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Migo: Get a loan in 3 easy steps or Buy Now And Pay Later

migo loan buy now and pay later
migo loan buy now and pay later

Introduction

Things are rough in Nigeria, Yes, Things are extremely hard in this country called Nigeria. It seems to me like everyone is crying over the economic crisis over here.

People who can’t bear the economic hardship have flew to other countries in search of greener pastures, those left behind are in the quest of finding funds to implement their business ideas or mostly to help them survive.

With that being said, the inception of technology has given birth to Mobile Loan Apps In Nigeria with swift loan approval intending to curb the struggle of the ordinary citizen of these countries. The likes of Branch LoanFairMoneyTala LoanBlocka CashAella Loan among others are all mobile loan apps in Nigeria.

In this article, we shall talk about an Instant Mobile Loan App In Nigeria, Migo Loan – Without further ado, let’s get started!

What is Migo Loan?

Migo is a fintech lending platform that enables companies to extend credit to consumers and small businesses in their own apps.

How do I get loan from Migo?

You get migo loan in 3 easy steps, which are:

1. Enter and Verify your phone number – visit the link below to execute that.

https://www.migo.money/get-a-loan/

2. Choose the best fitting loan offer

3. Add your banking information to receive your loan.

It’s advisable you add your card to make repayments easy.

Quick codes for Migo Loan

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.

Some Migo loan USSD shortcodes

Below are some Migo loan USSD shortcodes for people who wants to access migo’s swift loan approval in Nigeria.

  1. To take a loan, dial *561*1*1*1#
  2. To repay your loan, dial *561*1*2#
  3. To check your loan balance dial *561*1*3#
  4. To extend your loan, dial *561*1*4#
  5. For terms and conditions, dial *561*1*5#
  6. To recommend a friend, dial *561*1*6#

Who is eligible For Migo loan?

Based oon the personal information you provided,a loan offer will be given to you. Ostensibly, everyone is eligi for this loan, but migo takes final decision.

Which Bank can I use for Migo loan?

Below are 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?

With Migo, You can borrow as little as N500 and as much as N500,000. However, You can grow your quick migo loan offer as time goes on by building credit trust with them by paying your loan on time.

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%.

Can 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 repay 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 repay 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”

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.

Pay now and Pay Later With Migo

To buy appliances with Migo and pay later, Visit here

https://www.migo.ng/consumer/pay-with-migo

Migo works with about four merchants where you can literally picks anything up and pay in installments.

The merchants migo’s works with are:-

Migo loan social medial handle and phone number

Facebook (Click Here)

Twitter (Click Here)

Instagram (Click Here)

YouTube (Click Here)

LinkedIn (Click Here)

Conclusion

That is how hassle-free it is to get a loan from Nigerians top lending app Migo and buy now and pay later. I really hope this article about migo Loan and hire purchase App was helpful to you.

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Source: Supremoweb.net

Born Frank Osei Nyarko, Prominently known as Supremo DM - Online Whizz! I'm somewhere between "CRISP" and "Shut the F*ck Up"! LIFE IS TOO SHORT FOR A LONG STORY. #ActionOnly! Visit "Contact Me" page if you want to…

What's your reaction?

2 Comments

  1. Tsume Saanyol Samuel says:

    You people load me some money, and the payment is due, am trying all the method even went to the Bank, but could not make any payment. But if this exceeded to day, am not going to pay the money!!!!

  2. Tsume Saanyol Samuel says:

    YOU people load me some money and the payment is due to pay the money and you people didn’t allow me to pay it why

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