Personal Loans

Access Bank I claimed it

Personal Banking | Loans | Personal Loans

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ioumoney online loan guide

Personal Loan

A salary administration product that takes care of the financial needs of employees who domicile their salaries with Access bank.

Features

  • Flexibility to meet varied personal needs
  • Loan amount up to 75% of net annual salary (for applicants with terminal benefit)
  • Loan amount up to 50% of net annual salary (for applicants without terminal benefit)
  • Up to 36 months tenor
  • Credit life insurance


Requirements

  • Completed Application Form
  • Completed Employee Status Inquiry/Employer’s Confirmation Form
  • Evidence of Confirmation (Letter of Confirmation, Last promotion letter etc.)
  • Copy of Employment ID and valid means of identification
  • BVN
  • Credit checks
  • Letter of Lien/Set off

Advance for School Fees

Our Advance for School Fees scheme is designed to provide parents/guardians with short–term financing to cover tuition fees for their children/wards, as well for financing of undergraduate study, postgraduate study and professional examinations.

Features

  • It ensures that children’s education is not interrupted due to unforeseen circumstances that parents may experience.
  • Loan amount of up to N5million.
  • Refinancing option available.
  • Remittance services available.

Requirements

  • Completed Application Form.
  • Admission Letter.
  • Tuition Advice.
  • Letter of domiciliation of salary account with Access Bank.
  • Copy of Employment ID and valid means of identification.
  • BVN.
  • Credit checks.

PayDay Loan

This fast and convenient product is a novel introduction in the industry and provides employees with quick access to funds

Features

  • 24/7 service which does not require visits to the bank and application is done conveniently via *901*11# or www.mypayday.ng
  • No documentation required
  • No collateral required
  • Up to thirty one (31) days tenor

Salary Advance

Our salary advance gives you access to 50% of your net monthly salary for a maximum period of 3 months.

Vehicle Finance

A veritable platform for customers to acquire new vehicles in a financially convenient manner.

Features

  • Open to salaried income persons, SMEs and Corporates
  • Equity contribution as low as 10% of invoice value
  • Competitive pricing
  • Up to 48 months tenor
  • Wide variety of vendors to choose from

General Requirements

  • Completed Vehicle Lease Application Form
  • Pro forma invoice from any of the Bank’s approved vendors
  • Credit Checks
  • Blank transfer of ownership Form

Additional requirements for Salaried income persons

  • Letter of introduction
  • Employee Status Inquiry/Employer Confirmation & Undertaking
  • Recent six (6) months pay slip/salary bank statement

Additional requirements SMEs and Corporates

  • Company profile
  • Recent management/audited accounts
  • Bank statement(s)
  • Personal Guarantee of a Director of the company supported by notarized statement of net worth
  • Board resolution (applicable to corporates only)

Home Loans

Our mortgage product is designed to provide financial support for the acquisition ready properties and properties under construction.

Features

  • Available to salary earners and business entrepreneurs
  • Available for properties in Lagos, Abuja, and Port Harcourt
  • Minimum of 30% equity contribution
  • Up to 10 years tenor
  • Asset protection & Credit life insurance

Requirements

  • Completed Mortgage Application Form
  • Employee Status Inquiry/Employer’s Confirmation Form
  • Letter of offer from the property seller
  • Title document of the property
  • Valuation report from any of the Bank’s approved estate valuer
  • Search report
  • Credit checks

Maternal Health Service Support (MHSS)

Our Maternal Health Service Support is designed for women and to help families overcome financial challenges and support them in their quest for parenthood and healthcare. The financing options cover a wide range of procedures including IVF treatment, Child delivery, and Specialized operations/treatments (fibroid, arthritis, dental, eye surgeries etc.)

Features

  • Highly subsidized interest rate
  • Loan amount of up to 75% of net annual salary
  • No Fees
  • Credit life insurance

Requirements

  • Completed Application Form
  • Employee Status Inquiry/Employer’s Confirmation Form
  • Evidence of Confirmation (Letter of Confirmation, Last promotion letter etc.)
  • Copy of Employment ID and valid means of identification
  • Medical bill
  • BVN
  • Credit checks
IOUMoney Online Loans Guide [e-Book]How to Apply & Receive Your First Loan Into Your Bank Account
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