USSD Code for Loans in Nigeria


Years ago, it was not so easy to apply for a mortgage with financial institutions or other authorized money lenders. This is because a lot of administrative work has to be done. For instance, getting a mortgage in some banks will require you to open a bank account with them, complete an application form and wait for your loan to be approved.

Well, guess what? That long and challenging process is now a thing of the past. Digitization has made the cash process very easy, fast, and convenient. In the comfort of your home, you can apply for a loan and wait a few minutes to get approved. Once approved, the amount you are asking for will be credited to you immediately.

However, one of the quickest ways to apply for a mortgage is through the USSD code. In a short time, you will be able to complete the lending process. Let’s say within 20 minutes.  Looks pretty interesting, doesn’t it? Take part in our discussion and discover the different USSD codes for lending in Nigeria. However, some of you may be unfamiliar with the USSD code. Don’t worry, we’ll tell you a little bit about this code before we continue.

What a USSD Code is All About

The acronym above stands for ‘Unstructured Supplementary Service Data. Some people call it fast-tracking. It is a set of numbers used to access options via mobile telecommunications networks. The code may seem technical at first, but when you understand how it works, it will then become simple to use. To use an effective USSD code, dial a number starting with* and ending with #.

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The USSD code is one of the best communication technology tools that offer low-income clients free and easy mobile financial services.  It does not require any Internet connection and you can perform a variety of operations such as mobile money, reminder service, content, information, network setup, and much more for free.

Institutions You May Get a Loan Using USSD Code.

There are several financial institutions in which you can lend money with the USSD code. These include the bank, network providers, micro-finance and other lenders. Each one of them has its code to claim a credit. Keep reading, you will find out soon.

The Bank’s USSD Code to Request a Loan

The chart below contains the USSD codes for requesting credits from commercial and microfinance banks in Nigeria. Use them and make a mortgage application every time you need it.

Name of bank USSD Code
Eco bank express *326#
First bank first advance *894*11# or *894#
AB microfinance bank *389*755#
Access bank payday loan

Zenith bank



UBA *919#
Unity bank *7799#
FCMB *329#
GT bank soft loan *737*51*51#
Interswitch *322#
Accion Microfinance bank *572*6#
Wema Bank ALAT loan *945*100#


USSD Codes to Request Loan from other Financial Organizations

Quickteller loan (*322# for MTN, Airtel, and 9mobile) (*805# for Glo)
Trader Moni *540#
Migo loan *561#
Pay later *1303#
Paga *242#
Carbon loan *1303#
Aledin Nano *903#
Kwikcash *561#
Payattitude *569#
Fairmoney loan *322*2#


USSD to Request Loans from Network Providers


Network Providers USSD Code
MTN cash *606*4#
GLO cash *322*1#
Etisalat *561#
Airtel quick cash *561#


Do You Need Credentials To Claim a Credit Using The USSD Code?

Oh yes, you will need to hold certain documents to access certain mortgages using the quick code. If you are requesting an instant credit from private lenders that you do not hold an account with them, you will be demanded to provide your full name, BVN number, address, bank account, and other relevant documents.

For banks and network providers with which you already have an account, you do not need to provide supporting documentation. Just register to begin lending. Don’t worry; the enrollment process is not long, so it won’t take a lot of your time.

Procedures to Request a Loan Using the USSD Code

As mentioned above, getting a mortgage using the quick code is fairly straightforward. But before you start the process, you must do some digging into the lender. Know the credit profit rate, the repayment period, cash cap, and terms. When you have finished the research and are certified with their conditions, you can start the process.

Use your favorite lender’s USSD code and register first. Remember that if you request a mortgage from the bank or network provider, you do not need to register. You only enroll if you are requesting a loan from microfinance or other lenders.

Dial The Code Assigned to Request a Loan And Proceed

Now, follow the command prompt that will appear on your screen. Instructions can vary depending on which lender you are applying to, so take note.

After following the command prompt, you wait for the approval. This will take some minutes, so exercise patience.

In case of success, you will receive an instant credit alert. But some lenders like the bank will require you to go to the bank and get your loan back, but that’s not often though.

Is the USSD Code Service for Free?

That’s a great question to ask, and we’ll give you a clear answer. Using the USSD code to request mortgages from banks, telecom providers, and other private lenders is free. You will not be charged on your balance for the usage of this service.

Furthermore, you can use any SIM card and request a credit using the quick code. Never mind if you use MTN, Glo, Airtel, or Etisalat.

Can I Refund a Loan With the USSD Code?

It is not possible to repay your mortgage using the USSD code. Other methods of refund are available. Perhaps in our discussion later, we’ll talk about that. But right now, that’s not our primary objective.


At some point, you may be in a difficult position where you will have no option but to urgently borrow money, either from a private or government lender. For some, they want to finance their education, others, their education, health, and so onward. So, if you are looking for a faster way to obtain a loan, then you should consider using the USSD code.


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