How To Loan Money On MIGO (Simple Steps!)

MIGO (formerly known as KwikCash or KwikMoney) is an automated online money lender that offers quick loan services to Nigerians. MIGO loans are easily accessible, flexible, and do not require collateral or guarantors.

How To Loan Money On MIGO (KwikMoney)

MIGO (KwikMoney) issues loans to customers through mobile code and their website. To get a loan from MIGO, follow these easy steps on your mobile device:

Mobile Code:

  1. Dial the code: On your mobile device, dial *561# as you normally dial a USSD code.
  2. Select loans: You will be presented with options for dialling the code. Select the ‘Loans’ option.
  3. Request Loan: On the next slide, select ‘Request loan’ from the list of available options.
  4. Wait: You will get a loan offer.
  5. Accept: On receiving the loan offer, accept it and provide your bank account details.
  6. Receive: You will receive your loan directly into your bank account.

You can request a loan through the website if you do not wish to request it via the MIGO mobile code.


  1. Visit the MIGO website loan portal:
  2. Provide your phone number (You might be required to complete a captcha to confirm that you are human).
  3. Verification: A code will be sent to the phone number you provided to confirm that you own it. Input the code sent into the website.
  4. Check Loan Offer: Select ‘Check Loan Offer’ to see your offers.
  5. Submit required details: Upon viewing your loan offer, click proceed and submit the required details.
  6. Receive loan: You will receive your loan directly into your bank account.

MIGO (KwikMoney) Loan Requirements

● You must be at least 18 years old.

● An active phone number.

● Your phone number must have been active for at least 90 days.

●       An active bank account in one 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.

● Your bank account number must have been active for at least the last 90 days.

● A valid Bank Verification Number (BVN).

How Much Can You Get From MIGO

MIGO (KwikMoney) offers users loans from #500 up to #500,000. First-time users will, however, get lower offers depending on their credit scores. Users’ loan limits increase with on-time loan repayments.

MIGO (KwikMoney) Interest Rate

MIGO interest rates are between 10% and 25% of the loan amount. Interest rates of individuals might be higher or lower depending on personal data.

MIGO (KwikMoney) Loan Term

MIGO loan term is between 14 and 30 days.

How To Repay MIGO Loan

To repay MIGO loans, you can use a variety of options.

●       Mobile code: Dial *561# and follow the prompts to repay the loan.

●       Repayment portal: You can visit the MIGO repayment portal online and follow the prompts to repay your loan.

●       Bank deposit: You can make a bank transfer into any supported bank or MIGO agent.

Note: If your loan is unpaid by the due date, you will be given an automatic extension (rollover). This doubles your interest and includes an additional 5% late fee. If you cannot repay your loan by the due date, dial the *561# code and navigate to the ‘Extend Loan’ option.

MIGO (KwikMoney) Head Office

MIGO (KwikMoney) head office is at 3B Adekunle Lawal Road, Ikoyi, Lagos.

MIGO Customer Care

For inquiries, requests, and complaints, you can contact customer care in the following ways:

● Email:

● Phone number: +23417002274

● SMS: Text help to 561 via a 9mobile line only.


MIGO does not have an app. You can request loans, repay loans, and access all the services through the mobile code (*561#) and the online loan portal (

MIGO Website

The MIGO website is

That’s it on how to borrow money from Migo also, read our article on  how to borrow money from PalmPay.

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