Access Bank’s Small Ticket Personal Loan is tailored for Nigerians who want quick cash up to 400% of monthly salary, repayable in up to 12 months. The standout features include an interest rate of 9% (reducing balance), zero paperwork, 24/7 application via app or USSD, and no requirement for collateral. Once approved, you access up to ₦10,000,000, based on your salary—minimum required is ₦30,000. Processing fees include a 1% management fee and 1.2% credit life insurance, both taken upfront.

How to Apply: Step by Step

1. Ensure your account receives your salary (at least ₦30,000/month) and has been active for 6 months.
2. Dial *901*11# and follow the prompts, or use the QuickBucks app on Android or iOS.
3. Your eligible amount is displayed; confirm details to proceed.
4. Loan approval is instant, with funds credited right away.

Pros of Access Bank Small Ticket Personal Loan

This loan is accessible all day, every day, without visits to a bank branch. Application through mobile devices is seamless and intuitive.

It requires no collateral or paperwork, making it extremely convenient for salaried individuals. The transparent eligibility and instant disbursement add to its appeal.

Cons of Access Bank Small Ticket Personal Loan

The loan is only for individuals with active salary accounts in Access Bank for at least 6 months. Other bank salary accounts won’t qualify.

If you default longer than 30 days, a 1% penalty is applied. Also, existing loans or repayments can limit or prevent your eligibility.

Verdict

Access Bank’s Small Ticket Personal Loan stands out for its straightforward, digital application and speedy access to large loan amounts based on salary. It’s excellent for quick, short-term funding, especially if you’re already an Access Bank salary account holder. While some basic eligibility rules apply, the lack of collateral and paper documentation makes this a solid option for professionals seeking stress-free, responsible borrowing.