Access Bank Maternal Health Service support loan is designed to help women scale through one of the miracles of life. Starting a family is a great journey that brings immense happiness, hope, and dreams. However, the road to parenthood can be a challenging and unpredictable one. There are lots of couples that face financial constraints due to the high cost of fertility treatments and the need for multiple cycles. This can add emotional stress and put a significant burden on families.
It is therefore important to have a tailored solution that addresses these challenges and provides quality healthcare. Women, in particular, often face chronic health conditions and require support for their overall health and well-being at different stages of life. In response to the evolving needs of women’s health, Access Bank has expanded and rejuvenated its Maternal Health Service Support (MHSS) to cover fertility treatments, natal support, vital Paediatric care, and essential Cancer treatments.
Access Bank Maternal Health Service Support (MHSS) Loan
Maternal Health Service Support (MHSS) is a discounted health financing solution exclusively created to assist women and families with simple and convenient payment options for their health procedures. They provide healthcare services beyond childbirth, catering to various health needs such as Fibroid treatments, Dental & Optical surgeries, Orthopaedic, Bariatric (weight loss procedures), and more.
It is a partner you can depend on for various health journeys with empathy, compassion, and financial ease. MHSS’s commitment to your well-being has resulted in the birth of over 81 healthy babies, marking significant milestones in numerous families’ lives.
Features of MHSS Loan
Here are the features of this loan.
- There are no fees for the loan.
- You get a highly subsidized interest rate.
- There is a flexible repayment plan.
- You get up to 10 million Naira for health procedures.
- There is no collateral requirement for salary earners.
- You get access to our exclusive network of partner fertility clinics and other health service providers in Nigeria.
- There is flexible collateral for business owners.
Eligibility Criteria for MHSS Loan
The criteria needed to be eligible for this loan are outlined below. However, the eligibility criteria differ for salary earners and business owners.
Salary Earners
- Receipt of at least 1-month salary with the Bank
- The salary account of the applicant must be opened, and salaries domiciled with the Bank.
- 3 satisfactory credit checks
- Debt Service Ratio (DSR) must not exceed 33.3% of monthly income.
- Confirmed employment status evidenced with confirmation/promotion letter.
Business Owners
- Business must be duly registered, and in operation for at least 1 year evidenced by a 1-year bank statement.
- Business accounts must be opened and cashflows domiciled with the Bank for at least 30 days.
- 3 satisfactory credit checks.
- Their minimum annual business turnover should be eight (8) Million Naira
- They need to bring a credible guarantor with a net annual income/turnover of at least 400% of the loan amount.
Requirements for Application
To apply for this loan, you will need:
- Completed MHSS loan application form.
- Domiciliation of Salaries/ Business Proceeds.
- Executed Employee Status Inquiry/Employer’s Confirmation form.
- To provide a confirmation letter/ last promotion letter.
- A referral and medical bill from the Hospital.
- BVN
- To provide a copy of Employment ID and valid means of identification.
- Credit checks.
- Provision of credible guarantor (for business owners only)
How Do I Apply for The MHSS Loan?
If you want to apply for this loan, it is advised you visit your preferred health service provider to get a treatment plan/bill. (Access Bank under the Maternal Health Service Support also has partnerships with experienced medical experts/providers from which you can choose.) Nonetheless, if you already have a medical provider, the bank will still finance the procedure. Next, you need to confirm the loan amount accessible based on your income, meet the eligibility criteria, and provide all loan documents for processing. After this, you can then apply online at https://www.accessbankplc.com/personal/borrowing/mhss
Frequently Asked Questions
What Health Aspects Are Covered by MHSS?
MHSS financing covers local and international treatments for fertility, natal support (child delivery), pediatric care, fibroid treatments, dental and optical surgeries, orthopedic, bariatric (weight loss), cancer treatments, and other specialized aspects.
How Can I Access an MHSS Loan If I Do Not Have A Source of Income?
You can get a 3rd party sponsor, like a friend, relative, or colleague who meets the above eligibility criteria to apply on your behalf.
Is My Confidentiality Assured While Taking the MHSS Loan?
All the information exchanged under this loan will be handled with utmost confidentiality and will only be available to appropriate parties.
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