The best way to see if you qualify for a Migo loan is to apply! Visit Get a Loan to apply now.
We work hard to ensure that your loan enters your account, or the account of the merchant that you are paying, immediately after you complete your application session. If for some reason your transaction does not happen this way, please Contact Us.
No, you do not need any collateral or documentation to request a Migo loan.
No. You can conveniently apply for the loan from your mobile phone. All you need is a bank account linked to a valid BVN. Visit Get a Loan to apply now.
No. You can access Migo from your mobile phone any time by logging into our web portal with your mobile number at Get a Loan. Or, by dialing *561#.
Yes, as long as your SIM registration details match your bank account details. We operate our USSD service across all networks.
Yes, to avoid multiple screen selections, you can use USSD menu shortcuts by placing your menu selections in the code you dial. Here are some examples:
No, your loan offers are specific to you.
Migo loan amounts range from N500 to over N500,000. We will usually start with a small loan amount and grow your loan offers over time as you build trust with the system.
Your loan offers are based on your repayment history with Migo. The more you pay your loans back on time, the higher the amounts you can be offered.
With Migo, your offers are a reflection of your borrowing behavior. The best way to increase your loan offers is to repay your loan on or before the due date. The better your repayment history, the better your future offers will be. If for some reason you are unable to repay in full and on time, extending your loan is a better alternative for preserving your credit record with Migo, rather than allowing your loan to default.
We aim to make you an offer every time you make a request, no matter how small. However, in instances where we are unable to ascertain your personal information, we may not be able to make you an offer.
There are several ways to pay back your Migo loan. Visit Repay a Loan to review your payment options.
Yes. Migo accepts transfer payments through a unique account number that will be sent to you, only when you request it. Once you successfully make the transfer to the account number, you will get a payment confirmation message. To review transfer payment instructions, or make a payment using the transfer option, visit Repay a Loan.
Your unique account number is the only account number affiliated with Migo. Do not transfer any money into an account where the account name does not contain your phone number. Migo will never ask you to pay into an account that is different than the unique account number provided to you by Migo.
Extending a Migo loan is easy!
For us to keep increasing your loan offers and offering loans to more people, we ask that you repay your loans when due. In the unfortunate event that you do not repay your loan on the due date, you will incur additional fees for default.
If you still do not repay, further penalties, as agreed in the Terms and Conditions, will be issued.
Rather than paying late or defaulting, extending your loan is a better alternative that will help to preserve your credit history with Migo.
No. But we are always looking for better ways to serve you. Visit the Repay a Loan page to review payment options and make a payment.
No. Please visit Repay a Loan to view the list of our Migo verified repayment methods. Any repayment method that is not on this list is fraudulent. Please beware of fraudulent actors that attempt to steal your funds by posing as a Migo repayment option. Migo cannot be held liable for fraudulent transactions that result from engaging with such transactions. If you come across such fraudulent actors, please report them to Customer Support.
You can repay your Migo loan using any valid debit card. If you previously registered a card and would like to change it, please log in with you mobile number at Repay a Loan and follow the instructions to add a new payment card.
If you can no longer access the phone you used to accept your loan, you can repay using our “pay with cash” option. Please visit Repay a Loan and scroll down to "pay with cash" for details on this payment method.
Interest rates and loan amounts vary based on your personal information and loan repayment history. Interest rates can decrease, and loan amounts can increase, with good repayment history.
We developed our Terms and Conditions with your comfort and security in mind, so that you understand what you are agreeing to when you accept a Migo loan. A summary of key terms from our Terms and Conditions is below:
Please re-register your SIM card so that your SIM registration details match your bank account details.
Please accept our apologies – sometimes there are interruptions in service among our network of partners. Please give us 72 hours to provide feedback on the issue. If you have not heard from us within this time, please Contact Us.
Please accept our apologies – sometimes there are interruptions in service among our network of partners. Please Contact Us with proof of deposit that shows the date of payment, and one of our customer experience representatives will be happy to assist you.
Your loan is linked to your phone number and BVN, so we will need to go through our verification process with you. Please Contact Us, and we will be happy to resolve this.
Our system only sends out notifications as a last resort in instances where customers have been unreachable. If you have repaid your loan, please Contact Us with proof of payment that includes the date of payment. One of our customer care representatives will be happy to assist you.
Your security and privacy are our highest priority. We have implemented multiple security measures to safeguard your information and are fully compliant with all regulations and national laws governing consumer data protection.