Accessbank PayDay loan: How to get a loan from access bank

Accessbank PayDay loan: How to get a loan from access bank

Read all about accessbank payday loan

Sometimes in life, emergencies might come up that require money immediately. Maybe one of your relations is sick and you need money to get the person medical attention or perhaps you need money for a different reason that is just as pressing.

If you are a salary earner that receives a certain amount of money at a particular time, maybe at the end of the month or of the week and you need money urgently, in a period of time that is far from your payday. What do you do then?

Read my post on how to open an access bank account online.

Well, you can decide to get a loan from the bank. The thing is that getting a loan from the bank is not at all easy, usually banks require you meet some certain criteria before you are granted a loan.

It sometimes can seem impossible to meet their criteria, as they require collateral and other forms of documentations.

Banks only really want to give money to people that are low risk and who they know have the ability to pay back in the stipulated time. If you are not one of those people, you will find it difficult to get a loan from a bank.

This is where access bank payday loan comes in, with this loan, you don’t require any collateral or documentation to get it, plus it is super easy to apply for.

Access bank pay day will grant you a loan according to the amount of money you receive as salary monthly.

Do you want to know about access bank payday loan requirements and how to get a loan from access bank?

You are in the right place, and in this blog-post, am going to tell you all about access bank payday loan, how to get it, how to pay back the loan plus some other things you will need to know.

Make sure you read till the end and follow all the instructions. Let’s get into it then….

Accessbank payday loan

Accessbank payday loan

According to the accessbank official website, payday loan is an instant digital loan product which is targeted at salary earners who meet the bank’s risk acceptance criteria (RAC).

If you need money during emergency situations and you know that your payday is still far away, you can apply for access bank pay day loan and get money almost instantly.

Read my post on how to get a loan from GTbank.

Features of accessbank payday loan

  1. No need to visit the bank

You can apply for access bank payday loan without needing to visit the nearest access bank branch, you can do it from your phone using the USSD code *901*11# , *426*11#, via internet banking, WhatsApp banking, access mobile app and quickbucks app.

  1. Low interest rate

Sometimes, the interest rate we get on some loans is ludicrous, and plain unfair. Access bank payday loans interest rate is low and easily payable, access bank has done this, so that everyone has a chance at getting a loan.

  1. No collateral

Many loans these days require some sort of collateral; this is done in case the individual that gets the loan is unable to pay back, this way, the loan giver can get their money’s worth back.

Access bank payday loan will grant you loans without any collateral at all. Cool right?

  1. No documentation

Before you can get loans on some banks, you would be required to provide a lot of documentation. You can get access bank payday loans without any kind of documentation.

How to get the access bank payday loan

This is what you are probably here for, to know how to get a loan from access bank. Let me show you this:

  1. Dial the USSD code on your phone *901*11#
  2. Obtain your access bank account number on the next screen
  3. See how much you are eligible for on the next screen.
  4. Get your instant loan.

It is very easy and straight forward, once you dial the USSD code, follow the on-screen instructions and you should get your loan quickly.

The maximum amount you can get as a loan is 75% of your monthly salary i.e. if for example, your salary is 50,000 naira, the highest amount you can get as loan is 37,500 naira.

Your eligibility for the access bank payday can be affected by many factors including:

  1. If you have outstanding loans in access bank or other banks.
  2. If you use a phone number that is not linked with BVN (bank verification number).
  3. If there is no evidence that you received salary in the previous month.

The point is, before you apply for the access bank payday loan, just make sure you will be able to pay back.

How to repay access bank payday loan

The money is usually deducted from your account when the time elapses, and if you don’t have the money to pay back in your access bank account, it will be deducted from any account linked to your BVN.

Frequently asked questions (FAQs)

Do I need to have an access bank account to apply for payday loan?

No, your salary account does not need to be with access bank before you apply. If your salary is processed via remita or IPPIS, you can also apply for a payday loan.

When you request for a loan, an access bank account will automatically be created for you and the loan will be disbursed into the account.

What is the maximum amount I can get from access bank payday loan?

The highest amount you can get as loan from access bank is 75% of your monthly salary i.e. if you earn 50,000 naira monthly, you can get 37,500 naira as loan.

How many times can I request for a loan?

You can request for a loan as many times as you want, as long as you have not exceeded your eligibility amount.

What if I don’t payback my loan in time?

If you don’t pay your loan on time, it will be deducted from any other account linked to your BVN.

What if I have other existing loans, can I still get a payday loan?

When you have existing loans, the monthly repayments will be used to calculate your eligibility amount. Your eligible amount will therefore be 75% of your monthly salary, less any monthly repayments. If the monthly repayment is higher than your eligible amount, you will not be able to take a payday loan.


Well, I hope you now know how to get a loan from access bank and how to repay back in due time. Next time when you have an emergency, just know you can get a loan easily from access bank.

If you have a question, you can leave them below in the comment section and I will tend to them as soon as I can.

Remember to share with your friends who might need this, and subscribe to this blog to keep on getting posts like this.

Thank you for reading.

Read my post on how to open a first bank account online.


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