How To Open Access Bank Salary Account And Get Salary Loans


Access Bank is a renowned bank with large spread in various states in Nigeria.The bank also has very impressive customer base. When it comes to salary loans, one can simply conclude that the bank is  customer friendly given various salary loan options open to you if you are an Access Bank customer with your salary account domiciled with the bank. In this article, we will discuss salary loan options open to Access Bank customers who are Salary earners.

1) Personal Salary Loan

Access Bank Personal salary loan is a salary administration loan product designed to assist salary earners who are Access bank customers meet their financial obligations by allowing them access to  up to 50% of their annual salaries even without terminal benefits.

Features of Access Bank Personal Salary Loan

  • Flexibility to meet individual 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 tenure.
  • Credit life insurance.

Requirements To Apply For Access Personal Salary Loan

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

Sometimes emergencies arise before payday and you might be low on cash. This is where PayDay Loan comes in. Payday Loan is an instant loan product for Access bank customers (both salary and non-salary earners). With Payday Loan, you can borrow money at a low-interest rate with no documentation or collateral needed.

With this facility you can get access to an instant loan by dialing *901*11#, *426*11# or via Internet Banking, WhatsApp Banking, Access Mobile App and QuickBucks App.

Features Of PayDay loan

  • 24/7 service which does not require visits to the bank and application is done conveniently via *901*11#, *426#, QuickBucks App, Internet Banking, Mobile App.
  • No documentation required.
  • No collateral required.
  • Up to 36 months tenure.

How To Apply For PayDay Loan

You can get access to this losn if you are an Access bank customer by simply dialing *901*11#, *426*11# with the phone linked to the account or via Internet Banking, WhatsApp Banking, Access Mobile App and QuickBucks App.

3) Salary Advance

Access bank Salary Advance loanSalary Advance loan allows customers who receive their monthly salaries via the bank to have access  to funds before month end to attend to their needs.

Features Of Salary Advance

  • 24/7 service which does not require visits to the bank and application is done conveniently via QuickBucks App or USSD code *901*11*1#
  • No documentation required.
  • No collateral required.
  • Six(6) months tenor.

How To Apply For/ Get Salary Advance  Loan

There are two ways to apply for and get this loan. They are as follows:

  •  Via  USSD code *901*11*1#
  • Or  conveniently via QuickBucks App.

QuickBucks is a Mobile Banking Application of Access bank for digital loans. It is a platform for all loan products aimed at improving your borrowing experience – for retail Loans, Credit Card, Debit Card, Consumer Durable Loans and Device Financing loan requests.

Are you an Access bank customer and needs a new device upgrade? Then this loan option is available for you to consider which finances your purchase with a contract arrangement that includes a monthly airtime bundle.

Features Of Access Device Financing

  • No collateral required.
  • Free airtime bundles with MTN.
  • Up to twelve months term.

How to get the Device Finance Loan

  • Download the Quickbucks app from your app store
  • Enter your email address and BVN linked phone number
  • An OTP will be sent to you via SMS for verification. Upon verification, create an app password (used to log into the app) and PIN (used in transacting)
  • Input personal details such as location, address, name, salary account name and number, BVN etc. Then agree/consent to terms and conditions
  •  Click on the ‘device finance’ console. Select the phone of your choice and fill in required details
  • Click on ‘get this device’. Accept the T&C
  • Customer receives a transaction code via mail with other requirements for pickup of device.

5) Advance For School Fees

Honestly, education is the most important investment you can make in your child’s tomorrow. Access bank Advance for School Fees scheme is designed to provide parents/guardians with short–term financing to cover tuition fees for their children/wards. It is also ideal for financing undergraduate study, postgraduate study and professional examinations.

Features Of Advance For School Fees Loan

  • Ensures that your child’s education is not interrupted, due to unforeseen circumstances.
  • Loan amount: up to N5million.
  • Up to 6months repayment period.

Required Documents For Advance For School Fees

  •  Duly completed application form
  • Duly accepted offer letter
  • School fees bill / invoice in the name of the student. The bill should contain the total fee amount
  • Valid ID card and recent utility bill (with the last 3 months)

Additional Documents for Out of Bank

  • Executed NIBBS mandate form.
  • Acceptable party guarantee of personal or corporate (Guarantor must maintain a salary or corporate account with Access bank) and
  • Statementof Net worth of guarantor.
  • Payslipsand6 months statement.
  • Letterof lien/set-off

    How To Apply For Advance For School Fees


    • Download the below listed forms and fill in with accurate information.
    • Append your electronic signature (don’t know how to go about it? Very easy! Simply download any scanner app on your phone, scan your signature and save as image. Copy and paste the image on the form.)
    • Send completed form and all required documents to:

    [email protected]

    • Access bank team picks it up and starts processing your loan.
    • Loanis approved and offer letter is communicated for execution
    • Uponreceipt of executed offer letter and all necessary documents available.
    • Loanis disbursed into your account and immediately transferred to the school’s account.
    • Presenttransaction receipt at school.

Documents to  download For Application  

  • Retail Lending Application Form.
  • PersonalGuarantee Form.
  • Statementof Personal Networth.
  • Corporate Guarantee

Download from the following website of Access bank.

You can as well contact Access bank customer care unit for more information you may require.

6)Vehicle Finance Loan

This loan option helps you as an Access bank customer to acquire new and pre-owned vehicles in a financially convenient manner. One can say that owning a vehicle has never been this easy!

Benefits Of Vehicle Finance Loan

  • Pre-owned and brand new vehicle purchase financing
  • Access to a wide range of vehicle brands and models
  • Vehicle re-financing for pre-owned cars
  • Highly competitive interest rates
  • Access to a wide range of vehicle brands and models

Features Of Access Bank Vehicle Finance Loan

  • Open to salaried income persons, SMEs and Corporates
  • Equity contribution as low as 10% of invoice value
  • Highly competitive interest rate.
  • Also available is the financing of the vehicle routine maintenance, insurance and registration
  • Management fee @ 1% (one-off)
  • Up to 48 months tenor
  • Wide variety of vendors to choose from

General Requirements For Applying For Access Vehicle Finance Loan

  • Completed application form
  • Pro forma invoice from any of the Bank’s approved vendors addressed “Access Bank/Customer’s name”
  • Credit Checks
  • Blank transfer of ownership Form
  • Vehicle Inspection report & agreement (Pre-owned vehicles only)
  • Duly accepted offer letter & term sheet

Additional requirements for Salaried income persons

  • Copy of Staff ID

For list of dealers approved by the bank for the vehicle finance loan click here

7) Access Bank Home Loan

Access bank home loan also called  mortgage product is designed to provide financial support for the acquisition of completed properties and properties under construction.

Features Of Access Home Loan

  • Available to salary earners and business entrepreneurs.
  • Available for properties in Lagos, Abuja, and Port Harcourt.
  • Minimum of 20% equity contribution.
  • Up to 20 years tenor subject to the borrower’s age.
  • Asset protection & Credit life insurance.
  • No provision for interest.

General Requirements To Apply For Access Home Loan

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

Click here and scroll down to download to mortgage form.

8) Vacation Finance Loan

The typical expenses that are covered under this loan option include air tickets, hotel bookings, holiday packages and travel Insurance. With this facility Access Bank gives you as their customer the opportunity to travel your choice destinations and access finance with flexible repayment options.

Features /Requirements To Apply For Vacation Finance Loan

  • Travel and pay at your convenience
  • Salaried individuals can access loans to finance their air tickets, travel & tour packages and accommodation.
  • Loantenor is up to 12 months.
  • Interestrate is as applied on Personal Loan for each employer.
  • 1% discount on interest rate for XclusivePlus subscribers.

Required Documents To Apply For Vacation Finance Loan

  •    Quote from a partner travel agent
  •    Duly mpleted application form
  • Valid & Work ID
  •  Duly accepted offer letter and term sheet
  • Six (6) months salary bank statement (for new to bank customers only)

For more details about this product and the conditions Click here


Indeed, Access Bank is a salary earner friendly bank and has proved this by designing various loan products meant for salary earners having their salaries domiciled with the bank. So, as a worker, with these products discussed above you may consider financing your house purchase, vehicle purchase and other personal needs using any of the options that best suits your circumstance.

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