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ACCESS BANK PLC

8.05

-0.05

3/3/2021

Access Agent Loan

Instant digital loan product which is targeted at Access CLOSA Agents to bridge liquidity and funding gaps.

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Access Agent Loan

Access up to N1 million with Access Agent Lending.

 

Features

  • 24/7 service which does not require visits to the Bank and application is done conveniently via QuickBucks
  • Process 10 or more transactions a day to qualify
  • No documentation required
  • No collateral required
  • 24-hour tenor

 

FREQUENTLY ASKED QUESTIONS (FAQs)


It is an instant digital loan product which is targeted at Access CLOSA Agents to bridge liquidity and funding gaps.
 
1% flat per month on all unpaid obligations.
 
Yes, there are. Please see the table below for other instant digital loan products available.
 
Loan Type Available to Loan Amount Repayment Plan Pricing

PayDay Loan

Salary account holders with Access Bank

Up to 75% of monthly salary

Against next salary payment or 30 days (whichever comes first)

Interest 4%

Management fee 1%

Credit Life Insurance 1%

Penal Charge 1% per month upon default

Other bank customers whose salaries are processed via IPPIS or Remita

Up to 50% of monthly salary, but subject to a max. of
₦500,000

Against next salary payment or 30 days (whichever comes first).

Your repayment will be deducted from your next salary and taken from your other bank account

   

Lending Against Turnover (LATO/ILAT)

Customers who maintain an average balance of
₦20,000 over six months

Up to 20% of Average Turnover, subject to a max. of
₦300,000

90 days with repayment over 3 months

Interest from 4% on reducing balance

Management fee 1% Credit Life Insurance 0.5%
Penal Charge 1% per month upon default

LATO
Premium
(PLAT)

Customers who maintain a minimum turnover of N200,000 in
the last 30 days and N500,000 in
the last 6-12 months.

Up to 20% of Average Turnover, subject to a max. of
₦500,000

90 days with repayment over 3 months

Interest 4% on reducing balance

Management fee 1% Credit Life Insurance 1%
Penal Charge 1% per month upon default

LATO Mart
(MLAT)

Customers who maintain a minimum turnover of N500,000 in
the past 6 months is required.

Up to 20% of Average Turnover, subject to a max. of
₦5,000,000

90 days with repayment over 3 months

Interest 4% on reducing balance

Management fee 1% Credit Life Insurance 1%
Penal Charge 1% per month upon default

Salary Advance (SADV)

Salary account holders with Access Bank who earn a minimum of N50,000

Up to 200% of monthly salary

180 days with repayment over six (6) monthly instalments

Interest 1.9% on reducing balance

Management fee 1% Credit Life Insurance 0.7%
Penal Charge 1% per month upon default

Please note that all these will be take upfront at the
point of disbursal

Small Ticket Personal Loan (STPL)

Salary account holders with Access Bank who earn a minimum of N100,000

Up to 400% of monthly salary

365 days with repayment over six (6) monthly instalments

Interest 1.9% on reducing balance

Management fee 1%

Credit Life Insurance 0.7%

Penal Charge 1% per month upon default

Please note that all these will be take upfront at the
point of disbursal

Device Finance (DFPS)

Salary account holders with Access Bank & other bank customers

Up to 33% of annual salary, but subject to a max. of
₦500,000

12-months with monthly deductions

Mark-up fees vary: Devices are purchased at discounted rates and sold at market value

Credit Life Insurance 1%

Penal Charge 1% per month upon default

Please note that all these
will be take upfront at the point of disbursal

You can request for a loan through the QuickBucks platform, available online and through the QuickBucks mobile app:
  • Download the QuickBucks on the Google Playstore or iOS App Store.
  • Or click here to visit the QuickBucks website.
To be eligible for this loan, you are required your eligibility will be affected by any of the following:
  • If you have any outstanding loan(s) in Access Bank or other banks.
  • If you apply using a phone number that is not linked to your BVN.
  • If you have taken previous digital loans and exceeded your eligible amount.
  • If you have an existing loan and the monthly repayment is higher than your eligible amount.
Once your loan request is successful, your Access Bank account is credited immediately.
 
As many times as you may like, as long as you have not exceeded your eligible amount.
 
Repayment shall be within 24-hours cycle.
Customers are at liberty to pay off their loan at their convenience. Interested customers can self-liquidate their loans on QuickBucks, or contact the Access Bank Contact Center on 0700 300 0000. You can also send an e-mail to contactcenter@accessbankplc.com to liquidate their loans.
 
The loan amount will be deducted from any inflow into the customer’s settlement account. Where the loan is past due, deduction will be made from any account linked to your BVN.

Click   here for Terms and Conditions.

Click   here to read the Key Facts Statement for this loan.