Loan Type |
Available to |
Loan Amount |
Repayment Plan |
Pricing |
LATO Premium
(PLAT) |
Customers who maintain a minimum turnover of ₦200,000 in the last 30 days and ₦500,000 in the last 6-12 months. |
Up to 20% of Average Turnover, subject to a max. of ₦500,000 |
90 days with repayment over 3 months |
Interest 6.5% on reducing balance
Management fee 1%
Credit Life Insurance 0.5% |
PayDay Loan
(PDLP) |
Salary account holders with Access Bank
|
Up to 75% of monthly salary |
Against next salary payment or 30 days (whichever comes first) |
Interest 6.5%
Management fee 1%
Credit Life Insurance 0.3%
|
Other bank customers whose salaries are processed via Remita |
Up to 50% of monthly salary, but subject to a max. of ₦300,000 |
Against next salary payment or 30 days (whichever comes first).
Your repayment will be deducted from your next salary and taken from your other bank account |
Interest 7.5%
Management fee 1%
Credit Life Insurance 0.3%
|
Salary Advance
(SADV) |
Salary account holders with Access Bank who earn a minimum of N50,000 |
Up to 200% of monthly salary |
180 days with repayment over six (6) monthly instalments |
Interest Rate: 5.4% (on reducing balance)
Management Fee: 1%
Credit Life Insurance: 0.7%
|
Small Ticket Personal Loan
(STPL) |
Salary account holders with Access Bank who earn a minimum of N100,000 |
Up to 400% of monthly salary |
365 days with repayment over twelve (12) monthly instalments |
Interest Rate: 5.2% (on reducing balance)
Management Fee: 1%
Credit Life Insurance: 1%
|
Device Finance
(DFPS) |
Salary account holders with Access Bank & other bank customers |
Up to 33% of annual salary, but subject to a max. of ₦500,000 |
365 days with repayment over twelve (12) monthly instalments |
Interest Rate: 27% (flat)
Credit Life Insurance: 1%
|