Feature Phone
USSD Loans in Nigeria - Get Loans Without Smartphone (2025)
The Problem:
You need a loan but don't have a smartphone or reliable internet
The Solution:
Use USSD-based loan services that work on any phone type via simple dial codes
Step-by-Step Guide
1
Understand USSD Loans
USSD loans work through dial codes. You borrow by dialing a code, entering your PIN, and selecting options. Money goes to your linked bank account or mobile wallet.
2
Register Your BVN
Most USSD loan services require BVN linked to your phone number. Visit any bank to register if you haven't.
- BVN registration is free at any bank
- Your phone number must match BVN records
- Dial *565*0# to check your BVN
- Update phone number if changed
3
Choose Your Provider
Options include: dedicated USSD lenders (Migo), bank USSD loans (GTBank, Access), and mobile money loans (MTN MoMo).
4
Complete First Transaction
Dial the code, follow prompts, create a PIN if required, and request your first loan. Start small (₦1,000-₦5,000) to build history.
FAQs
Can I get USSD loan without BVN?
No. BVN is required for identity verification. Register for free at any bank branch.
What if I forget my USSD banking PIN?
Visit your bank branch or call their customer service to reset. Never share your PIN with anyone.
Are USSD loans more expensive than app loans?
Not necessarily. Migo rates are similar to app loans. Bank USSD loans (if you qualify) are often cheaper.
Can I check my loan balance via USSD?
Yes. Each provider has a code to check balance and due date. For Migo: *561*6# then select 'Check Balance'.
Need More Help?
Compare loan options or contact our support team.