Has MTN stopped giving loans today?
After paying of your MTN loan and MTN serves you with the “You do not qualify for a loan at the moment. Continue to use MTN SIM and wallet services. Check back regularly or wait for a qualification SMS,” you may be wondering if MTN has stopped giving loans.
All you need to know is that MTN has not stopped giving out loans.
However, certain acts by customers may disqualify you for sometime in accessing a loan.
Some of these acts include ;
- If you have an outstanding loan balance.
- Late payment of previous loan requests.
- If you are currently not fully registered in the ongoing SIM registration exercise
- If your MoMo registration details with us are incorrect or incomplete.
To ensure you are always eligible for another loan after payment of your outstanding loan balance, pay your loans on time. However, after payment on time and you do not qualify, you may be eligible for another loan the next 3 to 5 days, so keep trying.
FAQs
Q: What happens if you don’t pay your MTN loan?
A: If any portion of the Repayment Amount remains unpaid after the due date, any funds deposited into your MTN Mobile Money wallet account will be automatically deducted until the repayment of the outstanding balance has been paid in full.
Q: How do I request for a Qwikloan?
A: Dial *170#
Select option 5 for “Financial Services”
Select option 3 for “Loans”
Follow the prompts to request for a loan.
Q:What is the code for MTN loan?
A: The USSD method: Dial 170#
Q: How to qualify for a loan on MTN?
A: Qualifying for a MTN loan depends on active use of MTN services like airtime, data, SMS, bill payments,MoMo transactions. You will get an SMS when you qualify.
Q: Can I get another MTN loan after paying one off?
A: Yes, you can
