Customers and non customers of Access Bank have been offered a unique platform that gives them access to loans against their next salary payment.
The solution known as ‘Payday Advance’ from Access Bank, was developed in collaboration with Remita.
According to a statement, it does not require any collateral or guarantor, and enables customers to obtain a loan instantly without going to the bank.
In this regard, they are able to meet their urgent financial needs before payday.
Commenting on the initiative, the Executive Director, Personal Banking, Access Bank, Victor Etuokwu said: “this offering is unique given that the beneficiaries do not have to be existing customers of Access Bank but hardworking salary earners who will now be able to obtain instant loans without a guarantor or stress.”