Paga Loan: How To Borrow Money On Paga App, Paga Loan Codes And USSD Codes

Paga Loan: How To Borrow Money On Paga App Easily

To borrow money on Paga app, there are certain things you need to do. Here are they:

Download and Install the Paga App

To get started, you’ll need to download the Paga app from your smartphone’s app store.

Search for “Paga” and look for the official app developed by Paga Technologies. Once you find it, click on the “Install” button to download and install it on your device.

The app is available for both Android and iOS platforms, ensuring compatibility with a wide range of smartphones.

Create a Paga Account

After installing the app, launch it and click on the “Create Account” button to register.

Fill in the required details, such as your name, phone number, and email address. Create a strong password and verify your account using the OTP (One-Time Password) sent to your phone number.

Link Your Bank Account and Add a Debit Card

To borrow money on the Paga app, you’ll need to link your bank account and add a debit card for repayment purposes.

Follow the instructions provided in the app to securely link your bank account.

This step usually involves selecting your bank from a list of supported banks and entering your account details.

Read: How To Delete, Close Or Deactivate Chipper Cash Account Easily

Once your bank account is linked, you can add a debit card associated with the account by providing the necessary card information.

Go to the Paga Loan Option

Once your account is set up and linked to your bank account, you can now access the loan feature on the Paga app.

Open the app and log in using your credentials. On the app’s home screen, you will find various options.

Look for the “Loans” section and click on it.

This will take you to the loan interface where you can explore the available loan offers.

Applying for a Loan

Here, you will be required to be specific on the amount of money you want to borrow. For instance, if you want N50,000, choose the amount and go to the next step.

Submitting Your Loan Application

After selecting a loan offer, you will be prompted to provide additional information and complete the loan application.

This may include details such as your monthly income, employment status, and purpose of the loan.

Fill in the required information accurately and double-check for any errors before submitting your application.

Providing accurate and honest information increases the chances of your loan application being approved.

Loan Approval and Disbursement

Once you submit your loan application, the Paga app will assess your eligibility based on the provided information.

The loan approval process usually takes a short period, and you will receive a notification regarding the status of your application.

If your loan is approved, the requested amount will be disbursed to your Paga wallet and from there you can use it for any purpose.

USSD Codes for Airtime and Data Top-ups

Apart from borrowing money, the Paga app also provides convenient USSD codes for airtime and data top-ups.

These codes allow you to recharge your phone or purchase data bundles directly from your Paga account. Here are the USSD codes you can use:

Airtime Top-up: To recharge your phone with airtime, simply dial *242*amount# from your registered phone number.

For example, if you want to recharge N500, dial *242*500# and press the call button.

Your Paga account will be debited, and your phone will be credited with the requested airtime.

This feature ensures that you can stay connected and make calls whenever you need to.

Data Bundle Purchase: To buy data bundles using your Paga account, dial *242*amount*phone number# from your registered phone number.

Replace “amount” with the cost of the data bundle, and “phone number” with the recipient’s phone number.

For instance, if you want to buy a N1,000 data bundle for the phone number 080XXXXXXXX, dial *242*1000*080XXXXXXXX# and press the call button.

This allows you to easily purchase data for browsing the internet.

FAQs On Paga Loan: How To Borrow Money On Paga App, Paga Loan Codes And USSD Codes

The following are some helpful frequently asked questions on paga loan: How to Borrow Money on paga app, paga loan codes and ussd codes with their respective answers:

What is the code for Paga loan?

The USSD code for accessing Paga loan services is *242#.

Did Paga have a USSD code?

Yes, Paga has a USSD code, which is *242#. This code allows users to access various services, including borrowing money, airtime top-ups, and data bundle purchases.

Can I use Paga without BVN?

No, according to the directive by the Central Bank of Nigeria (CBN), all account owners must link their Bank Verification Number (BVN) and/or National Identification Number (NIN) to their accounts.

Therefore, to use Paga and access its services, you will need to link your BVN.

Can I borrow money on Paga?

Yes, Paga offers a loan feature that allows users to borrow money directly from the app.

To access this service, you need to download the Paga app, create an account, link your bank account, and apply for a loan within the app’s loan section.