Access Agent Loan
Access up to N1 million with Access Agent Lending.
Frequently Asked Questions
It is an instant digital loan product which is targeted at Access CLOSA Agents to bridge liquidity and funding gaps.
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 5% Management fee 1% Credit Life Insurance 0.3% 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 |
Interest 6% Management fee 1% Credit Life Insurance 0.3% Penal Charge 1% per month upon default |
|
|
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 5% on reducing balance Management fee 1% Credit Life Insurance 0.5% Penal Charge 1% per month upon default |
|
LATO Premium |
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 5% on reducing balance Management fee 1% Credit Life Insurance 0.5% Penal Charge 1% per month upon default |
|
Salary Advance |
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 3.9% 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 |
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 3.7% on reducing balance Management fee 1% 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 |
|
Device Finance |
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 |
Once your loan request is successful, your Access Bank account is credited instantly. However, it may take up to 24 hours to process before disbursement into your account. In such an event, we will notify you of any delays.
As many times as you may like, as long as you have not exceeded your eligible amount.
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.
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