By Olushola Okunlade, Publisher

Access Bank is gradually becoming the most reliable bank to many business owners and individuals in terms of loan procurement to their customers in Nigeria, Africa and Beyond.

The bank has continue to provide different loan facilities to accomodate customers needs and requirement, putting measures in place to dispel some of the fears about taking a loan without entering the banking hall.

Most business owners and individuals need loan to boost their businesses or cover personal needs but fear makes them shy away from banks documentation processes and collateral.

Access Bank Plc, make it easy to access digital loan anywhere you maybe while paying back with low interest rate. The bank remain committed to their purpose of impacting customers live positively. This show of support from Access Bank help alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.

In most cases, the bank decides how much every given person can receive from them and status of your account matters in accessing loan. As a rule, such a loan must be paid back by the end of the month or at the moment you agreed with them, whichever happens earlier. As soon as the moment comes and the loan matures, the necessary amount will be retrieved from your account as due.

Many customers who have been able to access loan at their finger tips gave testimonies more on QUICKBUCKS LOAN, PAYDAY LOAN and W POWER LOAN. Customers confessed Access Bank QuickBucks loan is easy to pay.

QuickBucks, a Mobile Banking Application for digital loans. It is a holistic 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.
With the recent introduction of the W Power Loan, female enterpreneur can now request a loan from the Bank just after 30 days of operating an account. The package comes with benefits such as business advisory services, a flexible repayment period and a low interest rate as well as flexible security options, to ease the minds of the passionate business owners.

With over 40 million customers and 600 branches nationwide, Access Bank has continued to roll out customer friendly services and products to encourage the growth of businesses in the country.

Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value.

Access Bank Plc, are at the forefront of digital lending across the continent. This is a deliberate choice the bank made when they introduced the first USSD based digital lending product in Nigeria based on our deep understanding of our operating environment.

In the past two years, Access Bank have disbursed over 3.5 million loans to individuals. The bank acknowledge it is no mean feat when compared to where the market is coming from, but this is still a scratch in the overall potential of this market.

Last year, Access Bank disbursed over N45b in over 2 million disbursements to individuals and have recently witnessed a spike in our volumes hitting N1billion daily. This achievement and our focus on retail lending reiterates our commitment to democratize access to financial services leveraging digital technology.”

Since the launch of Access Bank’s digital loan portfolio with PayDay Loan as the flagship product, Access Bank has continued to expand its loan portfolio using its proven innovative algorithms and deep machine learning capabilities. The Bank’s retail innovation journey has led it to expand its digital loan offerings to other multi-tenured variants to fit the needs of its diverse retail customer segments.

Access Bank Plc, recently launched a dedicated loan application platform known as QuickBucks in the third quarter of last year; a Mobile Banking Application for digital loans aimed at improving customers borrowing experience for retail loans.

As part of its commitment to deepening digital finance, the Bank has gone a step ahead to provide access to phone ownership as it recently launched a 12-month Device Ownership scheme where any salary earning customer can select a phone of his choice from their QuickBucks app and walk into any of Access Bank’s partner outlets across the country to pick up the phone.

Access Bank’s objective is to ensure that there is a digital loan product for every adult Nigerian who has proven means of livelihood because they know that every individual at one point or another requires some form of financial support. The bank flagship digital loan product, PayDay Loan, is tailored to help individuals meet their urgent cash needs. Though the tenor for this loan is 30 days or more, they also have loans with tenors of 3 months and 6 months.”

Access Bank’s digital loans are accessible within 24hours, 7 days a week service and can be accessed via the short code 901*11#. One can also access it via Access Mobile App and the QuickBucks App; these apps are available for download on the Play Store and iOS stores.