Access Bank Cash-Backed Loan, Instant Naira Without Breaking Your Fixed Deposit in Nigeria
Tap instant Naira with Access Bank’s Cash-Backed Loan while your fixed deposit keeps earning interest across Nigeria
Access Bank Cash-Backed Loan puts instant Naira in your hand without breaking your fixed deposit. For many Nigerians who keep money in fixed deposits, this product is a smart way to access funds quickly while your savings keep earning interest. It’s especially handy for emergency cash, school fees, or short-term business needs.
Designed with the Nigerian market in mind, the Cash-Backed Loan works through Access Bank’s digital channels so you don’t have to visit a branch. If you already have a fixed deposit with Access Bank, you can convert up to 85% of that value into a loan and still earn deposit interest.
Understanding Access Bank Cash-Backed Loan
Access Bank Cash-Backed Loan lets customers use their fixed deposit as collateral for an instant loan. The loan is disbursed in Naira to your Access Bank account, making it simple to access funds for immediate needs across Nigeria.
The product keeps your fixed deposit intact, so your savings continue to generate interest while you borrow. That dual benefit is why many Nigerians prefer this solution instead of breaking deposits and losing earned interest.
Key features and how it works
The Cash-Backed Loan is available instantly via USSD or the Access Bank app; dial *901*11*2# to start. Borrow up to 85% of your fixed deposit value with flexible repayment tenors up to 12 months and monthly repayments due every 30 days.
Multiple loans are allowed provided your eligible collateral remains sufficient. This flexibility means you can top up cash needs more than once without opening new accounts, which is very convenient for salary earners and small business owners.
Who should apply and eligibility
If you are an Access Bank fixed deposit holder in Nigeria and you need quick Naira liquidity without losing interest, this loan is for you. It suits workers, entrepreneurs, students and anyone with a fixed deposit who wants short-term access to cash.
Eligibility is straightforward: hold a qualifying fixed deposit with Access Bank and meet basic account verification. The loan amount is calculated against your deposit and capped at 85%, ensuring a conservative lending approach.
Costs, benefits and how to apply
Interest rates vary by tenor but are competitive for short-term loans; fees are typically transparent and disclosed during application. The major benefit remains: continue to earn interest on your fixed deposit while using it as collateral for instant Naira.
To apply, dial *901*11*2# on your phone or use the Access Bank mobile app. For tailored advice, visit any Access Bank branch or check their website; applying online is fast and convenient, so grab the cash without breaking your fixed deposit.