Aiming to provide quicker and instant access to loans for customers, Access Bank Plc has launched a special USSD code *901*11#, a strategic tool for its recently-launched Pay- Day Loan product.
In a statement, the lender said that the PayDay Loan, which was unveiled in partnership with Remita, requires no collateral or guarantor, enabling customers to obtain loans instantly without visiting the bank – thereby enabling customers to meet their urgent financial needs before receiving their salaries. Commenting on the product, the Bank’s Executive Director, Personal Banking, Victor Etuokwu said: “Acquiring loans in Nigeria has always been known to be limiting – either due to access, collateral issues, including the duration of the approval process. With our obligations to our customers especially during difficult economic periods, we are emphasizing Access Bank’s position in offering lifestyle products and services that meets their financial needs.”
According to the statement: “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 dialing a USSD Code 90111# on their mobile phones. The Pay- Day loan can also be obtained to fulfill any financial and personal requirement to enhance their quality of life.”