Amidst Nigeria’s current financial depression, where inflation rates have skyrocketed, and the cost of goods has tripled, there is a glimmer of hope for residents seeking relief. The right USSD codes for loans in Nigeria have become a lifeline for many, offering much-needed financial support during these challenging times. To simplify your search, we outlined all the USSD codes for loans in Nigeria in the latter part of this article.
Various financial institutions have stepped up to create avenues to mitigate the effects of the recession on individuals and businesses across the country. These loans have emerged as a saving grace, keeping the nation afloat amidst the turmoil.
In the face of the fast-paced world of business, Nigerians urgently require loans and funds without the hassle of long bank queues or days of waiting for approval. Enter the instant loan phenomenon, where technology takes center stage. Mobile technology, with its swift and convenient services, has become a game-changer.
Financial services have hopped on the USSD bandwagon, making loans accessible within minutes to a few hours. This infusion of speed and efficiency empowers individuals to navigate the financial landscape with greater ease and confidence.
What is a USSD code in banking?
USSD stands for Unstructured Supplementary Service Data. Also known as a quick code this code accesses options through your network service provider including call-back service, content, mobile money and others.
In banking, this code allows you to make financial transactions from your phone. It makes use of the network and needs no internet. It is flexible enough to allow for a wide range of banking services and that includes loans. Today, most lenders have USSD codes for loans in Nigeria to aid accessibility.
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What are the steps to getting loans using USSD?
All you need to use USSD codes to access loans is to:
- Know the financial institution you are seeking to borrow from.
- Get the USSD code used by the bank.
- Meet all the requirements to access the loan.
- Dial the code from your mobile device.
- Follow the instructions and…
- Get your loan.
What are the various USSD codes for loans In Nigeria?
Below is a list of USSD codes for loans in Nigeria used by some of the country’s most popular financial institutions:
| Financial Service Provider | USSD Loan Code |
| Zenith Bank Loan | *966# |
| Unity Bank Loan Code | *7799# |
| UBA Loan Code | *919# |
| GTBank Soft Loan (QuickCredit) | *737*51*51# |
| AB Microfinance Bank | *389*755# |
| Access Bank Payday Loan | *901*11# |
| First Bank First Advance | *894*11# or *894# |
| Accion Microfinance Bank | *572*6# |
| FCMB | *329# |
| Ecobank Xpress | *326# |
| ALAT Loan By Wema Bank | *945*100# |
| Airtel Quick Cash | *561# |
| Aledin Nano | *903# |
| Quickteller Loan (Airtel, MTN & 9mobile) | *322# |
| Quickteller – Glo Users | *805# |
| Carbon Loan | *1303# |
| Paga | *242# |
| Payattitude | *569# |
| Fairmoney Loan | *322*2# |
| Interswitch | *322# |
| Paylater USSD Code | *1303# |
| Kwikcash | *561# |
| Migo Loan | *561# |
| Trader Moni | *540# |
| MTN Cash | *606*4# |
| Etisalat | *561# |
| Glo Cash | *322*1*04225701*Amount# |
| Renmoney | *723# |
| Stanbic IBTC | *909*44# |
| Polaris Bank | *833*12# |
| Sterling Bank | *822# |
| Opay loans | *955# |
| AB Microfinance Bank Nigeria | *755# |
| Mainstreet Microfinance Bank | *540*394# |
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How can I get a loan through USSD code?
Follow the steps below to get a loan through USSD code:
- Identify the bank you want to borrow from and get their USSD loan code from our list above
- Dail the code on your mobile phone using the number linked to your bank account
- input the number for loans
- Follow the prompt
- The bank will inform you of your loan status within 24 to 48 hours
Frequently Asked Questions on USSD Codes for Loans in Nigeria
What are the requirements for accessing USSD loans?
Requirements of USSD loan services differ between organisations. Most financial institutions that offer quick loans require that you are a customer with an account in their organisation. Some do not need you to be an account holder.
Most likely all will require that you submit your Bank Verification Number (BVN) for identification and confirmation.
Other details they may ask for are your personal details like your full name, date of birth, account details and much more.
What happens if you do not pay on time?
The various penalties stipulated by the service providers and agreed upon by you when you asked for the loan will be put into play if you do not pay on time. But most service providers keep their repayment plans flexible to ensure that you never miss the deadline. USSD codes for loans may aid easy loan accessibility, but their deadlines should be kept or you will be refused loans subsequently.
In conclusion
We hope these loan codes help you get the loan you desire and solve your financial troubles. However, note that you need to have an account with the bank before you can access their USSD loan code service. Also, you need to dial the codes on the number registered with your account.
