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PayDay Loan
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Salary account holders with Access Bank
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Up to 75% of monthly salary
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Against next salary payment or 30 days (whichever comes first)
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Interest 4%
Management fee 1%
Credit Life Insurance 1%
Penal Charge 1% per month upon default
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Other bank customers whose salaries are processed via IPPIS or Remita
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Up to 50% of monthly salary, but subject to a max. of
₦500,000
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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
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Lending Against Turnover (LATO/ILAT)
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Customers who maintain an average balance of
₦20,000 over six months
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Up to 20% of Average Turnover, subject to a max. of
₦300,000
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90 days with repayment over 3 months
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Interest from 4% on reducing balance
Management fee 1% Credit Life Insurance 0.5%
Penal Charge 1% per month upon default
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LATO
Premium
(PLAT)
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Customers who maintain a minimum turnover of N200,000 in
the last 30 days and N500,000 in
the last 6-12 months.
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Up to 20% of Average Turnover, subject to a max. of
₦500,000
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90 days with repayment over 3 months
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Interest 4% on reducing balance
Management fee 1% Credit Life Insurance 1%
Penal Charge 1% per month upon default
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LATO Mart
(MLAT)
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Customers who maintain a minimum turnover of N500,000 in
the past 6 months is required.
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Up to 20% of Average Turnover, subject to a max. of
₦5,000,000
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90 days with repayment over 3 months
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Interest 4% on reducing balance
Management fee 1% Credit Life Insurance 1%
Penal Charge 1% per month upon default
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Salary Advance (SADV)
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Salary account holders with Access Bank who earn a minimum of N50,000
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Up to 200% of monthly salary
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180 days with repayment over six (6) monthly instalments
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Interest 1.9% on reducing balance
Management fee 1% Credit Life Insurance 0.7%
Penal Charge 1% per month upon default
Please note that all these will be take upfront at the
point of disbursal
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Small Ticket Personal Loan (STPL)
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Salary account holders with Access Bank who earn a minimum of N100,000
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Up to 400% of monthly salary
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365 days with repayment over six (6) monthly instalments
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Interest 1.9% on reducing balance
Management fee 1%
Credit Life Insurance 0.7%
Penal Charge 1% per month upon default
Please note that all these will be take upfront at the
point of disbursal
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Device Finance (DFPS)
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Salary account holders with Access Bank & other bank customers
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Up to 33% of annual salary, but subject to a max. of
₦500,000
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12-months with monthly deductions
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Mark-up fees vary: Devices are purchased at discounted rates and sold at market value
Credit Life Insurance 1%
Penal Charge 1% per month upon default
Please note that all these
will be take upfront at the point of disbursal
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