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USSD Code for Loans in Nigeria

Last updated on July 21st, 2022 at 01:24 pm

Getting a loan usually involves operating an account with a bank, heading off to the bank, seeing your account officer or the bank’s loan officer, taking out a loan application and filling it, and waiting for your loan to be approved, hopefully. That’s a lot of stress, especially now that you can easily send a USSD code to get loan information from your favorite loan platform.

Now with this many codes, it might be easier to get your loans within a few minutes. However, we strongly advise you don’t rush into making loan decisions without comparing loan offers from different lenders before taking out a loan facility.

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

What is USSD? 

USSD is an acronym that stands for Unstructured Supplementary Service Data. It’s also known as quick code.

As the name implies, they are codes used to access options through your mobile telecommunication network provider. USSD can be used for a range of things – callback service, mobile money, content, and information, or to provide network configuration services. In this case, we consider how the use of USSD in banking.

What is USSD Banking? 

USSD Banking is a type of banking that allows you to make financial transactions from your phone through the use of short or quick codes. It simply requires a cellular network; no internet connection is required. Through USSD banking you could make almost any kind of financial transaction; from making transfers to buying airtime. More importantly, you can use USSD codes to get loans. 

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
  • 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: 

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

Requirements for Getting Loans Using a USSD Code

As easy as the USSD loans are, so are the requirements. Naturally, you need to be operating an account with most banks to get access to their loans through USSD.

For other instant loan providers, you do not need an account, however. Besides that, you would also need to provide your full name, your bank verification number, account details, and address, and any other information as specified by the loan provider. For a more comprehensive recommendation comparison for the right loan to take within minutes, visit the loanspot Africa platform today.

Frequently Asked Questions

The most frequently asked questions around USSD codes for loans in Nigeria include:

What is the code to borrow money online?

There is no one solution fits all code to borrow money online. This is because loans are from different lenders and each lender has its unique code. Therefore, all you need to do is find your lender’s code and make use of it. However, lenders like loanspotafrica do not make use of codes at all as all you need to do is visit their platform and get a loan right away.

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

The exact penalty that follows being unable to pay back at the right time depends on your agreement. Usually, the penalties are stated in the loan terms and conditions and are enacted once there’s a default. Most lenders either increase the interest percentage or sell off collaterals. 

On the bright side, loanspotafrica does not require collateral and doesn’t take brute force in enforcing repayment after the deadline passes. This is why they run a flexible repayment structure that ensures you almost never miss the deadline. 


Using USSD codes to access loans is perfect for when you need quick cash or are looking to avoid the strenuous physical means of getting a loan. They require very little and you should get your loan if you meet all specified requirements in minutes.