Are you looking to take out a personal loan but not sure where to start? Access Bank Personal Loans are a great option for those who need extra funds for any purpose. With competitive interest rates and flexible repayment plans, Access Bank offers an easy and convenient way to borrow money.
In this blog post, we’ll answer all your questions about Access Bank Personal Loans so you can make an informed decision about taking one out.
Special features of Access Bank Personal Loan
1. Flexibility to meet individual needs.
2. Loan amounts up to 50% of net annual salary (for applicants without terminal benefit)
3. Loan amounts up to 50% of net annual salary (for applicants without terminal benefit)
4. Up to 36 months tenure.
FAQs about Access Bank Personal Loan
Here are some frequently asked questions about Access Bank Personal Loan:
Who can apply for Access Bank Personal Loan?
Anyone who is a Nigerian citizen and meets the eligibility criteria can apply for Access Bank Personal Loan.
To qualify for an Access Bank Personal Loan, you must:
1. Be a Nigerian citizen.
2. Be at least 18 years old.
3. Have a valid government-issued ID.
4. Have a verifiable source of income.
5. Have a good credit history.
What documents do I need to apply for Access Bank Personal Loan?
To apply, you will need to provide the following documents:
1. Signed post-dated cheques.
2. Valid ID – Driver’s ID, National ID or International passport.
3. Three (3) months stamped statement of account.
4. Two Individual external guarantors with proper means of identification such as BVN, four (4) passport photographs, Identity Cards and Letter of Intent to guarantee the loan.
6. Utility bill (within the preceding 3 months).
What is the maximum amount I can borrow with Access Bank Personal Loan?
The maximum amount you can borrow with Access Bank Personal Loan is N5 million.
What is the interest rate for Access Bank Personal Loan?
The interest rate for this loan is 7.0 %.
What are the repayment terms for Access Bank Personal Loan?
The repayment terms for an Access Bank Quick Loan are flexible and can be customized to fit your needs. You can choose to repay the loan over a period of 3 to 36 months.
What is the USSD Code to take out a loan from Access Bank?
The code used to get loans from Access Bank is *901*11# or *426*11#.
How long does it take for money to be disbursed after my loan is approved?
Getting a loan from Access Bank is usually a quick and easy process. Depending on the type of loan you are applying for, it can take anywhere from a few days to a few weeks to receive approval. Typically, personal loans can be approved, and money disbursed in 24 – 48 hours.
Does taking out an Access Bank Personal Loan come with risks?
There are some risks associated with taking out any type of loan. The main risk is that you may not be able to repay the loan on time. If you default on the loan, you may be subject to late fees, penalties, and even legal action.
What are the benefits of taking out an Access Bank Personal Loan?
There are many benefits to taking out an Access Bank Personal Loan. The loan is easy to qualify for, offers competitive interest rates and flexible repayment terms, and can be used for a variety of purposes.
Additional information about Access Bank Personal Loan
The loan is available to both salaried and self-employed individuals.
The loan is easy to qualify for and offers competitive interest rates and flexible repayment terms.
How to Apply for Access Bank Personal Loan on nairaCompare
1. Click ‘Access Bank Personal Loan’.
2. Read through the information on the product page to get more details about the product.
3. Click on ‘Apply’ to begin the application process.
4. Fill in your personal details and provide all the necessary documents.
5. Submit your application form for review and processing.
6. After successful review of your application, you will receive an email notification confirming your application.
If the bank approves your application, you will receive the money in your bank account within 24-48 hours.
Visit nairaCompare to know more about Access Bank Personal Loan and other available loan products.