Complete List of USSD Codes for Loans in Nigeria (2024)

Last Updated on Mar 12th, 2024

USSD (Unstructured Supplementary Service Data) codes have become a vital part of banking and financial services in Nigeria.

With USSD codes, users can easily access many banking services on their phones. It’s a simple and efficient way. This includes loans.

This technology bypasses the need for internet connectivity. It makes the technology accessible to a wider range of users.

This is especially true in areas with limited internet service. In Nigeria, mobile phone usage is widespread. USSD codes provide a seamless bridge between financial institutions and their customers. They enable quick and easy access to loan services.

In this article, I’ve made a list of USSD codes for loans in Nigeria.

Complete List of USSD Codes for Loan Services in Nigeria 

List of Bank USSD Codes for Loans in Nigeria

BanksUSSD Loan Codes
AB Microfinance Bank*389*755#
Access Bank Plc*901*11#, *426*11#
Accion Microfinance Bank*572*6#
ALAT Loan By Wema Bank*945*100#
Ecobank*326#
First City Monument Bank (FCMB)*329*11#
Fidelity Bank Plc*770*08#
First Bank of Nigeria*894*11#
Guaranty Trust Bank (GTBank)*737*51*51#
Heritage Bank*745#
Keystone Bank*711*144#
Polaris Bank *833*12#
Sharp Sharp Loan Code*5120#
Stanbic IBTC Bank*822*28#
Sterling Bank *822#
SunTrust Bank*523*0#
United Bank for Africa (UBA)*919*28#
Unity Bank*779*951#
Union Bank of Nigeria*826*41#
Zenith Bank *966*11#
Wema Bank*945*65#

List of Mobile Loan Apps USSD Codes

Mobile Loan AppsUSSD Loan Codes
Carbon (Pay later)*130*3#
FairMoney*566*15#
Kwik Cash (Migo)*561#
Lapo*371#
Easemoni*347*334#
Renmoney*723*730*01#
Liberty Assured*347*505#
Paga*242#
Trader Moni*540#
Opay*955#
Palmpay*652#
Zedvance*347*334#
KiaKia*448#
USSD loan codes

List of USSD Codes for Other Loans in Nigeria

Loans USSD Codes for Loans
Airtel Quick Cash*561#
Aledin Nano*903#
Etisalat*561#
Glo Cash*322*1*04225701*Amount#
Interswitch*322#
MTN Cash*606*4#
Payattitude*569#
Quickteller Loan (Airtel, MTN & 9mobile)*322#
Quickteller – Glo Users*805#
USSD loan codes

Recommended: Top 10 loan apps in Nigeria with best interest rates

Benefits of Using USSD Codes to Apply for Loans

1. USSD codes make loan applications incredibly convenient and accessible. Users can apply directly from their mobile phones without needing an internet connection.

2. Using USSD codes for loans ensures quick processing of applications. Once the loan is approved, funds are immediately disbursed.

3. Applying for loans via USSD requires minimal documentation. This streamlines the process by eliminating the need for extensive paperwork.

4. USSD loan services are inclusive and accessible, even in rural or remote areas. They work on basic feature phones and don’t rely on internet connectivity.

5. USSD loan applications offer enhanced security with encrypted transactions and protected personal data.

6. USSD loans often have lower eligibility criteria. This makes them accessible to a broader range of individuals.

How To Apply for Loans With USSD Codes

Here’s how you can apply for your loan using the USSD loan codes:

1. First, decide which lender you want to borrow money from. Different lenders offer varying loan products and terms.

2. Get the functional USSD code for the specific loan provider. This code is usually a combination of numbers starting with * and ending with #.

3. Ensure you meet all specified requirements. These may include having an active account with the bank or providing personal details like your full name, Bank Verification Number (BVN) (You can check your BVN here), account details, and address.

4. Some lenders may require you to register for their USSD service. This could involve providing some personal information and setting up a profile.

5. After dialing the USSD code, follow the on-screen prompts. This might involve selecting the loan amount, tenure, and other relevant details.

6. Once you’ve completed all necessary fields, submit your loan application through the USSD code platform.

7. After submitting your application, wait for the lender to process your request. You will be notified of their decision, which may include approval or rejection of your loan application.

Learn more: 2024 list of bank sort codes in Nigeria

Requirements for Using USSD Codes to Borrow Money

These are the requirements for Using USSD Codes for Loans:

  • Mobile Phone: Must support USSD codes and have a registered mobile number.
  • Bank Account: An active account with the lending institution.
  • Registration: You may need to register for the USSD service.
  • Credit Score: Some lenders may need a certain credit score.
  • Loan Terms: Awareness of the interest rate, repayment period, and any fees.

FAQs

What code is *894*11#?

The USSD code for First Bank of Nigeria is *894*11#. It allows customers to apply for quick loans directly from their mobile phones.

What is the maximum amount of loan that can be accessed through USSD codes?

The maximum loan amount accessible through USSD codes can vary widely. It depends on the lender and the borrower’s eligibility. Some lenders offer amounts up to several million Naira. Others might offer smaller loans.

How long does it take to receive a loan through USSD codes?

Loans obtained via USSD codes are generally disbursed within a few minutes to 24 hours after approval. The disbursement time depends on the lender’s processing time.

Are there any fees associated with accessing loans through USSD codes?

Yes, accessing loans through USSD codes may involve fees. These may include processing fees, interest rates, and possibly other charges. The specific fees depend on the lender and the terms of the loan.

Conclusion

USSD codes are great for fast cash or if you want to skip the hassle of getting a loan in person. They need very little and you should get your loan if you meet all specified requirements in minutes.

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