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MTN now allows you to borrow cash - Phones - Nairaland

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MTN now allows you to borrow cash by Adeyeye09(m): 7:44pm On Apr 18, 2018
There are times we run out of cash and finding someone to lend from becomes a problem either for shame or accessibility.
I got goodnews. MTN now allows you to borrow real cash, not talking about airtime now. I mean cash.

All u need do is dial *606# the same code u use in borrow airtime. When it pops up, u see 'xtra cash' as option 4. Select it and apply. I think it's a new development and might not be perfect yet. I notice it was taking time to respond.
Anyway enjoy!!!

Re: MTN now allows you to borrow cash by kmaxx(m): 7:48pm On Apr 18, 2018
......and how do I collect the cash? Perhaps my phone will dispense cash instanta like an ATM! Lolz.

2 Likes

Re: MTN now allows you to borrow cash by Nobody: 8:10pm On Apr 18, 2018
So how does this extra cash work.. Is it like physical money or it just credits your sim like normal recharge card.. explain better

2 Likes

Re: MTN now allows you to borrow cash by kmaxx(m): 8:30pm On Apr 18, 2018
Tochyodiks:
So how does this extra cash work.. Is it like physical money or it just credits your sim like normal recharge card.. explain better


Customer care will explain better. I called. The lady that picked explained it's a kinda soft loan thing from MTN to eligible customers. Dial *606# select xtracash.

NB: funds will be credited to your diamond Y'ello! Account. Maximum you can borrow na 5k ooh. Lolz. So, u must have a Diamond Y'ello! Account!
Re: MTN now allows you to borrow cash by Abbeysunday(m): 8:39pm On Apr 18, 2018
I think it credits ur bank account and u can make withdrawal after then....buh this is not good,MTN and their yahoo-yahoo means

They wud give u a cap and collect ur head in return

21 Likes

Re: MTN now allows you to borrow cash by greenhulk: 8:45pm On Apr 18, 2018
kmaxx:
......and how do I collect the cash? Perhaps my phone will dispense cash instanta like an ATM! Lolz.

Why are u talking like u don't know about cardless transaction on ATM. U never heard of paycode? All that is needed is generate a code, go to any ATM click get cash and enter the code, get ur cash without card.

6 Likes 1 Share

Re: MTN now allows you to borrow cash by mhisbliss(f): 9:11pm On Apr 18, 2018
MTN that'll do amebo everywhere when you borrow airtime? Borrow just 1k even your village people will hear ypu borrowed money, hard pass

4 Likes 1 Share

Re: MTN now allows you to borrow cash by chiroyale(f): 9:17pm On Apr 18, 2018
"Pls wait!" the message i got for over 2 hours now.. Lol! Believe MTN at your own peril..
Re: MTN now allows you to borrow cash by Felixamos(m): 9:45pm On Apr 18, 2018
Adeyeye09:
There are times we run out of cash and finding someone to lend from becomes a problem either for shame or accessibility.
I got goodnews. MTN now allows you to borrow real cash, not talking about airtime now. I mean cash.

All u need do is dial *606# the same code u use in borrow airtime. When it pops up, u see 'xtra cash' as option 4. Select it and apply. I think it's a new development and might not be perfect yet. I notice it was taking time to respond.
Anyway enjoy!!!
hy, I just called mtn customer care to confirm and you're right. Xtra xash is for real!! But there's a catch though its only for customers who have a diamond yellow accnt. And the amount available for borrow ranges from 5 - 10k thats if you're eligible. Then for the pay back, mtn gets 15percent.(preety high right)
Re: MTN now allows you to borrow cash by Adeyeye09(m): 9:46pm On Apr 18, 2018
chiroyale:
"Pls wait!" the message i got for over 2 hours now.. Lol! Believe MTN at your own peril..
it's a new stuff...it should improve with time
Re: MTN now allows you to borrow cash by CarlosTheJackal: 9:53pm On Apr 18, 2018
chiroyale:
"Pls wait!" the message i got for over 2 hours now.. Lol! Believe MTN at your own peril..
ETISALAT has been doing it for long and all it requires is you to ask for a loan and your account will be credited with it. it has an interest attached to it and your number must be linked to that your account in case you default

4 Likes

Re: MTN now allows you to borrow cash by Nobody: 10:40pm On Apr 18, 2018
Felixamos:
hy, I just called mtn customer care to confirm and you're right. Xtra xash is for real!! But there's a catch though its only for customers who have a diamond yellow accnt. And the amount available for borrow ranges from 5 - 10k thats if you're eligible. Then for the pay back, mtn gets 15percent.(preety high right)
who will pay back grin
Re: MTN now allows you to borrow cash by madgoat(m): 10:50pm On Apr 18, 2018
kmaxx:
......and how do I collect the cash? Perhaps my phone will dispense cash instanta like an ATM! Lolz.

Stop making urself look foolish online.
9mobile has been offering this service to subscribers since last year. The money is remitted into your bank account and you have to pay back within 14 days with interest. The more you use the service, the higher the amount of loan u can get.
Airtel also started the service few weeks ago. Both are being run by kwikcash limited

1 Like

Re: MTN now allows you to borrow cash by madgoat(m): 10:54pm On Apr 18, 2018
Tochyodiks:
who will pay back grin

Armed robbers like you are usually blocked from the system.

1 Like

Re: MTN now allows you to borrow cash by greenhulk: 10:56pm On Apr 18, 2018
Tochyodiks:
who will pay back grin

U will eventually pay it unless u plan not to use any acct again. Remember ur bvn is tied to all ur accts.

2 Likes

Re: MTN now allows you to borrow cash by Nobody: 10:57pm On Apr 18, 2018
madgoat:


Armed robbers like you are usually blocked from the system.
no hating here bro.. , mtn are the real robbers imagine debiting me of money when I did not subscribe for anything. Recharge card could not stay in my phone past 2days, and you say I will borrow and have the same mind to pay back. Reason am

3 Likes

Re: MTN now allows you to borrow cash by Felixamos(m): 11:17pm On Apr 18, 2018
Tochyodiks:
who will pay back grin
lol, funny you. Try mtn
Re: MTN now allows you to borrow cash by Nobody: 12:30am On Apr 19, 2018
madgoat:


Stop making urself look foolish online.
9mobile has been offering this service to subscribers since last year. The money is remitted into your bank account and you have to pay back within 14 days with interest. The more you use the service, the higher the amount of loan u can get.
Airtel also started the service few weeks ago. Both are being run by kwikcash limited

Tell me more about the airtel one
Re: MTN now allows you to borrow cash by cyclops19: 2:02am On Apr 19, 2018
nice one ...
Re: MTN now allows you to borrow cash by okorro1(f): 2:30am On Apr 19, 2018
Adeyeye09:
There are times we run out of cash and finding someone to lend from becomes a problem either for shame or accessibility.
I got goodnews. MTN now allows you to borrow real cash, not talking about airtime now. I mean cash.

All u need do is dial *606# the same code u use in borrow airtime. When it pops up, u see 'xtra cash' as option 4. Select it and apply. I think it's a new development and might not be perfect yet. I notice it was taking time to respond.
Anyway enjoy!!!
yes oh I was surprised when I saw it yesterday but na so mtn Don take upgrade I wonder how much them dey charge for interest cos I know Interest gas dey
Re: MTN now allows you to borrow cash by jom28gy(m): 7:07am On Apr 19, 2018
Mtn, I laugh, they can't do that
Re: MTN now allows you to borrow cash by MistadeRegal(m): 7:38am On Apr 19, 2018
Perhaps it will be transfered to your bank account. But what use is that for?
Re: MTN now allows you to borrow cash by madgoat(m): 9:42am On Apr 19, 2018
Earthbound:


Tell me more about the airtel one

*554*561# is the code to subscribe on airtel.
As a 1st timer and if u are eligible, i dont think u can get more than N1500 loan and also ur fone number must be fully registered on the telecommunications network. I have been using the service on 9mobile and its pretty cool. I can get up to 30K loan now because i pay back when due.
Read more about kwikcash for airtel and 9mobile : https://www.kwikcash.ng
Re: MTN now allows you to borrow cash by madgoat(m): 9:45am On Apr 19, 2018
okorro1:
yes oh I was surprised when I saw it yesterday but na so mtn Don take upgrade I wonder how much them dey charge for interest cos I know Interest gas dey

Usually 15% interest and should be paid back within 14 days. Thats how its done on airtel and 9mobile so i guess it will be the same with MTN

1 Like

Re: MTN now allows you to borrow cash by azraeljaheel(m): 9:51am On Apr 19, 2018
grin grin grin grin Wayray
kmaxx:
......and how do I collect the cash? Perhaps my phone will dispense cash instanta like an ATM! Lolz.
Re: MTN now allows you to borrow cash by CompovineTech: 10:29am On Apr 19, 2018
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Re: MTN now allows you to borrow cash by eaddyboy(m): 10:41am On Apr 19, 2018
Abbeysunday:
I think it credits ur bank account and u can make withdrawal after then....buh this is not good,MTN and their yahoo-yahoo means

They wud give u a cap and collect ur head in return

Re: MTN now allows you to borrow cash by Hhenryy: 11:50am On Apr 19, 2018
madgoat:


*554*561# is the code to subscribe on airtel.
As a 1st timer and if u are eligible, i dont think u can get more than N1500 loan and also ur fone number must be fully registered on the telecommunications network. I have been using the service on 9mobile and its pretty cool. I can get up to 30K loan now because i pay back when due.
Read more about kwikcash for airtel and 9mobile : https://www.kwikcash.ng

And how do you pay back? Through airtime right?
Re: MTN now allows you to borrow cash by Nobody: 12:16pm On Apr 19, 2018
mtn say am nt qualify,and i get dya account

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