USSD Code to apply for salary advance and Payday Loans in Nigeria Banks

There may be times when you require additional financial assistance in the form of short term loans that can help you improve your current situation. If you are a salaried employee of a reputable private company, a government parasite, or self-employed, you may be eligible for a loan.

Most banks in Nigeria will require you to open an account prior to applying for or disbursing the payday loan. All you need to do is complete a brief application form via USSD (Unstructured Supplementary Service Data).
If you do not already have an account, please visit your nearest Bank branch to obtain a debit card and submit the necessary documentation to open one.

Additionally, read:Criteria and Procedures for Obtaining Loans From Microfinance Banks in Nigeria


To open a bank account in Nigeria, you must provide the following documents:

1. A valid government-issued identification (ID) card, such as a passport, a driver’s license, or a national identification card.

2. Recently received utility bill

3. Photograph of the passport holder

4. Account opening form or by using the ussd code


Payday loans are a type of instant digital loan that is targeted at salaried individuals who meet the bank’s risk acceptance criteria (RAC). Payday loans are a type of short-term borrowing in which a lender extends credit at a high rate of interest based on your income. Typically, the loan is due on your next payday.

Payday lenders will verify your income and salary account information and deliver cash immediately at a store or as early as the same day if the transaction is made in USD.


Supplementary Service That Is Not Structured Data is a process that enables users who do not have a smartphone or access to data/internet to bank via USSD mobile banking… This can be used for a variety of purposes, including fund transfers, purchasing airtime, checking account balances, generating bank statements, and applying for loans.

When is the PayDay Loan due?

Your PayDay Loan must be repaid within 30 days of the date the loan was taken, whichever comes first (whichever comes first). The loan amount will then be deducted from your salary account automatically.

Additionally, read: What is the difference between a line of credit, a loan, and home equity?


You can submit an application for a payday loan in one of the following ways:

1. Dial your bank’s USSD code.

2. RapidBucks

3. Download the mobile app from Google Play or the Apple App Store.

4. Alternatively, click here to access the online website.


By dialing the following code, you can apply for a payday loan in Nigeria.

1. Bank AB Microfinance—–*389*755#

2. Payday Loan from Access Bank — *901*11#

——*572*6# Accion Microfinance Bank

4.Airtel Quick Cash — — — — — — — — — — — —

5.Wema Bank’s ALAT Loan—*945*100


7.Loan Against Carbon—*1303#

8.Ecobank Xpress — — — — — — — — — — — —


10 Loan from Fairmoney—-*322*2#

FCMB—-*329# 11

12.The First Bank Advance


Glo Cash — -*322*1*04225701*Amount#

14.QuickCredit Soft Loan from GTBank —-*737*51*51#



17.Loan from Migo—–*561#

18.MTN Cash — — — — — — — — — — — — —

19.Commercial Moni——*540#



22. Paylater USSD Code — — — — — — — — — — — — —

23.Quickteller Loan—– (Airtel, MTN, and 9mobile)

Quickteller —–*805# —–*805# —–*805# —–*805# —–*805#

—-*919# —-*919# —-*919# —-*919# —-*9

26.Unity Bank Loan Code — — — — — — — — — — — — —

27.Loan from Zenith Bank—-*966#

28.Polaris Cash Advance — *833*12#

29.Code for Heritage Bank Loans —*322#

30. Loan code for Keystone Bank —-*533#

31.Loan code for Union Bank —-*826#

32.code for sterling bank loans—*822#

33. Loan code for Wema Bank —*945#

34.Code for Fidelity Bank Loans –*770#

35. Loan code for Unity Bank—–*7799#

Payday Loan Frequently Asked Questions

How am I going to repay my PayDay loan?

The borrowed payday loan amount will be deducted from your next salary payment at the source, which means the funds will be deducted from your paycheck before it reaches your account.

Additionally, you may be interested in: Gtbank Quick Credit for Payday Loans and Small Businesses: Requirements and Application

How long is the PayDay Loan?

The loan period is 30 days, or until your next salary payment is received, whichever occurs first.

What are the PayDay Loan rates/fees?

PayDay Loans have a 5% interest rate. Other fees include a 1% management fee and a 0.3 percent credit life insurance premium, both of which are collected upfront.

How much money can I obtain through a PayDay Loan?

The maximum amount you can borrow (i.e. the eligible amount) is 75% of your monthly salary, less any outstanding loans with the Bank, subject to a 500,000 disbursement cap. When you apply for the loan, your eligibility is displayed.

How to Apply for a Salary Advance/Payday Loan from Access Bank

Who is ineligible to apply for a payday loan

Any of the following will affect your eligibility:

If you owe any money to your bank or to any other banks.

If you submit an application using a phone number that is not associated with your BVN.

If there is no evidence that you were paid in the previous month’s salary.

If you have previously taken digital loans and exceeded your available credit limit.

If you already have a loan and the monthly payment exceeds your eligible amount.

Is there a penalty for defaulting on the loan?

Customers who are 31 days past due on their loan will be charged a monthly penalty of 1%.

What happens if my account is not funded on the due date for repayment?

The payday loan amount will be deducted from the customer’s available funds. If the loan is past due, it will be deducted from any account associated with your BVN.


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