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ACCESS BANK PLC

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6/5/2021

Small Ticket Personal Loans

Up to 200% of your net monthly salary and repay for 6 months with Small Ticket Personal Loans.

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Small Ticket Personal Loans

Access up to 400% of your net monthly salary and repay for 12 months with Small Ticket Personal Loans.

 

Features

  • 24/7 service which does not require visits to the bank and application is done conveniently via QuickBucks App or USSD code *901*11*1#
  • No documentation required
  • No collateral required
  • Twelve (12) months tenor


Download the Quickbucks app using this QR code:

Access Bank - Quickbucks
 

 

FREQUENTLY ASKED QUESTIONS (FAQs):

It is an instant digital loan product which is targeted at salary earners who meet the Bank’s Risk Acceptance Criteria (RAC).
You can request for a STPL through any of the following ways:
  • Dial the USSD code *901*11*1#
  • Download the QuickBucks App, available on Google Playstore or Apple App Store.
Yes, your account needs to be in Access Bank and needs to be active for at least three (3) months.
Twelve (12) months/360 days
The maximum amount (i.e. eligible amount) you can get is 400% of your monthly salary, less any active loans at the Bank. Your eligibility is displayed when you request for the loan.
Your eligibility will 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.
  3. If there is no evidence that you received salary payment in the previous month.
  4. If you have taken previous digital loan and exceeded your eligible amount.
  5. If you have an existing loan and the monthly repayment is higher than your eligible amount.
Where you have existing loans, the equated monthly instalment (EMI)/ monthly repayment(s) will be used in calculating your eligible amount. Your eligibility amount will therefore be 400% of your monthly salary, less any EMI. If the monthly repayment is higher than your eligible amount, you will not be able to take a STPL.
Once your loan request is successful, your Access Bank account is credited immediately.
As many times as you may like, as long as you have not exceeded your eligible amount.
Your STPL will be repayment in twelve monthly instalments every 30 days from the day the loan was taken, and the repayment amount will be automatically deducted from your account.
The interest rate for STPL is 1.7%. Other charges are: 1% Management fee, 0.33% Credit life insurance.
 

Yes; log on to your QuickBucks app/Web. You can also send an e-mail to contactcenter@accessbankplc.com to liquidate your loans.

The loan amount will be deducted from any account linked to your BVN.
To be eligible for STPL, you must earn a minimum salary of ₦100,000.
 

Yes, there are. Please see the table below for other instant digital loan products available.

Loan Type

Available to:

Loan Amount

Repayment Plan

Pricing

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 0.3%
- 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 ₦500,000Up 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

- Interest 5%
- Management fee 1%
- Credit Life Insurance 0.3%
- Penal Charge 1% per month upon default

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 0.5%
- 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 0.5%
- 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 2.9% 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


Click here for terms and conditions.

Click here to read the Key fact statement for this loan.