Are you salary earner and your monthly salary income is domicile with Access bank, active for at least three (3) months and you are financially trap, looking for how to get quick loan to enable you settle your bills? Then you can apply for Access Bank Salary Advance Loan.
These kind of loan is an instant digital loan product which is targeted at salary earners who meet the Bank’s Risk Acceptance Criteria (RAC). Salary earner can get maximum amount (i.e. eligible amount) you can get is 200% of your monthly salary, less any active loans at the Bank. Your eligibility is displayed when you request for the loan.
The salary advance loans of Access bank do not require any collateral to apply. To be eligible for Salary Advance, you must earn a minimum ₦50,000 and above
The loan amount will be deducted from any account linked to your BVN should case you fail to fund your salary account with access bank
WHAT IS THE INTEREST RATE FOR ACCESS BANK SALARY IN ADVANCE
The interest rate for Access bank Salary advance is 1.9%. Other charges are: 1% Management fee, 0.20% Credit life insurance.
WHAT IS ACCESS BANK SALARY IN ADVANCE TENOR
Salary Advance loan will be repayment in Three (6) months/180 days instalments every 30 days from the day the loan was taken, and the repayment amount will be automatically deducted from your account.
What can affect ACCESS BANK SALARY IN ADVANCE eligibility?
Your eligibility will be affected by any of the following:
1. If you have any outstanding loan(s) in Access Bank or other banks.
2. If you apply using a phone number that is not linked to your BVN.
3. If there is no evidence that you received salary payment in the previous month.
4. If you have taken previous digital loan and exceeded your eligible amount.
5. If you have an existing loan and the monthly repayment is higher than your eligible amount.
How long does it take to get a loan?
As soon as your loan request is successful, your Access Bank account is credited immediately.Also you can apply as many times as you may like, as long as you have not exceeded your eligible amount.
REQUIREMENTS TO GET ACES BANK ADVANCE
1. To enable you qualify for Access bank salary advance, your account needs to be in Access Bank and needs to be active for at least three (3) months.
2. Mobile phone number registered with Access bank
3. You should not below 15 years of age and above 65
Features of Access bank salary in advance loan
The following features is attached to access bank salary in advance loan
1. 24/7 service which does not require visits to the bank and application is done 2.conveniently via QuickBucks App or USSD code *901*11*1#
3.No documentation required
4. No collateral required
5. Six (6) months tenor
HOW DO I APPLY FOR ACCESS BANK SALARY IN ADVANCE
You can request for a Salary Advance Loan through any of the following ways:
. Dial the USSD code *901*11*1#
. Download the QuickBucks App, available on Google Playstore or Apple App Store.