USSD Code for Loans in Nigeria for Bank Loans and Online Loans
Traditionally, getting a Loan in Nigeria Usually involves owning and operating an account with a bank, meeting with your account officer or bank loan officer, applying for a loan by obtaining a application form , filling form and await confirmation. All of these cumbersome processes can easily be avoided in this modern time especially with the use of the new USSD Code for Loans in Nigeria.
With this USSD Code for Loans in Nigeria compiled by GoldenNewsNg it might be easier to get your loans within a few minutes. However, we strongly advise you don’t rush into making loan decisions without comparing loan offers from different lenders before taking out a loan facility.
In this article, we will talk about what the USSD platform is, and how it can be used to access a quick loan in Nigeria.
What is USSD?
USSD is an acronym that stands for Unstructured Supplementary Service Data. It is also known as fast code.
As the name implies, they are codes used to access options through your mobile telecommunication network provider. USSD can be used for an array of services such as callback service, content, and information, mobile money or to provide network configuration services.
How to Apply for Loans Using USSD Codes
Applying for a Loan using the USSD is quite simple and straight forward, See below;
- Know which loan provider you’re borrowing from.
- Get the functional USSD code
- Meet all specified requirements
- Dial the code
- Follow the prompt
- Get your loan
USSD Code for Loans in Nigeria
To Apply for Loan in Nigeria using USSD, all you need to do input the code into you mobile phone and follow the instructions. Some commonly used USSD codes for Loans in Nigeria Include:
|Platform||USSD Code for Loans|
|AB Microfinance Bank||*389*755#|
|Access Bank Payday Loan||*901*11#|
|Accion Microfinance Bank||*572*6#|
|Airtel Quick Cash||*561#|
|ALAT Loan By Wema Bank||*945*100|
|First Bank First Advance||*894*11# or *894#|
|GTBank Soft Loan (QuickCredit)||*737*51*51#|
|Paylater USSD Code||*1303#|
|Quickteller Loan (Airtel, MTN & 9mobile)||*322#|
|Quickteller – Glo Users||*805#|
|UBA Loan Code||*919#|
|Unity Bank Loan Code||*7799#|
|Zenith Bank Loan||*966#|
Requirement for accessing loans in Nigeria Using USSD codes
USSD Loans are easy to acquire so are the requirements. Traditionally, you must have an account with the financial institution of choice to gain access to their loan services.
For some instant Loan providers, you may not need own an account, but you’d have to provide certain details about yourself as an applicant, such details includes; full name , BVN , Bank account details , residential address, and any other information as required by the loan provider
Frequently Asked Questions about USSD Code for Loans in Nigeria
The most frequently asked questions around USSD codes for loans in Nigeria include:
What is the code to borrow money online?
There is no one solution that fits all code to borrow money online. This is because loans are from different lenders and each lender has its unique code. Therefore, all you need to do is find your lender’s code and make use of it.
Leave a Reply