USSD Code For Quick Loans In Nigeria – All You Need To Know

USSD Code For Quick Loans In Nigeria - All You Need To Know

USSD Code For Quick Loans In Nigeria.

Getting a loan from traditional financial institutions used to be a stressful and rigorous process in previous times. it entailed going physically to apply for the loan, having a collateral, waiting for long queues, and interfacing with loan officers. These days you can cut off this long process, and directly apply for a loan from the comfort of your home using USSD Code For Quick Loans, and the best part is all this can be done in minutes.

Thanks to technology, we don’t have to go through any queues to access loans any longer. The advent of digital lenders who operate as Microfinance has disrupted the traditional loan application process and even if you don’t have data or a smart phone at hand, you can still access these loans through USSD codes. In today’s post, we will be looking into how to go about getting quick loans through USSD codes.

What Are USSD Codes?

The term USSD stands for unstructured supplementary service data and it is also in most cases known as shortcodes. These codes could be 182 digits on rare occasions, and they only consist of characters that can be found on a mobile phone dial pad. 

What Are USSD Transactions

These unstructured supplementary service data (USSD) makes it possible for users who don’t have access to smart phones or the internet to initiate mobile banking transactions as they would have if they were online. USSD codes can be used for inter and intra-bank transfers, requesting account balance, data, and airtime purchases, getting bank statements, and a lot more. 

USSD is quick and interactive, it helps users see options and responses almost in real-time displayed on their phone screens, fostering a swift 2-way interaction that is way quicker than browsing and texting. 

What Digital Lenders Give Out Loans Through USSD Codes

AB Microfinance Bank.     *389*755#

Access Bank Payday Loan. *901*11#

Accion Microfinance Bank.  *572*6#

ALAT Loan By Wema Bank. *945*100

Aledin Nano.  *903#

Carbon Loan. *1303#

Ecobank Xpress *326#

Etisalat. *561#

Fair money Laon *322*2#

FCMB  *329#

First Bank First Advance *894*11#/*894#

Glo Cash *322*1*04225701*Amount#

GTBank Soft Loans (Quick Credit). *737*51#

Interswitch. *322#

Kwikcash *561#

Migo loan *561#

MTN Cash *606*4#

Trader Moni *540#

Paga *242#

Payattitude *569#

Pay later USSD Code *1303#

Quickteller Loan (Airtel, Mtn & 9mobile)  *322#

Quickteller (Glo Users)  *805#

UBA Loan Code  *919#

Unity Bank Loan  *7799#

Zenith Bank Loan *966#

How To Apply For Loans With USSD Codes

Getting a loan through USSD Codes is pretty straightforward, the steps include:

Knowing what digital Lender you’re borrowing from

Ensuring you meet the lender’s requirement

Dialing the lender USSD Code

Following the prompt and inputting valid responses

Receiving your loan

Requirements That Make You Eligible To Access USSD Loans:

Before attempting to get a loan from any of these financial institutions, it’s important that you meet the basic requirements. The requirements include the following:

Having an account or profile with the lender of choice

Present your BVN, Full name, Address, and Email

Provide your bank account details

Read and Agree to the terms


Can I Use USSD Code Without Data?

Yes, you can, USSD codes work without an internet connection. These Unstructured Supplementary Service Data can be utilized without data, meaning you can still request for a loan even if you don’t have access to a smart phone.

Is There A General USSD Code To Loan Money?

No, there is no generally acceptable USSD code for getting a loan, every digital lender has a special code that makes them distinct, meaning before you proceed to acquire a loan through USSD codes. You need to carry out your research to know the code peculiar to the lender of your choice.  However not every digital lender offers loans through USSD, this is why you need to do your findings to find out if a particular lender offers loans through short codes, the requirements, and what the code is.

What If I Don’t Repay My Loan In Time?

Before taking a loan it’s important to know you can pay it back because the penalty for not paying back in due time can be severe. Most lenders disclose the penalties that follow in their terms, they often involve higher interest rates, taking possession of the collateral, and reaching out to contacts to encourage the defaulter to make payments just to state a few.

What Are The Disadvantages Of USSD Codes?

USSDs have pretty impressive up sides including the fact that they are: low in cost, accessible without data or an internet connection, and easy to use. Not surprisingly and just like any recently launched technology, USSD codes also have their down sides.

1. Accessibility

Visually impaired, disabled, and illiterate people find it hard to follow the USSD prompts before the session expires.

2. Security

In the case of security gaps, a user might end up disclosing sensitive data, such as BVN and Account numbers to fraudsters. Another security threat is losing your sim card, giving anyone who finds the card access to your loan profile.


Are you considering getting a loan? If the answer is yes, then save yourself a whole lot of stress and subscribe to instant USSD loans. They will save you transportation costs, long queues at the bank, and a handful more hurdles. it can look like you have no idea what you’re doing but just by following the prompt, you can get your loans in minutes.

It’s tempting to think you can get away with not paying back your loan, because the transaction was done in the absence of a witness and didn’t require a picture and such detail, however, it’s important to know failure to repay a loan when due can attract heavy penalties and have a bad impact on your credit.

Lastly, it’s important to know that each digital lender has its own unique interest rate, hence, you should compare to choose which best favors you before making your pick and going ahead with dialing the code.