Access Bank Personal Loan

Access Bank Personal Loan: Empower Your Employees

Employees are the driving force of any organization. Access Bank’s Personal Loan empowers your employees to achieve financial independence with a flexible salary-based loan product tailored to meet individual needs.

Loan Features:

• Flexible Loan Options: Loan amounts can reach up to 75% of the net annual salary for applicants with terminal benefits, or up to 50% for those without terminal benefits.
• Tenure: Borrowers can enjoy repayment terms of up to 36 months.
• Credit Life Insurance: Comprehensive insurance coverage is included to secure the loan.

Required Documents:

• Completed Application Form.
• Employee Status Inquiry/Employer’s Confirmation Form.
• Proof of confirmation of employment (e.g., Confirmation Letter or most recent promotion letter).
• Employment ID and a valid means of identification.
• BVN (Bank Verification Number).
• Credit check verification.
• Letter of Lien/Set Off.

Application Terms and Conditions:

1. Discretionary Approval: Approval of your loan application is at Access Bank’s discretion. If your application is declined, no reasons are obligated to be provided.
2. Age Requirement: Applicants must be at least 21 years of age.
3. Truthful Information: All information provided must be accurate, as it will serve as the foundation for the loan approval.
4. Authorization: By applying, you authorize Access Bank to conduct relevant inquiries from your employer and other sources, including a credit check.
5. Revisions and Withdrawal: Access Bank reserves the right to revise, withdraw, or cancel any loan offer before the facility is finalized.
6. Interest Rates: You acknowledge that interest rates and monthly repayments may change over time for any variable rate facility granted.
7. Information Disclosure: You consent to the bank sharing details of your account with guarantors for the duration of their liability.
8. Binding Agreement: Upon signing the application and accepting the facility offer, you agree to the terms outlined in Access Bank’s offer letter, including the most recent offer’s terms if multiple offers are presented.
9. Right of Set-Off: Access Bank has the right to offset any outstanding amounts against any sums owed, and to consolidate all accounts held with the bank, including converting currencies as necessary.
10. Completion and Review: The applicant must personally complete the application or review the answers if completed by another party, fully understanding the terms before signing.
11. Disclosure and Confidentiality: Access Bank may share your details with its insurers, auditors, and other service providers who are required to maintain confidentiality, or if required by law.
12. Notification of Changes: You must notify Access Bank immediately of any changes that may affect the application, as this could lead to amendments or withdrawal of the loan offer.

This salary-based loan option from Access Bank provides your employees with flexible financial solutions to meet their personal needs, backed by a straightforward application process and secure terms.

For more details on Access Bank’s personal loan offerings, feel free to visit any Access Bank branch or contact our customer service team.