Paga Loan, How To Borrow Money On Paga App, Paga Loan Codes And USSD Codes
Paga Loan: How To Borrow Money On Paga App, Paga Loan Codes And ussd Codes
Borrowing money online is way simpler than applying for a traditional bank loan. The difference is clear, with online loans, you are to meet certain requirements which in general, are to provide your bvn, and account number, be at least 18 years old and often not more than 65 years old, provide your name, address etc and you good to go while with traditional banks, you must go through a lengthy paperwork regardless of the amount you want to borrow.
Providing collateral is also essential to getting a loan from the banks. However, in this article, we’ll be looking into Paga loans, that is; how to borrow money on the Paga loan app easily, including having ideas of Paga loan codes and ussd codes.
Now, let’s get started.
How To Borrow Money On Paga App In 2023
It’s simple to get a loan from Paga loan app. In this step, let’s first explore how to borrow money on paga app then we move on to learn about the paga loan code and ussd codes.
To apply for the paga loan, the following are procedures to follow:
Download the Paga app: You need to begin the process by downloading the Paga app on your mobile device.
You can find it on both the Google Play Store for Android devices and the App Store for iOS devices.
Sign up or log in: Once you have downloaded the app successfully, kindly sign up for a Paga account if you don’t have one already.
If you already have an account, simply log in using your credentials.
Link your bank account or cards: To borrow money on the Paga app, you need to link your bank account or cards to your Paga account.
This will allow you to access and use your funds seamlessly.
Explore loan options: Once your account is set up and linked to your bank account or cards, you can explore the loan options available on the Paga app.
As mentioned earlier, Paga offers non-collateral loans to its loyal customers, so you may be eligible for a loan with your first application.
Apply for a loan: After selecting the loan option that suits your needs, follow the application process provided on the app. This may involve providing some personal and financial information, as well as agreeing to the terms and conditions of the loan.
Wait for approval: Once you have submitted your loan application, you will need to wait for approval from Paga. It doesn’t take time, it’s usually within few minutes.
Receive the loan: If your loan application is approved, the funds will be disbursed to your Paga account which you must have provided earlier.
You can then use the money for your intended purpose, whether it’s for personal expenses, business needs, or any other financial requirements.
Paga Loan Code
Paga loan code is a specific USSD code that you can use to access loans through the Paga platform without having to log in to the app.
The paga loan code you can use to apply for a loan easily without login in to the app is *242#.
Dial the paga loan code on your phone and follow the given prompts to get the loan.
Paga USSD Codes
Paga USSD codes are specific codes that you can dial on your mobile device to access various services offered by Paga.
These USSD codes provide a convenient way to interact with the Paga platform without the need for an internet connection. Here are some Paga USSD codes related to loans and other transactions on Paga:
- Send Money –*242*Amount*Number#
- Request Money–*242*3*Amount*Number#
- Airtime/Data Purchase– *242*6#
- Withdraw to linked Bank account–*242*43*Amount*Nuban#
- Check Balance– *242*1#
- Agent Withdrawal– *242*41*Amount#
- ATM Withdrawal– *242*42*Amount#
- Create justpaga.me link –*242*30#
- Account Registration with Agent Referral –*242*0*<REFERRER ACCOUNT NUMBER>#
- Smile– *242*801#
- DSTV – *242*810#
- StarTimes– *242*813#
- SWIFT– *242*814#
- GoTv– *242*820#
- Sun King – *242*840#
- Fenix– *242*860#
- Dlight– *242*855#
- OTP/Validation Code– *242*14#.
By dialing these USSD codes on your mobile device, you can access a wide range of services provided by Paga.
FAQs On Paga Loan: How To Borrow Money On Paga App, Paga Loan Codes And ussd Codes
Here are some helpful related frequently asked questions on Paga Loan: How To Borrow Money On Paga App, Paga Loan Codes And ussd Codes with answers:
Who can get paga loan?
To be eligible for a Paga loan, you need to meet some requirements. Here are some criteria that individuals must fulfill to qualify for a Paga loan:
- You need to earn a monthly salary or be self -employed, usually with a minimum income threshold (such as 100,000 Naira per month). It could be less or more
- You may need to have a stable employment history.
- You should have a valid identification document, such as a national ID card or a driver’s license.
- You need to provide proof of address, such as a utility bill or a bank statement.
- You may need to have an active bank account.
- You must provide your bvn etc.
How do I register as a paga agent?
To register as a Paga agent, you can follow these steps:
You’ll need to send an email to service@mypaga.com expressing your interest in becoming a Paga agent.
Alternatively, you can visit the official Paga website at www.paga.com.
On the website, select the “Agent” option.
Click on “Become an Agent” to start the registration process.
Fill out the necessary information and provide any required documentation.
Submit your application and wait for a response from Paga.
What is the paga loan code?
The Paga loan code is *242#.
By dialing this USSD code on your mobile phone, you can access the Paga loan service and apply for a loan.
If you haven’t registered with Paga, you will be guided through the registration process.
Once you are approved, you can then proceed to apply for a loan using the Paga loan code.
What is the bank name of Paga?
Paga is not a bank itself. It is a financial services platform that allows you to send and receive money, pay bills, and more. However, Paga partners with various banks to facilitate transactions.
How do I create a PIN for Paga?
To create a PIN for Paga, you can log in to your Paga account and navigate to the settings or security section.
From there, you should find an option to set or change your PIN.
Follow the instructions provided to create a secure PIN for your Paga account.
