Households and SME Credit Facility; Simply dial these USSD codes to receive your loan

Times are really hard in Nigeria but families and businesses must continue to strive or find a way out.

The Central Bank of Nigeria under the leadership of it’s Governor Godwin Emiefere PhD, has done so well to assist businesses and individuals have access to quick cash whenever they desire or are in need of it.[the_ad_placement id=”main-page-and-post”]

Unlike before when obtaining a bank loan was difficult despite providing the required collateral. The CBN mandated all banks in Nigeria to give loans to their customers without any collateral.

In this article, we have outlined some USSD codes for some of the popular commercial banks and other financial institutions in Nigeria for obtaining a quick loan.


Here are some of the USSD Loan codes for commercial banks and other financial institutions in Nigeria:

1. First Bank of Nigeria (*894*11#).

2. Zenith Bank International (*966*11#).

3. Access Bank [Access More] (*901*11#).

4. Kwik Kash [Migo] (*561#).

5. Quick Teller (*3226#).

6. First City Monument Bank (*329*11#).

7. Eco Bank International (*326*11#).

8. Sterling Bank (*822*11#).

With the codes above you can obtain a micro loan of an amount between N100 to N50,000 depending on the cash flow in your account.[the_ad_placement id=”main-page-and-post”][irp]

Eligibility requirements

For anybody to be able to obtain a micro loan using the USSD codes above, he or she must meet the following requirements:

1. Must be 18 years old and above.

2. Must have an active bank account with his or her bank.

3. Must have a Bank Verification Number (BVN).

4. Must be resident in any state in Nigeria.

5. Must have a phone or SIM card.

The borrower must meet up with the above criteria to be able to obtain a micro loan.

How is the loan disbursed?

How you get your money is not a problem to bother about, because once you have an active bank account with the lending bank, the money will be disbursed to that account automatically.[the_ad_placement id=”main-page-and-post”][irp]

How is the loan repaid?

Repayment is also not a problem. There is a dedicated account for anyone who takes such micro loan. Most of those accounts are opened with Wema or Polaris bank just for that purpose.

Once money enters the account, after a while, you will receive a notification that your loan is either partly paid or fully paid.

If this post is helpful kindly share to inform others.


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