How to Borrow Money from Access Bank, the Loan Requirements and the Code to Use

To borrow money or secure a loan from Access Bank, dial *901*11# or *426*11# and follow the prompt. There are other ways to borrow money which include internet banking, mobile app, and visit to the bank.

Historically, one reason why banks were created was to provide loans. In this vain, Access Bank has fashioned different ways to provide loans to the public. As the bank’s strength grew, people have been able to take out much bigger loans. These loans come in different forms for different people. There are cash-backed loans, creative sector loans, device finance, payday loans, advance for school fees loans, N Power loans, and salary advance loans.

While borrowing from Access Bank is possible, one can only be eligible when they meet some terms and conditions of the bank. The bank offers many of these loans without collateral but with interest, which is determined by the type of loan scheme you opt for.

How to Borrow Money from Access Bank

To borrow money from Access Bank, depending on the type of loan you want, you can do that using your mobile phone, walking to any branch of Access Bank, or filling a form on the official website of the Bank. Access Bank has different packages when it comes to loans. These packages require different methods of application.

However, the fastest and easiest way to get a loan from the Bank is through the use of the *901*11# USSD code or *426*11#. Alternatively, one can access it through Whatsapp Banking, Access Mobile App, and QuickBucks App.

Access Bank Quick Loan Code

The Access Bank quick loan code is *901*11#. This code is available to all Access Bank customers and can be used to apply for a payday loan. The process of applying for a loan using this code is simple and straightforward. To get started, dial *901# on the phone number linked to your Access Bank account and follow the prompt.

How to Get Loan from Access Bank

To get a loan from Access Bank, there are several options available. You can apply for a personal loan which is designed to help you achieve your future plans. The loan amount can be up to 75% of your net annual salary (for applicants with terminal benefit) or up to 50% of your net annual salary (for applicants without terminal benefit). The tenure for the loan can be up to 36 months and credit life insurance is included. To apply for a personal loan, you will need to fill out an application form, provide an employee status inquiry/employer’s confirmation form, and submit evidence of confirmation (letter of confirmation, last promotion letter, etc.). You will also need to provide a copy of your employment ID and valid means of identification. BVN credit checks and a letter of lien/set off will also be required.

Alternatively, you can opt for a payday loan which provides instant access to funds. You can apply for this type of loan by dialing *901*11#, *426*11# or via Internet Banking, WhatsApp Banking, Access Mobile App and QuickBucks App.

How to Borrow Money from Access Bank with USSD Code  

To borrow money from Access Bank in Nigeria with USSD code, you can use the USSD code *901*11#. Here are the steps to follow:

  • Ensure that you have an Access Bank account.
  • Register for Access Bank’s mobile banking.
  • Get a mobile banking authentication PIN or token.
  • Link your mobile phone number to your Access Bank account.
  • Dial the Access Bank loan code: *901*11#.
  • Follow the instructions on your phone screen to request a loan.

You will be required to provide your personal information such as your name, address, date of birth, etc., as well as details about your income and monthly expenses. You can also upload a copy of your ID card or passport if you want to make it easier for them to verify your identity.

Types Of Access Bank Loans and Their Requirements

1. Access Agent Loan For Access CLOSA Agents

The Access Agent Loan is an instant digital loan product that is targeted at Access CLOSA Agents (authorized people who perform banking transaction duties on behalf of Access Bank). This type of loan can be accessed through QuickBucks online or through the App. One can request this type of loan as many times as possible and upon that, the account from which the loan is requested will be automatically credited.

Requirements for Access Agent Loans

  • You have to be an Acces CLOSA Agent
  • You have to use the phone number linked to your BVN
  • Process 10 or more transactions a day to qualify
  • The loan amount to be given to you is 25% of the daily average transaction value, over a 30-day period.
  • If you have an existing loan, the monthly repayment should be lesser than your eligible amount.
  • You have to pay back the loan within 48 hours (2 days) of collecting the loan. Failure to pay the loan in due time attracts a flat interest of 1%.
  • The interest rate for the loan is 0.5 flat at the time of this writing.
How to borrow from Access Bank
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2. Consumer Asset Lease to Get Electronics and Household Items

This type of loan is not in money form but allows for access to many electronics and household items even without cash at hand. However, you’ll need to pay for any item received within 24 months.

This type of loan is available for salaried customers and business owners who are registered to the bank. The types of assets available here include

  • Generating Sets
  • Inverters
  • Microwave Ovens
  • Fridge-Freezers
  • Furniture Set
  • Air Conditioners
  • Washing Machines
  • Gas and Electric Cookers
  • TV, Stereos, and Karaoke Sets

What You Need To Get the Asset Lease

  • Visit the bank and fill the loan application form
  • Submit it with a confirmation letter or promotion letter
  • You need a letter of authority or an irrevocable letter of domiciliation
  • Offer letter
  • Executed Term sheet
  • Letter of lien/set-off
  • Credit checks
  • Valid means of identification
  • Document attestation
  • Salary bank statement/Payslips (New to bank customers)
  • Standing instruction for renewal of credit life insurance
  • Pro-Forma invoice from an approved vendor
  • Board/simple resolution (for business owners)

3. Cash-Backed Loan

This is one of the easiest loans to get from Access Bank. Nonetheless, this type of loan is only available to Access Bank customers who have Fixed Deposit investments with the bank as well as being able to meet the Bank’s Risk Acceptance Criteria (RAC).

The bank only offers up to 85% of a total amount in one’s investment account with a maximum loan of 10 million Naira. The Cash-Backed loan is usually due for repayment within the first 12 months of collection. Also, the repayment will automatically be done every 30 days from the initial day of the collection of the loan.

You can get the loan by dialing *901*11*2# on your mobile phone. If you’re eligible, your request will become successful and the amount requested will automatically be credited into your account.

Requirements To Get the Cash-Backed Loan

  • You must be an account holder of Access Bank Fixed Account investment.
  • You must have a qualifying investment before you can be eligible
  • The phone number you’ll use has to be linked to your account and Bank Verification Number (BVN)
  • Your account must not be used as collateral for another loan.
  • You must be free from outstanding loans from either Access Bank or any other bank.

4. Access Mikano Auto Deal Loans to Get New Cars

This type of loan allows you to get brand new Geely cars and ZNA trucks from Mikano International Limited through the bank’s vehicle finance product for a 5% initial interest rate per annum.

Requirements and Other Features

  • Get a Proforma invoice in the required format Name/Access bank PLC from any Mikano International outlet
  • You’ll need to pay up your loan within 48 months of receiving
  • The interest rate of 5% for the first year of getting the loan
  • Trade-in opportunity available after 4 years of use
  • A discount comprehensive insurance rate at 2.5% of the invoice value
  • Fill an interest form via this link

5. Access Bank Creative Sector Loan For Individuals and Businesses

To gain access to this type of loan, you must draft a business plan that will include a financial plan, economic benefits, and three years’ financial projections. In the business plan, there must be an inclusion of proposed loan disbursement and vivid details of how the money will be repaid.

The creative sector loan has an interest rate of 9% yearly with a maximum repayment period of 3 years for Software Engineering Students loans and 10 years for others.

Who is Eligible for the Creative Sector Loans?

The creative sector loan which was initiated by the Central Bank of Nigeria (CBN) was created for the following sectors:

  • Fashion
  • Information Technology
  • Movie Production
  • Movie Distribution
  • Music
  • Software Engineering Student Loan

What You Need to Qualify For This Loan

  • Your business has to be entirely Nigerian-owned.
  • Design a suitable business plan (the bank has consultants to assist customers with the preparation of business plans at a discounted rate).
  • Existing companies must submit a 3-year audited account while companies with less than 3 years can submit a Statement of Affairs.
  • The borrower must have a good credit history with a minimum of 2 Credit Reports for the company and each director.
  • The loan applicant should make a minimum of 30% equity contribution and proof to be given when forwarding the application to CBN.
  • Fill a form at the bank or fill the form online by visiting this link.

6. Device Finance Loan 

This type of loan allows for Access Bank customers to get a mobile device or MTN airtime bundles. Follow these steps to get the loan:

  • Download the Quickbucks app from a Google play store or IOS store
  • Input your email address – the BVN linked to your mobile number
  • Once this is done, you will receive an OTP via SMS.
  • Use the OTP to verify your number
  • Create an app password and a transaction PIN
  • Enter your name, salary account name, address, location, BVN, and other personal details
  • Accept terms and condition
  • Click on Device Finance
  • Select the phone you desire
  • Click on Get This Device
  • Accept terms and conditions
  • Through an email, the borrower will receive a transaction code alongside the requirement for pickup device

What You Need To Get the Device Finance Loan

  • Must have a salary account with Access Bank
  • Must be willing to provide the bank with your personal information.
  • Must be willing to maintain the bank to keep his/her salary account for as long as the loan is not returned fully.
  • Must know that there is an interest rate and penalty for inability to pay the loan after 11 days, 45 days, and 60 days after the due date.
  • The borrower has to acknowledge that if there is a failure to pay the debt, the bank will have the authority to automatically withdraw from any account linked to your BVN.

7. Lending Against Turnover (LATO) Loan Service

To get the LATO loan, dial *901*11# from your mobile device using the phone number that is registered to your account and BVN. This type of loan is not only for salary earners but for all Access Bank customers who have been banking with the bank for 6 months before the time of borrowing. This borrowing does not require any formal documents but is due for 90 days (3 months) and only a maximum of 300,000 Naira is given by the bank.

Requirements to Borrow Using the LATO Loan Service

  • An active Access Bank account of not less than 6 months
  • An active line linked to your account
  • This type of loan does not require collateral or any form of documentation
  • You must not have any outstanding loans whether in Access or any other bank
  • You must have received a minimum inflow of N20,000 in the last 30 days

8. Access Bank Eazy Buy Finance Scheme Loan 

To get the Eazy Buy loan that allows you to get brand new GAC motors for about N240,000 monthly, you need to fill an application form and a member of the Eazy Buy scheme will reach out to you. This type of loan is only available to salary earners or business owners whose businesses are verified. Offer valid till December 31st, 2020.

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9. Personal Loan

This type of loan is for employees or different organizations. It is flexible and the loan can amount to up to 75% of net annual salary for applicants with terminal benefits and 50% for applicants without terminal benefits. The loan is due for 36 months (3 years).

Requirements for Receiving Personal Loan

  • Completed Application form and loan application form
  • An employee status inquiry/employer’s confirmation form
  • Confirmation letter or promotion letter
  • Employment ID and any other valid means of identification
  • BVN
  • Credit checks
  • Letter of Lien/Set-off
  • Letter of authority or irrevocable letter of domiciliation
  • Offer letter
  • Executed term sheet
  • Document Attestation
  • Salary bank statement/payslips
  • Standing instruction for renewal of credit life insurance
Access Bank
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10. Access Bank PayDay Loan

The code for the PayDay loan is *901*11*1#. The loan is also available for application through Internet Banking, Access Mobile App, QuickBucks App, ATM, and Whatsapp. The PayDay loan is for both Access Bank users and other salary earners whose salaries are processed via Remita or IPPIS. However, if you do not have an account with the bank, an account will be opened for you by Access Bank and the loan will be credited into the count.

The tenor of the loan is 31 days and borrowers can get it through their accounts immediately it is successful.


  • The borrower should be a salary earner who has met Access Bank’s Risk Acceptance Criteria (RAC)
  • If you will use the USSD code, the borrower’s mobile number must be linked to his account and BVN
  • The borrower must accept a series of terms and conditions of the bank

11. Access Bank Advance For School Fees Loan

  • Download the form fill it correctly
  • Attach your electronic signature
  • Send the form to [email protected]
  • If the request is accepted, the bank will send a letter to the borrower
  • The borrower will receive the funds

Documents Needed To Get The Loan

  • Loan application form
  • Confirmation of promotion letter
  • A letter of authority or irrevocable letter of domiciliation
  • Offer letter
  • Executed term sheet
  • Letter of lien/set-off
  • Credits checks
  • Valid means of identification
  • Document attestation
  • Salary bank statement/Payslip for borrowers who are new customers to the bank
  • Standing instruction for renewal of credit life insurance
  • Admission letter
  • Tuition Bill

The advance for school fees repayment is decided for a period of 4-6 months with an interest rate of 18% every year, a management fee of 1%, and Credit Life Insurance at 0.5%.

12. Salary Advance

Access Bank
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To request for salary advance loan, dial *901*11*1# or download the QuickBucks App from Google Playstore or Apple store. The loan is accessible to people who have salary accounts with Access Bank and can borrow up to 200% of what you earn every month as salary which you pay within 6 months. Those who intend to borrow using this scheme can get access to it at any time of the day, 7 days a week.


  • The salary earner willing to borrow must meet Access Bank’s Risk Acceptance Criteria (RAC)
  • The salary account has to be active for at least 3 months
  • The application should be done using a phone number that is linked to your BVN
  • You have to earn a minimum of N50,000 to be eligible for this type of loan.

13. Small Ticket Personal Loans (STPL)

You can request this type of loan by using Access Bank USSD code *901*11*1# or by using the QuickBuck App. STPL is an immediate loan that can be gotten through digital means by salary earners who are able to meet Access Bank’s Risk Acceptance Criteria (RAC).

Through this loan scheme, salary earners can get up to 400% of their monthly earnings. Once you get the STPL loan, you’ll be expected to pay within 12 months.


  • The borrower must have a salary account with Access Bank
  • Your Access Bank account has to be active for a minimum of 3 months
  • The phone number you use to borrow the money has to be linked to your BVN

14. How To Get AutoClub by Access Loan

This type of loan allows for one to borrow automobiles or have access to maintenance of automobiles of different sorts. The loan is accessible to salary earners and can pay within 48 months (4 years).

General Requirements

  • Must fill a vehicle lease application form
  • Proforma invoice from any of the Bank’s approved vendors
  • Credit checks
  • Blank transfer of ownership form

Requirements for Salary Earners

  • Completed vehicle finance application form
  • Pro-form invoice addressing Access Bank/customer’s name
  • For pre-owned vehicles, you have to present proof of vehicle inspection report and agreement
  • Staff Identity card
  • Credit checks
  • Executed offer letter
  • Executed term sheet
  • Blank transfer of ownership

Additional Document for Business Enterprises and Corporates

  • One (1) year bank statements (other banks)
  • Simple Resolution
  • Certificate of business registration & Form of application of registration of business name

Additional Document for Incorporated Companies

  • Recent (two) 2 years audited financials or management account
  • Board Resolution
  • CAC documents (CAC 2, CAC 7, Certificate of Incorporation)
  • Personal guarantee and notarized statement of the net worth of a director

15. Access Bank Home Loans

This type of loan helps in bridging the financial gap that causes people to not be able to acquire landed properties. However, home loans are only available to salary earners and business enterprises. These landed properties are available in Lagos, Abuja, and Port Harcourt and one can pay for up to 10 years.


  • Loan Application Form
  • Confirmation Letter or Promotion Letter
  • Letter of Authority or Irrevocable letter of Domiciliation
  • Offer letter
  • Executed Term sheet
  • Letter of Lien/Set-off
  • Credit Checks
  • Means of Identification
  • Document Attestation
  • Salary bank statement/Payslips (New to bank customers)
  • Standing instruction for renewal of Credit life insurance
  • Offer of sale for the property
  • Search report
  • Charting report
  • Property valuation report
  • Duly executed Deed of Assignment (6 copies)
  • Original survey plans in the name of the assignee or letter of authority to debit for the same
  • Duly executed Land Form 1c
  • Legal Mortgage (LM) / Third Party Legal Mortgage (TLM) Engrossment (6 copies)
  • Tax clearance

16. Maternal Health Service Support (MHSS)

This loan gives room for families to have access to fertility-related procedures in a flexible, highly subsidized, and through well-known fertility clinics. One of the advantages of this type of loan is that once an IVF is conducted and turns unsuccessful, Access Bank who partners with a health management company will see to it that 30% of your cash is returned.


  • You don’t have to be an Access Bank account holder
  • Loan Application Form (Link to fill the form)
  • Confirmation Letter or Promotion Letter
  • Letter of Authority or Irrevocable letter of Domiciliation Invoice from the hospital
  • Credit Checks
  • Means of Identification
  • Salary bank statement/Payslips (New to bank customers)

Additional Documents for Drawdown

  • Offer letter
  • Executed Term sheet
  • Letter of Lien/Set-off
  • Document Attestation
  • Standing instruction for renewal of Credit life insurance

17. W Power Loan For Women-Owned Businesses

W Power loan
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This is designed for women-owned businesses or at least 50% of the business is owned by a woman. The loan is granted in two areas of term loan (for the purchase of machines and equipment for your business) and working capital (for the purchase of raw materials). Get the loan form here

All Requirements

  • Loan Application Form
  • Valuation report
  • One (1) year bank statement
  • Credit checks
  • CAC documents
  • Valid means of identification
  • BVN validation page of directors/proprietor
  • BOQ (for project-related transactions)
  • Credible Guarantor form and notarized statement of net worth

Additional Documents for Drawdown

  • Domiciliation Letter
  • For business enterprises, there should be a provision for simple resolution while Corporate enterprises need a Board resolution
  • Evidence of Insurance cover and Credit life insurance
  • Offer letter
  • Executed Term sheet
  • KYC
  • Credit Checks
  • Advisory mandate letter
  • Direct debit mandate
  • Standing instruction to renew credit life insurance

Access Bank 6 Months Loan 

The Access Bank 6 months loan is the Small Ticket Personal Loan that helps individuals meet their financial needs. The loan is available to salary earners who have a minimum monthly income of N20,000 and are between the ages of 22 and 55. The loan amount ranges from N50,000 to N1,500,000 with a repayment period of 3 to 24 months. To apply for the loan, you can visit any Access Bank branch or apply online through their website. Also, one can decide to pay back the amount borrowed through any of the loan packages in 6 months depending on the agreement.

How to Pay Back Access Bank Loan

To pay back your Access Bank loan in Nigeria, you can use any of the following methods:

  1. Visit the Access Bank branch where you took your loan: Ask the customer service representative to repay the loan. You will be given a loan payback form to fill. After that, your account will be debited with the amount you have deposited. The amount will be credited to your loan account, and you will be given a receipt.
  2. Use Access Bank USSD transfer code: Dial *901# on your linked mobile number and follow the prompts to pay back the loan.
  3. Use Access Bank online banking: Login to your Access Bank online account, navigate to the ‘loans’ tab and choose ‘repay loan’. Follow the onscreen prompts and input the necessary information, including payment mode, account details, and the amount you wish to pay back.

Please note that there is no specified time to pay back the loan. When taking the loan, you will agree to your loan repayment term with the bank. Most payments are made in monthly installments, which depend on the amount of loan you have.


1. What is the Code to Borrow Money from Access Bank?

*901*11*1# from your mobile device or *901*11*2# for a cash-backed loan. You can also use the code to get an instant loan

2. How Do I Borrow Money from Diamond Access?

The method for receiving a loan from Diamond Access is similar to that of Access Bank. Dial *901*11#, download QuickBucks App or visit any of the branches of Access Bank.

3. How Do I Qualify for Access PayDay Loans?

  • You should be at least 18 years old
  • Your Access Bank account has to be active and you must have proof of income

3. Does Access Bank Give Salary Advance?

Yes, a salary earner can apply to get up to 200% or 400% net of their monthly salary as a loan.

4. How Do I Repay my Access Bank Salary Advance Loan?

The bank automatically removes the money from your account every 30 -31 days in instalments.

5. What is the Interest Rate of Access Bank?

  • Salary Advance loan: 1.9% with 1% management fee and 0.20% Credit life insurance
  • Creative Sector Loan: 9% per annum
  • Advance for school fees: interest rate at 18% yearly, management fee of 1% and credit life insurance of 0.5%
  • STPL: 1.7% interest rate with 1% management fee and 0.3% Credit life insurance.
  • Eazy Buy Finance With GAC Motors: 15.55 interest rate per annum
  • W Power Loan: 15% yearly interest, 1% management fee and 9.5% credit life insurance
  • Access Mikano Auto Deal: 5% initial interest rate yearly and management fee of 1%.

6. Can I Pre-Liquidate My Loan in Access Bank?

Yes, you can download the QuickBucks App to do so or contact the Bank’s customer care service by sending a mail to [email protected].

7. What Is The Code to Check My Access Bank Loan Balance?

To check your Access Bank loan balance, dial *901*00#. This is the code to get the general Acce Bank balance.

8. Can You Get Access Bank Loan Without Collateral?

Yes, you can get a loan from Access Bank without collateral. The bank offers a Payday Loan that allows you to borrow money at a low-interest rate with no documentation or collateral needed. You can access this loan by dialing *901*11#, *426*11# or via Internet Banking, WhatsApp Banking, Access Mobile App and QuickBucks App.


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