Access Bank loan – How To Get Quick Loan By Dialing *901* 11#

With quick loan option from access bank which does not require visits to the bank, application is simply done conveniently from your phone by dialing *901*11*1 or  via QuickBucks App.

In this article, we will look into the how you can have access to this quick loan option of Access Bank, the main Features, requirements and the conditions for the loan.

Main Features Of Access Bank *901*11# Quick Loan

1. No documentation required.

2. No collateral required.

3. Six (6) months tenor.

How To Get The Access Bank *901*11# Quick Loan

Because this loan product is only available to Salary earners, it is called Salary advance Loan. You can request for a Salary Advance Loan through any of the following ways:


1. Dial the USSD code *901*11# using the phone line registered with the bank

2. QuickBucks

Download the QuickBucks app, available on the Google Playstore or iOS App Store

Conditions Terms For The Access Bank Quick Loan

The following are the main terms and conditions for the loan:


As may be approved byAccess Bank.


To bridge immediate cashflow gap.


180days, with repayment over six(6)monthly installments


The interest rate for the facility is 5.5% monthly on the reducing principal balance, which
shall be subject to review from time-to-time in line with the prevailing money market
condition. Any change inpricing of thebfacilityvnotified by thebLender to the Borrower shall
be binding on the Borrower.


1% flat




Period Default Penalty
Calculated based on days of delay in repayment.


Proceeds of monthly salary payment domiciled to the Lender, or inflow into the customer’s account when loan is past due.


The facility commences upon drawdown or on the date of disbursement
not withstanding the date on the offer or date of execution. This loan is repayable on six
(6) monthly repayment installments.


The facility is secured with the following:
1.Irrevocable domiciliation ofsalary
2.Credit life insurance covering the risk of death/disability, and retrenchment of the
3.Authorization to sweep any related internal and/or external BVN related
account(s) before repayment.


This facility shall be available for utilization only upon satisfactory compliance with the
conditions precedent tod rawdown as may be prescribed  by Access Bank.


Loans are usually disbursed instantly, however in some cases, delays are caused by
third parties outside the control of Access Bank. Such delays are generally resolved
within 24 hours and the bank will keep you informed as to when your loan will disburse.


1.Evidence of monthly salary (via payroll administration) over the last three (3)
months must be received in thevBorrower’s account inbthe Bank.

2.Completion of application via their electronic digital lending banking platforms
including, but not limited to, the USSD string*901*11#, ATM, mobile banking app,
internet banking and QuickBucks.

3.Automated confirmation on eligibility and visibility of monthly payroll through a
separate preapproved customer database.

4.Acceptance of offer via their electronic digital lending banking platforms including,
but not limited to, *901*11#, ATM, mobile banking app, internet banking and

5.Acceptance of the Terms and Conditions.

6.Irrevocable salary domiciliation to the Bank.



The Borrower covenants with the Lender that the Salary account would be
sufficiently funded up-front to absorb interest, commission and other charges.
The Borrower also covenants with the Lender that the salary account would be
domiciled in the Bank, as long as the Borrower has an active exposure or have
outstanding balance on principal or interest.
By signing the offer letter/loan agreement and by drawing on the loan, the Borrower
covenants to repay the facility as and when due. In the event that the Borrower fails to
repay the facility as agreed, and the loan becomes delinquent, the Bank shall have the
right to report the delinquent loan to the CBN through the Credit Risk Management
System (CRMS) or by any means, and request the CBN to exercise its regulatory power
to direct all Banks and other financial institutions under its regulatory purview to set-off
the borrower’s indebtedness from any money standing to the borrower’s credit in any
bank account and from any money standing to thebborrower’s credit in any bankvaccount
and from any other financial assets they may be holding for the borrower’s benefit.


The Borrower is at liberty to pay off their loan before maturity date at their convenience,
using any of the Bank’s digital lending channels, or by visiting any Access Bank branch
at no additional cost to the Borrower

Loans will be liquidated on a reducing balance, where the monthly interest repayment
amount will decrease over time as the balance is paid down. Interest repayment is on a
monthly basis, where the Borrower will be charged against the full monthly cycle.



The Borrower covenants that in addition to any general lien or similar right to which the
Lender as a banker may be entitled by law, the Lender may at any time and without
notice to the Borrower combine or consolidate all or any of the Borrower’sbaccounts with
any liabilities to the Lender and set off or transfer any sum or sums standing to the credit
of any one or more ofbsuch accounts in or towards satisfaction of the Borrower’s liabilities
to the Lender, or any other respect whether such liabilities be actual or contingent,
primary or collateral and several or joint.


If the Lender has determined that the introduction of or change in any applicable law or government or otherbregulatorybauthority charged with thevadministration thereof or court of competent jurisdiction makes it apparent that it is unlawful or illegal for the Borrower or the Lender to fund or maintain or perform their obligations as contemplated by the terms of the Offer Letter, the Lender shall forthwith give notice of such occurrence to the Borrower and the commitment shall forthwith be cancelled or discharged and the Borrower shall on the next succeeding payment date or such earlier date as may be required repay to the Lender the principal amount so disbursed together with accrued interest, if any, and other amount due to the Lender. 




The terms and conditions shall remain in force, as long as Access Bank remains a creditor of the Borrower, or as long as any part of the facility remains outstanding.

These conditions are as prescribed by Access Bank and found in her website. For complete details of all the terms and conditions, visit the

Access Bank website



In conclusion, note that this Information concerning this quick loan product of Access bank has been provided to help you in weighing your options when you have need for a quick loan.


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