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How to Borrow Money from Access Bank

How to borrow money from an Access bank is a piece of information all access bank customers should have full knowledge about. There might be a need to urgently cater for some needs in emergency situations, left with the only option to borrow.

This article provides you will all the information you need on how to borrow money from an access bank.

Access Bank Loan

Access bank like all other financial institutions has put in place different types of loans for the convenience of their customers.

The need to borrow may arise at any time, it can be to meet up on a project, pay bills, execute business ideas, etc. 

Without the availability of funds from salary, friends, families, etc. you can turn to access the bank to loan the required money from them.


Types of Access Bank Loans

There are different types of access bank loans you can select from to suit your immediate need. Some of the loans include:

  • Personal Loan
  • Payday Loan
  • Salary Advance Loan


Payday Loan

This type of loan is an instant type of loan you can easily request and get approved instantly. This type of loan is for both salary earners and none salary earners.

Here, you do not need to go to the bank and no collateral is required and it comes with a low-interest rate. 

Personal Loan

Access bank’s personal loan is designated for the settlement of personal needs. It can be to achieve a certain goal or project. 

The is for salary earners and you need a duly filled application form, a valid means of identification, and proof of employment to qualify for this type of loan. 

Salary Advance Loan

You can get a 200% net advance on your monthly salary but you will pay it back in 6 months. No collateral is required. 


Other types of access bank loans are device finance, w-power loan, advance for school fees, vehicle finance, etc. 


Access Bank Loan Requirements

To be qualified to borrow money from an access bank, there are some requirements that must be met before you can have access to some type of access loan.

Some of the requirements are:

  • A completed application form
  • A valid means of identification like an International Passport, Voter’s Card, National ID, etc.
  • Bank Verification Number (BVN)
  • Utility bills e.g electricity bill, water bill, etc
  • Two passport photographs
  • Proof of employment (for salary earners loan)


How to Borrow Money from Access Bank

The access bank loan is designed for both salary earners and non-salary earners. This is so in order to make sure every customer irrespective of status benefits from the loan. 

Access bank has put in place various ways interested individuals can apply for access bank loans. 

Some of the ways include: 

  • Through USSD Code
  • Access Bank Internet banking
  • Access bank’s Mobile app 
  • Visit any Access Bank Branch


  1. Through USSD Code

This is the easiest way by which you can apply for your preferred access loan, especially the payday loan. 

To use this method, follow the steps below:

  • Dial *901*11*1#  from the phone number linked to your access bank account. 
  • Select the type of loan you want 
  • Follow the prompt to complete your application. 


  1. Access Bank Internet banking

Through Access to bank internet banking, applying for access loans becomes easier. All you need is a smartphone and an internet connection. 

To use the method, follow the steps below:

  • Log on to access the bank site –
  • Sign in using your username and password
  • Click on Personal Banking
  • Select Loans
  • Select the type of loan you want to apply for and follow the instructions for a successful application.


Note that you must have registered on the access bank internet banking before you can use the method. 


  1. Access bank’s Mobile app 

Application of access loans is one of the numerous things you can do on the access bank mobile bank app. 

  • Download the access bank mobile app from the Playstore or Apple store 
  • Sign in using your username and password or register using your bank details
  • Go to the menu and click on Loans and Investment
  • Click on Loans
  • Then select the type of loan you want to apply for and follow the prompt instructions for a successful application. 


  1. Visit any Access Bank Branch

If there is any access bank branch near you, just walk into the bank and request a loan application from the customer service desk.

You will be given an application form but don’t forget to go with all the requirements to be submitted with the loan application form.

How to Check Access Bank Loan Balance

After a successful loan application, over time you might want to check how much you want to have left to pay. 

All you have to do is either of the following:

USSD Code – Dial *901*11# and follow the prompt to check your loan balance

Access Bank Mobile App – Log on to your access bank mobile app, and click on loans and investment. Select loan and you will see your current loan and the available balance left to pay. 

Access Bank Internet Mobile Banking – Log in to your internet mobile banking, click on personal banking, and select loans and you will be able to view your current loan status and available balance. 


Frequently Asked Question

What code can I use to get a loan from Access bank?

Answer –  *901*11*1# is the code to dial on your mobile phone.

Can a student get a loan from Access bank?

Answer – Yes, the access bank advance for school fees is a student loan

What is the interest rate of an access bank loans?

Answer – The interest rate is based on the type of loan you applied for.

How can I get a loan from Access bank without collateral?

Answer – You can get a loan from an access bank without collateral through either of the available means of applying for a loan.

How long does it take for a loan to be approved and credited?

Answer – The duration of approval depends on the type of loan you are applying for. A payday loan is approved instantly and you will be credited immediately. 

Final Thoughts

Loans come in handy in emergency situations and borrowing from your financial institution might be the only option you have left.

How to borrow money from an Access bank is easy as long as you have the requirements. You can borrow a loan from access bank through a USSD code, access the bank mobile app and access bank internet banking. 

To check your loan balance, go through any of the above-mentioned ways. 


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