How to Get Access Bank Loan – USSD Code & Requirements

Securing a bank loan can be a game-changer for many individuals and businesses, providing the financial support needed to achieve goals, whether launching a new venture, expanding an existing one, or addressing unexpected expenses. Access Bank, a prominent financial institution in Nigeria, offers different loan products tailored to various needs.

But how can you access these loans efficiently? In this article, we’ll delve into how to get Access bank loan, exploring the USSD codes, requirements, and eligibility criteria that can pave the way to your financial aspirations. Read on to discover the key steps to secure an Access Bank loan and turn your dreams into reality.

Access Bank Loan

What is an Access Bank Loan?

Access Bank offers various loan products to its customers. These loans are financial arrangements where the bank provides a specific amount of money to a borrower under certain terms and conditions. The borrower is expected to repay the loan with interest over a specified period.

Access Bank’s loan offerings include personal, business, home, car, and more. Each type of loan may have different eligibility criteria, interest rates, and repayment terms. Customers can apply for these loans to meet various financial needs, such as purchasing a home, starting or expanding a business, buying a car, or covering personal expenses.

How Does Access Bank Loan Work?

Access Bank, one of the leading financial institutions in Nigeria, offers various loan products designed to meet the needs of its diverse clientele. Understanding how Access Bank loans work can help potential borrowers make informed decisions. Here’s a breakdown of the process:

1. Loan Types and Eligibility:

Access Bank provides several loan options including personal loans, salary advance loans, small and medium enterprise (SME) loans, mortgage loans, and vehicle loans, among others. The eligibility criteria can vary based on the loan type. Generally, applicants must:

  • Be 18 years or older.
  • Have a steady income source (for personal and salary advance loans).
  • Have a business with a track record of income (for SME loans).
  • Hold an account with Access Bank (preferred but not always mandatory).

2. Application Process:

The loan application process can typically be initiated through the following channels:

  • Online: Through the Access Bank Internet Banking platform or mobile banking app.
  • In-Person: By visiting an Access Bank branch.
  • USSD Code: For certain loans like the Payday Loan, customers can apply using a specific USSD code provided by the bank.

The application will require personal details, financial information, and details about the loan required. For business loans, additional documentation related to the business may be needed.

3. Documentation and Verification:

Applicants must submit necessary documents, which may include government-issued ID, proof of income, bank statements, and employment verification for personal loans. Business loans may require business registration documents, financial statements, and a business plan.

The bank will verify the submitted information, which includes checking the applicant’s credit history and evaluating their repayment capacity.

4. Approval and Disbursement:

If the loan is approved, Access Bank will inform the applicant of the terms and conditions, including the interest rate, repayment period, and any other fees. Upon acceptance of the terms by the applicant, the loan amount is then disbursed either directly into the borrower’s Access Bank account or through the method specified in the loan agreement.

5. Repayment:

Loan repayment terms vary depending on the loan type. Repayment can be through monthly installments deducted directly from the borrower’s account, or as agreed in the loan terms. Access Bank offers various repayment channels including direct debit, online transfers, and payments via USSD.

6. Interest Rates and Fees:

Interest rates and fees are determined based on the type of loan, the amount borrowed, the repayment period, and the applicant’s creditworthiness. It is essential for borrowers to review these details to understand the total cost of the loan.

Tips for Borrowers:

  • Always read the loan agreement thoroughly before accepting the terms.
  • Ensure you understand the repayment schedule, interest rates, and any applicable fees.
  • Borrow within your means, considering your income and other financial obligations.
  • Keep track of your repayment dates to avoid penalties for late payments.

Requirements to Get Access Bank Loan 

The specific requirements to get an Access Bank loan vary depending on the loan you are applying for. However, some general requirements apply to all Access Bank loans. These requirements include:

Basic Eligibility:

  • Age: You must be at least 18 years old to apply for an Access Bank loan.
  • Nationality: You must be a Nigerian citizen or a legal resident of Nigeria.
  • Income: You must have a regular source of income to display your capacity to repay the loan.
  • Bank Account: You must have an active Access Bank account to apply for most loan products.

Additional Requirements:

  • Valid Identification: You will need to present a valid form of identification, such as a national ID card, passport, or driver’s license.
  • Proof of Address: You must submit evidence of your residential address, like a utility bill or bank statement.
  • Employment Verification: If you are currently employed, you will need to submit an employment letter from your employer. This letter should detail your job title, salary, and commencement date.
  • Business Registration: If you are applying for a business loan, you must provide proof of business registration.
  • Financial Documents: You may be required to provide additional financial documents, such as tax returns or bank statements, depending on the type of loan you are applying for.

Access Bank Loan USSD Code

The USSD code for Access Bank loans, specifically for the Payday Loan service, is *901*11#. This code allows Access Bank customers to apply for a Payday Loan directly from their mobile phones without needing internet access. The service is quick, convenient, and available 24/7.

Here’s how you can use the USSD code to apply for a loan:

  1. Dial *901*11# from the phone number linked to your Access Bank account.
  2. Follow the on-screen prompts to proceed with the loan application.
  3. Enter the amount you wish to borrow when prompted.
  4. Review the loan terms and conditions, including the repayment period and interest rate.
  5. Accept the terms and conditions to proceed with the loan disbursement.

Ensure that your phone number is registered with Access Bank for the USSD service to work. If you encounter any issues or have questions, you can visit any Access Bank branch or contact their customer service for assistance.

How Long does Access Bank Take to Approve a Loan?

The average loan approval time at Access Bank typically ranges from 24 to 48 hours for personal loans and up to 5 working days for business loans. However, the actual processing time can differ depending on the complexity of the loan application, the completeness of the provided documentation, and the overall workload of the bank’s loan department.

How to Check Your Access Bank Loan

To check your Access Bank loan status, balance, or details, you have several options depending on the convenience and availability of services. Here are the methods you can use:

1. Access Bank Mobile App:

  • Download and Install: If you haven’t already, download and install the Access Bank mobile app from the Google Play Store or Apple App Store.
  • Log In: Open the app and log in using your credentials (User ID and password).
  • Navigate: Once logged in, navigate to the ‘Loans’ section of the app.
  • View Details: Here, you can view all your loan details, including amounts, interest rates, due dates, and outstanding balance.

2. Access Bank Internet Banking:

  • Log In: Visit the Access Bank Internet Banking platform and log in with your credentials.
  • Select Loans: In the dashboard, look for the loans section or use the menu to find loan-related information.
  • Check Loan Status: You can view detailed information about your loan, including the repayment schedule and balance.

3. USSD Code Service:

  • Dial USSD Code: From your registered mobile number, dial *901*00# (for Payday Loan) or *426*11# to check your outstanding loan balance. Follow the prompts to authenticate and view your loan details.
  • Response: After following the prompts, details of your loan, including the outstanding balance, will be displayed on your screen.

4. Access Bank Customer Service:

  • Call: Dial the Access Bank customer service number provided on their official website or back of your debit card. Authenticate yourself as the account holder.
  • Inquire: Ask the customer service representative to provide details of your loan status.
  • Note: Be ready to provide any necessary information to verify your identity.

5. Visit a Branch:

  • Locate: Find the nearest Access Bank branch.
  • Inquire: Speak to a customer service representative or your account officer about your loan details.
  • Identification: Make sure to carry a valid ID and your account information for verification purposes.

Remember, it's important to keep track of your loan details, including repayment dates and amounts due, to avoid penalties and maintain a good credit score. If you have any questions or discrepancies with your loan details, contact Access Bank customer service immediately for clarification or assistance.

The Types of Loans Offered by Access Bank

Access Bank offers a variety of loan products tailored to meet the diverse needs of its customers. These loans cater to different segments including individuals, businesses, and corporate entities. Here’s an overview of the types of loans offered by Access Bank:

1. Personal Loans:

  • Payday Loan: Designed for salaried employees to access funds before payday. It’s a short-term loan that helps cover immediate expenses.
  • Personal Loan: Provides financing for personal needs like education, healthcare, home improvement, or vacations without collateral.
  • Advance for School Fees: Offers short- to medium-term financing for parents and guardians to pay school fees for their wards.

2. Business Loans:

  • MSME Loans: Tailored for micro, small, and medium-sized enterprises to fund business expansion, equipment purchase, or working capital.
  • Commercial Business Loans: Designed for larger businesses looking for funding to expand operations, purchase equipment, or manage cash flow.
  • Creative Sector Loans: Aimed at businesses in the creative industry, providing funds for expansion, project financing, or working capital.

3. Mortgage Loans:

  • Home Loans: Offers financing for the purchase of new homes or the renovation of existing properties.
  • Construction Loans: Provides funding for the construction of residential or commercial properties.

4. Auto Loans:

  • Auto Loan: Enables customers to purchase new or pre-owned vehicles with flexible repayment terms.

5. Education Loans:

  • Advance for School Fees: As mentioned under personal loans, this can also cater to professional certifications and higher education purposes.

6. Lending Against Turnover (LATO):

  • LATO: Offers instant access to funds up to a certain percentage of your average monthly turnovers with no collateral required.

7. Overdrafts:

  • Personal Overdraft: Allows individuals to overdraw their current account for a short period to meet personal cash flow needs.

8. Agriculture Loans:

  • Commercial Agriculture Credit Scheme (CACS): Provides funding for agricultural production and processing businesses.

9. Employee Loans:

  • Salary Advance: Provides employees with access to a portion of their salary in advance, helping them meet urgent financial needs.

10. Asset Financing:

  • Leasing and Asset Finance: Offers financing for the acquisition of assets such as machinery, vehicles, and equipment for personal and business use.

Each loan product has its eligibility criteria, interest rates, and repayment terms. It's advisable to review these details and understand the requirements before applying. Additionally, Access Bank frequently updates its loan offerings to meet the changing needs of its customers, so it's a good idea to contact the bank directly or visit their website for the most current information.


Obtaining a loan from Access Bank provides a convenient and easily accessible means to fulfill your financial requirements, whether for personal expenses, business ventures, or other purposes. By understanding the USSD codes, requirements, and eligibility criteria outlined in this guide, you can confidently navigate the loan application process.

Note that eligibility criteria may vary depending on the loan type, so reviewing the bank’s latest information and guidelines for each loan product you’re interested in is essential. Also, maintaining good financial habits, such as timely repayments and responsible financial management, can strengthen your chances of loan approval and contribute to your overall economic well-being.