When it comes to fintech companies that offer instant and collateral-free loans in Nigeria, Migo is always among the top players. Although they offer their lending services through various means, the focus of this discussion is on how to access the loan through the USSD code.
Apart from using the code to access loans, the Migo USSD code can also be used to carry out other financial-related transactions, like loan repayment, loan extension, and checking of loan balances, among other functions too numerous to mention. In a nutshell, the code is multi-functional.
Why Migo Loan USSD Code
As an avid user of the Migo platform, it is important to know their loan USSD code so that you can use it to carry out different transactions should the need arise. The code is important to those who want to take a loan from Migo and those who may also wish to conduct another transaction on the platform.
Additionally, the code is also important for Migo customers who may not have access to smartphones. With this code, non-smartphone users can also access the financial services offered by the platform without hitches.
How Migo Loan USSD Code Works
As we noted in the above sections, the code is multi-functional in nature; hence, it can be used to perform various transactions, like taking a loan, loan extension and repayment, checking the loan balance, etc.
The amazing thing about this code is that it works on all the major networks in Nigeria, ranging from MTN, Airtel, GLO, and 9Mobile. So, once you dial the code associated with the transaction you want to perform on your registered phone number, you will be able to perform the transaction of your choice as long as the details of the phone number match your bank details.
Transactions that you can Perform with the USSD Code
There are numerous transactions that you can perform with the Migo loan USSD code. They include:
- Taking out a loan
- Checking the loan balance
- Repaying the loan
- Loan extension
- Checking the Migo loan terms and conditions.
Migo Loan USSD Code
The Migo loan USSD code is *561#. With this root code, you can perform different transactions on the Migo platform. However, to simplify the whole process, you can use the shortcuts outlined below to get the immediate services you need. The shortcuts are:
- The code for taking out loan at Migo is **561*1*1*1#
- The code for loan repayment is **561*1*2#
- The code for checking loan balance is **561*1*3#
- The code for loan extension is *561*1*4#
- The code for checking Migo loan terms and conditions is **561*1*5#
All you need to do is dial the exact code that aligns with the particular transaction you want to perform, follow the prompts, and you’re good to go.
Migo Loan USSD Code Not Working
We know how frustrating it could be when you try to use the loan code but its not working. It is usually disheartening, right? Once you find yourself in such an ugly circumstance, there are a few troubleshooting measures that you can try to determine if you can get it fixed and access the transaction of your choice.
Some of the measures you can try to get it fixed are:
- Restart your device to enable the memory to work better.
- Look for a region or place with better network coverage
- Use another SIM card aside from the one you’ve previously used.
- Finally, contact the Migo customer support unit for assistance if none of the measures mentioned above work.
Migo Code For Loan
The USSD code that you can use to take out a loan from the Migo platform is **561*1*1*1#. Once you dial this code on your phone, you will be able to access a loan from Migo. Just dial it and follow the prompts to access the loan.