Access Bank Payday Loan

Before payday, emergencies can happen, leaving you short on money. Herein lies the role of the Access Bank PayDay Loan.

Customers can instantly borrow money through payday loans (both salary and non-salary earners). You can borrow money from Access Bank Payday Loan at a low-interest rate without providing any paperwork or security.

By contacting *901*11# or *426*11#, using Internet Banking, WhatsApp Banking, the Access Mobile App, or the QuickBucks App, you can access a quick loan.

Features

• A convenient application process that is available around the clock via *901*11#, *426#, the QuickBucks App, Internet Banking, and Mobile App.

• No paperwork is necessary.

• No security is needed.

• A maximum of 36-month term

Terms and Conditions for Payday Loans We are happy to notify you that the Management of Access Bank Plc (the “Lender” or “Bank”) has authorized a time loan (the “facility”) under the following terms and conditions in response to your application for a credit facility:

Amount

According to what Access Bank may authorize.

Purpose

To close a short-term cash flow shortfall.

Interest

The facility’s interest rate is 10% flat, subject to periodic revision in accordance with the state of the money market.

Management

 1% flat FEE LIFE INSURANCE SECURITY/SUPPORT FOR CREDIT The following measures must be taken to secure the facility:

1. Irrevocable wage domiciliation

2. Credit life insurance that protects against the risk of the borrower’s death, disability, and layoffs.

3. Permission to sweep any associated external or internal BVN-related account(s) for restitution.

Availability

Only upon satisfactory fulfillment with the criteria precedent to drawdown as may be stipulated by Access Bank may this facility be accessible for utilization.

Disbursement

Although loans are often disbursed promptly, delays may occur due to factors beyond Access Bank’s control. These issues are often fixed within 24 hours, and we’ll let you know when your loan will start to disburse.

Conditions For an Access Bank Payday Loan

1. The Bank must receive proof of the borrower’s monthly pay (through payroll administration) for the previous three (3) months.

2. Submission of an application through one of our electronic digital lending banking platforms, such as QuickBucks, an ATM, the mobile banking app, online banking, or the USSD code *901*11#.

Read also about Access Bank Loan App or about The Most Reliable Loan Apps In Nigeria

3. Automated eligibility verification and payroll visibility through a different, preapproved client database.

4. Acceptance of the offer through one of our electronic digital lending banking platforms, such as QuickBucks, ATMs, the mobile banking app, internet banking, or *901*11#.

5. Acknowledgement of these Terms and Conditions.

6. Permanent salary relocation to the Bank.

Other Circumstances

1. To keep a salary account open with the lender throughout the loan period. This commitment is made by the borrower absolutely and irrevocably.

2. To provide the Bank with all essential information throughout the loan’s validity.

3. To notify the lender right once of any significant changes in his or her personal cash flow within 24 hours of the event.

4. The Lender reserves the right to convert this facility at any time to an overdraft, an advance, commercial papers, or any other available money market instrument.

5. For reasons of default or non-compliance with the Covenants hereunder and the occurrence of any or all of the following events, the Lender reserves the right to withhold further disbursement, recall, extend/restructure, or cancel the facility.