Access Bank PayDay Loan
Access Bank’s PayDay Loan offers instant cash, no collateral, up to ₦2M and flexible terms. Apply with no documentation and receive a decision fast.
Access Bank’s PayDay Loan is designed as an instant solution for both salary earners and eligible non-salary customers in need of quick cash. The application takes place through USSD codes, the QuickBucks App, Mobile App or online banking, all without any paperwork. The interest charges range from 10%–13% for non-Access Bank customers, and every approved application is funded as quickly as possible. Maximum loan amounts reach up to ₦2 million, with a short 30-day term, or until your next salary hits – whichever comes first. To qualify, a minimum salary paid through Access Bank or Remita is necessary, and eligibility is displayed on application.
How to Apply – Step by Step
- Dial USSD code *901*11# or *426*11# on your phone.
- Alternatively, use Access Bank’s Mobile App or internet banking.
- You can also apply via the QuickBucks App for extra convenience.
- Your eligibility and maximum amount will be shown instantly.
- If your request is approved, funds are disbursed to your Access Bank account, often within minutes.
Pros – What We Like
There’s no need for collateral, making this a great option for quick fixes. The application is digital, so you don’t have to visit a bank branch – apply anytime, anywhere. Access Bank also allows non-customers to apply with salary payments processed through Remita, creating inclusivity for more Nigerians. The interest rates are openly stated, and eligibility is instantly revealed.
Cons – What to Consider
The loan must be paid within 30 days or upon receipt of next salary, and any default incurs a 1% monthly penalty. The maximum you can borrow is capped at ₦2 million, which might not suit larger urgent needs. Plus, your monthly eligibility depends on active loans or salary changes.
Our Verdict
The PayDay Loan by Access Bank is a reliable quick fix for mid-month emergencies. With instant disbursement, no documentation, and clear terms, it is an accessible and transparent loan for Nigerians needing fast financial help. Applicants still need to repay rapidly, so be sure the short term fits your cash flow.