STOCK

ACCESS BANK PLC

9.00

-0.10

26/11/2021

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):

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.
 
It is an instant digital loan product which is targeted at salary earners who meet the Bank’s risk acceptance criteria (RAC).
 
The interest rate for Salary Advance is 3.7% on reducing balance. Other charges includes a 1% management fee, and 1% credit life insurance, which are taken upfront.
 
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 Small Ticket Personal Loan.
 
The loan amount will be deducted from any inflow into the customer’s account. Where the loan us past due, deduction will be made from any account linked to your BVN.
 
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.
Customers will face a 1% penal charge per month for defaulting on the loan from 31 days past due.
 
To be eligible for Small Ticket Personal Loan, you must earn a minimum salary of ₦100,000.
 
The maximum amount (i.e. eligible amount) you can get is 400% of your monthly salary, less any active loans at the Bank; subject to ₦2,000,000 disbursement cap. Your eligibility is displayed when you request for the loan.
 
As many times as you may like, as long as you have not exceeded your eligible amount.
 
Once your loan request is successful, your Access Bank account is credited instantly. However, in some rare cases, it may take up to 24 hours to process before disbursement into your account. In such an event, we will notify you of any delays.
 
You can request for a Small Ticket Personal Loan through any of the following ways:
  • Dial the USSD code *901*11#
  • QuickBucks
    • Download the QuickBucks app, available on the Google Playstore or iOS App Store.
    • Or click here to visit the website
Yes, your account needs to be in Access Bank and needs to be active for at least six (6) months.
 
Customers are at liberty to pay off their loan at their convenience. Interested customers should contact Access Bank on +234 700 300 0000 or +234 1 271 2005; send an e-mail to contactcenter@accessbankplc.com; or visit any Access Bank branch to liquidate their loans.
 

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
(PDLP)

Salary account holders with Access Bank

Up to 75% of monthly salary

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

Interest 5%

Management fee 1%

Credit Life Insurance 0.3%

Other bank customers whose salaries are processed via Remita

Up to 50% of monthly salary, but subject to a max. ₦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 6%

Management fee 1%

Credit Life Insurance 0.3%

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 Rate: 3.9% (on reducing balance)

Management Fee: 1%

Credit Life Insurance: 0.7%

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

365 days with repayment over twelve (12) monthly instalments

Interest Rate: 27% (flat)

Credit Life Insurance: 1%

*Please note that all fees 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.