How to get a quick migo loan in 5 minutes

How to get a quick migo loan in 5 minutes

How to get a quick migo loan in 5 minutes

quick migo loan lending company is an automated lender that provides loans to both individuals and businesses with no collateral or documentation involved.

To get a quick loan from migo all you have to do is enter your phone number here https://www.migo.money/get-a-loan/;

quick migo loan
quick migo loan

 

ALSO, READ – Criteria for picking an online instant loan app in Nigeria

How can I get a loan from Migo?

  •  enter your phone number here https://www.migo.money/get-a-loan/;
  •  select the loan amount you want
  • Supply account details to receive the loan
  • Supply card details to make repayment easy

Quick migo loan code

You can get a Migo loan by dialing any of these shortcode numbers and carefully follow the instructions there. 

  •  *561# for MTN, 9mobile, and Glo
  • *554*561# for Airtel.

Migo loan USSD shortcode

Here are some good examples of Migo USSD shortcode for people looking for how get quick migo loan.

  • To take a loan, dial *561*1*1*1#
  • To repay your loan, dial *561*1*2#
  • To check your loan balance dial *561*1*3#
  • To extend your loan, dial *561*1*4#
  • For terms and conditions, dial *561*1*5#
  • To recommend a friend, dial *561*1*6#
quick USSD codes to get loan in nigeria
quick USSD codes to get a loan in Nigeria

 

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How do I qualify for a Migo loan?

You can apply for a quick migo loan based on your personal details, The more useful details you can provide the more your chances of getting a quick loan from migo.

List of banks you can get Your quick  Migo loan deposited into:

  • Access Bank
  • Diamond Bank
  • Fidelity Bank
  • First Bank
  • First City Monument Bank (FCMB)
  • Guaranty Trust Bank (GTB)
  • Heritage Bank
  • Skye Bank
  • Stanbic Bank
  • Union Bank
  • United Bank For Africa (UBA)
  • Unity Bank
  • Wema Bank
  • Zenith Bank

How much money can I borrow from Migo? You can borrow as little as N500 and as much as N500,000. You can grow your quick migo loan offer as time goes on by building credit trust with the platform.

 

How do I increase my quick migo loan offers?

The only way you can increase your quick migo loan offer is by paying up your quick migo loan offer on or before the due date.

Repayment of a quick migo loan stands as a reflection of your borrowing behavior, the more you pay back your quick migo loan offer the better chance you have to increase your loan offer in the future.

How do I recommend a friend?

If you are the type that pays your quick migo loan on or before the due date, you are free to recommend a friend:

  1. Visit my.migo.money.
  2. Select “Loans”.
  3. Select the “Recommend a friend” option.
  4. Enter your friend’s number.

Each time you recommend a friend and that friend collect a quick migo loan and repaid back on or before the due date, you have the guarantee that your interest rate on the next loan will be provided at 10%.

 

How do I make a partial repayment?

If you don’t want your quick migo loan offer to be affected, you can pay a partial payment of 30% of the total outstanding quick migo loan amount and extend your loan up to 14 days.

14 days loans can be extended up to 14 days while 30 days loans can be extended up to 30 days.

Visit www.migo.money/repay, select your preferred repayment option

 

How do I pay back my Migo loan?

There are several options you can use to repay back your quick migo loan offer.

Visit www.migo.money/repay and choose the option that best works for you from the list provided there.

 

How do I pay back my Migo loan? (via transfer)

To pay back your quick migo loan with a bank transfer dial:

  •  Dial *561#
  • Select “loans”
  • Select “pay loan”
  • Then select “pay with transfer”
migo loan method of repayment
migo loan method of repayment

A customized account number will be forwarded via SMS to you.

Where you can simply transfer your loan repayment using your bank app or ussd to your unique account number which is only for you.

Please NOTE that this account number can only receive credit towards your Migo loan repayments plan.

 

How do I extend my migo loan?

There are different methods of extending your quick migo loan.

  • You can dial *561# or visit my.migo.money.
  • Select loan, then extend the loan

You can pay the 30% initial payment, and your loan will be extended up to the same duration of time as your original loan.

For example, 14-day loans can be extended up to 14 days while 30-day loans can be extended up to 30 days.

You can repay your quick Migo loan using any valid debit card.

If you previously registered a paying card and would like to change it.

please visit www.my.migo.money and carefully follow the instructions to add a new payment card.

If you lost the line you use in registering your quick migo loan account, you can repay by using the pay with cash option. Please click www.migo.money/repay for details on this payment option.

 

Migo loan interest rate

Migo loan interest rate ranges from 5% to 25%. The interest rate depends on your loan repayment history.

Your migo loan interest rate could reduce while the loan amount increases based on good repayment history, vice versa.

Your interest rates, just like your loan amounts, vary based on your personal information and loan repayment history, and loan term. Interest rates could reduce, while loan amounts increase with good repayment history and vice versa.

You can also get a migo loan with reduced interest rates each time you recommend friends to take a loan and repay.

What happens if I do not pay back my quick Migo loan?

To keep increasing your quick migo loan offers and offering loans to more people, you need to repay your quick migo loans before or when due.

In a situation whereby a customer refuses to repay his or her migo loan on the due date, an additional default fee of (5%).

Instead of paying late, you can protect your loan history by paying partial repayment by extending your loan payment date.

option to extend your loan.

14 days loans can be extended up to 14 days while 30 days loans can be extended up to 30 days.

How do I extend my loan: Visit www.migo.money/repay, select your preferred repayment option.

Migo loan social medial handle and phone number

 

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