Access Bank Plc has launched a
special USSD code *901*11#, a strategic tool for its recently-launched PayDay
loan product by the bank.
The bank said the initiative was
introduced to provide quicker and instant access to loans for its customers.
Unveiled in partnership with
Remita, PayDay Loan 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.
In a statement released by the
bank yesterday, its 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 emphasising Access Bank’s position in offering lifestyle
products and services that meets their financial needs.”
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 *901*11# on their mobile
phones. The PayDay loan can also be obtained to fulfill any financial and
personal requirement to enhance their quality of life.
The product is unique as
recipients only must be diligent salary earners who will now be able to obtain
instant loans without stress or involving a guarantor.
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