The microfinance sector in Nigeria is increasing in growth daily, giving millions of Nigerians easy access to financial services without the hassle of visiting traditional banks.
One of the key players in this industry is the Accion Microfinance Bank (MFB), which has been at the forefront of this change, supporting micro-entrepreneurs, small businesses, and low-income earners. As of 2025, the bank has continued to strengthen its digital services, making it easier than ever for users to use all their major services easily and apply for loans using both mobile apps and the USSD code, even in areas with limited internet access.
If you’re looking for a stress-free way to access quick loans from Accion MFB, this article will walk you through the USSD process. We also added detailed tips for first-time users, covered common issues, and gave answers to frequently asked questions.
Learn More About Accion Microfinance Bank
Accion Microfinance Bank Limited is a major player in fintech with good ratings from several users and was established in 2006. The Microfinance Bank began full operations in 2007 after being licensed by the Central Bank of Nigeria, and it has over 74 branches across 12 states. Accion has steadily expanded its reach, empowering SMEs and low-income earners.
In 2025, the bank launched the AccionMonie digital platform, offering users an app-based solution to access instant loans, make payments, and manage savings. This platform is highly supportive and user-friendly and ensures minimal paperwork, fast processing, and support for clients across both urban and underserved areas.
Here are some of Accion MFB’s recent achievements that reflect its commitment to financial inclusion:
• ₦5 Billion Commercial Paper Programme: in August 2025 Accion MFB Aimed at supporting needing MSMEs and enhancing liquidity, with a first ₦2 billion series which is been issued for immediate working capital support.
• Strong FY Financial Results: In 2024, Accion Microfinance bank posted ₦7.65 billion in gross earnings and ₦800 million PBT, which demonstrates an increase in growth in assets and loan portfolios.
• New Branch Opening in Ilorin: Despite having branches nationwide, Accion MFB works towards expanding access for customers and ensuring better service delivery for Kwara State users in June 2025.
• Top 10 MFB for Business Loans: As of September 2025, Accion is among the top 10 microfinance banks in Nigeria, showing how active and supportive they’ve been and recognized for fast approvals, low interest rates, and support for SMEs.
With these developments, Accion MFB continues to solidify its position as a go-to microfinance bank for loans and digital financial services.
What Accion MFB Offers Its Customers
They support big and small businesses, so whether you are a small business owner, a trader, or a low-income earner, Accion MFB provides several services that make banking seamless:
• Microloans: This gives access to quick personal or business loans to empower micro-entrepreneurs in Nigeria.
• Savings Products: This offer helps build your funds over time with flexible savings options.
• Digital Banking via AccionMonie App: The microfinance bank is not left behind, and they have a very good and user-friendly Android and iOS application that allows users to apply for loans, transfer funds, pay bills, and manage their accounts on the go.
• USSD Banking (*572#): Accion supports both users with Internet access and those with no Internet connection. You can check balances, apply for loans, transfer funds, or pay bills easily without using the Internet.
• Agent & Branch Network: They provide users access to physical branches for in-person support and specialized services.
The USSD code service complements the app by giving users offline access to critical banking functions, which ensures that even users in low-connectivity areas can have access to their Accion Microfinance Bank account easily and fast.
Step-by-Step: Apply for Loans Using Accion USSD
If you want to apply for a loan using your mobile phone without the app, here’s the exact process to follow, and you can drop comments for questions:
For Registered Users (Already Have an Account)
- Dial *572# from the phone number linked to your Accion account.
- From the main menu, select 5 = Loans.
- Choose the loan product available to you, such as Brighta Loan or MyOwn Loan.
- Enter the amount you wish to loan.
- Check and confirm acceptance of the rules that follow the loan and payment period and interest percentage.
- Confirm your Accion account number where the funds should be credited.
- Enter your USSD PIN to authorize the transaction.
- Wait for a confirmation on-screen and an SMS detailing approval or rejection.
For First-Time Users (New to USSD)
- Dial 572#.
- Choose 1 = Register when prompted.
- Enter your existing Accion account number (from the app or branch; random numbers will not work).
- Set your USSD PIN and confirm it by entering it twice.
- After the successful registration, a confirmation message will appear on-screen and via SMS.
- You can now access the full menu, including Loans, Transfers, and Balance options.
Common Issues & Fixes
Even though Accion USSD banking is reliable, users may occasionally run into problems. Here’s how to handle them:
• Banking Services Unavailable: This issue usually occurs during maintenance or network downtime. You should wait a few minutes and try again later.
• Incorrect PIN: Make sure you’re inputting the correct PIN; entering the wrong PIN multiple times will block transactions. Reset your PIN via the app or branch if you’re not able to do this with the USSD.
• Account Not Found: As a first-time user, you must have a valid Accion account via app or branch. Using a random number will fail, as the account number or another bank account number will return to a fail response screen.
• Invalid Code: There are many codes out there, and you shouldn’t make a mistake with the code. Make sure you are dialing *572# correctly.
Following these tips will ensure a smooth loan application experience on USSD.
Frequently Asked Questions (FAQs)
• What is the Accion USSD code to apply for a loan?
The official Accion MFB code is *572#. Select the Loans option from the list, follow other prompts, and enter your PIN to request funds.
• Can I apply for a loan without the internet?
Yes. The USSD service is fully functional on basic feature phones without mobile data.
• Is it safe to apply for a loan using USSD?
Yes. Transactions require your PIN, and the system is secured by Accion’s banking protocols.
• Do I need an Accion account before using USSD?
Yes. As a first-time user, you must have a valid account through the app or branch. USSD alone cannot create new accounts.
• What should I do if my USSD application fails?
Check the USSD code or input to make sure it’s the correct one, check your account number, ensure correct PIN entry, and retry after a few minutes. If you’re having this issue persistently, you can get it resolved via the app or by visiting a branch.
Conclusion
Accion Microfinance Bank has made it simpler for Nigerians to access several bank services and especially quick loans without stepping into a branch or needing constant internet access. The *572# USSD code allows registered clients to request loans instantly, providing a fast, secure, and convenient option for everyday financial needs.
By following the step-by-step guide we provided in detail in this article, any Accion customer, new or old, can apply for loans efficiently, track approvals, and manage funds safely.
Also, with the combined support of the AccionMonie app and USSD banking, financial empowerment has never been more accessible for small businesses and individual borrowers across Nigeria.
