MTN Nigeria has added another value added services to their existing platform. You can now borrow money from MTN using MTN XtraCash services; I mean real Money just the way you borrow airtime and pay later.
MTN XtraCash is a service that allows eligible customers access short-term Micro Credit loans via a USSD platform from their mobile phones.
How to Apply for MTN XtraCash Service
Eligible customers can request for XtraCash by dialing the USSD code *606# and select XtraCash on the menu. You will then be taken to the next stage where you will then choose the option to apply for the load and thereafter know the tune of amount that you are allowed to borrow. Once your application is successful, your MTN Yello account would be credited in due time.
How Much Can I Borrow From MTN?
You can borrow N5,000 or N10,000 based on eligibility but this is applicable to only MTN customers.
How Do I Receive The Cash?
The Xtracash Loan amount would be credited into customers’ Diamond Yello Account. The MTN Xtracash loan maturity period is 30 days at an interest rate of 15%.
What if I Don’t Have Diamond Yello Account?
Well, the only eligibility is to have MTN Diamond Yello Account which you can easily open by dialing *710#.
Now you can borrow data from MTN using xtrabyte, borrow airtime using xtratime and now borrow money.
Hmmm, this really isn’t bad. I mean, the interest rate isn’t even that bad either. Mtn’s diversification in Nigeria is commendable, really commendable!
Nice one from MTN but I’ll pass. The interest would have been charged at a single digit percent
This is cool ?! ?
Please, I need that of Airtel.
Good but interest is too much. 10 percent would have been a deal
Na wa ooo. Ain’t dey scared of being roped … Mtn has something planned for dem to initiate these extra cash ish. The interest rate go high
The slave is a borrower to the lender. 15% is way too much. I wouldn’t advise anyone to play into mtn’s hand. Ordinary data that you purchased with your own money, they’ll drink everything.
Lolz. Mtn am not borrowing.
Thanks for the info
Nice development
Nice one from them
But am not interested
How do i transfer the money to saving bank account.
This is nice hope our people will not abuse it
of all banks, its diamond bank. I think I’ll pass
Borrowing money from Mtn is like collecting something from the devil
hahahahahahahahahaha… My kidney! #apt
Wetin do ur kidney o?
5k and 10 k only .plus 15% bonus, and wont it require going to diamod bank to complete the registration? Thanks for the information ℹ️. MTN is always MTN
This is good. I may consider it. People complaining here that the interest rate is high, have u checked out others like paylater, quickcheck, kwikcash of etisalat and the others. They charge 30% for a month’s loan. So this is quite fair.
For those who need it, it’s great. However the fear of MTN is the beginning of wisdom!
Believe MTN at your peril they will give you something with right hand and collect it back with the left hand.
Mtn loan my foot! God forbid!
MTN with the best initiative. Nice idea
It’s a nice one but I don’t trust MTN at all…
I don’t trust MTN a bit. They have ulterior motive. Am not borrowing.
Nice one mtn
Boss yomi,I have a laptop here with me,it doesn’t see any phone,pls what could be the cause of dis and how can fix it up
It is driver issue. the phone driver is not installed on your pc. Its simple just
check the usb cable to be sure its not faulty.
Thank you Sir
I have done that…
The usb cable is okay….
But still having the same problem
loan money direct into your account, with 9mobile, GLO and Airtel
How
@JOHN how and is there other info attached
Don’t trust this people just like that, please try and read there TOS before applying for the loan.
Please read the terms and conditions before borrowing.