Access Bank Launches Quick Code for Payday Loan

Access Bank Plc has launched a special USSD code for quick and instant access to loans for its customers.

The quick code, *901* 11#, is a strategic tool for the recently-launched PayDay Loan product by the bank, according to a statement by the lender .

Unveiled in partnership with Remita, the PayDay Loan requires no collateral or guarantor , and it enables customers to obtain loans instantly without visiting the bank.

The product enables customers to meet their urgent financial needs before receiving their salaries.

The bank’ s Executive Director , Personal Banking, Victor Etuokwu , was quoted as saying , “ Acquiring loans in Nigeria has always been known to be limiting – either due to access or collateral issues , including the duration of the approval process .

“ With our obligations to our customers especially during difficult economic periods , we are emphasising Access Bank ’ s position in offering lifestyle products and services that meet their financial needs . ”

The lender added , “ Access Bank’ s PayDay Loan product offers customers and non -customers easy access to a unique platform that gives them access to loans against their next salary payment , and enables customers to obtain a loan instantly by simply dialling a USSD Code *901* 11# on their mobile phones . ”

According to the statement , the payday loan can also be obtained to fulfil any financial and personal requirement to enhance their quality of life.

“ The product is unique as recipients only have to be diligent salary earners who will now be able to obtain instant loans without stress or involving a guarantor , ” it added

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