Access Bank is one of the leading banks in Nigeria, offering a wide range of financial services to its customers. One of the services provided by Access Bank is loans, which can be accessed through a unique code. This code is known as the Access Bank Loan Code, and it allows customers to borrow money from the bank without collateral or a guarantor.
To apply for a loan from Access Bank using the loan code, customers need to dial *901*11#, *426*11# and follow the prompts. The loan amount and interest rate will depend on the customer’s eligibility, which is determined by the bank. Customers can also use the Access Bank Loan App to apply for loans and track their loan status.
Access Bank offers various types of loans, including personal loans, payday loans, salary advance loans, and more. Each loan has its own interest rate and repayment terms, which customers should carefully review before applying. The bank also provides a loan calculator on its website to help customers estimate their monthly payments.
Key Takeaways
- Access Bank Loan Code 90114# allows customers to borrow money from the bank without collateral or a guarantor.
- Access Bank Loan App enables customers to apply for loans and track their loan status.
- Access Bank offers various types of loans, each with its own interest rate and repayment terms.
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Access Bank Loan Code
Access Bank offers its customers a convenient way to access loans with the 90114# loan code. This loan code allows customers to access quick loans without visiting the bank or filling out any paperwork.
To apply for a loan using the 90114# code, customers need to follow a few simple steps. Firstly, they need to dial *901*11#, *426*11# on their mobile phones and follow the prompts. The prompts will guide them through the loan application process. Customers can apply for a loan of up to N500,000 and will receive the loan amount in their Access Bank account within minutes of approval.
One of the benefits of using the *901*11#, *426*11# loan code is that customers can apply for a loan at any time of the day, any day of the week. This means that customers can access loans quickly and conveniently, without having to wait for the bank to open or for a loan officer to be available.
Another advantage of using the *901*11#, *426*11# loan code is that customers do not need to provide any collateral or documentation to apply for a loan. This makes the loan application process faster and more accessible to a wider range of customers.
Overall, the *901*11#, *426*11# loan code is a convenient and accessible way for Access Bank customers to access quick loans. With no collateral or documentation required, customers can apply for loans at any time of the day and receive the loan amount within minutes of approval.
Access Bank Loan App
Access Bank provides a loan app that allows customers to easily access loans without visiting the bank. The app is available for both Android and iOS devices. Here are some of the features and how to use the app.
Features
The Access Bank Loan App offers the following features:
- Instant loans: Customers can access instant loans without collateral.
- Loan calculator: The app comes with a loan calculator that helps customers calculate the amount they can borrow and the repayment period.
- Loan history: Customers can view their loan history and track their repayments.
- Easy repayment: The app allows customers to make loan repayments easily.
How to Use
To use the Access Bank Loan App, follow these steps:
- Download the app: The app is available for download on the Google Play Store and the Apple App Store.
- Register: After downloading the app, register with your Access Bank account details.
- Apply for a loan: Once registered, apply for a loan by selecting the loan option on the app and entering the amount you want to borrow.
- Accept loan offer: If your loan application is approved, you will receive an offer. Accept the offer to receive the loan.
- Repay loan: Repay the loan by selecting the loan repayment option on the app and following the prompts.
In conclusion, the Access Bank Loan App is a convenient way for customers to access loans without visiting the bank. With its instant loan feature, loan calculator, loan history, and easy repayment options, customers can easily manage their loans.
Access Bank Loan Interest Rate
Access Bank offers various loan options to its customers, each with its own interest rate. The interest rate is the amount charged by the bank on the loan amount borrowed. It is important to understand the interest rate before taking out a loan to avoid any surprises later on.
Access Bank Personal Loan interest rate ranges from 28% to 31% per annum. The interest rate is fixed for the duration of the loan. The loan amount can go up to 75% of the net annual salary for applicants with terminal benefits and up to 50% of the net annual salary for applicants without terminal benefits. The loan tenure can be up to 36 months.
Access Bank also offers a Creative Sector Loan with an interest rate of 9% per annum. This loan is designed for customers in the creative industry such as fashion designers, musicians, filmmakers, and more. The loan amount can go up to N10 million, and the loan tenure can be up to 24 months.
For customers who need short-term loans, Access Bank offers a Salary Advance Loan with an interest rate of 28% per annum. This loan is designed to help employees meet their urgent financial needs before their next payday. The loan amount can go up to 50% of the borrower’s net monthly income, and the loan tenure is up to 30 days.
Access Bank also offers a W Power Loan with an interest rate of 15% per annum. This loan is designed for women entrepreneurs who need financial assistance to grow their businesses. The loan amount can go up to N10 million, and the loan tenure can be up to 24 months.
Customers who want to borrow money from Access Bank can do so using the QuickBucks app or by dialing the Access Bank Loan Code *901#. It is important to note that the interest rate may vary based on the loan amount, loan tenure, and other factors.
In summary, Access Bank offers various loan options with different interest rates to meet the needs of its customers. It is important to understand the interest rate and other terms and conditions before taking out a loan. Customers can apply for a loan using the QuickBucks app or by dialing the Access Bank Loan Code.
Access Bank Loan Calculator
Benefits
Access Bank provides an easy-to-use loan calculator on their website that helps customers determine the cost of a loan or line of credit they are considering. The calculator offers several benefits, including:
- Quick and reliable results: Customers can get instant results by entering the loan amount, interest rate, and term of the loan. The calculator also provides a breakdown of the monthly payments and total interest paid over the life of the loan.
- Flexibility: Customers can choose between a fixed-term loan or a line of credit with 2%, 1.5%, or 1% of the outstanding balance.
- Transparency: The loan calculator provides a clear understanding of the loan terms, interest rates, and total cost of the loan, giving customers the ability to make informed decisions.
- Accessibility: The calculator is available on the Access Bank website, making it easy and convenient for customers to access from anywhere.
How to Use
To use the Access Bank loan calculator, customers need to follow these simple steps:
- Go to the Access Bank website and navigate to the loan calculator page.
- Enter the loan amount, interest rate, and term of the loan.
- Choose between a fixed-term loan or a line of credit with 2%, 1.5%, or 1% of the outstanding balance.
- Click on the “Calculate” button to get instant results.
- Review the breakdown of the monthly payments and total interest paid over the life of the loan.
- Adjust the loan amount, interest rate, or term of the loan to see how it affects the monthly payments and total interest paid.
Overall, the Access Bank loan calculator is a valuable tool for customers who want to make informed decisions about their loans or lines of credit. It provides quick and reliable results, flexibility, transparency, and accessibility, making it a convenient and useful resource for customers.
Types of Loans Offered by Access Bank
Access Bank offers a variety of loan options to its customers, ranging from personal loans to salary advance loans. Here are two of the most common types of loans offered by Access Bank:
Access Bank Phone Loan
Access Bank Phone Loan is a type of loan that allows customers to purchase a new phone or upgrade their existing phone. This loan is available to both salary and non-salary account holders, and it can be repaid over a period of six months. The loan amount ranges from ₦10,000 to ₦200,000, and the interest rate is 4% per month. To apply for the Access Bank Phone Loan, customers can dial 90111# on their mobile phones and follow the prompts.
Access Bank Personal Loan
Access Bank Personal Loan is a type of loan that provides customers with funds to meet their personal financial needs. This loan is available to both salary and non-salary account holders, and it can be repaid over a period of 12 months. The loan amount ranges from ₦50,000 to ₦5,000,000, and the interest rate is 3.5% per month. To apply for the Access Bank Personal Loan, customers can visit any Access Bank branch or use the QuickBucks app.
Overall, Access Bank offers a range of loan options to meet the diverse needs of its customers. Whether you need funds for a new phone or for personal expenses, Access Bank has a loan option that can help.
Frequently Asked Questions
How do I check my Access Bank loan balance using a code?
To check your Access Bank loan balance using a code, simply dial *901*11#, *426*11# on your mobile phone and follow the prompts. This code is also used to borrow a loan from Access Bank.
What types of loans does Access Bank offer?
Access Bank offers a variety of loans to meet the needs of its customers. These loans include personal loans, payday loans, business loans, and more. Customers can apply for loans online, through the Access Bank mobile app, or by visiting a branch.
How can I apply for an Access Bank business loan?
To apply for an Access Bank business loan, customers can visit a branch, call the bank’s customer service line, or apply online through the Access Bank website or mobile app. The bank offers a range of business loans, including working capital loans, asset acquisition loans, and more.
What are the requirements for opening an Access Bank salary account?
To open an Access Bank salary account, customers must provide a valid means of identification, such as a national ID card, driver’s license, or international passport. They must also provide proof of employment, such as a letter of employment or pay slip.
What is the process for repaying an Access Bank loan online?
To repay an Access Bank loan online, customers can log in to their account on the Access Bank website or mobile app and follow the prompts to make a payment. They can also set up automatic payments or pay through other channels, such as ATM or bank transfer.
How do I borrow a loan from Access Bank using a USSD code?
To borrow a loan from Access Bank using a USSD code, simply dial 90111# on your mobile phone and follow the prompts. The bank offers a range of loan products, including personal loans, payday loans, and more. Customers can borrow up to a certain amount depending on their eligibility.