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How To Get Loan on Migo (Kwikmoney) By Using USSD

Last updated on August 6th, 2023 at 06:40 am


Formerly as kwikmoney, migo is an automated online moneylender that provides single payment loans through the use of Unstructured Supplementary Service Data (USSD) for those who need urgent money for immediate needs.

  • Interest rate: 15%
  • Hours of work: 24/7

Migo instant loan is granted in less than 120 seconds if you are a first time. If you are a returning customer, in less than 30 seconds you request a loan, your bank account could be credited if the network is okay.

One thing that makes migo loan a step ahead of others is the fact that you don’t have to own an android phone. With any kind of phone, you are good to go.



  • One of the quickest approval loan
  • No collateral
  • No guarantor


  • High-interest rate ((one of the highest)
  • Low maximum loan amount

How To Get Migo Loan

On its official portal, you can follow the process below to get your loan approved

Step 1: Head to migo loan portal

Step 2: Enter your phone number in full and then enter the OTP sent to your mobile phone to verify your identity

Step 3: Once you verify your identity your personalised loan offers will be displayed.

Step 4: Select a loan offer and tenure.

Step 5: Enter the account and bank details you would like to receive your loan into.

Also Read:  Statistics Show Bank Loan Terms, FG Policies Affect Youths Access To Credit Facility in Nigeria

Step 6: Enter your card details to make your repayments as swift and easy as your loan request.

Get loan deposited into your bank account

Migo Loan USSD Code

First register on the platform (Fast and effective). The kwikmoney loan code is designed for everyone irrespective of sophistication of the  phone you are using. Here is the code to dial to get quick loan from migo

Ste 1: Dial *561#

Step 2: Press 1 to take loan (Press 2 to get more information, Press 3 for help)

And follow the instruction

That’s all!

Final thought:

Migo has one of the highest interest rates of a loan in Nigeria. You must be ready to pay as much as 15% interest rate within 15 days.

I don’t think Migo loan is designed for small businesses, rather for those who want to make a quick and urgent financial obligation.

However, Migo has the fastest means of depositing your loan into your bank account less than two minutes of submitting your application. It’s technology-driven even with a USSD code, you can take loan.

If you think this isn’t for you, check out our list of mobile loans apps in Nigeria to pick the one that is suitable for your need.

Have you taken Migo loan before? Share your thoughts with us.

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3 thoughts on “How To Get Loan on Migo (Kwikmoney) By Using USSD”


    I make my repayment since last two days ago but still I’m not eligible for another payroll loan from my fidelity bank account salary account I’m in need of that offer please.

  2. I have been taking loan from migo like twice before of which i never defaulted, that is some months ago.
    But after a time whenever i want to request for a loan the final feedback will be “sorry we cannot offer you a loan right now due to the high demand for migo loan”.

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