PayDay Loan

Salary account holders with Access Bank

Up to 75% of monthly salary

Against next salary payment or 30 days (whichever comes first)

Interest 4%

Management fee 1%

Credit Life Insurance 1%

Penal Charge 1% per month upon default

Other bank customers whose salaries are processed via IPPIS or Remita

Up to 50% of monthly salary, but subject to a max. of
₦500,000

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

Lending Against Turnover (LATO/ILAT)

Customers who maintain an average balance of
₦20,000 over six months

Up to 20% of Average Turnover, subject to a max. of
₦300,000

90 days with repayment over 3 months

Interest from 4% on reducing balance

Management fee 1% Credit Life Insurance 0.5%
Penal Charge 1% per month upon default

LATO
Premium
(PLAT)

Customers who maintain a minimum turnover of N200,000 in
the last 30 days and N500,000 in
the last 6-12 months.

Up to 20% of Average Turnover, subject to a max. of
₦500,000

90 days with repayment over 3 months

Interest 4% on reducing balance

Management fee 1% Credit Life Insurance 1%
Penal Charge 1% per month upon default

LATO Mart
(MLAT)

Customers who maintain a minimum turnover of N500,000 in
the past 6 months is required.

Up to 20% of Average Turnover, subject to a max. of
₦5,000,000

90 days with repayment over 3 months

Interest 4% on reducing balance

Management fee 1% Credit Life Insurance 1%
Penal Charge 1% per month upon default

Salary Advance (SADV)

Salary account holders with Access Bank who earn a minimum of N50,000

Up to 200% of monthly salary

180 days with repayment over six (6) monthly instalments

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

Small Ticket Personal Loan (STPL)

Salary account holders with Access Bank who earn a minimum of N100,000

Up to 400% of monthly salary

365 days with repayment over six (6) monthly instalments

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

Device Finance (DFPS)

Salary account holders with Access Bank & other bank customers

Up to 33% of annual salary, but subject to a max. of
₦500,000

12-months with monthly deductions

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