If you need an advance, salary Advance can come through before your salary is paid.Open an account now
Get access to a bouquet of loans to suit your personal needs when you open a salary account today. You also get a 5% interest rate reduction on loans.
The convenient, secure way to carry out your banking operations anytime.
Frequentlly Asked Questions
You can request for a Salary Advance Loan through any of the following ways:
The maximum amount (i.e. eligible amount) you can get is 200% of your monthly salary, less any active loans at the Bank; subject to ₦1,000,000 disbursement cap. Your eligibility is displayed when you request for the loan.
To qualify for Salary Advance, you must earn a minimum ₦50,000.
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 200% 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 Salary Advance loan.
As many times as you may like, as long as you have not exceeded your eligible amount.
Your Salary Advance loan will be repayment in three (3) monthly instalments every 30 days from the day the loan was taken (anniversary date), and the repayment amount will be automatically deducted from your account.
Customers are at liberty to pay off their loan at their convenience. Interested customers should contact Access Bank on +234 700 300 0000 or +234 1 271 2005; send an e-mail to firstname.lastname@example.org; or visit any Access Bank branch to liquidate their loans.
Customers will face a 1% penal charge per month for defaulting on the loan from 31 days past due.
|Loan Type||Available to||Loan Amount||Repayment Plan||Pricing|
|PayDay Loan (PDLP)||Salary account holders with Access Bank
||Up to 75% of monthly salary||Against next salary payment or 30 days (whichever comes first)||
- Interest 10%
|Other bank customers whose salaries are processed 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 11%
- Management fee 1% Credit Life
- Insurance 0.3%
|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)