority or irrevocable letter of domiciliation
  • Offer letter
  • Executed term sheet
  • Letter of lien/set-off
  • Credits checks
  • Valid means of identification
  • Document attestation
  • Salary bank statement/Payslip for borrowers who are new customers to the bank
  • Standing instruction for renewal of credit life insurance
  • Admission letter
  • Tuition Bill

The advance for school fee payback is set for 4-6 months, with an annual interest rate of 18%, a management charge of 1%, and Credit Life Insurance at 0.5%.

12. Salary Advance

To apply for a salary advance loan, dial *901*11*1# or download the QuickBucks app from the Google Play or Apple Store. People who have salary accounts with Access Bank can borrow up to 200% of their monthly wage, which they must repay within six months. Borrowers can utilize this plan at any time of day, seven days a week.


  • The salary earner who want to borrow must meet Access Bank’s Risk Acceptance Criteria (RAC).
  • The salary account has to be active for at least 3 months
  • The application should be done using a phone number that is linked with your BVN.
  • You must earn at least N50,000 to be eligible for this form of financing.

13. Small Ticket Personal Loans (STPL)

You can apply for this type of loan by using the Access Bank USSD code *901*11*1# or the QuickBuck app. STPL is an urgent loan that salary workers can obtain digitally if they match Access Bank’s Risk Acceptance Criteria (RAC).

Salary earners can receive up to 400% of their monthly wages with this lending plan. Once you receive the STPL loan, you will be asked to repay it within 12 months.


  • Borrowers must have a salary account with Access Bank.
  • Your Access Bank account needs to be active for at least three months.
  • The phone number you use to borrow the money should be linked to your BVN.

14. How To Get AutoClub by Access Loan

This type of financing allows you to borrow cars or have access to vehicle maintenance of various types. Salary earners can apply for the loan, which must be paid back within 48 months (4 years).

General Requirements

  • Must fill out a vehicle lease application form.
  • Proforma invoice from any of the bank’s recognized vendors.
  • Credit checks Blank transfer of ownership form.

Requirements for Salary Earners

  • Completed vehicle financing application form.
  • Pro-form invoice addressed to Access Bank/customer’s name.
  • For pre-owned autos, you must provide proof of vehicle inspection report and agreement.
  • Staff Identity card.
  • Credit checks.
  • Executed offer letter.
  • Executed term sheet.
  • Blank transfer of ownership.

Additional Document for Business Enterprises and Corporates

  • One (1) year bank statements (other banks)
  • Simple Resolution
  • Certificate of business registration & Form of application of registration of business name

Additional Document for Incorporated Companies

  • Recent (two) 2 years audited financials or management account
  • Board Resolution
  • CAC documents (CAC 2, CAC 7, Certificate of Incorporation)
  • Personal guarantee and notarized statement of the net worth of a director

15. Access Bank Home Loans

This form of financing helps to bridge the financial gap that prevents people from purchasing landed properties. However, housing loans are exclusively available to salaried individuals and business owners. These landed properties are offered in Lagos, Abuja, and Port Harcourt, with payment terms of up to ten years.


  • Loan Application Form
  • Confirmation Letter or Promotion Letter
  • Letter of Authority or Irrevocable letter of Domiciliation
  • Offer letter
  • Executed Term sheet
  • Letter of Lien/Set-off
  • Credit Checks
  • Means of Identification
  • Document Attestation
  • Salary bank statement/Payslips (New to bank customers)
  • Standing instruction for renewal of Credit life insurance
  • Offer of sale for the property
  • Search report
  • Charting report
  • Property valuation report
  • Duly executed Deed of Assignment (6 copies)
  • Original survey plans in the name of the assignee or letter of authority to debit for the same
  • Duly executed Land Form 1c
  • Legal Mortgage (LM) / Third Party Legal Mortgage (TLM) Engrossment (6 copies)
  • Tax clearance

16. Maternal Health Service Support (MHSS)

This financing allows families to have access to fertility-related operations in a flexible, highly subsidized manner at well-known reproductive clinics. One of the benefits of this form of financing is that if an IVF is unsuccessful, Access Bank, which collaborates with a health management business, would refund 30% of your money.


  • You do not need to be an Access Bank account holder.
  • Loan Application Form (Link to complete the form).
  • Confirmation letter, promotion letter.
  • letter of authority, or irrevocable letter of domiciliation invoice from the hospital.
  • Credit checks.
  • Means of identification.
  • Salary bank statement/payslips (for new customers)

Additional Documents for Drawdown

  • Offer letter
  • Executed Term sheet
  • Letter of Lien/Set-off
  • Document Attestation
  • Standing instruction for renewal of Credit life insurance

17. W Power Loan For Women-Owned Businesses

This is intended for women-owned enterprises, or those with at least 50% female ownership. The loan is divided into two categories: term loan (for the acquisition of machinery and equipment for your business) and working capital (for the purchase of raw materials). Download the loan form here.

All Requirements

  • Loan Application Form
  • Valuation report
  • One (1) year bank statement
  • Credit checks
  • CAC documents
  • Valid means of identification
  • BVN validation page of directors/proprietor
  • BOQ (for project-related transactions)
  • Credible Guarantor form and notarized statement of net worth

Additional Documents for Drawdown

  • Domiciliation Letter
  • For business enterprises, there should be a provision for simple resolution while Corporate enterprises need a Board resolution
  • Evidence of Insurance cover and Credit life insurance
  • Offer letter
  • Executed Term sheet
  • KYC
  • Credit Checks
  • Advisory mandate letter
  • Direct debit mandate
  • Standing instruction to renew credit life insurance

Access Bank 6 Months Loan 

The Access Bank 6-month loan is a Small Ticket Personal Loan designed to assist customers in meeting their financial needs. The loan is open to salary earners aged 22 to 55 with a minimum monthly income of N20,000. The loan amount is between N50,000 and N1,500,000, with a repayment period of 3 to 24 months.

You can apply for the loan at any Access Bank branch or online through their website. Also, based on the agreement, the borrower can choose to repay the amount borrowed through any of the loan packages in 6 months.

How to Pay Back Access Bank Loan

You can repay your Access Bank loan in Nigeria using any of the options listed below:

  • Visit the Access Bank branch where you got your loan: Ask the customer service agent to refund the loan. You will be handed a loan repayment form to complete. Following that, your account will be charged for the amount you deposited. The amount will be credited to your loan account, and you will receive a receipt.
  • Use the Access Bank USSD transfer code: dial *901# on your associated mobile phone and follow the directions to repay the loan.
  • Use Access Bank’s online banking: Log in to your Access Bank online account, go to the ‘loans’ tab, and select’repay loan’. Follow the on-screen prompts to enter the appropriate information, such as payment method, account details, and amount to repay.

Please keep in mind that there is no set repayment period for the loan. When you take out the loan, you will agree on the repayment terms with the bank. The majority of payments are made in monthly installments, which vary depending on the size of the loan.


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