Are you in need of quick cash to solve an urgent problem? Do you want to avoid the hassle of filling forms, submitting documents, and waiting for days to get approved? If yes, then you should know how to use USSD code to get loan from Access Bank in minutes.
Access Bank is one of the leading banks in Nigeria that offers a variety of loan products to its customers. Whether you need money for personal, business, or emergency purposes, Access Bank has a loan option for you. And the best part is, you can apply and get the loan using your phone, without visiting any branch or ATM.
In this article, we will show you how to use USSD code to get loan from Access Bank in minutes. We will also explain the benefits, features, requirements, and repayment terms of the loan. By the end of this article, you will be able to use USSD code to get loan from Access Bank anytime, anywhere.
What is USSD Code?
USSD code is a short code that you can dial on your phone to perform various banking transactions. USSD stands for Unstructured Supplementary Service Data. It is a communication protocol that allows you to interact with your bank’s server using your phone.
USSD code is fast, convenient, and secure. You don’t need internet connection or a smartphone to use it. You can use any phone that can make and receive calls. You also don’t need to download any app or register for any service. All you need is your phone number and your bank account number.
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How to Use USSD Code to Get Loan from Access Bank
To use USSD code to get loan from Access Bank, follow these simple steps:
1. Dial *901*11# on your phone. This is the USSD code for Access Bank loans.
2. Select the type of loan you want. You can choose from Payday Loan, Salary Advance, Vehicle Finance, Device Finance, or Personal Loan.
3. Enter the amount you want to borrow and the repayment period. The minimum amount you can borrow is N1,000 and the maximum is N5 million. The repayment period ranges from 1 day to 48 months, depending on the type of loan.
4. Confirm your details and accept the terms and conditions. You will see your name, account number, loan amount, interest rate, repayment date, and total amount payable. You will also see the terms and conditions of the loan. Read them carefully and accept them if you agree.
5. Enter your PIN or OTP to complete the transaction. You will receive a PIN or OTP (One Time Password) on your phone to verify your identity. Enter it correctly and submit.
6. Receive your loan instantly in your account. Once your application is approved, you will receive an SMS confirmation and your loan amount will be credited to your account immediately.
Read also: First Bank Quick Loan Code
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Benefits of Using USSD Code to Get Loan from Access Bank
Using USSD code to get loan from Access Bank has many benefits, such as:
– It is fast and easy. You can apply and get the loan in minutes, without any paperwork or delay.
– It is convenient and accessible. You can use any phone and any network to access the service, 24/7.
– It is flexible and affordable. You can choose from different types of loans with competitive interest rates and flexible repayment terms.
– It is secure and reliable. Your data and transactions are protected by encryption and authentication.
Features of Using USSD Code to Get Loan from Access Bank
Using USSD code to get loan from Access Bank has some features that you should know, such as:
– You must have an active account with Access Bank to use the service.
– You must be at least 18 years old and have a verifiable source of income.
– You must have a good credit history and not be in default with any other lender.
– You must not have any outstanding loan with Access Bank or any other bank.
– You must not exceed your eligible loan limit based on your income and repayment capacity.
Requirements for Using USSD Code to Get Loan from Access Bank
To use USSD code to get loan from Access Bank, you need the following:
– A phone that can dial USSD codes
– Your phone number linked to your Access Bank account
– Your Access Bank account number
– Your BVN (Bank Verification Number)
– Your PIN or OTP for verification
Repayment Terms for Using USSD Code to Get Loan from Access Bank
To repay your loan using USSD code from Access Bank, you need to know the following:
– Your repayment date is based on your salary date or income cycle.
– Your repayment amount is automatically deducted from your account on the due date.
– You can also make early or partial repayments by dialing *901*11# and following the prompts.
– You can check your loan balance and status by dialing *901*11# and following the prompts.
– You can contact Access Bank customer care on 0700 300 0000 or send an email to contactcenter@accessbankplc.com for any inquiries or complaints.
Read also: First Bank Quick Loan Code
Read also: Mama Credit Loan App, Benefits, Requirements, Apply for Loan
Conclusion
Using USSD code to get loan from Access Bank is a smart way to access quick and easy funds for your personal, business, or emergency needs. You can apply and get the loan in minutes, without any hassle or stress. You can also enjoy competitive interest rates and flexible repayment terms.
To get loan from Access Bank, simply dial *901*11# on your phone and follow the steps. You will receive your loan instantly in your account.
