USSD Code for Quick Loans in Nigeria: Hi there, in this post, I am going to be showing you the list of all the USSD code for quick loans in Nigeria that you can use to get a loan on your phone.
These USSD codes for quick loans have been updated, so they will actually work when you use them, We have talked about other ways to get loans in Nigeria before, you can check them out below.
Getting loans in Nigeria with loan USSD code is the easiest way to get a quick loan when you are looking for one, although there are apps that you can use to get instant loans, sometimes, people don’t have a smartphone to access those loan apps
That is why I am updating the list of USSD codes for instant loans in this post because I know that most people don’t have access to a smartphone.
Read this post till the end so you don’t miss the important parts because I will list all of the USSD codes you can use to get a quick loan anytime you want. Now, without wasting time, let’s proceed with the post.
What is loan USSD code?
USSD code is a type of code that you dial on your phone to connect with a service through your network provider, USSD stands for Unstructured Supplementary Service Data, it can also be called quick code.
USSD code is very popular among phone users because it works both on smartphones and mobile phones, USSD codes are also used in a variety of things such as Airtime recharge, Airtime balance checks, Bank transfers and so on.
What is USSD banking?
USSD banking allows bank users to make transactions directly on their phones without having to go to the bank or the ATM, with USSD banking, you can send money to someone, check your account balance and even pay bills directly on your phone.
This is very useful because not all bank users have access to a smartphone, and sometimes even people with smartphones don’t always have enough network to access the mobile banking apps, so in most cases, people prefer using USSD banking for transactions.
USSD code for loans in Nigeria
If you are looking for all the USSD code for loans in Nigeria, check them out below, choose anyone that works with your bank and it will work out well for you.
| Loan providers | USSD loan codes |
|---|---|
| Access bank | *901*11# |
| Accicion microfinance bank | *572*6# |
| Alat by Wema | *945*100# |
| Gtbank | *737*51*51# |
| UBA bank | *919# |
| Aledin Nano | *903# |
| AB Microfinance bank | *389*755# |
| Eco bank | *326# |
| Migo loan | *561# |
| Interswitch | *322# |
| MTN cash | *606*4# |
| Paga | *242# |
| Payattitude | *569# |
| Trader moni | *540# |
| Glo cash | *322*1# |
| Polaris bank | *833*12# |
| Zenith bank | *966# |
| First bank | *894# |
| Paylater | *1303# |
| Unity bank | *7799# |
| FCMB | *329# |
| Fairmoney | *322*2# |
| Carbon | *1303# |
Advantages of using USSD code for loan
Many people wonder why USSD code is preferred by many, well, there are several reasons why most people prefer using USSD banking rather than banking apps. Below are a few reasons why most people prefer using USSD banking and why you should consider it too.
- Works on all phones
- Easy to use
- Fast
- Secure
Disadvantages of using USSD code for loan
Just as USSD codes have advantages, they also have disadvantages, which is why many people still use their banking apps. Below are a few disadvantages of using USSD loan codes.
- Doesn’t work all the time
- Only basic features are available
Requirements for getting quick loans with USSD code
There are some requirements that you must meet to use USSD code for quick loans in Nigeria, below are the requirements you need to meet in order to use USSD loan codes.
- Bank account
- BVN (Bank Verification Number)
- Active sim card that’s linked to your bank
- Network coverage
Even though USSD loan codes work fast and are easy to use, without meeting the above requirements, the USSD loan codes will only return an error message when you try to them.
How to get a loan using USSD loan code
If you want to get a quick loan using USSD loan code, follow the below steps carefully, but also make sure you meet the requirements mentioned above before doing this.
Turn off your internet data
Dial the USSD loan code for your bank
Follow the onscreen prompts
Request for a loan
What can I do if the USSD code doesn’t work?
If you try using USSD code to borrow a loan and it doesn’t work, this means that you need to consider going to the bank to request the loan or consider downloading your bank app on your phone and using it for the loan request.
Final thoughts
That is all that you need to know about USSD loan codes and how to get a loan using USSD codes in Nigeria, there are several ways you can get a loan in Nigeria apart from using the USSD code, but using USSD code to request a loan is very simple and works on all phones.
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