Migo loan is a cloud-based money lending platform that provides people with the opportunity to sort out their financial needs.
Asides from giving loan to individuals, Migo loan also helps individuals pay certain bills like electricity and health insurance.
They also offer overdraft to their customers that want to purchase a product or pay for a need on Flutterwave and nairabox.
Migo Loan Requirements
1. Bank account (The bank account number dropped must be used actively 90 days before loan application)
2. Bank Verification Number (BVN)
3. Functional phone number (The phone number dropped must be used actively 90 days before the loan application)
4. Must be 18 years or above
5. Must have a functional bank account with First Bank, Access Bank, Diamond Bank, First City Monument Bank (FCMB), United Bank For Africa (UBA), Stanbic Bank, Wema Bank, Zenith Bank, Guaranty Trust Bank (GTB), Polaris Bank, Fidelity Bank, Heritage Bank, Union Bank, Unity Bank
How To Get Loan From Migo
To get a loan from Migo, you first need to set up an account with Migo.
Follow the steps mentioned below to create a Migo account:
1. Click here to visit Migo loan web page and click get a loan
2. Enter your phone number and tick the reCaptcha box to verify you’re human
3. Click log in
4. Enter the verification code sent to your phone number
5. Click verify and your account is set
After your Migo account is successfully created, you can now proceed to request a loan.
There are three (3) different ways you can request a loan from Migo and they are:
1. USSD code
2. Migo website
3. Quickteller (Third party app)
USSD Code:
The USSD code for taking a loan from Migo is *561#, follow the steps mentioned below:
1. Dial *561#
2. Enter 1 to select the loan option
3. Enter 1 to select cash loan
4. Select from the available option your desired amount of loan and your bank account will be credited with your loan amount
Website:
1. Click here to visit Migo website
2. Click the get a loan button positioned at the top right of your screen
3. Enter your phone number and tick the reCaptcha box to verify you’re human
4. Click log in
5. Enter the 6 digit verification code sent to your phone as an SMS
6. Click verify
7. Make your choice from the loan offer made available for you
8. Enter the bank account number you’ll like to credit
9. Expect your requested loan amount in the bank account you provided in 2 to 5 minutes
Quickteller:
Asides from being a payment service platform, Quickteller also has Migo loan integrated on their platform.
Simply put, you can request a loan from Migo on your Quickteller mobile app or website.
To make your request on their website, click here and for mobile app, simply visit Quickteller mobile app.
Follow the steps mentioned below to start your loan application on Migo:
1. Visit Quickteller mobile app or click here to visit their website
2. Locate the loan button and click on it
3. Click on request loan
4. Locate Migo loan (NB: You will be presented with a maximum amount of loan you can take and this is provided based on your financial transactions with Quickteller)
5. Choose your preferred loan amount
6. Select the account you will like to be credited
7. Verify the account
8. Click submit and your loan will be in your bank account in 2 to 5 minutes
How To Repay Migo Loan
Repaying your loan from Migo is quite easy. There are six (6) different means to do that and they are:
1. Bank transfer
2. Card
3. USSD code
4. Cash
5. ATM
6. Quickteller
Bank transfer:
Follow the steps mentioned below to repay your loan via bank transfer:
1. Click here to visit Migo website
2. Enter your phone number
3. Click pay my loan
4. Tick the reCaptcha box to verify you’re human
5. Click log in
6. Enter the verification code sent to your phone number
7. Click verify
8. Click pay loan
9. Select bank transfer
10. Select your bank account name
11. Tap the button below your bank account name
Card:
Follow the steps mentioned below to repay your loan on Migo website;
1. Click here to visit Migo website
2. Enter your phone number
3. Click pay my loan
4. Tick the reCaptcha box to verify you’re human
5. Click log in
6. Enter the verification code sent to your phone number
7. Click verify
8. Click pay loan
9. Select pay with card
10. Select your preferred saved payment card or click add card to add a new card
11. Confirm your payment with your card pin
USSD code:
Follow the steps mentioned below to repay your loan via USSD code:
1. Dial *561#
2. Select loan
3. Select pay loan
4. Choose pay with phone
5. Select add card
6. Confirm your payment with your card pin
Cash:
You can visit either Access Bank, Fidelity Bank, Guaranty Trust Bank, Keystone Bank, Sterling Bank, United Bank of Africa (UBA) or Wema Bank to repay your Migo loan.
Visit any of the banks mentioned above and tell them you’ll like to make a Migo payment using PayDirect.
The phone number you used in applying for the loan will be asked for.
ATM:
Follow the steps mentioned below to repay your loan via ATM:
1. Visit any ATM operated by one of the banks mentioned above
2. Insert your ATM card
3. Select Quickteller
4. Choose pay bills
5. Select others
6. Enter “04354101” as the biller code
7. Enter the phone number you used in requesting the loan from Migo
8. Enter your pin
NB: this repayment method will attract a processing fee charge of N500.
Quickteller:
Repaying your Migo loan on Quickteller can be done via two (2) different means which are Quickteller mobile app or website.
For both, you need to log in to your Quickteller account. Follow the steps mentioned below:
1. Log into your Quickteller account
2. Locate loan and click on it
3. Under the active section, you can find your unpaid loan, click on it
4. Click repay loan
5. Select your preferred card
6. Select account type
7. Enter the card expiry date
8. Enter card CVV number
9. Enter card pin
10. Click pay
How to extend your Migo loan?
Follow the steps mentioned below to extend your Migo loan:
1. Dial *561#
2. Select loan
3. Choose extend loan
4. Select confirm
Answering Your Migo Loan Related Question
Question: Do I need collateral to get a loan from Migo?
Answer: No, you do not need collateral to get a loan from Migo
Question: What is Migo customer care number and email address
Answer: Migo customer care number is +23417002274 while their email address is support@migo.money
Question: Do I need to visit the bank to get a loan from Migo?
Answer: No, you don’t need to visit the bank to get a loan from Migo. You just have to apply on their website, via USSD code or a third-party app like Quickteller.
Question: How much loan can I get from Migo?
Answer: Migo loan amount varies, it ranges from N500 to N500,000 and it increases based on your financial transaction with Migo.
Question: Where is Migo office address?
Answer: Migo head office is located at Ayo Adebanjo, Lekki Phase 1, Lekki, Lagos, Nigeria.
Originally posted on April 29, 2021 @ 5:43 pm
I have this after clear my migo loan.
But it is still showing that im owing
What do I do.