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ACCESS BANK PLC

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25/11/2020

Small Ticket Personal Loans

Up to 200% of your net monthly salary and repay for 6 months with Small Ticket Personal Loans.

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Small Ticket Personal Loans

Access up to 400% of your net monthly salary and repay for 12 months with Small Ticket Personal Loans.

 

Features

  • 24/7 service which does not require visits to the bank and application is done conveniently via QuickBucks App or USSD code *901*11*1#
  • No documentation required
  • No collateral required
  • Twelve (12) months tenor


Download the Quickbucks app using this QR code:

Access Bank - Quickbucks
 

 

FREQUENTLY ASKED QUESTIONS (FAQs):

It is an instant digital loan product which is targeted at salary earners who meet the Bank’s Risk Acceptance Criteria (RAC).
You can request for a STPL through any of the following ways:
  • Dial the USSD code *901*11*1#
  • Download the QuickBucks App, available on Google Playstore or Apple App Store.
Yes, your account needs to be in Access Bank and needs to be active for at least three (3) months.
The maximum amount (i.e. eligible amount) you can get is 400% of your monthly salary, less any active loans at the Bank. Your eligibility is displayed when you request for the loan.
Your eligibility will be affected by any of the following:
  1. If you have any outstanding loan(s) in Access Bank or other banks.
  2. If you apply using a phone number that is not linked to your BVN.
  3. If there is no evidence that you received salary payment in the previous month.
  4. If you have taken previous digital loan and exceeded your eligible amount.
  5. If you have an existing loan and the monthly repayment is higher than your eligible amount.
Where you have existing loans, the equated monthly instalment (EMI)/ monthly repayment(s) will be used in calculating your eligible amount. Your eligibility amount will therefore be 400% of your monthly salary, less any EMI. If the monthly repayment is higher than your eligible amount, you will not be able to take a STPL.
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.
Your STPL will be repayment in twelve monthly instalments every 30 days from the day the loan was taken, and the repayment amount will be automatically deducted from your account.
The interest rate for STPL is 1.7%. Other charges are: 1% Management fee, 0.33% Credit life insurance.
 
Customers are at liberty to pay off their loan at their convenience. Interested customers should send an e-mail to contactcenter@accessbankplc.com to liquidate their loans.
The loan amount will be deducted from any account linked to your BVN.
To be eligible for STPL, you must earn a minimum salary of ₦100,000.
 

Yes, there are. Please see the table below for other instant digital loan products available.

Loan Type

Available to:

Loan Amount

Repayment Plan

PayDay loan

Salary account holders with Access Bank

Up to 75% of monthly salary

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

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).

Deduction will be taken at source from your other bank account

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

Up to 20% of Average Turnover, subject to a max. of ₦50,000

30 days

Salary Advance
(SADV)

Salary account holders with Access Bank who earn a minimum of ₦50,000

Up to 200% of monthly salary

180 days with repayment over Six (6) monthly instalments


Click here for terms and conditions.

Click here to read the Key fact statement for this loan.