How to Borrow Money from Access Bank with USSD Code in 2024
Learn How to Borrow Money from Access Bank with USSD Code: Finding yourself in need of a quick loan can happen to anyone. Access Bank offers a convenient USSD code service that allows you to apply for various loan options directly from your phone. This article will guide you through everything you need to know about borrowing money from Access Bank with a USSD code in 2024.
About Borrowing Money from Access Bank with USSD Code
Access Bank’s USSD code service provides a secure and easy way to apply for specific loan products without visiting a branch. It’s a great option for salaried individuals or existing Access Bank customers who need a quick and convenient way to access funds.
How to Borrow Money from Access Bank with USSD Code
Here’s how to borrow money from Access Bank with a USSD code:
- Dial the USSD Code: The primary USSD code for Access Bank is *901#. Once you dial this code, you’ll be presented with a menu of options.
- Select Loan Option: Within the *901# menu, navigate to the “Loans & Advances” section. Here, you’ll find options for various loan products offered by Access Bank.
- Choose Your Loan: Depending on your needs, select the loan option that best suits you. Popular loan options accessible through USSD include:
- Payday Loan: This is a short-term loan ideal for immediate needs.
- Salary Advance: This loan is specifically for salaried individuals with an active Access Bank account for at least six months. The loan amount is based on your salary.
- Small Ticket Personal Loan: This loan offers a larger amount than a Payday Loan with a longer repayment period. It’s also available to salaried individuals with an active Access Bank account for at least six months.
- Follow the Prompts: Once you select your preferred loan option, the USSD system will guide you through further instructions. This may involve entering additional information like your account details or desired loan amount.
- Review and Confirm: The USSD system will display a summary of your loan application, including the amount, interest rate, and repayment terms. Carefully review the details before confirming your application.
- Loan Approval: Upon confirmation, Access Bank will process your application. You’ll receive a notification via SMS informing you of the decision. If approved, the loan amount will be credited to your Access Bank account.
Access Bank 6 Months Loan
Access Bank doesn’t offer a specific “6 months loan” through USSD. However, the Salary Advance option comes with a six-month repayment tenor. This loan is suitable for salaried individuals with an active Access Bank account for at least six months.
Access Bank Quick Loan
The Payday Loan offered by Access Bank is considered a quick loan option. You can apply for this loan through the USSD code *901# and receive the funds within minutes if approved.
How to Borrow Money from Access Bank with USSD Code Online
There isn’t a separate USSD code for online access. The USSD code service (*901#) functions entirely on your mobile phone and doesn’t require an internet connection.
Types of Loans Offered by Access Bank
Access Bank offers various loan products to cater to different needs. Here are some popular options:
- Payday Loan: A short-term loan with a quick application process and fast disbursement.
- Salary Advance: A loan specifically designed for salaried individuals with an active Access Bank account. The loan amount is based on your salary.
- Small Ticket Personal Loan: A larger loan option than a Payday Loan with a longer repayment period. Available to salaried individuals with an active Access Bank account for at least six months.
- QuickBucks Loan: This instant loan is accessible through the QuickBucks app or USSD code 90111#. It requires an active salary account.
- Lending Against Turnover (LATO): This loan is available to business owners with an existing relationship with Access Bank.
Access Bank Loan Requirement
The specific requirements for each loan product may vary. However, some general requirements include:
- Being an existing Access Bank customer (for some loan options)
- Maintaining a minimum account balance (for some loan options)
- Having a regular source of income (for most loan options)
- A good credit history (may be checked for some loan options)
Code to Borrow Money from Access Bank
The primary USSD code for Access Bank is *901#. From this code, you can navigate to the “Loans & Advances” section and select the specific loan option you’re interested in.
Access Bank Personal Loan
Access Bank offers various personal loan options, including Salary Advance, Small Ticket Personal Loan, and QuickBucks Loan.
Access Bank Loan App
While the USSD code service is convenient, Access Bank also offers a mobile application called “Access Mobile App” for an even more user-friendly loan application experience. Here’s how to use the app to borrow money:
- Download and Install the App: Search for “Access Mobile App” on the Google Play Store or Apple App Store and download it to your smartphone.
- Login to Your Account: Launch the app and sign in using your Access Bank login credentials.
- Navigate to Loans Section: Once logged in, locate the “Loans” section within the app’s menu. This section may be titled differently depending on the app version.
- Explore Loan Options: The app will display available loan options you’re eligible for. This might include Payday Loan, Salary Advance (if you’re a salaried customer), or QuickBucks Loan.
- Apply for Your Chosen Loan: Select the loan that suits your needs and follow the on-screen instructions to complete the application process. This may involve entering the desired loan amount and reviewing the terms and conditions.
- Submit Application and Track Status: Once you’ve reviewed the details, submit your application electronically. The app will allow you to track the application status and receive updates on the approval decision.
FAQs About Borrowing Money from Access Bank with USSD Code
Why is Access Bank not borrowing me money?
There can be several reasons why your loan application might be declined. Some common reasons include insufficient account balance, not meeting the minimum salary requirement (for Salary Advance), or a poor credit history (checked for some loans).
How can I borrow money and get it instantly?
The Payday Loan offered by Access Bank is your quickest option for instant access to funds upon approval. You can apply through USSD code *901# or the Access Mobile App.
How can I borrow money from USSD?
Access Bank’s USSD code for loans is *901#. Dial this code, navigate to “Loans & Advances,” and choose your preferred loan option. Follow the on-screen prompts to complete the application.
What is *901*11 in Access Bank?
This USSD code (*901*11#) is a shortcut for accessing the QuickBucks Loan service. It’s a convenient option for salaried individuals with an active Access Bank account to apply for instant loans.
How can I borrow 100k from Access Bank?
The maximum amount you can borrow depends on the specific loan product. While the exact limit for a 100,000 Naira loan isn’t available here, you can check the eligibility criteria for Payday Loan or Small Ticket Personal Loan through the USSD code or Access Mobile App to see if you qualify for the amount you need.
What is this code *901*14 for in Access Bank?
The code *901*14# is not related to borrowing money. It’s likely an outdated code or used for a different service offered by Access Bank.
How to activate Access Bank USSD code?
There’s no activation required for the USSD code service. As long as you have an active Access Bank phone number, you can directly use the code *901# to access various services, including loans.
What is the current USSD code for Access Bank?
The current USSD code for Access Bank as of May 2024 is *901#.
Can I pay my access loan before due date?
Yes, you can absolutely pay your Access Bank loan before the due date. This can be done through the Access Mobile App, internet banking platform, or by visiting any Access Bank branch. Early repayment can help you save on interest charges.
How to be eligible for Access Bank payday loan?
There are no specific eligibility requirements listed for the Payday Loan on the Access Bank website. However, it’s generally safe to assume you’ll need an active Access Bank account and a regular source of income to qualify.
What app can I use to borrow money from Access Bank?
The “Access Mobile App” allows you to apply for various loan options offered by Access Bank.
How to be eligible for a first bank loan?
This FAQ refers to a different bank (First Bank). While the guide focuses on Access Bank loans, it’s recommended to visit the official website of First Bank for details on their loan eligibility requirements.
How to get salary advance loan from Access Bank?
Salary Advance is specifically designed for salaried individuals with an active Access Bank account for at least six months. You can apply for this loan through the USSD code *901# or the Access Mobile App.
Conclusion
Borrowing money can be a helpful solution for unexpected expenses or short-term financial needs. Access Bank’s USSD code service and mobile app offer convenient ways to apply for various loan options directly from your phone.
Remember, it’s crucial to borrow responsibly and only what you can afford to repay. Here are some key takeaways:
- Consider the loan purpose and choose the option that best suits your needs (amount and repayment period).
- Carefully review the loan terms and conditions, including interest rates and fees, before applying.
- Only borrow what you can comfortably repay within the stipulated timeframe.
- Explore all repayment options offered by Access Bank to ensure timely payments and avoid late fees.
By following these tips and using the information provided in this guide, you can leverage Access Bank’s USSD code and mobile app for a smooth and secure loan application experience.