ACCESS BANK NIGERIA LOANS

One of the major challenges businesses and even individuals face is finance. A lot of ideas die even before they are tried due to lack of funds. Most times, the only available option is an external financial assistance in advance, with a plan to repay in future. Indeed Access bank with consistently strong revenues and profit is one of the best banks to run to for loans. Even if you do not like them for any reason, you just must appreciate their service culture. Access bank is arguably the most customer-friendly Nigerian bank.

Personal Loan

A salary administration product that takes care of the financial needs of employees who receives their salaries through Access bank.

Features

• Flexibility to meet varied personal needs
• Loan amount up to 75% of net annual salary (for applicants with terminal benefit)
• Loan amount up to 50% of net annual salary (for applicants without terminal benefit)
• Up to 36 months tenor
• Credit life insurance

Requirements

1. Completed Application Form
2. Completed Employee Status Inquiry/Employer’s Confirmation Form
3. Evidence of Confirmation (Letter of Confirmation, Last promotion letter etc.)
4. Copy of Employment ID and valid means of identification
5. BVN
6. Credit checks
7. Letter of Lien/Set off

Payday Advance

This fast and convenient product is a novel introduction in the industry and provides employees with quick access to funds

Features

• 24/7 service which does not require visits to the bank and application is done conveniently via *901*11# or www.mypayday.ng
• No documentation required
• No collateral required
• Up to thirty one (31) days tenor

Advance for School Fees

Their Advance for School Fees scheme is designed to provide parents/guardians with short–term financing to cover tuition fees for their children/wards, as well for financing of undergraduate study, postgraduate study and professional examinations.

Features

• It ensures that children’s education is not interrupted due to unforeseen circumstances that parents may experience.
• Loan amount of up to N5million.
• Refinancing option available.
• Remittance services available.

Requirements

1. Completed Application Form.
2. Admission Letter.
3. Tuition Advice.
4. Letter of domiciliation of salary account with Access Bank.
5. Copy of Employment ID and valid means of identification.
7. Credit checks.

Salary Advance

Their salary advance gives you access to 50% of your net monthly salary for a maximum period of 3 months.

Vehicle Finance

A veritable platform for customers to acquire new vehicles in a financially convenient manner.

Features

• Open to salaried income persons, SMEs and Corporates
• Equity contribution as low as 10% of invoice value
• Competitive pricing
• Up to 48 months tenor
• Wide variety of vendors to choose from

General Requirements

1. Completed Vehicle Lease Application Form
2. Pro forma invoice from any of the Bank’s approved vendors
3. Credit Checks
4. Blank transfer of ownership Form

Additional requirements for Salaried income persons

1. Letter of introduction
2. Employee Status Inquiry/Employer Confirmation & Undertaking
3. Recent six (6) months pay slip/salary bank statement

Additional requirements SMEs and Corporates

1. Company profile
2. Recent management/audited accounts
3. Bank statement(s)
4. Personal Guarantee of a Director of the company supported by notarized statement of net worth
5. Board resolution (applicable to corporates only)

Home Loans

Their mortgage product is designed to provide financial support for the acquisition ready properties and properties under construction.

Features

• Available to salary earners and business entrepreneurs
• Available for properties in Lagos, Abuja, and Port Harcourt
• Minimum of 30% equity contribution
• Up to 10 years tenor
• Asset protection & Credit life insurance

Requirements

1. Completed Mortgage Application Form
2. Employee Status Inquiry/Employer’s Confirmation Form
3. Letter of offer from the property seller
4. Title document of the property
5. Valuation report from any of the Bank’s approved estate valuer
6. Search report
7. Credit checks

Maternal Health Service Support (MHSS)

Their Maternal Health Service Support is designed for women and to help families overcome financial challenges and support them in their quest for parenthood and healthcare. The financing options cover a wide range of procedures including IVF treatment, Child delivery, and specialized operations/treatments (fibroid, arthritis, dental, eye surgeries etc.)

Features

• Highly subsidized interest rate
• Loan amount of up to 75% of net annual salary
• No Fees
• Credit life insurance

Requirements

1. Completed Application Form
2. Employee Status Inquiry/Employer’s Confirmation Form
3. Evidence of Confirmation (Letter of Confirmation, Last promotion letter etc.)
4. Copy of Employment ID and valid means of identification
5. Medical bill
6. BVN
7. Credit checks