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Saturday, June 12, 2021

MTN Xpress Loan: Get GHS 1000 from MTN with easy application and quick approval

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Telecommunications giant, MTN Ghana has launched a new loan service for MTN Mobile Money Subscribers across the country. This new loan service operates like the MTN Ahomka loan.

What is MTN Xpress Loan

MTN Xpress Loan is a new lending service offered by MTN, that provides quick, affordable, and simple loans to MTN customers in Ghana to help them meet their immediate financial needs.

Features of MTN Xpress Loan

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The loan is simple and easy to applyLoan repayment term is 30 days

Minimum loan is GHS 50 with the maximum being GHC 1000 Customers can have one loan at a time and can only apply for a new one after paying the existing loan.

Requirements for MTN Xpress Loan

Qualifying for the new lending service depends on how frequent you transact via MTN Mobile Money as well as airtime usage. This involves performing frequent transactions such as deposits, transfers, purchasing airtime etc.

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Below are the things you need before you can access the MTN Ahomka Loan on your Mobile Money platform.

  1. Applicant must be 18 years and above.
  2. Applicant must be an active MTN Ghana subscriber for not less than 90 days.
  3. You must be registered on the MTN Mobile Money Service and actively use the Wallet for transactions.
  4. If you are a loan defaulter, you need to repay in order to qualify for another loan.
  5. You may not qualify to apply for Ahomka if your MTN Mobile Money wallet activity is too low.

Steps to apply for MTN Xpress Loan using USSD Service

In this article, Georgeweb.org will guide you through how to apply for the MTN Xpress Loan and get it on your MTN fully loaded in 15 minutes.

  1. First, Dial *170#
  2. Select Option 5 for Financial Services
  3. Select 3 for Loans to choose your preferences
  4. Select Option 2 for XpressLoan
  5. Select Option 1 to get a Loan
  6. Enter Your Pin to Confirm
  7. Select Option 1 to view Offers
  8. Enter your preferred amount between 50GH to 1000
  9. An SMS will be sent to indicating you that the loan has been credited to your MTN Mobile money Account

How to Repay your MTN Xpress Loan

The loan amount would automatically be deducted from one’s account by MTN on a monthly basis plus interest.

How to repay your MTN Xpress Loan manually

 you can repay your loan manually at any time by dialling *170#,

  1. Select Option 5 for Financial Services
  2. Select 3 for Loans to choose your preferences
  3. Select Option 2 for XpressLoan
  4. Select Option 2 to repay your loan
  5. Enter Your Pin to Confirm
  6. After entering your MOMO Pin, the loan amount would automatically be deducted from one’s account by MTN on a monthly basis plus interest.
  7. An SMS will be sent to notify you that the loan has been deducted from Mobile money

Source: Georgeweb.org

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