40+ USSD codes for Loans in Nigeria (2024)

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If you are looking for USSD codes for loans in Nigeria, then you are in the right place. There are many loan platforms including microfinance banks, commercial banks, and telecom that provide you loans by just dialing a code on your mobile phone.

The traditional way of getting a loan requires checking your credit score, choosing a reputable lender, gathering required documents like income proof, and identification, and providing collateral. Then you complete and submit an application form, then wait for approval. If approved, review the loan offer, sign a formal agreement, and receive the funds. Repay the loan according to the agreed terms.

From the period of applying for the loan to the time the loan was approved could take many days and a lot of paperwork

Thanks to technology, you can now apply for a loan from the comfort of your home, and have it approved in less than 10 minutes. Most loan providers will allow you to apply for loans through their mobile app or website. But some people prefer using USSD code, especially those who own phones that have no access to the internet.

In this post, we have compiled a comprehensive list of all the available USSD codes for loans in Nigeria including popular loan providers, banks, microfinance institutions, and financial institutions. You can pick any loan provider you prefer and registration on all of these financial institutions is quick and easy.

Don’t just rush and dial a code without having any information about the loan provider and their terms of use. You should check for some information like the loan duration, interest rate, amount payable, loan limit, and many others, with the loan provider before applying for a loan.

Also, see Nigeria’s Best Loan Apps.

USSD Codes For Loans in Nigeria

We divide the list of USSD codes for loans in Nigeria into three sections, Loan USSD codes from Microfinance and Organizations in Nigeria, USSD codes of Banks, and USSD codes of Internet Providers.

Here is a comprehensive list of USSD Codes in Nigeria:

Microfinance Codes for Loans in Nigeria

AB Microfinance Bank*389*755#
Aledin Nano *903#
Carbon Loan *1303#
Accion Microfinance Bank *572*6#
FairMoney Loan *3222#
Accion MFB*572*6#
Migo Loan (Kwikcash)*561#
Payattitude *569#
PayLater USSD Code *1303#
Quickteller – Glo Users*805#
Quickteller Loan (Airtel, MTN & 9mobile) *322#
Trader Moni *540#

Loan USSD codes from banks

Access Bank Payday Loan*901*11#
ALAT Loan By Wema Bank *945*100#
Ecobank Xpress *326#
FCMB *329#
Fidelity Bank*770#
First Bank (First Advance)*894*11# or *894#
GTBank Soft Loan (QuickCredit)*737*51*51#
Heritage Bank*322#
Jaiz bank*773#
Keystone Bank Loan Code*533#
Polaris Bank*833#
Stanbic IBTC*909#
Standard Chartered Bank*120#
Sterling Bank*822#
UBA Loan Code *919#
Union Bank*826#
Unity Bank Loan Code*7799#
Zenith Bank Loan *966#

Loan/Airtime USSD Codes From Telecomm

Airtel quick cash*561#
Mtn cash*606*4#
Glo cash*322*1*04225701*Amount#

What exactly is USSD?

USSD, or Unstructured Supplementary Service Data, is a communication protocol used in mobile telecommunications. It allows mobile phone users to interact with a service provider’s computer systems through short, numeric codes entered via the device’s keypad.

USSD is typically used for quick, real-time communication and transactions, such as checking account balances, recharging prepaid mobile credit, or accessing various mobile services.

Unlike SMS, USSD sessions are session-based, meaning they create a real-time connection between the mobile device and the service provider’s server. This makes USSD suitable for interactive applications, with responses and actions initiated directly on the user’s mobile screen, making it a vital tool for mobile banking, mobile payments, and other services.

What is USSD Banking, and how does it work?

USSD banking in Nigeria, often referred to as “Mobile Banking,” is a widely used financial service that enables individuals to access and manage their bank accounts using Unstructured Supplementary Service Data (USSD) codes on their mobile phones.

Customers can perform various banking transactions like checking balances, transferring funds, paying bills, and even opening accounts. To use USSD banking, customers dial a specific code provided by their bank, usually starting with a ‘*‘, and ending with ‘#‘, followed by their PIN, and navigate through menu options displayed on their mobile screens. It’s a convenient and accessible way to perform banking tasks without needing internet access or a smartphone, making it particularly popular in Nigeria’s diverse and widespread population.

How to apply for a loan Using USSD Codes

Borrowing loans with the USSD code is very easy, but you need to pay attention to some information and the requirements of the loan provider before applying. After knowing what you are in for, you can go ahead and request a loan. Here is how to apply for a loan using USSD codes:

  • Know the Requirements: First, you must learn about the loan provider, including the interest rate, loan repayment time, loan limit, and terms and circumstances.
  • Create an Account: When requesting loans from your bank or network provider, you won’t need to register again. But with a microfinance bank or other loan provider, you will need to create an account with them using some government-approved documents and your BVN.
  • Get the USSD code: This page provides you with the USSD code, check out the specific loan provider USSD code.
  • Dial the Code: The next thing is to dial the code from your phone.
  • Follow the prompts by entering the amount you want to borrow, the bank you want it credited to, and the duration.
  • Allow time for approval.
  • Your loan will be disbursed to your bank account.

Requirements for Using a USSD Code to Get a Loan

Before you can start lending money, you must first register with one of the loan platforms, as I explained earlier. You can also register using your phone, but you’ll need to give a few details before any loan provider will approve your loan.

You do not need to create an account with any banks or network providers you already have an account with. However, registration is required by some financial companies that do not have any information about you. The majority of these financial institutions ask for the following:

  • Your Full Name
  • BVN
  • National Identity Number
  • Address, as well as some other details.

You should also remember to check the interest rate of every loan provider and stay away from any platform with extremely high-interest rates.

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