Getting a loan in Nigeria is inevitable, whether it’s from a loved one or an institution; almost everyone probably has a story where they had to obtain a loan.
The Access bank loan is designed to finance that need which made you request for it in the first place.
Now you can compare interest rates from different lenders with our loan simulator and get the best deal. Making an informed loan decision requires comparing different loan offers before making commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing. Try it today
To make things easier and also ensure you go with the best decision for your needs, you can make use of this platform to compare loans from different lenders in matter of minutes. This is the best way to weigh different pros and cons and make an informed decision accordingly.
When you receive a loan from Access bank, they will duly inform you on how to repay the loan.
For most of the products, you will pay monthly installments after about 30days of receipt. This amount is automatically deducted from your account every month, to save you from the stress of visiting your banks.
This is not just peculiar to Acess bank. It is the same method adopted for Zenith Bank loan, and so on.
Frequently asked questions on access bank loans include:
After your loan is approved, you usually get imbursed within 24 hours. However, this duration could be more depending on the bank or lender involved. Also, you might need to provide certain documents for some banks, before you’re able to withdraw the funds.
Loanspotafrica still holds one of the quickest disbursements when it comes to loans, as you can obtain your funds minutes after the loan approval.
Loan application fee is the percentage lenders tend to charge during the process. It usually varies from 0.1% to 5% or more. In recent times, most lenders tend not to charge loan application fees anymore in a bid to attract more customers. Platforms like loanspotafrica do not charge any loan application fees at all and offer some of the best loan services today.
The exact penalty that follows being unable to pay back at the right time depends on your agreement. Usually, the penalties are stated in the loan terms and conditions and are enacted once there’s a default. Most lenders either increase the interest percentage or sell off collaterals. Access bank automatically deducts the due sum from your account on the due date.
On the bright side, loanspotafrica do not require collaterals and don’t take brute force in enforcing repayment after the deadline passes. This is why they run a flexible repayment structure that ensures you almost never miss the deadline.
With a variety of loan products to choose from, Access Bank has simplified getting access to quick loans in Nigeria. To make it easier for you, they have different channels with which you can conveniently access their loans and make more enquiries. Some of their channels include their Access Mobile App, Internet Banking, WhatsApp Banking, and QuickBucks App.
Also, you can walk into any Access bank branch to access the Development Bank Loan.
Now you can compare interest rates between multiple lenders with our loan comparison tool. Interest paid on loans can be overwhelming in most cases. However, no matter how much you borrow, you shouldn’t have to struggle with unfavorable interest rates from one lender. With so many lenders available, you can choose what you want and apply for multiple loans to get the best offer. Try our loan comparison tool today