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List of All USSD Code for Loans in Nigeria 2024 [Banks, App & MFBs]

  • November 19, 2023

Are you in need of a loan but don’t have the time to visit a bank or lender? Look no further! In Nigeria, USSD codes provide a convenient and quick way to access loans from the comfort of your own home.

Most lenders in Nigeria use mobile apps and websites to give borrowers access to loans, but due to the increase in competition, a few lenders now use USSD code for loans in Nigeria.

In this blog post, we will be exploring the different USSD codes available for loan services in Nigeria, as well as the process for applying for a loan and the requirements needed.

Whether you’re in need of a personal loan or a business loan, we’ve got you covered. With USSD codes, accessing loans has never been easier. So, let’s dive in and learn all about USSD codes for loans in Nigeria!

What is a USSD Code?

USSD codes, or Unstructured Supplementary Service Data codes are short, easy-to-remember numbers that are entered into a mobile phone’s dialer and allow users to access a variety of services.

These are usually account balance inquiries, money transfers, and loan applications, without the need for an internet connection. These codes have become a popular and convenient way to access financial services, including loans.

See Also: How to Get 20,000 Naira Loan in Minutes

List of USSD Codes for Loans in Nigeria 2023

Here’s a table containing all the USSD codes that you can use to apply for a loan in Nigeria:

LenderUSSD 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.

Banks’ USSD Code for Loans in Nigeria

Wondering if your bank have a loan code? Here are the banks with USSD loan codes in Nigeria:

BankLoan 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

Here’s a table containing the short code to borrow loan from MFBs in Nigeria:

MFB/Loan AppLoan 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#

See Also: How to Get a Startup Business Loan in Nigeria

Airtime Cash Loan USSD Code By Network Providers in Nigeria

Network ProviderLoan Code
Glo cash*322*1*04225701*Amount#
9Mobile*561#
Airtel quick cash*561#
Mtn cash*606*4#

Benefits of Using Loan Codes in Nigeria

Here are some benefits of using USSD code for loans in Nigeria:

  1. Convenience: USSD codes allow for easy and convenient access to loans from anywhere with a mobile phone.
  2. Speed: USSD codes can enable faster loan approval and disbursement, as the process is fully automated and does not require physical documents.
  3. Accessibility: USSD code for loans in Nigeria can increase access to credit for individuals and businesses, particularly those in remote or underserved areas.
  4. Low-cost: USSD codes can be a cost-effective way to access loans, as they do not require expensive hardware or software.

Check Out: Top 10 Lending Apps That Give Loans in Minutes in Nigeria

How to Apply for Loans Using USSD Codes in Nigeria

Follow the steps below to apply for a loan using USSD codes in Nigeria

  1. Pick a lender to borrow money from.
  2. Dial the USSD code provided by the lender.
  3. Follow the prompts to register or login to the lender’s system.
  4. From the pop-up options, select the loan product you wish to apply for.
  5. Provide the required personal and financial information.
  6. Submit your loan application.
  7. Wait for the lender to process your application and notify you of their decision.

That’s how to use the USSD code for loans in Nigeria to borrow money from lending platforms that have this USSD feature.

Related: 6 Best Loan Apps That Don’t Request BVN in Nigeria

Loan Apps With USSD Code in Nigeria

The following are some of the lending platforms that use USSD code for loans in Nigeria.

1. Carbon

USSD code for loans in Nigeria

Carbon loan code is *1303#. This ussd code can be used to access Carbon loan without having to download the app or visit their website.

Carbon offers personal loans worth up to 1 million Naira with a low interest rate ranging from 1.75% – 30%, and a long tenor of up to 6 months.

2. Fairmoney

*322*2# is Fairmoney loan USSD code in Nigeria. Fairmoney is one of the most popular lending platforms in Nigeria that offers low interest loans with flexible repayment methods and relatively long tenor.

This code can also be used to access other fairmoney app features. You do not even need the app on your phone to use this code to access Fairmoney loans.

3. ALAT By Wema

ussd code for loans in Nigeria

*945# is the ALAT By Wema bank USSD code for loans in Nigeria. This code is the normal Access Bank USSD code, however, it can also be used to access ALAT loans as well as other wema bank products.

ALAT is the WEMA bank product that gives individuals and business access to low interest loans ranging from 50,000 to millions of Naira without collateral.

4. Migo Loan

Migo loan code in Nigeria is *561#. This loan can be used to apply for Migo loan from your phone even without an internet connection.

Migo loan is one of the most popular platforms that offer the most reliable lending service in Nigeria. Loans from this platform come with low interest and long tenor. Also, Migo loan terms and conditions are flexible.

See Also: Top Loan Apps in Nigeria That Don’t Request ATM Card

5. Access Bank Loan

*901# is the Access bank USSD code for loans in Nigeria. This code can also be used to access all other Access Bank mobile banking services such as account opening, checking balance, money transfers and so on.

6. Fidelity Bank Payday Loan

*770*08# is the direct loan code for Fidelity bank. This code can be used to apply for loans from fidelity bank through your phone even without an internet connection or having to visit the bank.

To use this code for loans, you must be a Fidelity bank account operator already. Fidelity bank loans also come with low interest rates and fair loan terms.

Read Also: Apps That Give Business Loans in Nigeria Without Collateral

Loan Codes in Nigeria – FAQs

What is USSD code for loans in Nigeria?

USSD code for loans in Nigeria is a shortcode that enables customers to apply for and access loan services via their mobile phones without the need for an internet connection.

How do I apply for a loan using USSD code in Nigeria?

To apply for a loan using USSD code in Nigeria, you will need to dial the shortcode provided by the loan provider and follow the prompts. This may include providing personal information, such as your name and income, and confirming your loan application.

What types of loans are available through USSD code in Nigeria?

The types of loans available through USSD code in Nigeria may vary depending on the loan provider. Some common types of loans include personal loans, business loans, and emergency loans.

What documents are required to apply for a loan using USSD code in Nigeria?

The required documents for applying for a loan using USSD code in Nigeria may vary depending on the loan provider. However, commonly required documents include a valid form of identification, such as a national ID or voter’s card, and proof of income, such as a payslip or bank statement.

What is the interest rate for loans obtained through USSD code in Nigeria?

The interest rate for loans obtained through USSD code in Nigeria may vary depending on the loan provider and the type of loan. It is important to carefully review the terms and conditions of the loan, including the interest rate, before applying.

How do I repay a loan obtained through USSD code in Nigeria?

The repayment process for a loan obtained through USSD code in Nigeria may vary depending on the loan provider. Some loan providers may offer automatic debit or direct debit options for repayment, while others may require manual repayment via cash or bank transfer.

How do I check the status of my loan application or repayment using USSD code in Nigeria?

To check the status of your loan application or repayment using USSD code in Nigeria, you will need to dial the shortcode provided by the loan provider and follow the prompts. Some loan providers may also offer the option to check the status of your loan via SMS or online portals.

Conclusion

USSD code for loans in Nigeria is a convenient and efficient way to apply for and access loan services via mobile phone without the need for an internet connection. It offers a variety of loan options, with different interest rates and repayment options.

However, it’s important to carefully review the terms and conditions of the loan before applying as some may not work anymore, that is why we’ve provided a list containing multiple of those loan apps/platforms that allow USSD for you to pick from.