Access Bank Loan: How to Borrow Money from Access Bank, Requirements, and The USSD Code Option

Access Bank Loan: Your Guide to Borrowing Money, Requirements, and the USSD Code Option


In today’s fast-paced world, having access to quick and convenient loans can make a significant difference in meeting financial needs. Access Bank, a leading financial institution, offers a variety of loan options to help individuals and businesses achieve their goals.

In this blog post, we will explore how to borrow money from Access Bank, the necessary requirements, and the USSD code option for an even more seamless borrowing experience.

The Access Bank Loan

Getting a loan in Nigeria is inevitable, whether it’s from a loved one or an institution; almost everyone probably has a story where they had to obtain a loan.

The Access bank loan is designed to finance that need that made you request it in the first place.


Types of Loans Offered By Access Bank

  •  Creative Sector Loans: This is a Central Bank of Nigeria loan that is designed for capacity building and provision of employment for individuals and businesses in industries like fashion, information technology, movie production and distribution, music, and so on.
  • Lending Against Turnover (LATO): This is an instant loan product that targets non-salary account holders who already have a relationship with the Bank for over six months and above. This type of loan requires no documentation or collateral from the recipient and lasts for 30 days. You can conveniently apply for this type of loan using the Access Bank loan code – *901*11*1#.
  • Salary Advance: The Access Bank salary advance provides employees with access to up to 100% of their net monthly salary. It requires no documentation or collateral and can easily be applied for through their quick bucks app or USSD code. The individual is to repay within3 months.

1. Types of Access Bank Loans:

Access Bank provides a diverse range of loan products tailored to meet different needs. Some of the most common loan options offered by the bank include:

a. Personal Loans: Personal loans are designed to cater to individual financial requirements, such as medical emergencies, travel expenses, education fees, or debt consolidation.

b. Business Loans: Access Bank offers various business loan products to support entrepreneurs and businesses in expanding their operations, purchasing equipment, or meeting working capital needs.


c. Salary Advance: This short-term loan option allows salaried individuals to access a portion of their future salary to address immediate financial needs before payday.

d. Asset Acquisition Loans: Access Bank provides loans specifically for the acquisition of assets like vehicles or household appliances, enabling customers to make important purchases without significant upfront payments.

2. Requirements for Access Bank Loans:

While the specific requirements may vary depending on the type of loan, some common prerequisites for obtaining an Access Bank loan are:

a. Valid Identification: Applicants must provide a government-issued ID card, international passport, or driver’s license for verification purposes.


b. Proof of Address: A utility bill or any document that confirms the applicant’s residential address is typically required.

c. Proof of Income: To determine loan eligibility, applicants need to provide evidence of a steady income source, such as salary statements, business financials, or tax returns.

d. Bank Statements: Access Bank may request recent bank statements to assess the applicant’s financial behavior and repayment capacity.

e. Collateral (for secured loans): Some loan products may require collateral, such as property or other assets, to secure the loan amount.

Get a loan up to N100,000 at the best affordable rates in Nigeria

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Now you can compare interest rates from different lenders with our loan simulator and get the best deal. Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today

  • Small Ticket Personal Loan: For this type of loan, Access Bank offers up to 400% of your net monthly salary. You will be expected to repay this loan within 12 months.
  • W Power Loan: This unique Access Bank loan product helps close the financing gap for female-owned businesses. W Power Loan provides them access to loans and credit facilities.
  • Advance for School Fees: As a parent or guardian, you can borrow to pay your child/ward’s school fees. This type of loan also allows you to borrow to pay for professional courses and certifications.
  • Device Finance: This is an Access Bank loan scheme designed to help you finance the purchase of mobile devices.
  • Maternal Health Service Support (MHSS): This loan is designed to finance birth and fertility related procedures.
  • Vehicle Finance: If you have been looking for a way to acquire a new car conveniently, Access bank vehicle finance loan gives you the money you need to make this happen. It is open to salary earners, SME owners, and Corporate organizations. You get access to a wide variety of vendors, and you’re to pay back the loan within 48 months.

To make things easier and also ensure you go with the best decision for your needs, you can make use of this platform to compare loans from different lenders in a matter of minutes. This is the best way to weigh different pros and cons and make an informed decision accordingly.

3. Borrowing through USSD Code:

Access Bank offers a user-friendly USSD code option for customers seeking to borrow money quickly. To access this service, follow these simple steps:

a. Dial *901# on your registered mobile number linked to your Access Bank account.

b. Select “Loans” from the menu options provided.

c. Follow the prompts to choose the type of loan you want to apply for.

d. Enter the required information and submit your loan application.

e. If eligible, your loan request will be processed, and the approved amount will be disbursed to your account.


Access Bank’s loan offerings present an excellent opportunity for individuals and businesses to address their financial needs efficiently. Whether you opt for a personal loan, business loan, or salary advance, Access Bank’s commitment to customer satisfaction ensures a seamless borrowing experience.

Remember to meet the necessary requirements, such as identification, proof of address, income verification, and bank statements, to increase your chances of loan approval. Additionally, the USSD code option offers a convenient and time-saving way to apply for loans on-the-go.

Before taking on any loan, it’s essential to understand the terms, interest rates, and repayment options thoroughly. Responsible borrowing and timely repayments will not only improve your creditworthiness but also set you on a path to financial success.

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