List Of USSD Codes To Get Bank & Online Loans in Nigeria

List Of USSD Codes To Get Bank & Online Loans in Nigeria

Before now, getting a Loan in Nigeria requires you to own and operate an account with a bank, meet with your account officer or bank loan officer, then get the loan application form, fill out the form, and wait for confirmation. All of these long processes are no longer necessary today as many banks and online loan providers in Nigeria that offer loans now have USSD Codes to easily access their Loans.

In this article, Flippstack has compiled a list of USSD Codes for Loans in Nigeria which makes it 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.

Before going into the business of the day, let’s understand what USSD is all about

What is USSD?

USSD is an acronym that stands for Unstructured Supplementary Service Data. 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 straightforward, 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

List Of USSD Codes To Get Bank & Online Loans in Nigeria

To Apply for a Loan in Nigeria using USSD, all you need to do is input the code into your 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
Aledin Nano Limited	*903#
Carbon Loan	*1303#
Ecobank Xpress	*326#
Etisalat	*561#
Fairmoney Loan	*322*2#
FCMB	*329#
First Bank First Advance	*894*11# or *894#
Glo Cash	*322*1*04225701*Amount#
GTBank Soft Loan (QuickCredit)	*737*51*51#
Interswitch	*322#
Kwikcash	*561#
Migo Loan	*561#
MTN Cash	*606*4#
Trader Moni	*540#
Paga	*242#
Payattitude	*569#
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#

Requirements for Getting Loans Using a USSD Code

As easy as the USSD loans are, so are the requirements. Naturally, you need to be operating an account with most banks to get access to their loans through USSD.

For other instant loan providers, you do not need an account, however. Besides that, you would also need to provide your full name, your bank verification number, account details, and address, and any other information as specified by the loan provider.

Frequently Asked Questions On USSD codes for loans in Nigeria

What is the code to get a Loan online?

There is no one solution 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.

What will happen if I wasn’t able to pay back at the right time?

The exact penalty that follows being unable to pay back at the right time depends on your agreement. Usually, the penalties are stated in the loan terms and conditions and are enacted once there’s a default. Most lenders either increase the interest percentage or sell off collaterals.