Looking to secure quick funding in 2025? This complete guide will show you exactly how to get a loan from Access Bank in Nigeria, covering both personal and business loans, USSD loan codes, eligibility, and how to apply fast.
If you’ve ever tried to get a loan in Nigeria, you know the struggle: endless paperwork, unclear requirements, and rejection without explanation. For many, securing funding from a bank feels like chasing shadows.
But here’s the truth — there are multiple ways to get a loan from Access Bank fast, sometimes in under 24 hours. The catch? You need to understand the right loan type, eligibility requirements, and application process. If you’ve ever wondered how to get a loan from Access Bank, this guide is for you.
In this 2025 guide, we’ll break down:
- The different Access Bank loan types (personal, business, digital, creative, etc.)
- How to borrow money from Access Bank using USSD, mobile app, or in-branch
- Eligibility requirements and documents needed
- Tips to avoid loan rejection
- Loan interest rates, repayment terms, and application channels
Whether you’re a salary earner, business owner, or self-employed hustler, you’ll find the exact steps to secure your Access Bank loan.
Quick Summary Table – Access Bank Loan Types (2025)
| Loan Type | Who It’s For | Loan Amount Range | Repayment Period | How to Apply |
|---|---|---|---|---|
| Personal Loan | Salary and non-salary earners | Up to ₦1,000,000 | 30 days | USSD (*901*11#, *426*11#), QuickBucks App, Mobile App |
| Payday Loan | Confirmed employees | Up to 75% of monthly salary | By next salary date | USSD, Branch, QuickBucks App |
| LATO (Lending Against Turnover) | Active account holders with regular turnover | Up to ₦300,000 | 90 days | USSD (*901*11#), Mobile App |
| Agent Loan | Access CLOSA agents | Up to ₦1,000,000 | 2 days | CEVA App, QuickBucks App |
| Creative Sector Loan | Fashion, IT, music, film, software | Based on project | 3–10 years | Branch application |
| Small Ticket Personal Loan | Salary earners | Up to ₦2,000,000 | 12 months | USSD (*901*11*1#), QuickBucks App |
For full details, visit Access Bank’s official loan page.
Why Many Struggle to Get an Access Bank Loan
In Nigeria, knowing how to get a loan from Access Bank can feel overwhelming. Many people fail to get a loan from Access Bank because they:
- Apply for the wrong type of loan
- Submit incomplete documentation
- Have unlinked BVN or wrong contact details
- Carry unpaid loans from other banks
The good news? Access Bank has simplified its loan application process — especially if you understand the requirements and follow the right steps.
Step-by-Step Guide: How to Get a Loan from Access Bank in Nigeria
Step 1: The first step on how to get a loan from Access Bank is to identify the right loan type for your needs.
Match your financial need to the correct loan product. Salary earners may prefer Payday Loans or Small Ticket Loans, while SMEs could benefit from LATO or Creative Sector Loans.
Step 2: Check Your Eligibility
Each loan type has specific requirements. For example, LATO requires at least six months of account activity, while a Payday Loan needs a confirmed employment status with salary domiciliation at Access Bank.
Step 3: Prepare Required Documents
Have your valid ID, BVN, proof of address, salary slips (if applicable), and any required business registration documents ready.
Step 4: Choose Your Application Channel
Apply via:
- USSD Codes (*901*11#, *426*11#)
- QuickBucks App (Download here)
- Access Mobile App
- Branch Visit for larger or secured loans
Step 5: Complete the Application Accurately
Ensure all details match your BVN records to avoid delays.
Step 6: Receive and Review Loan Offer
If approved, review the loan terms, interest rate, and repayment schedule before accepting.
Understanding how to get a loan from Access Bank successfully requires you to follow these simple steps. By preparing your documents and choosing the correct channel, your application for an Access Bank loan will be much more likely to succeed.
How to Get a Loan from Access Bank Using USSD
- Dial *901*11# or *426*11#
- Select loan option
- Confirm loan amount and tenure
- Enter PIN to authorize transaction
Tips to Avoid Loan Rejection
- Ensure your BVN is linked to your account and phone number.
- Keep a clean credit history.
- Maintain regular account activity.
- Meet minimum income requirements.
- Submit accurate and complete information.
External Resources for Further Reading
- Access Bank Loan Products Official Page
- Central Bank of Nigeria – Credit Guidelines
- Credit Bureau Nigeria – Check Your Credit Score
Types of Loans Available from Access Bank
Access Bank offers multiple loan options for different financial needs. Below is a breakdown of the most popular loan products in Nigeria and a guide on how to get a loan from Access Bank by qualifying for them
1. Personal Loan
This is Perfect for salary earners or self-employed individuals who need quick funds without collateral.
- Loan Channels: USSD (*901*11#, *426*11#), QuickBucks App, Mobile App, Internet Banking, WhatsApp Banking
- Interest Rate: 12% (existing customers), 13% (non-customers)
- Fees: 1% management fee + 0.5% credit life insurance (deducted upfront)
- Loan Amount: Up to 75% of monthly salary, capped at ₦1,000,000
- Repayment Period: 30 days or next salary date
- Requirements:
- Active Access Bank account
- Linked BVN
- Phone number linked to BVN
- No outstanding loans
- Salary evidence (for salary earners)
Pro Tip: Always repay on time to build your credit score for bigger loans later.
More info: Access Bank Personal Loan
2. Payday Loan
A short-term loan to cover expenses before your salary arrives.
- Loan Amount: Up to 75% of net annual salary (with terminal benefits) or 50% (without)
- Tenure: Up to 36 months
- Requirements:
- Confirmed employment
- Salary domiciled with Access Bank
- Minimum ₦100,000 monthly salary
- Age 21–58
- 12+ months with current employer
- Application: Fill form at branch or apply via relationship manager.
Apply by visiting a branch or calling your relationship manager. More info on the Access Bank Payday Loan page
3. Lending Against Turnover (LATO)
Designed for customers with regular account activity but no fixed salary.
- Loan Channels: USSD (*901*11#) or Mobile App
- Interest Rate: 13.99%
- Loan Amount: Up to 20% of average monthly turnover (max ₦300,000)
- Tenure: 90 days
- Requirements:
- Access Bank account active for 6 months
- Minimum ₦20,000 average monthly balance
- No outstanding loans
4. Agent Loan
For Access CLOSA agents to boost liquidity.
- Loan Amount: Up to ₦1,000,000
- Tenure: 2 days (48 hours)
- Penalty: 1% flat per month for late payment
- Requirements:
- Registered CLOSA agent
- Minimum ₦50,000 working capital
- Valid ID + utility bill
- Registered business (for corporate agents)
Apply via CEVA or QuickBucks app
5. Creative Sector Loan
For entrepreneurs in fashion, IT, film, music, and software engineering.
- Loan Amount: Based on business plan and projections
- Tenure: 3 years (software engineering students) or 10 years (other sectors)
- Requirements:
- 100% Nigerian-owned business
- Business plan
- Financial statements or statement of affairs
- 30% equity contribution
- Acceptable collateral
Apply by submitting to Access Bank branch or via their creative sector portal
6. Small Ticket Personal Loan
For salary earners needing more than payday advances.
- Loan Amount: Up to 400% of monthly salary (max ₦2,000,000)
- Tenure: 12 months
- Interest Rate: 5.2% monthly (reducing balance)
- Requirements:
- Salary domiciled with Access Bank for 6+ months
- Minimum ₦100,000 monthly salary
- Confirmed employment
Apply via *901*11*1# USSD or QuickBucks App
How to Apply for Access Bank Business Loan
To qualify for a business loan:
- Have a registered business with CAC
- Maintain a business bank account
- Show 1–3 years of active operations
- Keep a clean credit history
- Prepare financial statements and business plan
Read more: Best Business Loan Options in Nigeria
Tips to Increase Your Loan Approval Chances
- Maintain regular account activity
- Pay off other loans before applying
- Keep BVN and contact details updated
- Apply for the loan amount you can realistically repay
- Avoid applying for multiple loans at once
Frequently Asked Questions
Q: How quickly is loan disbursed?
A: Digital loans such as Payday, LATO, or Small Ticket Personal Loan are usually credited instantly or within 24 hours. Branch loans may take 1–3 business days.
Q: Can I get an Access Bank loan without collateral?
A: Yes—products like Personal Loan, LATO, and Small Ticket Personal Loan do not require collateral.
Q: Are there hidden costs?
A: No — Access Bank charges upfront management and insurance fees that are fully disclosed.
Q: What USSD code lets me get a loan from Access Bank?
A: Use *901*11# or *426*11# and follow the prompts to select your loan type.
Q: What is the interest rate on Access Bank loans?
A: Varies per product — e.g. ~9% reducing balance for Small Ticket, ~5% reducing for LATO, ~12–13% flat for personal loans.
Conclusion
If you need quick access to cash or business funding, knowing exactly how to get a loan from Access Bank in Nigeria will empower your decisions. Whether through USSD, mobile apps, or in-branch options, Access Bank offers flexible choices depending on your income, business history, and repayment ability.
Just make sure to choose the right loan type, meet the eligibility criteria, apply through the correct channel, and repay on time. By following the steps in this guide, you will know exactly how to get a loan from Access Bank and secure the funding you need in 2025.
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