Anyone in Nigeria that is in need of an urgent loan but don’t have a smartphone or internet connection can apply for Migo loan from his GSM cellphone by dialing the Migo USSD code.
Prospective customers shouldn’t worry about whether they will be able to gain access to Migo loan with the mobile network service they are subscribed to. Migo has only one USSD code for MTN, Glo, 9Mobile, etc.
If you dial the Migo USSD, it will take you to a list of three items:
To apply for a loan, you are required to choose 1 and press send. A new list will appear from where you can choose the type of loan, check your loan balance or read Migo loan service terms and conditions.
You will need the Migo loan repayment code if your intention is to pay an existing loan. Migo USSD code for loan repayment is *554*561#.
Though many Nigerians do get loans instantly from Migo, choosing 1 or 2 to get a loan may elicit a message asking you to wait until loan is available.
You get this kind of response because of the backlog of loan applications due to very high demand for instant small loans in Nigeria. New mobile loan service providers are springing up everyday but filling the gap is difficult because of rapid increase in demand, as more people in Nigeria are becoming aware of mobile loan services.