Access Bank Payday Loan – All You Need to Know

Access Bank stands as a pillar in Nigeria’s financial landscape, offering reliable services to the public. From seamless transactions to wealth management, Access Bank is dedicated to creating and managing wealth for its customers. However, emergencies can strike unexpectedly, and waiting for your next payday might feel like an eternity. That’s where Access Bank’s Payday Loan comes into play.

In this post, we’ll delve into the details of Access Bank’s Payday Loan, including eligibility criteria, application process, repayment terms, and interest rates.

Access Bank Payday Loan – An Instant Solution:

The Access Payday loan is a digital credit facility that provides instant loans to eligible customers. Once the application is received and approved, funds are disbursed without delay. Approval hinges on Access Bank’s Risk Acceptance Criteria (RAC), which determines if you meet their lending requirements.

Eligibility Criteria:

To be eligible for an Access Bank payday loan, you must meet the following criteria:

  1. No outstanding loans in Access Bank or any other bank.
  2. A phone number linked to your BVN.
  3. Evidence of salary payment in the previous month.

Loan Amount:

The maximum loan amount is based on a percentage of your monthly income. For Access Bank salary account holders, you can qualify for up to 75% of your monthly salary. If you receive your salary through another bank, processed via IPPIS or Remita, you can borrow up to 50% of your monthly salary, not exceeding NGN 500,000.

Application Process:

Access Bank has made it easy to apply for the payday loan. It’s a digital product, so physical application isn’t necessary. You can access the loan through various channels, including the USSD code – 90111*1#, Internet Banking, WhatsApp Banking, Access Mobile App, and QuickBucks App. The application process typically takes up to 24 hours, after which the funds are disbursed.

Repayment Terms:

Repayment of your Access Bank payday loan can be done either with your next salary payment or within 30 days from the day you received the loan. There’s no need for a complex repayment process; the loan amount is automatically deducted from your salary bank account.

Interest Rates:

The interest rate for the Access Bank payday loan is a flat 3%, subject to prevailing market conditions. It’s important to note that individual interest rates may differ from this standard. Before applying for a loan, ensure you make all necessary inquiries from the bank.


Facing financial difficulties is never easy, but with Access Bank’s payday loan, you have a reliable solution for unexpected rainy days. As a salary or steady income earner, this option provides much-needed relief during emergencies. Remember, it’s crucial to explore all available options, and you can also consider Zenith Bank’s offerings for additional choices.

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