Loan Type
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Available to
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Loan Amount
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Repayment Plan
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Pricing
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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% Flat
Management fee 1%
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Other bank customers whose salaries are processed via IPPIS or Remita
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Up to 55% of monthly salary, but subject to a max. of N500,000
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Against next Salary payment or 30 days (whichever comes first).
Deduction will be taken at source from your other bank account
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Credit Life Insurance 0.3%
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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Interest 4%
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LATO Premium
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Customers who maintain an average turnover of
₦200,000 over six 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 Three (3) monthly instalments
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Management fee 1%
Credit Life Insurance 0.5%
Penal Charge 1% per month upon default
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Please note that all these will be take upfront at the
point of disbursal
|
Device Finance
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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 N500,000
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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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Interest 1.9% on reducing balance
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Salary Advance (SADV)
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Salary account holders with Access Bank who earn a minimum of N100,000
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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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Management fee 1% Credit Life Insurance 0.7%
Penal Charge 1% per month upon default
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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
N150,000
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Up to 400% of monthly salary
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365 days with repayment over Twelve (12) monthly instalments
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Interest 1.7% on reducing balance
Management fee 1%
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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