Based on research and not influenced
This is based on rigorous research, testing and not influenced by our earning potentials.

USSD Code for Loans in Nigeria: Best Rates for You

USSD code for loans in Nigeria brings a kind of a big deal quick access to borrow money from a financial provider directly on your phone without an internet just by dialing a short code.

With a growing list of USSD code for quick loans in Nigeria, you now have access to several providers that can give you instant loan when you need some urgent funds.

Pockets running dry, we have all been in such situations and the mental state that comes from that is not welcoming.

Having quick access to funds brings a high relief when you need funds to rely on for a short time before you restore your pocket to a better state on a payday.

To resolve your worries for quick money to tackle issues, one of the USSD code for loans in Nigeria gives you the opportunity to access an instant loan by just dialling the respective code.



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List of Valid USSD Code for Loans in Nigeria

Here below is the list of applicable USSD code for loans in Nigeria
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Top USSD Code for Loans in Nigeria

Having access to facilities provided by any of the USSD code for loans in Nigeria institutions demand you to open an account with the provider you chose to access its instant loan.

But that can be cumbersome trying them out, below are the best picks based on different criteria.

Editors’ Pick USSD Code for Loans in Nigeria


4.5 out of 5 stars (4.5 / 5)

  • Open to everyone with a valid BVN
  • Loan topup up to ₦1, 000, 000
  • 100% Cashback on Starter Credit
  • Free credit report
  • Free money transfer to other banks

Among the list of USSD code for loans in Nigeria, this is the top pick when it has to do with the one that gives fund to everyone irrespective of your bank.

So if your bank for instance does not have a facility to enable you to access instant loan using USSD, you can opt to use this provider.

The requirements are basic: your phone number, BVN are primary with a couple of nationally accepted cards for higher know your customer profile.

Quick Picks

  • USSD Code: *1303#
  • Loan Amount: You can get up to ₦1, 000, 000 depending on your credit score
  • Disbursement of funds is instant once approved and it takes a few minutes
  • The loan is repayable within 30 days
  • An interest rate of 5%
  • No penalty fee on late repayments but liquidating your loan on time improves your credit score for a higher instant loan
  • Free charges on your wallet to bank transactions


Best Rate USSD Code for Loans in Nigeria

GTBank Quick Credit

4.5 out of 5 stars (4.5 / 5)

  • Open to everyone with a GTBank account
  • Loan topup up to ₦5, 000, 000
  • Interest rate of 1.33%
  • Can be extended for up to a length of 12 months

At 1.33% interest rate, the GTBank QuickCredit is the has the cheapest fee compared to other USSD code for loans in Nigeria.

The bank itself is known for great service hence, working with them promises a good relationship.

If you are a GTBank customer and have been active for up to 6 months with at least a monthly inflow up to ₦20, 000 (for non-salary earners) or ₦10, 000 net pay for employed individuals, you can access this instant USSD loan.

Quick Picks

  • USSD Code: *737*51*51#
  • Loan Amount: You can get up to ₦5, 000, 000 depending on your credit score
  • Disbursement of funds is instant once approved and it takes a few minutes
  • The loan is repayable within 12 months
  • An interest rate of 1.33% on monthly bases on your loan balance
  • It has a penalty fee of 1% on monthly basis for late repayment (a total of 12% per year). Read full terms.
  • This is only available to GTBank customers hence, you will be required to open an account to access this USSD code for loans in Nigeria

How USSD Code for Loans  in Nigeria Works

Using one of these service providers to borrow money requires no technical know-how.

In order to successfully apply for funds using any of the USSD code for loans in Nigeria, you will only require:

A mobile phone: of course, this is the basic requirement as you will need this to have access to dial the instant loan USSD code

Your provider’s recognised phone number: your mobile number is a unique identifier that grants you access to the financial facility, includes accessing the services available using your respective provider’s USSD code for loan in Nigeria.

This must be the number used to register for banking services like SMS alert and others at the point of creating your account.

If you attempt to dial your provider’s USSD code for an instant loan from a non recognised mobile number, you will either be asked to open an account or refused access entirely until you have created a profile with them.

USSD code for loan: once you have the above, the next thing is knowing the correct USSD code for loan offered by your provider. But if your financial institution does not have a code, you can opt to use any of the providers listed earlier on the table for USSD code for loans in Nigeria. 

A good credit history: no provider wants a situation you have been given the funds and repayment becomes difficult. In order for any financial institution to be sure of your capability for repayment, they check your previous loans or if you do not have any, your monetary inflow to your bank will be considered to determine if you are eligible for a loan or how much maximum you can borrow.


USSD Code for Loan in Nigeria FAQs

What is a Bank USSD Code?

It simply means Unstructured Supplementary Service Data.

This technology brings interactivity to all phone types (with or without internet) by just dialling a unique code which the network provider helps push to the bank or your financial institution to process and give you a response based on the code you have supplied.

With it, you can access financial services like airtime, bill payments, loans, mini account statements and more services that does not require an in-branch presence.

How Long will it take to receive a USSD Code for Loan in Nigeria?

This usually takes a few minutes as the facility is meant to be instant. 

Can I Check my Loan Balance Using the USSD Code?

Some of the providers have a feature on their USSD code for loan that enables you to check your outstanding repayment balance.

What is the Maximum Amount I can get Using any of the instant loan USSD code?

The maximum limit depends on the institution but note, your credit history plays a key role to be eligible for higher amounts.

Is Loan through USSD only for Salary Earners?

No. You can as well borrow money using a USSD in Nigeria if you are currently unemployed.

What Should I do if my Provider or Bank is not allowing me to access the loan?

You can try other providers that accept everyone irrespective of bank or simply reach out to the customer support centre of your bank or provider.

Happiness Crew
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