The Unstructured Supplementary Service Data (USSD) is an innovation that is useful to mobile phone users who may not be able to access mobile applications on their phones. It is often referred to as “Quick Codes”. It is the solution non-smartphone users seek for quick loans. The USSD M-Pesa loan codes save time and data and have also solved many problems.
15 quick USSD loan Code to M-Pesa
The following are some M-Pesa USSD loan codes you can access;
Loan App | USSD Code | Network |
Bayes | *879*99# | Safaricom |
HF Whizz | *618# | Safaricom |
KCB M-Pesa | *844# | Safaricom |
Okoa Mia | *682# | Safaricom |
Okoa Thao | *660# | Safaricom |
Pesa Pata | *269# | Safaricom |
Pesa ChapChap | *339# | Safaricom |
Zenka | *841# | Safaricom |
Timiza | *848# | Safaricom |
Sotiwa | *243*90# | Safaricom |
Zazipay | *322# | Safaricom |
Okolea | *842# | Safaricom |
Fuliza | *234# | Safaricom |
Mfanisi | *222# | Safaricom |
NCBA Loop | *654# | Safaricom |
What is M-Pesa?
They also do payments and micro-financing services. It is the most used account by loan providers in Kenya for disbursement of funds.
M-Pesa is a Vodafone group plc and Safaricom product launched in 2007, which centers on a phone-based money transfer service.
What are M-Pesa Loans?
M-Pesa loans are the amount of funds given by loan providers to their customers and M-Pesa Safaricom subscribers. The loan is disbursed upon request and paid back with interest as agreed within a stipulated date.
What are Quick USSD M-Pesa Loan Codes?
It is the unstructured supplementary service data often referred to as quick codes that is dialed on mobile phones to access quick funds. While you dial it, you won’t have to worry about your internet connection. They build it on the command prompt. You dial and follow the prompt.
How to Access Loans using the quick USSD loan code to M-Pesa
To access USSD M-Pesa loan, dial the USSD code for the loan app and follow the prompt.
Pros and Cons of Using USSD Code to Get M-pesa Loans
Pros:
- It makes loan access easy
- No collateral is needed for USSD M-pesa loans
- No internet connection needed to access the loan
- You can easily use a Kabambe phone to get the loan. Smartphones are not necessarily needed.
Cons
- Mobile USSD loans are expensive
- Ussd loan amount is small
- Sometimes it consumes airtime/credit, which can be costlier than buying Tunukiwa bundles.
- It has a short repayment duration
- Most times it comes with annoying reminders to pay up the loan before the due date.
How to repay loans using the quick USSD loan codes to M-Pesa
To learn how to repay your loan using USSD code, contact the loan application customer service and verify whether you can repay using USSD code. Before that, you must have funded your M-Pesa account or any other related accounts.
Conclusion
Kindly note that you can access an instant M-Pesa loan when you don’t have a smartphone or have access to the internet.
When you need a simple emergency loan, worry less that you don’t have access to downloading a loan app when you don’t use a smartphone. Remember, USSD code is the quick code for you.