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All Your Questions Answered: Access Bank Small Ticket Personal Loan

Written by Taiwo Temitope-Adesope | May 23, 2023 11:21:55 PM

Looking for a convenient and affordable way to get a personal loan in Nigeria? You should give the Access Bank Small Ticket Personal Loan a try. With this loan, you can get up to 400% of your net monthly salary and repay for 12 months.

FAQs About Access Bank Small Ticket Personal Loan

Who can get the Access Bank Small Ticket Personal Loan?

To be eligible for an Access Bank Small Ticket Loan, you must:

1. Be a Nigerian citizen.

2. Be at least 18 years old.

3. Have a valid bank account.

4. Be a salary earner with a monthly income of at least NGN50,000.

What is the maximum amount I can borrow?

The maximum amount you can borrow from Access Bank for a Small Ticket Personal Loan is NGN5,000,000.

What is the interest rate on Access Bank Small Ticket Personal Loan?

The interest rate on Access Bank Small Ticket Personal Loans is 0.6% per month which is fixed for the duration of the loan.

What are the repayment terms for Access Bank Small Ticket Personal Loans?

The repayment terms for Access Bank Small Ticket Personal Loans are up to 12 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#.

Are there fees associated with Access Bank Small Ticket Personal Loans?

There are no upfront fees associated with Access Bank Small Ticket Personal Loans, but there may be late fees if you do not repay your loan on time.

How long does it take to get approved for an Access Bank Small Ticket Personal Loan?

The approval process for Access Bank Small Ticket Personal Loans is quick and easy. You can usually get approved for a loan within minutes.

What happens if I am unable to repay my loan on time?

If you are unable to repay your loan on time, Access Bank may charge you late fees.

What are the benefits of an Access Bank Small Ticket Personal Loan?

There are several benefits to taking out an Access Bank Small Ticket Personal Loan. These include:

1. Quick approval process.

2. Competitive interest rates.

3. No collateral required.

4. Easy application process.

How to Apply Access Bank Small Ticket Personal Loan on nairaCompare

1. Click ‘Access Bank Small Ticket 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.

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 hours.

Visit nairaCompare to know more about the Access Bank Small Ticket Personal Loan and other loans available.