Moniepoint USSD banking is a short code that allows the fintech customers to bank on the go without internet connection and data. All that’s needed is activate the USSD code on the account and bank on the go.
The Moniepoint USSD code is *5573# and the most amazing feature the short code offers is the loan application that’s seamless and easy through it.
In other words, you can apply for Moniepoint Loan using the *5573# USSD code. However, you need to understand that you need to complete your business account setup via business banking app or via atm.moniepoint.com before you apply for loan via code.
Once you have your Moniepoint business account setup and fully verified, check your eligibility status and upload some required documents. Here’s how to qualify for Moniepoint Loan.
Moniepoint Loan is a working capital loan. In other words, the loan is only disbursed for business purposes only and that’s why a Moniepoint business account is required to apply for the Loan.
How to Apply for Moniepoint Loan using USSD Code
- Complete and setup your Moniepoint Business Account.
- Verify the Moniepoint Business Account using the required documents.
- Check your Loan Eligibility Requirements on the business app or via web
- Submit Loan application on the Moniepoint Business Banking App or via ATM.Moniepoint.Com.
- Once approved, activate USSD banking on your Moniepoint Account by dialing *5563#.
- Apply for the Loan via the USSD code simply by choosing “Loan” option and follow the prompts.
- The loan will be disbursed into your Moniepoint Account within 5 minutes upon review and approval.
The loan repayments will be automatically debited from your Moniepoint wallet every due date. So, make sure you have sufficient balance to cover up then due loan in every instalmental repayment.
