Do you know you can get loans in no less than 5mins? Yes! You can get instant loans online faster. Migo loan offers instant loans to its customers to meet their needs. You do not need any paperwork to apply for the loan. With your mobile, you can get your desired amount quickly and easily. Plus, you get funds in a few mins with low interest and without collateral.
Get all the information you need about the Migo loan below, and learn how you can apply for instant loans. No delay.
What is a Migo loan?
Migo loan is a platform where users can get fast loans to meet their needs. It allows users to get funds for their business or personal interest. With about 1 million clients, the platform yet maintains its satisfactory services. New customers can get a loan of about N50,000 without collateral on the Migo loan site.
Additionally, Migo increases economic access by granting credit to groups with typical credit bureaus, frequently giving low-income clients chances that can change their lives. The San Francisco-based company Migo is now active in Nigeria and Brazil.
Is Migo Loan legit?
Migo is a legit site with backup from the CBN. You access loans via the platform without issues. Also, every arrangement made by Migo Loan is guaranteed to be legal. So, the Federal Republic of Nigeria’s laws controls and apply to such agreements. It is always a secure platform to do your transactions.
Migo Loan Interest Rate
Interest rates on Migo are variable. They offer interest rates that range between 5% and 25%. The rate depends on the loan’s repayment history and length.
When consumers have a solid repayment history, interest rates may drop while loan amounts rise.
Migo Login / Sign up
You can access loans in just a few mins on Migo. First, you sign up to get a license or log in if you already have an account with Migo. Take the simple process to sign up:
- Visit the Migo site
- Click on get a loan
- Put the valid phone number you wish to register with
- Submit.
For Migo loan login:
- Visit the official site
- Click on get started
- Put in your registered number
- Confirm you are not a bot
- Click on login
There will be an additional verification step on the following page to protect the security of your personal information.
Migo Loan requirements
As a consumer, all the need to be competent for the loan is to meet the Migo conditions. Check the requirements below:
- An active BVN
- An active Bank account.
- A valid phone number.
- You must be at least 18 years and above.
- The phone number must have been working for 90 days
- The account number must have been active for 90 days
How To Apply for The Migo loan
Apply for loans and receive funds in a few mins. The application is much easier and swift.
Follow these simple steps to apply:
- Go to the official website
- Click on get a loan
- Enter your phone number and confirm
- Select the loan offer that suits you
- Put in Your banking details
Migo Loan Extension
You can extend your loan offer with the Migo loan. The process is easy. Take these steps for your loan extension:
- You can log into your account with your mobile number at Repay a Loan or Dial *561#
- Choose Loans
- Go to Extend Loan
Migo loan repayment
Follow these procedures to repay your loan:
- From any mobile phone, dial *561#.
- Click on ‘Loans’
- Visit the ‘Pay Loan’ page.
- Click on the ‘pay with phone option from the list of payment methods.
- Click on ‘add card’ and follow the instructions to register a card.
- Verify payment, and you will receive a verification message for your repayment.
What happens if you don’t pay back the loan
We ask that you return your loans as soon as they are due. It will help to increase your loan offers and provide loans to other people. You will face additional default fines if you regrettably fail to repay your loan by the deadline.
Migo loan customer care
The Migo customer service is always available 24/7. For support, you can contact Migo via:
e-mail: support@migo.money
+234(0)17002274, +2349087792933
Migo USSD codes
You can use USSD menu shortcuts by including your menu selections in the code you dial to avoid making numerous screen selections. Here are a few instances:
- *561*1*1*1# Take out a loan
- *561*1*2# Repay a loan
- *561*1*3# Check loan balance
- *561*1*4# Extend your loan
- *561*1*5# Terms and conditions
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