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Want to know how to borrow money from Airtel? Well, one way to do so is through AirtelTigo and airtel money.
You can easily access instant mobile loans by using mobile money services.
You can easily get the money you want with AirtelTigo Money without going through the tiring process involved in a loan.
Although AirtelTigo is not a direct loan service like their immediate competitors, you can borrow money straight into your wallet through the Fido loan available on AirtelTigo.
Airtel money is also available as one of the quickest, easiest, and fastest means to borrow money.
You can now borrow with your phone and pay later with the Airtel money wewole quick loan.
They will thus offer the ideal monetary solution with their competitive interest rates and flexible settlement terms.
In this article, we will look at how to borrow money from Airtel using AirtelTigo and Airtel Money, including steps you need to take and documents you will need to provide. Let’s get started.
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The airtel loan app offers two loan services for those who want to borrow money from airtel.
You can now send and receive money in a fast and secure channel using your mobile phone or through an agent with AirtelTigo Money.
This service is offered by AirtelTigo in partnership with some chosen banks and moderated by the Bank of Ghana.
What is most interesting about AirtelTigo Money is that there is no barrier.
You can send money to anyone on any network anytime and anywhere.
AirtelTigo Money is convenient for sending and receiving money from family and friends.
Airtel Money is a mobile commerce service allowing customers to shop, pay bills, recharge, and access other financial services directly with an Airtel SIM card.
Airtel Money is also available in Nigeria and across other African countries where Airtel has operations.
This wallet can be funded to pay for goods and services; the cash value can also be withdrawn.
The two loan services by Airtel are Airteltigo and Airtel Money.
If you are wondering how to borrow money on Airtel Tigo, you can do that through the Fido loan service.
Airteltigo offers short-term loans, while Airtel Money offers short-term personal loans.
With that, the chances of getting bigger loan amounts are gradually increased when one is a returning customer and continues to pay back on time.
That AirtelTigo does not offer a higher loan amount and cannot review individual requests for specific loan amounts.
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You have to meet some requirements before you can borrow money from Airtel Tigo:
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To borrow money from Airtel, you have to be an active customer of Airtel money for six months and have at least one Airtel money transaction every month for the past six months.
Furthermore, ensure that you clear all the recent loans and that you don’t have unpaid loans with Airtel money when requesting a loan.
You need to pay your Quick loan early and increase your transactions on Airtel Money to have increased loan limit.
Before knowing how to borrow from airtel money, you need to find out whether you are eligible.
You can do this by checking your loan limit and whether you don’t have any unpaid loans. To do this, follow the steps below:
Wondering how to borrow money from Airtel Tigo? Below are the steps to follow:
If you are wondering what code I can use to borrow money from Airtel, simply follow the steps below:
Also read – How to Use the African Bank Loan Calculator
To repay your Airteltigo loan, do the following:
Here are some of the benefits of using Airtel Money:
All the loans that one acquires through these services attract some interest rate dependent on the amount of loan and the period one chooses to pay.
Each of these loans has some specific period within which one must repay.
The more loans you take from the Fido loan service, the lower the interest rate, which can go as low as 8%, which is 0.2667% per day.
To repay your loan,
1. Dial *185*8*1# to access the Airtel Money Wewole Loans menu.
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In case one fails to pay the loan in the agreed period, one has to pay more on top of the original amount.
In this same case sometimes, there exist some specific penalties.
One is, therefore, advised to read and understand the terms and conditions issued with each loan before proceeding to acquire the same.
You have to be 18 years, have an active SIM card, and a good credit score if you apply for a loan on Fido.
As many as possible, but you only have one loan account at a time. After you pay your previous loan, you can apply for a new and improved one.
The more loans you take from the Fido loan service, the lower the interest rate, which can go as low as 8%, which is 0.2667% per day.
You will be charged an extra rate as a penalty until full repayment is done, and your services may be suspended.
Airtel Money is a mobile money service that allows sending money, paying bills, and buying airtime with the help of one’s Airtel SIM card. In addition, you get other access to financial services.
Airtel Money charges vary depending on the type and amount of transaction. You will see charges once you initiate the transaction before you confirm the transaction.
You can open an Airtel Money account by just dialling *903#, then following the instructions to complete opening an account.
In a nutshell, AirtelTigo and Airtel Money’s loan services provide convenience and effectiveness for those who require fast financial help.
For that matter, taking one through the application process, the requirements, and the terms of use will help the borrower easily decide on his or her finances.
As such, one should know how to borrow money from airtel network responsibly and consider making payments on time to avoid unnecessary financial burdens.
Airtel app loan services are excellent for short-term financing, and the entire process will normally take a few minutes. you may have the money transferred directly to your wallet on AirtelTigo.