What is the USSD code to borrow Money In Nigeria? Getting a loan usually includes the operation of an account at a bank, going to the bank, seeing your bank officer or the loan agent of the bank, taking a loan request and completing it, and pending the approval of your loan. This is a lot of stress, especially now that you can easily use a USSD code to borrow money in Nigeria from your favorite loan platform.
Now, with so many codes, it can be easier to get your loans in a few minutes. However, we strongly advise you not to rush into a decision without comparing loan offers from different lenders before taking out a loan line. In this article, we discuss what the USSD platform is and how you can use it to gain access to a quick loan in Nigeria.
Table of Contents
What is USSD?
USSD is an acronym that means unstructured additional service data. It is also known as a fast code.
As the name suggests, they are codes that are used to access options via your mobile telecommunications network provider. USSD can be used for various returns, mobile money, content, and information, or to offer network configuration services. In this case, we consider it to use USSD in the banking sector.
What is USSD banking?
The USSD Banking is a type of bank with which you can do financial transactions from your phone by using short or fast codes. It just requires a mobile network; No internet connection is not required. You can perform almost any form of financial transaction via USSD Banking; To transfer or purchase of a recharge card. The most important thing is that you can use USSD codes for loans.
How To Register Loans Using USSD Codes
- The Steps To Request A USSD Loan Are Simple. You Just Need:
- Know Which Loan Provider You Borrow From.
- Receive The Functional USSD Code
- Meet All Specified Requirements
- Choose The Code
- Follow The Prompt
- Get Your Loan
USSD code for loans in Nigeria
What is the USSD code to borrow money in Nigeria? To request a USSD loan, simply enter the code on your phone and follow the message that appears. Here is the list of USSD codes to borrow money in Nigeria:
Requirements For Loans Using A USSD Code
As simple as USSD loans are, as well as the requirements. Of course, you have to operate an account with most banks to access your loans via USSD.
However, you do not need an account for other direct loan providers. In addition, you must also provide your full name, bank control number, account and address details, and other information specified by the loan provider. Here is the list of USSD codes to borrow money in Nigeria:
USSD Codes To Borrow Money In Nigeria
- *572*6# – Accion Microfinance Bank
- *389*755# – AB Microfinance Bank –
- *901*11# – Access Bank Payday Loan –
- *561# – Airtel Quick Cash –
- *903# – Aledin Nano
- *1303# – Carbon Loan
- *326# – Ecobank Xpress
- *561# – Etisalat
- *322*2# – Fairmoney Loan
- *329# – FCMB
- *894*11# (*894#0) – First Bank First Advance
- *322*1*04225701*The Amount# – Glo Cash
- *737*51*51# – (QuickCredit) GTBank Soft Loan
- *322# – Interswitch
- *561# – Kwikcash
- *561# – Migo Loan
- *606*4# – MTN Cash
- *540# – Trader Moni
- *242# – Paga
- *569# – Payattitude
- *1303# – Paylater USSD Code
- *322# – Quickteller Loan (Airtel, MTN & 9mobile)
- *805# – Quickteller Glo Users
- *919# – UBA Loan Code
- *7799# – Unity Bank Loan Code
- *966# – Zenith Bank Loan
FAQ – USSD Codes To Borrow Money In Nigeria
The most common questions about USSD codes for Nigeria Loans are:
What Is The Code To Request For Loan Money Online?
There is no solution that fits all codes to borrow money online. This is because the loans are from different creditors and every lender has his exclusive code. So all you have to do is find the code of your creditor and use it.
What Happens If I Couldn’t Repay At The Right Time?
The exact fine that is still unable to pay at the right time depends on your contract. In general, fines are explained under loan conditions and are announced when there is a standard. Most creditors increase the percentage of interest or selling guarantees.
Conclusion
The use of USSD codes to access loans is perfect for when you need money quickly or want to prevent strenuous physical means to obtain a loan. They require very little and you should receive your loan if you meet all the requirements within a few minutes.