Access Bank’s Digital Loan Platform ‘QuickBucks’ Disburses N740bn in 7 Years

Access Bank has revamped its digital loan platform, QuickBucks, to enhance lending services for Nigerian consumers.

The platform offers various loan options, including business loans, vehicle financing, and school fees payment.

Since its introduction in 2017, QuickBucks has disbursed over N740 billion in digital loans to 18 million customers, with loan amounts ranging from N10,000 to N10 million.

Njideka Esomeju, Group Head of Consumer Banking, stated that the goal of QuickBucks is to enable Nigerians to achieve financial freedom, especially during economic challenges.

The platform offers flexible repayment terms, with loan durations ranging from 30 days to 12 months, depending on the customer’s account type and credit history.

Esomeju highlighted the accessibility of QuickBucks Loans, which can be obtained through various channels, including USSD code, the Access More app, or the QuickBucks web platform.

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She emphasized that the platform has evolved to cater to diverse customer needs, including salary earners, self-employed individuals, and business owners.

Efe Obaigbena, Unit Head of Digital Lending, emphasized the purpose of QuickBucks Loans, which is to address customers’ urgent financial needs.

He noted that the platform has undergone significant enhancements since its launch, including the introduction of longer repayment terms and lower interest rates.

Regarding interest rates, Esomeju stated that QuickBucks Loans offer competitive rates, ranging from 5% to 15%, depending on the loan type.

She added that the platform is designed for ease of access, with features such as automated repayment and customer support.

Oladisun Dawodu, Team Lead of Digital Lending, discussed Access Bank’s commitment to integrating FinTech innovations to stay competitive in the market.

He highlighted the bank’s investment in technology and strategic actions to ensure QuickBucks Loans remain responsive to future advancements.

Dawodu emphasized the attractiveness of QuickBucks Loans, citing their automated features, which enable customers to easily obtain and repay loans.

He noted that the platform’s customer support team provides reminders and notifications to ensure timely repayment.

Overall, Access Bank’s QuickBucks platform has demonstrated significant growth and innovation since its inception, with a focus on providing accessible and affordable lending solutions to Nigerian consumers .