PayDay Loan

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PayDay Loan

Sometimes emergencies arise before payday and you might be low on cash. This is where PayDay Loan comes in and you can get access to an instant loan by dialing *901*11*1# or via Internet Banking, WhatsApp Banking, Access Mobile App and QuickBucks App.

Payday Loan is an instant loan product for customers (both salary and non-salary earners). With Payday Loan, you can borrow money at low interest rate with no documentation or collateral needed.


  • 24/7 service which does not require visits to the bank and application is done conveniently via *901*11*1# QuickBucks App, Internet Banking, Mobile App.
  • No documentation required.
  • No collateral required.
  • Up to thirty-one (31) days tenor.

Download the Quickbucks app using this QR code:

Access Bank - Quickbucks

For further concerns about PayDay loan, click here to find out more.



It is an instant digital loan product which is targeted at salary earners who meet the Bank’s Risk Acceptance Criteria (RAC).
As many times as you may like, as long as you have not exceeded your eligible amount.
Your PayDay Loan will be due for repayment by your next salary payment or 30 days from the day the loan was taken (whichever comes first). The loan amount will then be automatically deducted from your salary account.
Customers are at liberty to pay off their loan at their convenience. Interested customers can self-liquidate their existing PayDay Loan on the QuickBucks platform. Alternatively, customers can contact Access Bank on +234 700 300 0000 or +234 1 271 2005; send an e-mail to; or visit any Access Bank branch to liquidate their loans.
The loan amount will be deducted from any inflow into the customer’s account. Where the loan us past due, deduction will be made from any account linked to your BVN.
Customers will face a 1% penal charge per month for defaulting on the loan from 31 days past due.
You will need to visit the nearest Access Bank branch to obtain a debit card and submit documentation for the new account.
Documentation required:
  • Valid government issued identification (ID) card i.e. International Passport, Driver’s License, National ID card
  • Recent utility bill
  • Passport photograph

You can also initiate transfers using our USSD platform *901# (please note that you can only transfer ₦20,000 at a time).

Yes, there are. Please see the table below for other instant digital loan products available.

Loan Type

Available to

Loan Amount

Repayment Plan


Salary Advance

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: 3.9% (on reducing balance)

Management Fee: 1%

Credit Life Insurance: 0.7%

Small Ticket Personal Loan

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: 3.7% (on reducing balance)

Management Fee: 1%

Credit Life Insurance: 1%

Device Finance

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%

*Please note that all fees will be take upfront at the point of disbursal
Yes. The new account is a regular account which you can use to run your day-to-day transactions.
The loan amount will be deducted at source from your next salary payment, meaning the funds will be taken from your salary before the salary hits your account.
You can request for a Payday Loan through any of the following ways:
  • Dial the USSD code *901*11#
  • QuickBucks
    • Download the QuickBucks app, available on the Google Playstore or iOS App Store
    • Or click here to visit the QuickBucks website
  • Go to the Access Mobile App and select Loans & Investments
  • Access Bank Internet Banking and WhatsApp Banking channels
No, it does not. If your salary is processed via Remita, you can also apply for a PayDay Loan. Please note that when you request a PayDay Loan, an Access Bank account will be automatically opened for you and the loan disbursed into this new account.
30 days or your next salary payment, whichever comes first.
The interest rate for PayDay Loan is 6.5% and 7.5% for third party non-Access Bank customers. Other charges include a 1% management fee, and 0.3% credit life insurance, which are taken upfront.
The maximum amount (i.e. eligible amount) you can get is 75% of your monthly salary, less any active loans at the Bank subject to ₦500,000 disbursement cap. Your eligibility is displayed when you request for the loan.
Your eligibility will be affected by any of the following:
  1. If you have any outstanding loan(s) in Access Bank or other banks.
  2. If you apply using a phone number that is not linked to your BVN.
  3. If there is no evidence that you received salary payment in the previous month.
  4. If you have taken previous digital loans and exceeded your eligible amount.
  5. If you have an existing loan and the monthly repayment is higher than your eligible amount.
Where you have existing loans, the monthly repayment(s) will be used to calculate your eligible amount. Your eligible amount will therefore be 75% of your monthly salary, less any monthly repayment(s). If the monthly repayment is higher than your eligible amount, you will not be able to take a PayDay Loan.
Once your loan request is successful, your Access Bank account is credited instantly. However, it may take up to 24 hours to process before disbursement into your account. In such an event, we will notify you of any delays.

Click    here for Terms & Conditions.

Click   here to read the Key fact statement for this loan.