By Ajibola Adedoye
Access Bank has granted 18 million digital loans worth N740 billion since the launch of its first
digital loan platform QuickBucks in 2017 aimed at strengthening financial inclusion.
The Group Head, Consumer Banking, Njideka Esomeju, bared this at the media symposium of the revamp of Quick Bucks, Access Bank digital loan platform, on Tuesday in Lagos.
Esomeju said the digital lending solution was introduced by the bank to enable every Nigerian to achieve financial freedom.
“Numerous Nigerians are facing fiscal challenges due to the profitable situation in the country.
Also Read
” At Access Bank, our goal is to enable every Nigerian to achieve fiscal freedom, which is why we introduced digital lending solutions.
“ Since 2017, when we issued our first digital PayDay loan, we have granted 18 million digital loans worth over N740 billion, where customers can access up to N10 million incontinently,” she said.
She added that the bank had revamped the digital loan platform ‘QuickBucks’ to meet the requirements of its retail customers to boost lending.
Esomeju said that guests can access the digital loans for businesses, vehicle financing and settling of school fees.
According to her, QuickBucks loans allow customers to get that support easily.
She said the loan can be accessed through the QuickBucks USSD code, Access More app for smartphone druggies, or on QuickBucks platform on web or app.
Esomeju said that QuickBuck loans would launch a new version of the platform with features similar as improved credit scoring algorithms; more loan options, including a digital asset and vehicle financing digital loans; and strategic collaborations to improve its services and satisfy changing customer requirements.
The Unit Head, Digital lending, Access Bank, Efe Obaigbena, said that QuickBucks loans are designed to meet the bank’s customers’ critical fiscal requirements.
” Since its launch in 2017, QuickBucks loans have bettered significantly, and as a responsible lender, we make sure that our customers don’t get into debt trouble, which is why we limit our loans at a certain chance of payment or account deals.
” Customers must also have good credit records across all fiscal institutions to be eligible for our loans,” Obaigbena said.
She noted that the interest rate charged on the loan was the smallest in the assiduity between five per cent and 15 per cent depending on the customer’s loan type.
“ QuickBucks loans are designed to be easy to access, where customers with low knowledge can get our digital loans through USSD, helping them join the fiscal system by offering them digital loans indeed if they have different situations of fiscal knowledge,” she said.
Also speaking, Team Lead, Digital Lending, Access Bank, Mr Oladisun Dawodu, said the bank had espoused the FinTech culture as a way to stand out in the request.
” Access Bank foresees unborn developments in FinTech similar as AI- grounded lending results, blockchain technology for safe deals, and near integration with fiscal ecosystems.
“ Access Bank has prepared QuickBucks loans to respond to these developments by putting plutocrat into technology advancements and strategic conduct to keep its competitive advantage in the request,” he said.
He said that QuickBucks loans primarily targets the working population (salary earners and self- employed customers) in Nigeria, which constitutes 26.4 per cent of the crowd, to give them with accessible and flexible digital loan results.
” QuickBucks Loans are designed to fit different stoner preferences by having flexible prepayment plans, colorful loan options, and customized client gests through the penetrating channels,” Dawodu said.
For your Press Conferences/ Adverts/Media Consultancy/Support
Contact the Editor via WhatsApp +2349097600508/+2348032339384 or Email: news@dailyinsight.com.ng & shinaayo110@gmail.com