Payday loan

...Because your needs are important to us. We will provide the financing.

Sometimes 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.


  • 24/7 service which does not require visits to the bank and application is done conveniently via *901*11#, *426#, QuickBucks App, Internet Banking, Mobile App.
  • No documentation required.
  • No collateral required.
  • Up to 36 months tenure.

Click    here for Terms & Conditions.

Click   here to read the Key fact statement for this loan

Click   here to download Frequently Asked Questions (FAQs)

Click    here for PayDay Extra Loan Terms & Conditions.

Click   here to read  PayDay Extra Loan  Key fact statement for this loan

Click    here for PayDay Extra  FAQS

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Frequently Asked Questions

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 Payday Loan through any of the following ways:
  • Dial the USSD code *901*11#
  • QuickBucks
    • Download the QuickBucks app, available on the Google Playstore or iOS App Store
    • Or click here to visit the QuickBucks website
  • Go to the Access Mobile App and select Loans & Investments
  • Access Bank Internet Banking and WhatsApp Banking channels
No, it does not. If your salary is processed via Remita, you can also apply for a PayDay Loan. Please note that when you request a PayDay Loan, an Access Bank account will be automatically opened for you and the loan disbursed into this new account.
The interest rate for PayDay Loan is 12% and 11% for third party non-Access Bank customers. Other charges include a 1% management fee, and 0.3% credit life insurance, which are taken upfront.
30 days or your next salary payment, whichever comes first.
The maximum amount (i.e. eligible amount) you can get is 75% of your monthly salary, less any active loans at the Bank; subject to ₦500,000 disbursement cap. Your eligibility is displayed when you request for the loan.
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 there is no evidence that you received salary payment in the previous month.
  • If you have taken other digital loans and exceeded your eligible amount.
  • If you have an existing loan and the monthly repayment is higher than your eligible amount.
Where you have existing loans, the monthly repayment(s) will be used to calculate your eligible amount. Your eligible amount will therefore be 75% of your monthly salary, less any monthly repayment(s). If the monthly repayment is higher than your eligible amount, you will not be able to take a PayDay Loan.
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.
Your PayDay Loan will be due for repayment by your next salary payment or 30 days from the day the loan was taken (whichever comes first). The loan amount will then be automatically deducted from your salary account.
Customers are at liberty to pay off their loan at their convenience. Interested customers can self-liquidate their existing PayDay Loan on the QuickBucks platform. Alternatively, customers can contact Access Bank on +234 700 300 0000 or +234 1 271 2005; send an e-mail to; or visit any Access Bank branch to liquidate their loans.
The loan amount will be deducted from any inflow into the customer’s account. Where the loan us past due, deduction will be made from any account linked to your BVN.
Customers will face a 1% penal charge per month for defaulting on the loan from 31 days past due.

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

Loan Type Available to Loan Amount < Repayment Plan Pricing
PayDayLoan (PDLP) Salary account holders with Access Bank Up to 75% of monthly salary Against next salary payment or 30 days (whichever comes first) Interest 12% Management fee1% Credit Life Insurance 0.3%
Other bank customers whose salaries areprocessed via 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 13% Management fee1% Credit Life Insurance 0.5%
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 Rate: 8%(on reducing balance)

Management Fee:1%

Credit Life
nsurance: 0.7%
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 twelve (12) monthly instalments Interest Rate: 7% (on reducing balance)
Management Fee: 1%
Credit Life Insurance: 1%
Device Finance
Salary account holders with Access Bank & other bank customers Up to 33% of annual salary, but subject to a max. of ₦500,000 365 days with repayment over twelve (12) monthly instalments Interest Rate: 30% (flat)
Credit Life Insurance: 1%

 A new Access Bank account has been opened for me. How can I get the funds?

You will need to visit the nearest Access Bank branch to obtain a debit card and submit documentation for the new account. Documentation required:
  • Valid government issued identification (ID) card i.e. International Passport, Driver’s License, National ID card
  • Recent utility bill
  • Passport photograph
You can also initiate transfers using our USSD platform *901# (please note that you can only transfer ₦20,000 at a time).

Can I use this new account for other transactions?

Yes. The new account is a regular account which you can use to run your day-today transactions.

How do I repay the PayDay loan?

The loan amount will be deducted at source from your next salary payment, meaning the funds will be taken from your salary before the salary hits your account.

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