How to Easily Get MTN QuickLoan.

The largest telecommunications provider in Ghana, MTN Ghana, and AFB bank collaborated to launch MTN QwikLoan, a Mobile Money lending programme.

Users of the Qwikloan service can benefit from loans totalling up to one thousand Ghana Cedis (GHC 1000) without experiencing too much worry.

Dial the quick loan code and follow the on-screen instructions to complete this from the comfort of your home.

Check out the steps for using your MTN SIM card to get GHC 1000. Read on.

What are the Requirements for MTN qwikloan.

All MTN users have access to the rapid lending service, although not all are qualified for the offer. You must satisfy the following requirements in order to be eligible for an MTN momo loan.

1. You must be an active MTN subscriber.
2. You must be 18 years and above.
3. You must be an active MTN subscriber for the past 90 days or more
4. Your MTN Mobile money wallet must be actively used in transactions for an extended period of time.
5. The applicant must not have an outstanding loan amount to pay.

How to get a more extensive amount

These terms and conditions make it quite apparent that this is simple. To be eligible for larger loan amounts, you must:

• Pay off previous or unpaid loans promptly.
• Utilise your Momo account actively and smoothly for transactions

READ MORE: MTN Midnight Bundle Packages, Prices And How To Subscribe 2022

Steps to apply for this loan

The loan application is quite easy to complete. Once you have satisfied all the prerequisites, apply for the loan by following the instructions below. If you have any inquiries, please post them below.

1. Dial *170#
2. Enter option 5 (Financial Services)
3. Enter option 3 (Loans)
4. Enter option 1 (QWIKLOAN)
5. Enter option 1 (Get loan)
6. Enter your Mobile Money PIN to proceed

A mobile money alert verifying the transfer of the specified amount into your wallet will be sent to you. Now, like a boss, stroll over to any vendor and withdraw your money.

Features of the MTN Quickloan

When one is completely “broke” and needs money to sort themselves out, this loan service is helpful. These qualities describe the rapid loan.

• It is simple and easy to access
• Loan repayment time is a 30-day period
• The minimum loan amount is GHS 50 and the maximum is GHS 1000
• Customers can reapply for the loan after paying outstanding debts.

How to repay your MTN qwikloan

When the time for repayment is due, the loan amount is automatically withdrawn from the borrower’s account. However, by following the instructions below, you can voluntarily pay before the real deadline. It’s easy

• Make sure you have the due amount available for repayment
• Deposit the said amount into your mtn mobile money wallet
• Dial *170#
• Enter option 5 (Financial Services)
• Enter option 3 (Loans)
• Enter option 1 (QWIKLOAN)
• Enter option 2 (Repay loan)
• Enter your Mobile Money PIN to proceed

Take the actions listed above to pay off your mtn qwikloan.

How to meet the requirements for larger loans

One must repeatedly borrow money and make timely repayments in order to be eligible for a large amount through Mountain Qwikloan.

What is the interest rate for repaying an MTN Quickloan?

You pay a 6.9% interest rate on each loan you obtain through QUICK LOAN.