USSD Code for Loans in Nigeria 2023: Fast, Easy, and Secure

banking loan application code

In today’s fast-paced world, obtaining a loan can be a cumbersome process. The traditional methods often involve visiting a bank or loan office, which can be time-consuming and stressful.

However, in Nigeria, there’s a quicker and more convenient way to borrow money – through USSD codes.

In this comprehensive guide, we’ll delve into the world of USSD banking and provide you with a detailed list of USSD codes for loans in Nigeria in 2023. Read on to discover how you can access instant loans of up to ₦495k with just a few taps on your mobile phone.

What Is USSD Banking?

Unstructured Supplementary Service Data (USSD) banking is a revolutionary way to conduct banking transactions without the need for an internet connection. It allows you to perform various financial activities by simply dialing a short code on your mobile phone.

To engage in USSD banking, you need to link your bank account to your mobile telephone number. Registration can be easily done using your bank’s debit card and Biometric Verification Number (BVN), all from the comfort of your own home.

The USSD Banking Process

Each bank in Nigeria has its unique USSD code for specific types of transactions. To start using USSD banking, you must dial your bank’s USSD code. The bank’s system will then guide you through a series of options on your phone screen, where you can choose the transaction you wish to perform.

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Some transactions may require additional information, such as your BVN, Personal Identification Number (PIN), or the four-digit number on the back of your ATM card to confirm the authenticity of the transaction. If you encounter any difficulties, you can always reach out to your bank’s customer service for assistance.

The Do’s of USSD Banking

When using USSD banking, there are several important do’s to keep in mind:

1. Ensure your phone is adequately charged to prevent interruptions during transactions.
2. Double-check the recipient’s account number before transferring funds or making bill payments.
3. Wait for a confirmation text from your bank after completing a transaction to ensure it was successful.
4. In the absence of a confirmation message and a debit to your account, contact your bank immediately to resolve the issue.
5. If you’ve made a transfer, verify with the recipient that they’ve received the funds. If not, contact your bank for assistance.

The Don’ts of USSD Banking

To ensure a safe and successful USSD banking experience, avoid the following:

1. Never share your PIN or BVN with third parties to protect your personal information.
2. Do not repeat a transaction that was delayed or interrupted by a network issue, as it may have already been processed. Wait for notification before taking any further action.

Borrowing a Loan with USSD Code

One of the most significant advantages of USSD banking in Nigeria is the ability to access loans quickly and conveniently. To borrow a loan using USSD, follow these steps:


1. Sign up with your preferred loan app or company.
2. Provide your full name, BVN, email address, and residential address during the registration process.
3. Share your bank account number with the loan provider.
4. Obtain the USSD code for the specific loan provider you’ve chosen.
5. Familiarize yourself with the loan’s terms and conditions, including the repayment terms.
6. Dial the USSD code provided by the loan provider to initiate the loan application process.
7. Ensure you meet the payment due date to avoid online sanctions.

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USSD Codes for Loans in Nigeria

Now, let’s get to the heart of the matter – the USSD codes for loans in Nigeria. Below is a comprehensive list of USSD codes from various financial institutions and service providers that offer loan services in Nigeria:

– AB Microfinance Bank: *389*755#
– Access Bank: *901*11#
– Accion Microfinance Bank: *572*6#
– Airtel Quick Cash: *561#
– ALAT by Wema Bank: *945*100#
– Aledin Nano: *903#
– Carbon: *1303#
– Ecobank Xpress: *326#
– 9mobile: *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#
– Paylater: *1303#
– Quickteller (Airtel, MTN, and 9mobile): *322#
– Quickteller (Glo Users): *805#
– UBA: *919#
– Unity Bank: *7799#
– Zenith Bank: *966#

Please note that the short code for borrowing a loan may vary depending on the specific financial institution or service provider you choose.

It’s essential to contact your chosen provider directly to obtain accurate and up-to-date information on the USSD code for loan borrowing. Additionally, carefully review the loan terms, interest rates, and associated fees to make informed borrowing decisions.


USSD banking has revolutionized the way Nigerians access financial services, including loans. With the convenience of USSD codes, you can borrow money quickly and easily, often with minimal collateral requirements.

However, responsible borrowing is key to maintaining financial stability, so always ensure you understand the terms and conditions of the loan before proceeding. By following the guidelines and using the provided USSD codes, you can access loans in Nigeria with ease and convenience in 2023.

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Don’t hesitate to explore this modern banking solution to meet your financial needs.

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