Access Bank’s PayDay Loan delivers quick cash to your account when you need it most. This digital loan can be accessed by both salary and non-salary earners, requiring no paperwork or collateral.

You can get up to 75% of your monthly salary, with a maximum of ₦2,000,000 for eligible customers. The interest rate ranges from 10% to 13% monthly, depending on your profile, alongside a 1% management fee and a 0.5% insurance, all deducted upfront.

Loan tenors are flexible—Borrow for up to 30 days or till your next salary date, whichever comes first. The loan approval and disbursement are instant, making it a truly urgent solution for emergency cash needs.

How to Apply: Step-by-Step

• Dial *901*11# or *426*11# on your mobile.
• Apply via the Access Mobile App or QuickBucks app.
• You can also use Access Bank Internet Banking or WhatsApp Banking.
• Your eligibility and amount will display after application.
• If approved, funds are credited instantly to your Access Bank account.

Advantages

The major strength of the PayDay Loan is its speed and simplicity. You do not need to submit documents or collateral, so the process is hassle-free and fully digital.

Another highlight is the flexible eligibility that covers both Access Bank account holders and even non-customers whose salaries are processed through Remita.

Disadvantages

One downside is the relatively short repayment term (30 days), which may feel tight if your cash flow is unpredictable. The interest rates are also higher than standard salary advances.

Customers with ongoing loans or late salary payments may face reduced eligibility or get their applications declined automatically.

Our Verdict

Access Bank PayDay Loan offers remarkable speed and convenience for those needing short-term loans. High flexibility and instant funding make it a reliable choice for emergencies.

However, consider the higher costs and short tenor. As always, borrow only what you can comfortably repay within the next payday to avoid penalties.