Access Bank has revamped its digital loan platform, QuickBucks, to boost consumer lending. A statement from the bank on Monday said that since introducing its first digital PayDay loan in 2017, Access Bank claims to have issued 18 million digital loans amounting to over N740 billion.
It noted that with the revamp of the platform, customers could access loans for businesses, vehicle financing, and school fee payments, among others.
Conversely to its previous structure of providing digital loans to salary earners only with a 30-day repayment term with the revamped QuickBucks, salary accounts, self-employed individuals, active account holders, and business and trader account holders can access loan offers with up to 12 months of repayment time.
At the relaunch event, Access Bank's Group Head of Consumer Banking, Njideka Esomeju, said, "Many Nigerians are facing financial challenges due to the country's economic situation. At Access Bank, our goal is to enable every Nigerian to achieve financial freedom, which is why we introduced digital lending solutions.
Esomeju also noted that QuickBucks loans have improved significantly, saying, "As a responsible lender, we make sure that our customers do not get into debt trouble, which is why we cap our loans at a certain percentage of salary or account transactions." She said customers must also have suitable credit records across all financial institutions to be eligible for loans.
As an existing Access Bank account holder, to get a QuickBucks Loan, dial *901# and choose QuickBucks Loans on USSD; select 'Loans' on the AccessMore app for smartphone users; or go to the QuickBucks platform on the web or app, available on the Google Play store or Apple App Store. You can also check the Access Bank website for more details on how to get a QuickBucks Loan.
