In Nigeria, mobile network operators (MNOs) provide various services that enable customers to borrow airtime, data, and even cash loans directly from their mobile phones. These services are popularly known as USSD codes, and they provide a quick and convenient way for customers to access credit facilities without visiting a bank or filling out any paperwork.
If you’re in Nigeria and you need to borrow a loan, here are some of the USSD codes you can use to access loan services from different mobile network operators:
- MTN Xtracash: MTN Xtracash allows eligible customers to borrow cash loans ranging from N1,000 to N50,000. To access the service, dial *606# and select Xtracash from the menu options.
- Airtel Quick Credit: Airtel Quick Credit allows eligible customers to borrow cash loans of up to N100,000. To access the service, dial *561# and select Quick Credit from the menu options.
- 9mobile Morecredit: 9mobile Morecredit allows eligible customers to borrow airtime loans of up to N50,000. To access the service, dial *665# and follow the on-screen prompts.
- Glo EasyCredit: Glo EasyCredit allows eligible customers to borrow airtime loans of up to N20,000. To access the service, dial 3226# and follow the on-screen prompts.
- Access Bank PayDay Loan: Access Bank PayDay Loan allows eligible customers to borrow cash loans of up to N500,000. To access the service, dial 90111# and follow the on-screen prompts.
- GTBank Quick Credit: GTBank Quick Credit allows eligible customers to borrow cash loans of up to N5,000,000. To access the service, dial 73751*51# and follow the on-screen prompts.
- Palmcredit: Palmcredit is a loan service provider that is accessible to all network subscribers in Nigeria. To access the service, simply download the Palmcredit app from the Google Play Store or Apple Store and follow the on-screen prompts.
Here is a complete list of all ussd codes for loans in Nigeria in 2022:
- AB Microfinance bank *389*755#
- Carbon Paylater USSD code *1303#
- Accion MFB *572*6#
- Airtel quick cash loan *561#
- Aledin nano *903#
- Kwik cash USSD code *561#
- Migo loan code *561#
- Mtn cash loan code *606*4#
- Paga loan code *242#
- Quick Teller (Mtn, Airtel, 9mobile) *322#
- Skye Bank Loan code *833#
- Access Bank: To borrow a loan from Access Bank, dial *901#, select option 2, and follow the prompts to apply for a loan.
- First Bank: To borrow a loan from First Bank, dial *894#, select option 2, and follow the prompts to apply for a loan.
- GTBank: To borrow a loan from GTBank, dial *737#, select option 6, and follow the prompts to apply for a loan.
- Zenith Bank: To borrow a loan from Zenith Bank, dial *966#, select option 6, and follow the prompts to apply for a loan.
- Sterling Bank: To borrow a loan from Sterling Bank, dial *822#, select option 2, and follow the prompts to apply for a loan.
- Fidelity Bank: To borrow a loan from Fidelity Bank, dial *770#, select option 1, and follow the prompts to apply for a loan.
- Union Bank: To borrow a loan from Union Bank, dial *826#, select option 1, and follow the prompts to apply for a loan.
- Stanbic IBTC Bank: To borrow a loan from Stanbic IBTC Bank, dial *909#, select option 1, and follow the prompts to apply for a loan.
- Ecobank: To borrow a loan from Ecobank, dial *326#, select option 7, and follow the prompts to apply for a loan.
- Heritage Bank: To borrow a loan from Heritage Bank, dial *322#, select option 3, and follow the prompts to apply for a loan.
- Keystone Bank: To borrow a loan from Keystone Bank, dial *7111#, select option 1, and follow the prompts to apply for a loan.
- Wema Bank: To borrow a loan from Wema Bank, dial *945#, select option 3, and follow the prompts to apply for a loan.
What are the things you’ll need?
There are some basic things you need before applying for any online loan in Nigeria. Some of them as listed below
- Bvn
- 18 years old minimum
- Phone number and email
- Your legal name
- Income source
- Account number
You need to have those before applying so that your request can be granted.
Things you should know
Before you apply for loan in Nigeria, put the following things at the back of your mind
- Don’t borrow if you can’t pay back
- Always check interest rate
- Don’t send your login details to anyone including customer cares
- Using ussd codes to applu for loan might be the easiest way but sometimes you’ll need to download app for more
It is important to note that the loan amount, repayment terms, and interest rates may vary depending on the bank and the type of loan you are applying for. It is advisable to carefully read and understand the terms and conditions before applying for a loan.
In conclusion, USSD codes have made it easy and convenient for Nigerians to access loans from their banks. With just a few dial tones, you can apply for a loan and get access to the funds you need. However, it is important to use this service responsibly and ensure that you can repay the loan within the specified period to avoid any negative impact on your credit score.
