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Access Bank PayDay Loan Application, Requirements And USSD Codes

Access Bank PayDay Loan Application – The Access Bank PayDay loan is “a salary based instant loan product for employees of organizations who meet our risk acceptance criteria”. This loan application program is open to all whose salary account is with Access Bank Nigeria PLC. For you to apply for a loan, you will need to verify your eligibility and then, they will tell you how much you are eligible to apply for.

One of the main benefits of the Access Bank PayDay loan is that there is no collateral. You can also obtain a loan without a guarantor. This makes it a very convenient means of accessing a loan to meet up with your needs. We will show you all you need to know about the Access Bank PayDay Loan Application.

Access Bank PayDay Loan Application – How To Apply

There are two  major ways of applying for a PayDay loan. Here is you can apply for it.

  1. You can request for a PayDay Loan by dialing *901*11# on your mobile phone. OR,
  2. Visit www.mypayday.ng and follow there guidelines.

Access Bank PayDay Loan FAQs

1. What Can Affect My Eligibility?

  1. Delinquent loan in Access Bank or other banks
  2. Incorrect salary account number or use of phone number that is not linked to the salary account
  3. Non-payment of salary into salary account in the previous month
  4. Negative or zero net eligibility based on repayment on other existing loans.
  5. You have collected existing PayDay loans up to your eligible amount already.

Also See: Diamond Bank School Fees Loan Application Form

2. What If I Have Other Existing Loans?

Monthly repayment on existing loans will be backed out of your eligibility amount to arrive at what you are currently eligible for. If the monthly repayment on an existing loan is more than your eligibility amount, you will not be eligible to take a PayDay loan.

Your loan would be automatically debited from your salary account on the day you get paid.
Loans are approved instantaneously and followed by disbursement within a minute of completing loan application.

Also See: How To Apply For Bank Of Industry (BoI) Loan – Requirements & Guidelines

5. How do I know my eligibility amount?

It is displayed when you dial *901*11# or initiate application on www.mypayday.ng


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