Loans has now become part of our daily lives as salary workers, students, entrepreneurs and individuals in general.
MTN is one of the telecommunication companies helping its users to secure loans in few minutes. It is a South African multinational telecommunication company that operates in over 20 countries.
As it stands, MTN is the leading telecommunication company is Africa.
In Ghana, MTN started operating on the 14th of April, 1994.
MTN in partnership with AFB who has rebranded to Letshego introduced mobile money loan in the year 2017.
The loan system has helped many to start medium scale businesses.
Once you quality for Mtn mobile money, you can get as low as GHc25 and a maximum of GHc1,500 plus, once you repay your loan on time.
Their loan system is very fast and reliable with a flexible interest and a 30 day repay plan.
One can start a micro business such as buy and sell (small scale boutique, phone accessories, etc), indomie, Sim card and recharge cards sales, etc.
Students can start an online business by applying for mtn loan to support their career.
To register and apply for MTN quick loan follow the following procedures.
1. Dial *170#
2. Select 5 (Financial service)
3. Select 3 (loans)
4. Select 1 (quick loan)
5. Select 1 (to get a loan).
You would be asked to enter your mobile money pin number, thereafter a pop up menu would display for you to input an amount from the range given.
Four main reasons that would prevent you from getting mtn mobile money loan.
If your sim card is not 3 months old or more.
If you haven’t registered mtn mobile money.
If you do not use mtn mobile money as often as possible.
Failure to recharge credit cards as often as possible.