quick cash loan code in nigeria

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quick cash loan code in Nigeria

quick cash loan code

The typical process for obtaining a loan include opening an account with a bank, visiting the bank, meeting with your account officer or the bank’s lending officer, filling out a loan application, and then, hopefully, waiting for your loan to be granted. That’s a lot of worry, especially given how simple it is to transmit a USSD code to your preferred loan platform to acquire loan details.

Now that there are so many codes, it might be simpler to obtain loans quickly. However, before taking out a loan facility, we firmly advise against rushing into loan decisions without first evaluating loan offers from several lenders.

We go through what the USSD platform is in this article and how to use it to get a rapid loan in Nigeria.

What is USSD?

USSD, or Unstructured Supplementary Service Data, is an abbreviation. It is sometimes referred to as fast code.

They are access codes for alternatives provided by your mobile telecommunications network operator, as their name suggests. Callback services, mobile money, content and information, as well as network setup services, are just a few of the many uses for USSD. In this instance, we take into account how USSD is used in banking.

What is USSD Banking?

Through the use of short or rapid codes, USSD Banking enables you to do financial transactions from your phone. There is no need for an internet connection; all that is needed is a cellphone network. You could do nearly any type of financial transaction with USSD banking, from money transfers to airtime purchases. More crucially, you can apply for loans using USSD codes.

How to Apply for Loans Using USSD Codes

The steps to applying for a loan via USSD are straightforward. You simply need to:

Know which loan provider you’re borrowing from.

  • Get the functional USSD code
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  • Meet all specified requirements
  • Dial the code
  • Follow the prompt
  • Get your loan

USSD Code for Loans in Nigeria

To apply for a loan via USSD, you simply need to input the code into your phone and follow the prompts that pop up. Some USSD Codes for loans in Nigeria are: 

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 *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

The prerequisites are just as simple as the USSD loans. Naturally, in order to obtain most banks’ loans via USSD, you must have an account with them.

However, you do not require an account with other rapid loan providers. Along with that, you would also need to furnish the loan provider with your full name, bank verification number, account information, address, and any other facts they may require. Visit the loanspot Africa platform right away for a more thorough advice comparison for the best loan to take within minutes.

What is the code to borrow money online?

There is no universally applicable code for online borrowing. This is due to the fact that loans come from several lenders, each of whom has a special code. Therefore, all you have to do is locate and use your lender’s code. However, some lenders, like loanspotafrica, do not utilize any codes at all because all you have to do to apply for a loan there is visit their platform.

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

Depending on your agreement, the specific penalty that results from failure to repay at the appointed period will vary. The penalties are often outlined in the loan terms and conditions and are implemented after a default. Most lenders either raise interest rates or liquidate collateral.
The good news is that doesn’t demand collateral and doesn’t resort to using force to enforce repayment once the deadline has passed. They operate a flexible repayment plan as a result, ensuring that you practically never miss the due date.


When you need rapid cash or want to avoid the physically taxing process of acquiring a loan, using USSD codes is ideal. They ask for very little, and if you can quickly complete all the requirements, you should be approved for the loan.

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