USSD code for loans in Nigeria brings a kind of a big deal quick access to borrow money from a financial provider directly on your phone without an internet just by dialing a short code.
With a growing list of USSD code for quick loans in Nigeria, you now have access to several providers that can give you instant loan when you need some urgent funds.
Pockets running dry, we have all been in such situations and the mental state that comes from that is not welcoming.
Having quick access to funds brings a high relief when you need funds to rely on for a short time before you restore your pocket to a better state on a payday.
To resolve your worries for quick money to tackle issues, one of the USSD code for loans in Nigeria gives you the opportunity to access an instant loan by just dialling the respective code.
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List of Valid USSD Code for Loans in Nigeria
Top USSD Code for Loans in Nigeria
Having access to facilities provided by any of the USSD code for loans in Nigeria institutions demand you to open an account with the provider you chose to access its instant loan.
But that can be cumbersome trying them out, below are the best picks based on different criteria.
Editors’ Pick USSD Code for Loans in Nigeria
Carbon
(4.5 / 5)
- Open to everyone with a valid BVN
- Loan topup up to ₦1, 000, 000
- 100% Cashback on Starter Credit
- Free credit report
- Free money transfer to other banks
Among the list of USSD code for loans in Nigeria, this is the top pick when it has to do with the one that gives fund to everyone irrespective of your bank.
So if your bank for instance does not have a facility to enable you to access instant loan using USSD, you can opt to use this provider.
The requirements are basic: your phone number, BVN are primary with a couple of nationally accepted cards for higher know your customer profile.
Quick Picks
- USSD Code: *1303#
- Loan Amount: You can get up to ₦1, 000, 000 depending on your credit score
- Disbursement of funds is instant once approved and it takes a few minutes
- The loan is repayable within 30 days
- An interest rate of 5%
- No penalty fee on late repayments but liquidating your loan on time improves your credit score for a higher instant loan
- Free charges on your wallet to bank transactions
Best Rate USSD Code for Loans in Nigeria
GTBank Quick Credit
(4.5 / 5)
- Open to everyone with a GTBank account
- Loan topup up to ₦5, 000, 000
- Interest rate of 1.33%
- Can be extended for up to a length of 12 months
At 1.33% interest rate, the GTBank QuickCredit is the has the cheapest fee compared to other USSD code for loans in Nigeria.
The bank itself is known for great service hence, working with them promises a good relationship.
If you are a GTBank customer and have been active for up to 6 months with at least a monthly inflow up to ₦20, 000 (for non-salary earners) or ₦10, 000 net pay for employed individuals, you can access this instant USSD loan.
Quick Picks
- USSD Code: *737*51*51#
- Loan Amount: You can get up to ₦5, 000, 000 depending on your credit score
- Disbursement of funds is instant once approved and it takes a few minutes
- The loan is repayable within 12 months
- An interest rate of 1.33% on monthly bases on your loan balance
- It has a penalty fee of 1% on monthly basis for late repayment (a total of 12% per year). Read full terms.
- This is only available to GTBank customers hence, you will be required to open an account to access this USSD code for loans in Nigeria
How USSD Code for Loans in Nigeria Works
Using one of these service providers to borrow money requires no technical know-how.
In order to successfully apply for funds using any of the USSD code for loans in Nigeria, you will only require:
A mobile phone: of course, this is the basic requirement as you will need this to have access to dial the instant loan USSD code Your provider’s recognised phone number: your mobile number is a unique identifier that grants you access to the financial facility, includes accessing the services available using your respective provider’s USSD code for loan in Nigeria.This must be the number used to register for banking services like SMS alert and others at the point of creating your account.
If you attempt to dial your provider’s USSD code for an instant loan from a non recognised mobile number, you will either be asked to open an account or refused access entirely until you have created a profile with them.
USSD code for loan: once you have the above, the next thing is knowing the correct USSD code for loan offered by your provider. But if your financial institution does not have a code, you can opt to use any of the providers listed earlier on the table for USSD code for loans in Nigeria. A good credit history: no provider wants a situation you have been given the funds and repayment becomes difficult. In order for any financial institution to be sure of your capability for repayment, they check your previous loans or if you do not have any, your monetary inflow to your bank will be considered to determine if you are eligible for a loan or how much maximum you can borrow.
USSD Code for Loan in Nigeria FAQs
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