USSD Code for Loans in Nigeria 2022/2023 » Voice of Nigeria

What is the USSD Code for Loans in Nigeria?

To get a loan, you usually have to have a bank account, go to the bank, talk to your account officer or the bank’s loan officer, fill out a loan application, and then hopefully wait for your loan to be approved.

That’s a lot of trouble, especially since you can easily send a USSD code to your favorite loan platform to get loan information.

Now that there are so many codes, it may be easier to get loans in just a few minutes. But we strongly suggest that you don’t rush into taking out a loan without first comparing loan offers from different lenders.

In this article, we explain what the USSD platform is and how you can use it to get a quick loan in Nigeria.

What exactly is a USSD?

Unstructured Supplemental Service Data is what USSD stands for. It can also be called “quick code.”

As the name suggests, they are codes that let you use your mobile phone network provider’s options. USSD can be used for a lot of different things, like a callback service, mobile money, content, information, or to configure a network. In this case, we’ll talk about how USSD is used in banking.

What is USSD Banking ?

The term “USSD Banking” refers to a sort of banking that enables you to carry out financial transactions from the convenience of your mobile phone by utilizing “short codes” or “quick codes.” A cellphone network is all that is required; an internet connection is not essential in any way.

Through USSD banking, you were able to carry out virtually any type of financial activity, from transferring funds to purchasing airtime. The most crucial thing to note is that you can apply for loans by using USSD numbers.

How to Use USSD Codes to Apply for Loans

The steps to get a loan through USSD are easy to follow. You only have to:

  • Know who you’re getting the loan from.
  • Find out the USSD code that works
  • Meet all the requirements set out.
  • Call the number
  • Follow the directions.
  • Get your loan

Nigerian USSD Code for Loans

ussd codes for loan

To get a loan through USSD, you just need to type the code into your phone and follow the on-screen instructions. Some Nigerian USSD Codes for loans are:

Platform USSD Code for Loans
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#
USSD Code for Loans in Nigeria

What You Need to Do to Get a Loan Using a USSD Code

As simple as USSD loans are, the requirements are the same. Most banks require that you have an account with them before you can get a loan through USSD.

But you don’t need an account with other places that give out instant loans. You would also have to give your full name, bank verification number, account information, address, and any other information the loan provider asks for. Visit the loanspot Africa platform today to get a more complete recommendation comparison for the right loan to take in just minutes.

FAQ Questions People Usually Ask

The questions that people most often ask about USSD codes for loans in Nigeria are:

How do I borrow money online? What is the code?

There is no one way to borrow money online that works for everyone. This is because different people give out loans, and each lender has its own code. So, all you have to do is find the code for your lender and use it. But lenders like loanspotafrica don’t use codes at all. All you have to do to get a loan from them is go to their website.

What would happen if I couldn’t pay back when I was supposed to?

Depending on your agreement, you might have to pay a fine if you can’t pay back on time. Most of the time, the penalties are written into the terms and conditions of the loan and are put into effect when there is a default. Most lenders either raise the amount of interest or sell off the collateral.

On the plus side, loanspotafrica doesn’t ask for collateral and doesn’t use force to get the money back after the deadline. Because of this, they have a flexible payment plan that makes it almost impossible to miss a deadline.


Using USSD codes to get loans is great when you need cash quickly or want to avoid the hard work of getting a loan in person. They don’t ask for much, and if you meet all the requirements, you should get your loan in minutes if you qualify.

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