Access Bank Introduces PayDay Loan on USSD code *901*11#
With the intent to provide quicker and instant access to loans for employees, AccessBank Plc has launched PayDay Loan, Nigeria’s first fully digital lending service.
PayDay Loan can be accessed on USSD code *901*11# and across over 2,000
Access Bank ATMs pan Nigeria.
PayDay Loan requires no collateral or guarantor, enabling Nigerian employees obtain
loans instantly without visiting the bank – helping employees meet their urgent financial
needs all round the clock and at any time of the month.
In a statement released by the Bank, the Executive Director, Personal Banking, Victor
Etuokwu said, “Accessing loans in Nigeria especially for individuals has always been
tedious due to issues around collateral requirements and lengthy approval
processes. Leveraging our capacity as leader in digital innovation, we are bridging the
gap in the provision of credits to Nigerian employees. PayDay Loan is the first of many
interventions we shall be launching into the market in the coming days. We are
maintaining a strong focus on employees who are the engine of growth of the
economy. Our aim is to sustain our drive in developing digital products that will enable
employees achieve the quality of life they deserve.”
PayDay Loan is available to salary earning Nigerians through digital platforms that offer
instant loan eligibility based on robust credit algorithms. Loan disbursals is within
seconds from the point of request. Customers can simply dial *901*11# or visit any of
the 2000+ Access Bank ATMs to get instant loans credited into their bank accounts
whenever they have need for cash. It is quick. It is easy. It is secure
