Recently, access bank launched digital lending portfolio, subsequently, a development led the platform into quick recognition and expansion enabling Nigerians to have 24/7 access to finance for unforeseen necessity or emergencies, a distinguished feature about the digital lending portfolio is: No collateral required, only a proper documentation will earn you the grant. Currently, the innovation has made access bank hit over 1 billion daily on the loan value that her customers are benefiting from.
Basically, the idea behind this innovation spans across ensuring the organization remains at the forefront in digital lending system, understanding the economy of the country and the challenges facing business owners, meanwhile, access bank hit of 1 billion on a daily basis is a result of the organisation’s focus and commitment to ease access of finance for digital technology promotion in the country.
Access bank has initiated loan application platforms to enable ease access to finance such as “QuickBucks, Payday Loan” also the USSD Based digital lending platform is an ease enabler introduced to conveniently enable Nigerians at every part of the states have access to finance, knowing fully well that no business or project will survive without finance especially on emergencies.
Head Digital Banking Business Development, Access Bank Plc. Chinedu Onuoha dropped a comment concerning the initiatives and its achievement within the short period: “Our objectives is to ensure that there is a digital loan product for every adult Nigerian who has proven means of livelihood because we know that every individual at one point or another requires some form of financial support. Our flagship digital loan product, payday loan, is tailored to help individuals meet their urgent cash needs. though the tenor for this loan is 30 days, we also have loans with tenors of 3 months and 6 months.”
the system is willing to assist every business attain its potential by providing the financial needs required.
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