Loans code in Nigeria, ussd code for loans in Nigeria, short code to borrow loan

Gone are the days of enduring the hassle of visiting a bank to secure a loan. Thanks to the convenience of USSD banking, you can now obtain loans swiftly and effortlessly. USSD (Unstructured Supplementary Service Data) banking involves using short codes to carry out financial transactions on your phone, without the need for an internet connection. This form of banking empowers you to complete various financial tasks, from transfers to airtime purchases, and importantly, to obtain loans.

Benefits of Utilizing USSD Loan Codes in Nigeria

USSD codes offer a hassle-free way to access loans via your mobile phone, anytime, and anywhere. The automated process of USSD code loan applications ensures rapid approval and disbursement, omitting the need for physical paperwork. USSD loan codes enhance credit availability for individuals and businesses, especially those located in remote or underserved regions. Leveraging USSD codes for loans proves economical as it eliminates the need for costly hardware or software.

Steps to Applying for Loans through USSD Codes

  • Identify the Loan Provider: Know the lender you’re approaching for the loan.
  • Acquire the Functional USSD Code: Obtain the USSD code required for loan application from the lender.
  • Fulfill Requirements: Ensure you meet the specified criteria set by the lender.
  • Dial the Code: Enter the lender’s USSD code on your mobile phone.
  • Follow Instructions: Comply with the prompts given through the USSD interface.
  • Receive Your Loan: Once the process is complete, your loan will be approved and ready for use.

Ussd Code for Loans in Nigeria

Banks short code to borrow loan

  • Access Bank Loan USSD Code *901*11#
  • Zenith bank Loan USSD Code *966*11#
  • GTB loan code *737*51*51#
  • UBA Loan USSD Code *919*28#
  • FCMB Loan USSD Code *329#
  • First Bank                                *894#

Microfinance banks short code to borrow loan

  • AB Microfinance bank Loan USSD Code *389*755#
  • Kwik cash Loan USSD Code *561#
  • Aledin Nano Loan USSD Code *903#
  • Interswitch Loan USSD Code *322#
  • Fairmoney Loan USSD Code *322*6#
  • Accion MFB Loan USSD Code *572*6#
  • Carbon Loan USSD Code *1303#
  • KiaKia Loan Code *448#
  • Easemoni Loan Code *347*334#
  • Zedvance loan code *5858#
  • Sharp Sharp loan code *5120#

Airtime short code to borrow loan

  • Airtel quick Cash Loan USSD Code *561#
  • Etisalat Loan USSD Code *561#.
  • Mtn cash Loan USSD Code *606*4#
  • Glo Cash Loan USSD Code *322*1*04225701*Amount#

See Also: Jaiz Bank USSD Code For Transfers


Where can I borrow money immediately in Nigeria?

You can swiftly access immediate loans in Nigeria without collateral from various reputable banks. First City Monument Bank (FCMB) Limited, WEMA Bank, Stanbic IBTC, Zenith Bank, Fidelity Bank, First Bank, United Bank for Africa (UBA), and GT Bank are some notable institutions on this list. These banks have streamlined their loan application processes, utilizing technology to provide quick and hassle-free access to funds. This approach empowers individuals to address their financial needs promptly, fostering a more inclusive and responsive financial environment that caters to the diverse requirements of borrowers across Nigeria.

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Can I use my BVN to borrow money?

BVN (Bank Verification Number) can aid in locating loan defaulters but doesn’t directly facilitate borrowing money. It’s designed for security and verification, ensuring accurate identification of bank account owners. BVN doesn’t grant access to accounts or enable transactions; rather, it serves to validate personal information. While it enhances transparency in financial transactions and helps prevent fraudulent activities, it doesn’t possess inherent borrowing capabilities. Lenders may use BVN as part of their due diligence when processing loan applications, but it doesn’t function as a standalone tool for borrowing money.

Does Kuda loan money?

Kuda does provide loans to its users. When approved for a Kuda loan, you receive a lump-sum payment directly into your Kuda account. Repayment includes both the principal and interest, organized into fixed monthly installments. These terms are agreed upon during the loan application process. The maximum loan amount offered by Kuda is ₦200,000. This lending service empowers users to address their financial needs, offering a structured approach to borrowing and repayment, fostering responsible financial management within the Kuda platform.

How do I borrow money from Palmpay?

Borrowing money from Palmpay is a straightforward process. Begin by downloading the Palmpay app onto your phone. Next, create an account by providing your personal information. Once registered, navigate to your dashboard within the app and locate the “Loans” section. From there, select the desired loan amount you wish to borrow. Palmpay’s user-friendly interface makes it easy to access funds, enhancing financial flexibility and catering to immediate monetary requirements.

What happens if I don’t pay FairMoney?

Failure to repay a loan to FairMoney on time has significant repercussions. FairMoney adheres to legal regulations and reports defaulting borrowers to all credit bureaus, including CIBIL. This action leads to a negative impact on your CIBIL score, which is a crucial measure of creditworthiness. A lowered score can hinder your ability to secure future loans or credit facilities from various lenders. Responsible and timely repayment is vital to maintain a positive credit history, ensuring access to financial opportunities and favorable terms in the future.

What is the USSD code for OKash loan?

The USSD code *955# offers a convenient method for accessing OKash loans. Dial this code on your mobile phone to initiate the process. Follow the provided instructions to apply for a loan. OKash allows loans ranging from as low as ₦3,000 to a maximum of ₦500,000. This user-friendly approach simplifies the loan application, enabling individuals to access funds swiftly and efficiently. The USSD code streamlines the borrowing experience, ensuring that users can conveniently manage their financial needs through their mobile devices.

Which USSD code can I use to borrow loan?

You can use various USSD codes to borrow loans from different banks in Nigeria. For instance, with First Bank, you can access the First Advance loan by dialing *894*11# or *894#. GTBank offers the Soft Loan (QuickCredit) accessible through *737*51*51#. Payattitude’s loan service is available via *569#, while UBA offers loan services through the USSD code *919#.


The introduction of USSD codes for loans in Nigeria has revolutionized borrowing, offering users swift and convenient access to funds. This approach democratizes lending, particularly for those without traditional banking access. Transparent terms, responsible lending, and stringent security are crucial moving forward. Ongoing collaboration between financial institutions and regulators will be vital to nurture a reliable and inclusive lending environment.

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