USSD Code for Loans in Nigeria: Ever wondered how to quickly get a loan without even logging into an app?
Imagine the ease of tapping a few buttons on your phone and voila, funds delivered to your account!
That’s the beauty of the USSD code for loans in Nigeria.
Stick around as we unveil a comprehensive list and guide on how to navigate how to get a loan in minutes using loan USSD codes in Nigeria.
What is a USSD Code?
Unstructured Supplementary Service Data, commonly known as USSD, has transformed the way Nigerians conduct banking transactions.
This quick code system requires no internet, making it accessible for everyone with a phone, even the most basic ones.
But how did USSD banking become a major game-changer in Nigeria’s financial ecosystem, especially in the lending landscape?
USSD allows for instant communication with your bank through specific codes. It’s as if you’ve got the bank right in your pocket!
From buying airtime, checking balances, to accessing the best USSD code for loan, it’s become the choice banking method for many Nigerians.
Benefits of USSD Loan Codes
USSD codes for loans in Nigeria have simplified the borrowing process.
No more waiting in long bank queues or filling out tedious forms. With just a few taps you can:
- Get instant loan codes for emergency needs.
- No internet? No problem! USSD operates offline.
- Access a wide range of loan amounts from as low as ₦1,500 to a whopping ₦50,000,000.
- Fast, safe, and convenient.
Related: Get Urgent 2K on Your Phone Now
Comprehensive List of All the USSD Code for Loans in Nigeria
Ready to discover the goldmine? Here’s an exhaustive list of USSD code for loans in Nigeria:
| Lender | USSD Code |
|---|---|
| Zenith Bank Loan | *966# |
| Quickteller – Glo Users | *805# |
| Unity Bank Loan Code | *7799# |
| Kwikcash | *561# |
| GTBank Soft Loan (QuickCredit) | *737*51*51# |
| ALAT Loan By Wema Bank | *945*100# |
| First Bank First Advance | *894*11# or *894# |
| Accion Microfinance Bank | *572*6# |
| Carbon Loan | *1303# |
| UBA Loan Code | *919# |
| Paga | *242# |
| Ecobank Xpress | *326# |
| Glo Cash | *322*1*04225701*Amount# |
| AB Microfinance Bank | *389*755# |
| Quickteller Loan (Airtel, MTN & 9mobile) | *322# |
| Fairmoney Loan | *322*6# |
| Access Bank Payday Loan | *901*11# |
| Aledin Nano | *903# |
| Interswitch | *322# |
| Etisalat | *561# |
| Payattitude | *569# |
| MTN Cash | *606*4# |
| Airtel Quick Cash | *561# |
| FCMB | *329# |
| Migo Loan | *561# |
| Trader Moni | *540# |
There you have it; All the short codes to borrow loan in Nigeria. Now, let’s categorise them into lenders-specific institutions.
Bank USSD Code for Loans
| Bank | Loan Code |
|---|---|
| Zenith Bank | *966# |
| Unity Bank | *7799# |
| Stanbic IBTC | *909# |
| Polaris Bank | *833# |
| ALAT Loan By Wema Bank | *945*100# |
| Access Bank Plc | *901*11# |
| Heritage Bank | *322# |
| GTBank | *737*51*51# |
| Fidelity Bank | *770# |
| Union Bank | *826# |
| UBA | *919# |
| Sterling Bank | *822# |
| Standard Chartered Bank | *120# |
| FCMB | *329# |
| First Bank | *894*11# or *894# |
| UBA | *919*28# |
| Ecobank | *326# |
| Keystone Bank | *533# |
| Jaiz bank | *773# |
MFB/Loan Apps with Loan USSD Code in Nigeria
| MFB/Loan App | Loan Code |
|---|---|
| Fairmoney | *322*6# |
| Accion MFB | *572*6# |
| Aledin Nano | *903# |
| Interswitch | *322# |
| Paylater / Carbon | *1303# |
| Migo | *561# |
| AB Microfinance Bank | *389*755# |
| Kwik Cash | *561# |
Airtime Cash Loan USSD Code By Network Providers in Nigeria
| Network Provider | Loan Code |
|---|---|
| Glo cash | *322*1*04225701*Amount# |
| 9Mobile | *561# |
| Airtel quick cash | *561# |
| Mtn cash | *606*4# |
How to Apply for Loans Using USSD Codes: A Step-by-Step Guide
Navigating the USSD loan system? It’s straightforward! Here’s a detailed guide on how to get that loan swiftly using USSD codes.
1. Research and Select a Lender
First and foremost, research various lenders. Consider interest rates, loan tenures, and customer reviews.
Different lenders offer varying terms. You want the best deal that suits your needs.
2. Dial the Specific USSD Loan Code
Once decided on a lender, dial the specific USSD code for loan linked to that lender.
Each lender has a unique USSD code. This ensures you’re accessing the correct loan service.
3. Follow On-Screen Prompts
After dialling, you’ll receive a series of on-screen prompts. Typically, these will guide you to select loan amounts, tenures, etc.
These prompts are tailored to gather essential information for loan processing.
4. Input Your Personal Details
You’ll be asked for details like your full name, date of birth, and maybe a BVN (Bank Verification Number).
This verifies your identity and ensures the loan is processed to the right individual.
5. State Your Desired Loan Amount and Tenure
Choose how much you’d like to borrow and the repayment period. Remember, loan amounts range from ₦1,500 to ₦10,000,000, and tenures span from 1 to 24 months.
This helps the lender ascertain if they can cater to your loan request and determine interest rates.
6. Await Approval
After providing all necessary details, await a confirmation message. This might take a few seconds to a couple of minutes.
Lenders need time, albeit short, to process and approve your loan based on their criteria.
7. Receive Loan Funds
Once approved, the loan amount will be sent to your associated bank account.
This finalizes the loan process, granting you the financial boost you sought.
Key Requirements for USSD Loans
To get the best out of the USSD codes for loan in Nigeria, you must:
- Have a bank account with the lender, especially for the traditional banks.
- Provide your BVN, personal details, and bank statements.
- Ensure your SIM is linked with your BVN.
Best Practices When Using USSD Loan Codes
Before you rush to dial that loan USSD code, remember to:
- Compare interest rates. Not all USSD loan codes offer the same rates.
- Ensure you can repay within the specified timeframe.
- Use the USSD codes for loan in Nigeria responsibly. Don’t borrow for luxuries!
FAQs – Short Code to Borrow Loan
Can I borrow money with USSD code in Nigeria?
Yes, in Nigeria, you can easily borrow money using specific USSD codes provided by financial institutions.
Which USSD code can I use to borrow money?
Different banks and platforms have distinct USSD codes; refer to our comprehensive list to find the right one.
How do I get a loan using USSD code in Nigeria?
Simply dial the relevant USSD code for your bank or platform, then follow the on-screen prompts to secure a loan.
What is the code for *966*11# loan?
The code “*966*11#” relates to Zenith Bank’s loan service. Ensure you’re an eligible customer before dialing.
What is the short code to borrow loan in Nigeria?
There are various short codes for loans, depending on the lender. Check our list for the specific USSD loan code.
What happens if I can’t repay on time?
Repayment terms vary. While some increase interest rates, others may have stricter penalties. Always check the terms before borrowing.
Conclusion
There you have it, a comprehensive guide to the world of USSD codes for loans in Nigeria.
The financial landscape in Nigeria has undoubtedly evolved, and with tools like these, access to funds has never been easier.
Remember, while it’s tempting to dial that quick loan USSD code in Nigeria, always borrow responsibly.