Access Bank PayDay Loan Review
VerifiedCBN LicensedPayday loans from Africa's largest bank by customers
₦10,000 - ₦3,000,000
Loan Amount
2-4.5%
Monthly Interest
30-180 days
Repayment Term
Instant
Approval Time
Pros & Cons
Pros
- ✓Low interest rates (2-4.5%)
- ✓Large bank with nationwide presence
- ✓High loan amounts
- ✓Instant disbursement
- ✓Multiple loan products
- ✓Salary deduction option
Cons
- ✗Must be Access Bank customer
- ✗Primarily for salary earners
- ✗Loan tied to salary flow
- ✗Branch visits needed for some products
How to Apply for Access Bank PayDay Loan Loan
- 1
Open Access Bank mobile app
- 2
Navigate to Loans section
- 3
Select PayDay Loan
- 4
View eligible amount based on salary
- 5
Choose amount and tenure
- 6
Accept terms and receive funds
User Reviews
Bukola F.Verified
Lagos
January 2025
Access Bank payday loan is my go-to. 2% interest is amazing compared to loan apps charging 15%+.
Emmanuel K.Verified
Port Harcourt
December 2024
Reliable bank loans. Process is straightforward if you receive salary with them.
Mariam S.Verified
Abuja
November 2024
Good rates and service. App has improved a lot. Loan approval is instant.
Frequently Asked Questions
What is the maximum Access Bank PayDay loan?
Access Bank PayDay loans can go up to ₦3 million depending on your salary and banking history.
How is Access Bank loan repaid?
Loan repayments are automatically deducted from your salary when it hits your account.
Can non-salary earners get Access Bank loans?
Access Bank has various loan products. PayDay is for salary earners, but other products exist for SMEs and businesses.
Quick Info
- Founded
- 1989
- Headquarters
- Lagos, Nigeria
- CBN Licensed
- Yes
- Disbursement
- Instant
- Last Updated
- 2025-01-19
Requirements
- •Active Access Bank salary account
- •Minimum 3 months salary history
- •BVN linked to account
- •No outstanding loans in default
- •Valid employment