Access Bank Loan Code without collateral

How to Borrow Money From Access Bank with USSD Code & Loan Eligibility

There are different Access Bank loans and this post will explain how to successfully borrow money from Access Bank using the USSD Code.

With this USSD code *901*11#, you can borrow money from Access Bank such as a payday loan, salary advance and personal loan without collateral and whether you are a salary or non-salary earner.

Therefore, find out how to be eligible and borrow money quickly by using the right Access bank loan code.

So, let’s start.


Access Bank Loan Code to Borrow Money

You can borrow money from Access Bank with the USSD code by choosing the right type of loan. Interestingly, these loans require no collateral or documentation if you are qualified. Here are the Access bank loans with their USSD codes:

  • Access bank Lending Against Turnover (LATO) loan USSD code is *901*11#
  • The Access Bank Payday loan USSD code is *901*11*1#
  • Access bank Salary Advance loan USSD code is *901*11*1#
  • Access Bank Small Ticket loan USSD code is *901*11*1#
  • The Access bank Cash-Backed loan USSD code is *901*11*2#

How to Borrow Access Bank Loan with USSD Code

Access Bank makes it easy for its customers to apply for loans quickly on the phone without visiting a branch and submitting documents.

Here are the required steps to borrow money from Access Bank using the loan USSD code:

  1. Dial *901*11# on your Access Bank registered phone line. Mtn, Glo, Airtel or 9 Mobile.
  2. If qualified, you will be able to select the loan to borrow
  3. Enter your 4-digit USSD PIN
  4. Accept the terms and conditions
  5. Lastly, receive a successful message and your account credited

How to be Eligible for Access Bank Loan

Each Access bank loan has its own requirements to be eligible to borrow a certain amount however, here are the general rules to be eligible for an Access bank loan:

  • Have an active Access bank account
  • A phone number linked to BVN and Access bank account.
  • Have an Access bank salary account

Having these things qualifies you for the Access bank loans you can get by using the USSD code.

In addition, below are specific requirements for each Access bank loan.


How to apply for Access bank Payday loan and requirement

How to Qualify for Access Bank Payday Loan Code

Access Bank Payday loan is an instant loan for customers to borrow without collateral for up to 31 days at a low-interest rate. Access Payday loan is only eligible for salary earners.

Here is how to qualify for an Access Bank payday loan:

  1. Have a salary account with Access bank
  2. Proof of salary payment for at least the last 3 months.
  3. The phone number is linked to your BVN and Access bank account.

To understand better, read the post on the Access Bank Payday loan.


How to Qualify for Access Bank Salary Advance Loan Code

Access Bank salary advance loan is eligible for salary earners. If you an employee, you can borrow up to 200% of your net monthly salary and repay within 6 months.

Here is how to be eligible for an Access Bank salary advance loan:

  • Have an Access bank salary account
  • Proof of salary payment in previous months.
  • A phone number is linked to BVN and Access bank account.

Indeed, the salary advance loan is perfect for a salary earner looking to get an Access bank 6 month loan and repay accordingly.


How to Qualify for Access Phone Loan

A Phone Loan is a no-collateral loan from Access Bank to salary account holders to buy a mobile phone and repay within 12 months.

 how to apply for Access bank Phone loan and requirement

Here is how to be eligible for Access bank phone/device loan:

  • Have an Access bank salary account
  • Proof of salary payment in previous months.
  • Your phone number is linked to your BVN and Access bank account.
  • Dial the USSD *901*11# or Quickbucks app to apply

How to be Eligible for Access Bank Personal Loan

A Personal loan is an offer from Access bank which enable customers to borrow up to 50% of their net annual salary and repay within 36 months.

Here is how to be eligible for an Access bank personal loan:

  • Have an Access bank salary account
  • Down payment of at least 50% of your loan facility
  • Your phone number is linked to your BVN and Access bank account. Mtn, Glo, Airtel or 9 Mobile.
  • Dial the USSD *901*11#, Quickbucks app, or visit any Access branch

How to be Eligible for Access Bank Student Loan

A student loan is a short-term loan offered by Access bank to individuals who need to pay tuition fees and repay within 6 months at a 20% interest rate.

Here is how to be eligible for an Access bank student loan:

  • Copy of school admission letter
  • Copy of tuition fee
  • ID card
  • Fill out the form online here or visit any Access branch.

If you meet the student loan requirement, borrow money from Access bank by filling out the form online here or by visiting any Access branch.


Who is Eligible for Access Bank Loan

It might appear that salary earners are most eligible for most Access bank loans, but this is not so. Other categories of people are also eligible to borrow money from Acess Bank.

Below are those who are eligible for the Access Bank loans:

  • Salary earners
  • Non-Salary Earners
  • Business owners
  • Students

A salary earner is eligible for an Access bank loan if he/she has a salary account and receives money into it monthly.

For a non-salary earner to be eligible for Access loans, you must have a consistent account turnover for like 6 months or collateral.


How long does it take Access Bank to Approve a Loan?

It takes Access Bank between 1 day to 5 working days to approve and disburse your loan. The duration is determined by many factors such as the loan amount, type of loan and loan process.

After the necessary checks, Access Bank will message you and credit your account with the loan amount immediately.


How to Pay Back Access Bank Loan

To pay back your Access bank loan, ensure you have the money in your bank account before the loan due date and Acces bank will deduct the money when due.

However, if the Access bank loan you borrow is tied to your salary account, you pay back the loan with your next month’s salary. Such types of loans include a payday loan, salary advance and phone loan. Therefore, Access Bank will debit your account when you receive your salary.

Note that failure to repay your loan through your Access bank account, the bank has the right to debit your account from other banks. This is part of the terms and conditions of the Access bank loan.


Access Bank Loans for Non-Salary Earners

Indeed, Access Bank has different types of loans that non-salary earners can borrow from even without collateral.

Below are the Access bank loans suitable for non-salary earners:

  • Lending Against Turnover (LATO) loan
  • Personal Loan
  • Student Loan

Access Bank Loan Code without collateral

Access Bank USSD code to Check Loan Balance

To check your Access bank loan amount balance, dial *901*11# on your phone and follow the instruction. This will show the amount you need to repay.

Alternatively, use the Quickbucks App to check your Access bank loan balance. The Quickbucks app is Access bank lo an app useful to apply for loans and check balances.

Another option to check your loan balance is to reach out to Access Bank customer care through 0700300000 or official social media handles


How to borrow money from Access Bank apart from the USSD code

Below are other ways to get an Access bank loan instead of using the USSD code:

  1. QuickBucks App: You can get an Access bank loan by downloading the app on Google Platsore or IOS App Store
  2. WhatsApp Banking: Get a Payday loan through Access Bank Whatsapp number +234-9090-901-901
  3. Access Bank Mobile App: Also, through Access mobile app, you can apply for and get a loan.
  4. Access Bank Internet Banking: Lastly, borrow money through Access bank internet banking such as personal loan

How do I borrow ₦50000 or more From Access Bank?

To borrow ₦50,000 or even more than ₦300,000 from Access bank, dial *901*11#, Quickbucks app or Access mobile app. Then, enter the loan amount and accept the loan terms and conditions. As long as your salary account is ₦50,000 minimum, you will get an Access loan of ₦50,000.

Also, you can borrow ₦300,000 loan from Acees Bank if your monthly salary is around ₦100,000 to ₦150,000.

However, a non-salary earner is only eligible to borrow 20% of his/her monthly turnover for the Lending Against Turnover LATO loan


Access Bank Loan Alternatives: Where to Borrow Money Immediately

If you are not eligible to borrow money from any of Access bank loans, other banks and apps still give loans.

Below are other platforms and banks where you can borrow money immediately without collateral:

Also Read:


Conclusion

Finally, I hope you now know the Access bank loan USSD code, requirements and how to apply for quick loans.

You can also check the post on Access Bank loan requirements to know all the types of loans offered by Access Bank.

Therefore, try it and let me know your experience.

Also, leave a message in the comment section below.

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