QuickBucks Loans from Access Bank: Everything You Need to Know

Explore everything about QuickBucks Loans from Access Bank, a digital platform offering instant credit options for both salaried and non-salaried individuals. Learn about loan types, requirements, interest rates, and how to get started.

Access Bank’s QuickBucks Loans platform is a game-changer in Nigeria’s lending market, offering fast and convenient credit solutions tailored to meet diverse financial needs. Whether you’re salaried or a business owner, QuickBucks provides a range of loans to help you achieve your goals without unnecessary delays or paperwork.

This detailed guide covers everything about QuickBucks, including loan types, eligibility requirements, interest rates, benefits, and step-by-step instructions on how to apply. By the end of this article, you’ll have all the information you need to make the most of QuickBucks.

QuickBucks Loans from Access Bank: Everything You Need to Know

Key Takeaways

• Wide Reach: Open to both Access Bank customers and non-customers.
• Flexibility: Various loan types with repayment periods tailored to your financial needs.
• Digital Convenience: Accessible through mobile apps, USSD, and web platforms.
• Instant Approval: Funds disbursed instantly upon successful application.
• No Hidden Fees: Transparent interest rates and management charges.

What Is QuickBucks from Access Bank?

QuickBucks is a cutting-edge digital loan platform created by Access Bank to provide Nigerians with easy access to funds. It caters to both salaried individuals and business owners, offering a variety of loan products that require minimal documentation and no collateral in most cases.

QuickBucks loans are processed entirely online, making the service highly convenient. Whether you need money for emergency expenses, business growth, or asset acquisition, QuickBucks ensures quick and secure access to funds through the following platforms:

1. Mobile Application: A user-friendly app available for Android and iOS.
2. USSD Code (*901#): Accessible even without an internet connection.
3. AccessMore App: Integrated into Access Bank’s robust mobile banking solution.

Types of QuickBucks Loans

QuickBucks provides a range of loan types tailored to meet the specific needs of salaried individuals and small business owners. Below is a detailed breakdown of each loan category:

1. Salaried Loans: Bullet Loans

Bullet loans are short-term financial solutions tailored for salaried individuals and NYSC members to address immediate cash flow needs.

1.1 Payday Loan

The Payday Loan is a flexible solution for salaried individuals, allowing them to borrow against their monthly salary.

• Qualifying Amount:
  • Up to 75% of monthly salary for in-house customers.
  • 50% of monthly salary for FG, NIP, Flexswitch, and third-party customers.
• Maximum Loan Amount: ₦1 million.
• Tenor: 30 days or until the next payday, whichever comes first.
• Interest Rate:
  • 12% for in-house customers.
  • 13% for third-party accounts.
• Other Fees:
  • 1% management fee (deducted upfront).
  • 0.3% Credit Life Insurance (CLI).

1.2 NYSC Loan

Specifically for National Youth Service Corps (NYSC) members, this loan offers quick financial relief during the service year.

• Qualifying Amount: 50% of monthly allowance.
• Maximum Loan Amount: ₦20,000.
• Tenor: 30 days or until the next allowance payment, whichever comes first.
• Interest Rate: 6%.
• Other Fees:
  • 1% management fee (deducted upfront).
  • 0.15% Credit Life Insurance (CLI).

Eligibility Requirements for Salaried Loans: Bullet Loans

1. Evidence of at least two salary payments in the past three months via approved payment platforms.
2. Minimum three-month banking relationship with Access Bank.
3. NYSC allowance account required for NYSC loans.
4. No documentation or collateral required.
5. Accessible via QuickBucks, AccessMore App, or USSD (*901#).

2. Salaried Loans: Multi-Tenored Loans

These loans are designed for individuals seeking medium to long-term financing with flexible repayment options.

2.1 Payday Loan

This loan type provides short-term funding against a full month’s salary.

• Qualifying Amount: 100% of monthly salary.
• Maximum Loan Amount: ₦3 million.
• Tenor: Up to three months.
• Interest Rate: 11% monthly on a reducing balance.
• Other Fees:
  • 1% management fee (deducted upfront).
  • 0.5% Credit Life Insurance (CLI).

2.2 Salary Advance

This option offers higher credit limits for salaried individuals to meet more substantial financial needs.

• Qualifying Amount: 200% of monthly salary.
• Maximum Loan Amount: ₦5 million.
• Tenor: Up to six months.
• Interest Rate: 10% monthly on a reducing balance.
• Other Fees:
  • 1% management fee (deducted upfront).
  • 0.7% Credit Life Insurance (CLI).

2.3 Small Ticket Personal Loan

This loan is ideal for individuals requiring longer repayment terms and higher loan amounts.

• Qualifying Amount: 400% of monthly salary.
• Maximum Loan Amount: ₦10 million.
• Tenor: Up to nine months.
• Interest Rate: 9% monthly on a reducing balance.
• Other Fees:
  • 1% management fee (deducted upfront).
  • 1% Credit Life Insurance (CLI).

Eligibility Requirements for Multi-Tenored Loans

1. Evidence of salary payments via approved platforms (e.g., NIP, Flexswitch).
2. Two salary payments over three months for Payday Loan eligibility.
3. Four salary payments over six months for multi-tenored loans.
4. Minimum six-month banking relationship with Access Bank.
5. No documentation or collateral required.
6. Accessible via QuickBucks, AccessMore App, or USSD (*901#).

3. Non-Salaried Loans

These loan options are specifically designed for entrepreneurs and small business owners who may not have regular salaried income but require credit for business expansion or working capital.

3.1 Lending Against Turnover (LAT)

This loan allows customers to borrow against their account turnover, offering flexibility for businesses with variable cash flow.

• Qualifying Amount: 20% of the harmonic mean turnover.
• Maximum Loan Amount: ₦300,000.
• Tenor: Up to three months.
• Interest Rate: 13.99% monthly on a reducing balance.
• Other Fees:
  • 1% management fee (deducted upfront).

3.2 Instant Business Loan

The Instant Business Loan provides quick access to larger amounts for small and medium-sized enterprises (SMEs).

• Qualifying Amount: Up to ₦10 million.
• Maximum Loan Amount: ₦10 million.
• Tenor: Three to six months.
• Interest Rate: 7.5% monthly on a reducing balance.
• Other Fees:
  • 1% management fee.
  • Optional 1% advisory fee.
  • 0.5% Credit Life Insurance (CLI).
  • 0.4% Fire & Burglary Insurance.

Eligibility Requirements for Non-Salaried Loans

1. Minimum six-month banking relationship with Access Bank.
2. Account turnover history must meet the harmonic mean standard.
3. Average monthly turnover of at least ₦500,000.
4. Business must be registered and operational for at least one year.
5. Documentation required for higher loan amounts.
6. Accessible via QuickBucks, AccessMore App, or USSD (*901#).

Features of QuickBucks Loans

1. Ease of Access

QuickBucks loans are accessible on multiple platforms, including:

• QuickBucks Loans USSD Code (*901#)
• QuickBucks Mobile App
• AccessMore App

2. Instant Credit

Once your loan application is approved, funds are disbursed instantly, eliminating delays often associated with traditional loan processes.

3. Flexible Repayment Plans

QuickBucks offers various repayment options tailored to your financial circumstances, ensuring you can pay back loans comfortably.

4. No Collateral or Documentation

Most QuickBucks loans do not require collateral or extensive paperwork, making them highly accessible.

How to Apply for QuickBucks Loans from Access Bank Plc.

Step-by-Step Process

1. Download the App: Visit the Google Play Store or Apple App Store to download the QuickBucks app.
2. Sign Up: Use your BVN-linked phone number and email address to register.
3. Account Verification: An OTP will be sent to your phone for verification.
4. Complete Your Profile: Update your location, bank account details, and salary or turnover information.
5. Apply for a Loan: Select the loan type, input the required amount, and submit your application.

Benefits of Using QuickBucks

1. Convenience: Apply for loans from anywhere, anytime.
2. Transparency: No hidden charges; all fees and interest rates are disclosed upfront.
3. Speed: Instant loan disbursement upon approval.
4. Wide Loan Options: Catered to both salaried individuals and businesses.
5. Flexibility: Choose repayment terms that suit your financial plans.

Conclusion

QuickBucks by Access Bank is revolutionizing the way Nigerians access credit by providing fast, flexible, and secure loan options. From emergency payday loans to business capital and asset financing, QuickBucks ensures that individuals and businesses can meet their financial obligations without stress.

Take advantage of this platform by downloading the QuickBucks app or dialing *901# to get started today. With minimal requirements and instant disbursement, QuickBucks is the ideal financial partner for your needs.

FAQs About the QuickBucks Loans from Access Bank.

1. What makes QuickBucks different from other loan platforms?
QuickBucks offers instant loan approvals, multiple access channels, and a variety of loan options for both salaried and non-salaried individuals.

2. Are QuickBucks loans secured?
Most QuickBucks loans do not require collateral, making them accessible to a wider audience.

3. Can I access QuickBucks loans without a smartphone?
Yes, you can apply using the USSD code *901#, which works on any mobile phone.

4. What is the repayment process for QuickBucks loans?
Repayments are automated through deductions from your account on the due date.

5. How can I contact Access Bank for support?
You can reach Access Bank’s customer service by calling 07003000000 or visiting the nearest branch.