Home CBN Loan Updated List of USSD Codes for Loans in Nigeria (2024)

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

USSD codes have become a revolutionary means of accessing financial services in Nigeria. From checking account balances to transferring funds, these codes have extended their functionality to include loans. In this article, we’ll explore the list of USSD codes for loans in Nigeria, providing a comprehensive guide for those seeking quick and convenient financial assistance.

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

Mobile Loan Apps USSD Codes for Loans in Nigeria

Mobile Loan AppsUSSD Loan Codes
Carbon (Pay later)*130*3#
Kwik Cash (Migo)*561#
Liberty Assured*347*505#
Trader Moni*540#

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#
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#
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#

USSD Codes for Other Loans in Nigeria

LoansUSSD Codes for Loans
Airtel Quick Cash*561#
Aledin Nano*903#
Glo Cash*322*1*04225701*Amount#
MTN Cash*606*4#
Quickteller Loan (Airtel, MTN & 9mobile)*322#
Quickteller: Glo Users*805#

How to Use USSD Codes to Apply for Loans

Here’s how to use the USSD loan codes to apply for a loan:

  1. Determine which lender you want to borrow money from first. Different lenders provide different loan options and terms.
  2. Obtain the working USSD code for the specified loan provider. This code is typically a string of numbers beginning with * and ending with #.
  3. Ensure that you meet all of the standards. These may include having an active bank account or supplying personal information such as your full name, Bank Verification Number (BVN) (you can check your BVN here), account information, and address.
  4. You may be required to register for some lenders’ USSD services. This may entail submitting some personal information and creating a profile.
  5. After entering the USSD code, follow the on-screen instructions. This could include deciding on the loan amount, term, and other important aspects.
  6. Once you’ve filled out all of the required fields, submit your loan application via the USSD code platform.
  7. Once you’ve submitted your application, wait for the lender to process it. Your loan application will be approved or rejected, and you will be notified of their decision.
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Requirements for Borrowing Money with USSD Codes

The following are the prerequisites for using USSD codes for loans:

  • Mobile Phone: Must be capable of receiving USSD codes and have a registered mobile number.
  • A bank account is a current account with a lending institution.
  • You may be required to register for the USSD service.
  • Credit Score: Some lenders may need a minimum credit score.
  • Loan Conditions: Understand the interest rate, repayment period, and any costs.

The Advantages of Using USSD Codes to Apply for Loans

  1. USSD codes make loan applications extremely simple and convenient. Users can apply immediately from their mobile phones without needing to connect to the internet.
  2. Using USSD codes for loans ensures that applications are processed quickly. Funds are disbursed promptly after the loan is authorized.
  3. Loan applications using USSD require minimum documentation. This speeds up the procedure by removing the need for significant paperwork.
  4. Even in rural or isolated places, USSD lending services are inclusive and accessible. They operate on basic feature phones and do not require internet access.
  5. With encrypted transactions and secured personal data, USSD loan applications provide increased security.
  6. USSD loans frequently have fewer eligibility requirements. This makes them more accessible to a broader group of people.
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Frequently Asked Questions (FAQs)

What is the maximum loan amount through USSD codes?

The maximum loan amount may vary depending on the bank and the type of loan. It’s recommended to check with your specific bank for detailed information on loan limits.

How secure are USSD code transactions for loans?

USSD code transactions are designed with security in mind. However, users should take precautions such as not sharing their codes and regularly monitoring their accounts for any suspicious activities.

Are USSD codes available for business loans?

Yes, many banks provide USSD codes for business loans. Check with your bank for specific codes and details related to business loan transactions.

How quickly can I expect loan approval through USSD codes?

USSD code loans are known for their quick approval processes. In many cases, users can receive approval and disbursement of funds within a short timeframe, often within minutes of application.



In conclusion, the list of USSD codes for loans in Nigeria represents a significant leap towards financial inclusivity. The convenience, accessibility, and speed offered by USSD codes have transformed the borrowing experience for many individuals. As technology continues to advance, we can anticipate even more innovative solutions in the realm of USSD code loans, further empowering individuals to meet their financial needs.

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