How to get a loan from Migo (Kwikmoney)

Migo formerly known as Kwikmoney or Kwikcash is an automated instant loan service that originated from a partnership between banks, mobile networks and telecommunication companies in Nigeria to make personal banking and access to finance easy for Nigerians. At the core of the partnership is giving easily accessible loans to Nigerians without collateral or guarantors.

With Migo, you can get loans in 60 seconds or more. That is how easy and fast the process can be at its best. You can simply dial just a code on your phone to get a loan, the same way you dial a code to check your airtime balance.

KwikMoney Loan

In summary:

Interest rate:10% to 25%
Loan term:14 days
Loan available:₦500 to ₦500, 000
Repayment:Via code, website, bank deposit, and Quickteller
Collateral:No collateral required
Guarantor:No Guarantor needed
Customer care+23417002274
Head office3B Adekunle Lawal Road, Ikoyi, Lagos, Nigeria.
How fast?Instant loan
Mobile appNo mobile app is available. Web only.

Migo loan requirement

Below are the requirements to get a loan from Migo:

  1. Bank account
  2. Bank Verification Number (BVN)
  3. A working phone number
  4. You must be up to 18 years and above
  5. You must have been using your phone number actively for the last 90 days
  6. Your account number must have been in active use for the last 90 days
  7. You must have an account in of the following banks: First Bank, Access Bank, Diamond Bank, First City Monument Bank (FCMB), United Bank For Africa (UBA), Stanbic Bank, Wema Bank, Zenith Bank, Guaranty Trust Bank (GTB), Polaris Bank, Fidelity Bank, Heritage Bank, Union Bank, Unity Bank.

Migo terms and conditions

Before applying for a loan, it is important to be familiar with some of the important terms and conditions of the loan. Here they are:

  1. You must be able to pay back the loan before the due date. If for any reason you are unable to pay back, contact them.
  2. If you pay back your loan late, you are subject to fees and penalties for late payment
  3. You give them the right to send messages to everyone on your phone contact if you do not repay your loan.
  4. You give them the right to use your personal data to determine how much loan to give you. Personal data includes your phone, your bank, bill payments, credit bureaus, and others.

How to get a loan from Migo (Kwikmoney)

Follow these steps to get a loan from Migo:

1. Dial *561#

using your mobile phone just dial *561#. The same way you dial a code to check your credit balance.

2. Select loans

You will see many options. Select  loans.

3. Select request loan

On the next screen, select request loan from the options

4. Wait for loan offer

You will get a loan offer, accept, supply account details and all to get your loan.

Alternatively, if you do not wish to use the mobile code, you can do it on their website. Note, if you have used the code already, you will get the loan, do not continue with the following steps. These steps are for people who prefer to do it online instead of with phone.

5. Visit the migo website loan portal

This step is for those who do not want to use the code but website. Just visit the loan portal

6. Input your phone number

Input your phone number to continue. You may be required to verify that you are human by completing a captcha.

7. Complete verification

A code will be sent to your phone. type the code into the website to verify that you own the phone number.

8. Select check loan offer

Select check loan offer and proceed to see the offers available to you

9. Provide your account number and details

Click proceed then provide your account number and all details required.

10. Get your loan!

Your loan should be arriving anytime soon. Usually within few minutes

How much can you get?

You can get a loan from ₦500 to ₦500, 000. But note that at your first request, you will get a low offer that will depend on your credit score calculation. After the first offer and you pay back your loan on time and so on, you will be able to access bigger funds.

Migo interest rate

The interest rate is usually from 10% and 25% of the amount of money you are getting. It is also possible for your rate to be higher or lower depending on your personal data.

Loan term

The loan term ranges from 14 to 30 days

Repayment of loan

All loans should be paid back from 14 to 30 days after it was given. That is the rule governing Migo loan.

To repay a loan is easy. There are many options. You can dial *561# and follow the appropriate instructions to pay back. Or visit the Kwik Money repayment portal.

You can also pay back the loan with any ATM card or in cash at any supported bank or agent.

Please note that if you do not pay your loan by the due date, you are given an automatic extension (called a “rollover”) that doubles your interest with an additional 5% late fee.

If you are having financial problems and cannot pay your loan, please dial *561# and navigate to “Extend Loan”.

Migo Head office

The head office of Migo is located at 3B Adekunle Lawal Road, Ikoyi, Lagos, Nigeria.

Migo customer care number and email

The customer care phone number is +23417002274

The customer support email is

You can also text help to 561 from 9mobile line only

Migo code

The Migo code is *561#. With this code you can request loans, repay loans, and access all the services.

Migo Website

The website is located at

Also read: Top loan apps in Nigeria to get a quick loan without collateral

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Editorial staff

Editorial staff is a platform that connects people with ideas, opportunities and latest trends in personal finance growth online and offline. It is the most read personal finance platform in Nigeria

Articles: 171


  1. Please this is not my first time of using quick money, but I apply for a loan but it says that my bank cannot be reach pls what is the problem, plz help me out

  2. Please help. My repayment is due today. The code is no longer working on my phone and banks refuse to disburse the to you. Help I can’t pay interest if it exceed today

  3. I have not been sent my loan since last week Tuesday. kwikmoney customer care number is not going try either. I need help

  4. I borrowed 19100 on 2nd October, and now I paid back 21965 on 16october now I can’t be able to get another yet am asking to pay 21965 again please check it out and correct the mistake. My is Abubakar baba sanda #07037244965

    • All this rubish nah scam i have being trying mine for days aint goin true all they say is we sorry if anybody has colected plz give me a clue my numba (removed) tnx guyz

  5. Why that your code is not responding in time and now am experiencing a difficult on your kwikmoney here is my number 08141231827 I want you to improve my loan offer

  6. Pls I make payment through ATM,my account has been debited payment for this number 08069125560, but the loan has not been clear out pleases help!!!!!

  7. You already gave me a offer to loan 16,400 but yet now you are telling me that there is outstanding loan.
    After I paid 11500.

  8. I lent N1600 and i paid back with the interest before the due date.i wanted to borrow again and i was told to pay my outstanding debt of three thousand plus,pls help me rectify the number is 08131102632

  9. Pls that what u said to me after payed my loan . Sorry we are experiencing network issues today . We will teach out to you when it is resolved pls tell me what happened to my loan offer pls

  10. Pls I can, t understand what you said, sorry , we are unable to offer you a loan today.we will reach out to you once an offer becomes available . pls help me I need your loan

  11. Pls I can, t understand what you said, sorry , we are unable to offer you a loan today.we will reach out to you once an offer becomes available . pls help me I need your loan.this my loan number 08103896394

  12. Sorry we are unable to offer you a loan today,we will reach once an offer is availabe….i just payed my loan last week friday #27875 pls kindly help me to rectify it

  13. i got a loan and paid back…ihave been trying to get another one but it saying they are having service issues……..its been a week now and it saying samething please who else as same challange and why please?

  14. Today i paid my outstanding loan 25645,and i request another loan but you didn’t offer me to get a loan,why?

  15. Hi migo i once borrow a loan of 5650 and i paid them with the interest before the due date and now i want to borrow another loan and they are telling me(sorry,we are unable to offer you a loan due to the increase in demand for migo loans.we will reach out to you once offer is available for you) please help me correct it here is my account num [removed] fcmb please reach me out on my number [removed].thanks waiting for your instant reply

  16. have been calling customer care for the past two weeks, I was unable to pay back for the loan I requested for, am trying to transfer to the account sent to me but am unable.

  17. I have been trying to pay back my loan, any time. I dial *554*561# tit says service Temporarily unavailable, what can I do to transfer.

  18. I try to get a loan for migo, the system is telling “me sorry we are unable to offer you a loan due to the increase in demand for migo loan, we will reach out an offer is available for you”

  19. Please, have been trying to get a loan but it’s saying I haven’t paid my old loan meanwhile I haven’t been given any loan. Please help out

  20. Please if I borrow money from you guys and I payback, will my loan increase to another higher amount? I just need to confirm, please.

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