It is an instant digital loan product which is targeted at Access Bank customers who run supermarkets with their corporate accounts and who meet the Bank’s Risk Acceptance Criteria (RAC). A minimum turnover of N500,000 in the past 6-12months is required.

DBA Basic, Growing, Established, MSME Current and Corporate current account.

You can request for a loan by dialling the USSD code *901*11#.

Yes, your account needs to be in Access Bank. 
 

No collateral is required for this loan.
 

No. Only corporate accounts are eligible for this Loan
 

The loan tenor is 30 days.
 

The pricing varies with the loan tenor as follows:
 

	Fees
Management Fee	1%
Credit Life Insurance	0.15%
Interest	4% flat
Penal Charge	1% per month, upon default

He/she would need to be profiled for the loan and it must be confirmed that he/she owns a Supermarket and is Credible.

20% of trim mean average monthly turnover between 6 months to 1-year subject to a maximum of ₦5,000,000. (Trim mean to eliminate 25% of the months with the highest turnover and 25% of the months with lowest turnover)

The minimum amount you can access is N100,000.

Your eligibility can be affected by any of the following:
1.    If you have any outstanding loan(s) in Access Bank or other Banks.
2.    If you apply using a phone number that is not linked to your BVN. 
 

Once your loan request is successful, your Access Bank account is credited instantly. 
 

As many times as you may like, as long as you have not exceeded your eligible amount. It is however subject to a maximum of three disbursals per day.
 

Your LATO Mart Loan will be due for repayment in 30 days from the date the loan was disbursed into your account.  
 

Customers are at liberty to pay off their loan at their convenience. Interested customers should send an e-mail to contactcenter@accessbankplc.com to liquidate their loans.
 

The LATO Mart Loan amount will be recovered from any inflow into the customer’s account after the repayment is due.