Access Bank Loans: Your Quick and Reliable Financial Solution

Are you an Access Bank account holder in need of a quick loan? The Access Bank loan service has got you covered. While online lenders have gained popularity in Nigeria, Access Bank remains one of the best and most reliable loan providers. With low-interest rates and minimal disruptions, Access Bank offers a variety of loans tailored to both businesses and individuals. What’s even better is that you don’t need collateral to access these loans. You can get your loan disbursed into your account in minutes, all with just your phone. In this comprehensive guide, we’ll explore everything you need to know about Access Bank loans, including eligibility criteria, application methods, interest rates, and repayment options.

About Access Bank Loan

Access Bank is one of the largest financial institutions in Nigeria, offering a wide range of products and services to meet the diverse needs of its customers. Among its sought-after services is the Access Bank loan facility, designed to provide financial assistance to individuals and businesses. Similar to popular online loan apps in Nigeria, you can apply for Access Bank loans without the need for collateral or a guarantor. The application process is swift, and if approved, your account will be credited within minutes.

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Types of Loans Offered By Access Bank

Access Bank provides various types of loans to cater to different financial needs:

1. Creative Sector Loan

The Creative Sector Loan is ideal for individuals in creative industries such as fashion design, art, and music. To qualify, you’ll need a business plan or a statement outlining your funding requirements to take your business to the next level.

2. Lending Against Turnover (LATO)

The LATO loan is suitable for those who require a quick cash injection to meet urgent personal needs. To secure this loan, you need a phone number linked to your BVN and evidence of salary payment in the previous month.

3. Personal Loans

Personal Loans from Access Bank are designed for various personal needs, including medical bills or vacations. To apply, you’ll need a completed application form, employer’s confirmation form, employment ID copy, BVN, credit checks, and a letter of lien.

4. Salary Advance Loan

The Salary Advance Loan allows employees to access up to 100% of their net monthly salary without documentation or collateral. The repayment period is three months, and you can easily apply using the Access Bank loan code.

5. Small Ticket Personal Loan

With a loan tenor of about 12 months, this option offers 400% of your monthly net salary. To qualify, you need a phone number linked to your BVN and evidence of salary payment in the previous month.

6. W Power Loan

The W Power Loan is aimed at female entrepreneurs and requires the business to be 50% female-owned, operational for a minimum of one year, and have a minimum staff strength of two people. It empowers female entrepreneurs and supports women-led businesses in Nigeria.

7. Advance for School Fees

Parents can benefit from the Advance for School Fees Loan, which helps cover their children’s educational expenses. To apply, you need a completed application form, an accepted offer letter, a school fees bill/invoice in the student’s name, a valid ID card, and a recent utility bill from the last three months.

Among all the loan types offered by Access Bank, the Payday or Personal loan is the only one that can be applied for using the Access Bank loan code.

How to Be Eligible for Access Bank Loan

Before you can use the Access loan code to apply for a loan from Access Bank, you must meet certain eligibility criteria:

  • You must be at least 18 years old.
  • You must have an active account with Access Bank.
  • You should have a source of income.
  • You must have a good credit history.
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Once you meet these requirements, you can apply for an Access Bank loan via USSD code, the Access Bank Mobile App, Access Bank Website, or by visiting Access Bank Branches.

Access Bank Loan Code

To access an Access Bank loan using the USSD code, simply dial *901*11# and follow the prompts to select the type of loan you wish to apply for. Enter your personal details, the loan amount, and select your preferred loan tenure. Confirm your loan request, and your loan will be processed. After using the code, your loan application will be reviewed, and if approved, the loan will be disbursed into your Access Bank account.

How to Borrow Money from Access Bank Using the App (QuickBucks)

In addition to using the Access Bank phone loan code, you can also use the QuickBucks app to apply for a loan. Here’s how:

  1. Download QuickBucks from your app store.
  2. Enter your email address and BVN-linked phone number.
  3. An OTP will be sent to you via SMS for verification.
  4. Upon OTP validation, create an app password (used for app login) and a PIN (used in transactions).
  5. Log in to the app.
  6. Click on the “Borrow” option.
  7. Enter the amount you want to borrow.
  8. Select your preferred loan tenure.
  9. Submit your loan application.
  10. Once approved, the loan will be disbursed into your Access Bank account.

How to Borrow Money from Access Bank Branch

If you prefer a face-to-face approach, you can visit an Access Bank branch to apply for a loan. Follow these steps:

  1. Visit your nearest Access Bank branch with valid identification and address verification documents.
  2. Inquire about their loan services and request a loan application form.
  3. Complete the form for your desired loan and submit it along with relevant documents such as your passport, driver’s license, and utility bill.
  4. Your loan application will be reviewed, and if it meets the bank’s requirements, it will be approved.
  5. Once approved, the loan amount will be disbursed into your account, and you’ll receive a copy of the loan agreement.
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Access Bank Loan Interest Rate for 2023

The interest rates for Access Bank loans vary depending on the type of loan:

  • Payday loan: 6.5% flat interest rate.
  • Small ticket and salary advance loans: 10% interest rate.
  • Creative sector loan: 9% interest rate.

Please note that these rates are subject to review in line with prevailing market conditions.

How to Repay Access Bank Loan

Repaying your Access Bank instant loan is straightforward. Ensure you have enough money in your account to cover the loan amount on the due date, and Access Bank will automatically deduct the loan amount. You’ll receive a notification (SMS and/or email) confirming your loan repayment. Once your loan is cleared, you can use the USSD code to borrow money from Access Bank for another loan.

Access Bank Loans – FAQs

1. How much can I borrow from Access Bank?

The loan amount you can access from Access Bank depends on the type of loan and your eligibility. Access Bank personal loans can range up to N50,000.

2. Does Access Bank have a loan app?

Yes, Access Bank offers a loan app called QuickBucks, available for download on the Google Play Store and Apple App Store, making it convenient to apply for a loan.

3. Can a student get a loan from Access bank?

Yes, students can obtain loans from Access Bank, provided they meet the bank’s eligibility criteria and submit the required documents to support their loan application.

4. How do I borrow ₦300,000 from Access Bank?

To borrow ₦300,000 from Access Bank, you can visit the bank’s website or branch to apply for a loan, or you can use the Access Bank loan code to access this amount. Ensure you meet the bank’s eligibility requirements and provide the necessary documents.

5. What is the code for Access Bank salary advance?

The code for Access Bank salary advance is 90111#.

6. What is the code for Diamond Access loan?

The code for Diamond Access loan is 90111#.

7. What is the code to borrow a loan from Access Bank?

The code to borrow a loan from Access Bank is 90111#. Simply dial the code and follow the prompts to apply for a loan.

8. How can I get Access Bank loan without collateral?

You can obtain an Access Bank loan without collateral by applying for a payday loan or salary advance. These loans are tailored to meet short-term financing needs and do not require collateral.

9. What is the code to check my Access Bank loan balance?

To check your Access Bank loan balance, dial 90111# and follow the prompts.

10. How do I get an Access Bank phone loan?

To get an Access Bank phone loan, you can download the QuickBucks loan app from the Google Play Store or Apple App Store. You can also dial the Access loan code and follow the prompts to apply for a loan.


Access Bank offers a diverse range of loan options to meet the financial needs of its customers, from personal loans to business loans, salary advances, and payday loans. With the convenience of the QuickBucks app and the simplicity of the USSD loan code, Access Bank provides competitive interest rates, flexible repayment terms, and, in some cases, no collateral requirements. Before applying for a loan, be sure to thoroughly read and understand the loan terms and conditions to ensure timely repayment. With this comprehensive guide, you can easily access the loans that suit your specific financial goals.

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