...Because your needs are important to us. We will provide the financing.
Open an account nowSometimes emergencies arise before payday and you might be low on cash. This is where PayDay Loan comes in. Payday Loan is an instant loan product for customers (both salary and non-salary earners). With Payday Loan, you can borrow money at a low-interest rate with no documentation or collateral needed.
You can get access to an instant loan by dialing *901*11#, *426*11# or via Internet Banking, WhatsApp Banking, Access Mobile App and QuickBucks App.
Features
Click here for Terms & Conditions.
Click here to read the Key fact statement for this loan.
Frequently Asked Questions
Loan Type | Available to | Loan Amount < | Repayment Plan | Pricing |
---|---|---|---|---|
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 Rate: 10% (on reducing balance) Management Fee: 1% Credit Life Insurance: 0.7% |
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 twelve (12) monthly instalments | Interest Rate: 10% (on reducing balance) Management Fee: 1% Credit Life Insurance: 1% |
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 | 365 days with repayment over twelve (12) monthly instalments | Interest Rate: 30% (flat) Credit Life Insurance: 1% |
Latest News