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USSD Code for Loans in Nigeria | Best Loan With Low Interest Rate

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USSD Code for Loans in Nigeria | Best Loan With Low Interest Rate

According To wikipedia, In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.

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 favourite loan platform.

Not all loans have to go through this arduous process, though. Some loans are actually accessible, and you don’t even have to go to the bank to get them!

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

Table Of Contents

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 *901*11#
Accion Microfinance Bank *572*6#
Airtel Quick Cash *561#
ALAT Loan By Wema Bank *945*100
Aledin Nano *903#
Carbon Paylater *1303#
Ecobank Xpress *326#
Etisalat *561#
Fairmoney *322*2#
FCMB *329#
First Bank First Advance *894*11# or *894#
Glo Cash *322*1*04225701*Amount#
GTBank QuickCredit *737*51*51#
Interswitch *322#
Kwikcash *561#
Migo *561#
MTN Cash *606*4#
Trader Moni *540#
Paga *242#
Payattitude *569#
Quickteller Loan (Airtel, MTN & 9mobile) *322#
Quickteller – Glo Users *805#
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.


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.

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