Get instant low-interest loans in Nigeria with Migo
Check how much you qualify for. Checking is free. Once approved, funds are sent directly to your bank account.
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Terms & Conditions apply
24/7
Always available
Safe
Always available
2M+
clients
100B+
borrowed
Migo is that partner friend that helped grow my business
The loan I receive from Migo helps me alot, when I have a financial project to carry out.
How to get a loan with Migo
Visit the Migo app.
Open your browser and go to the Migo web app. No download, no signup for a separate account.
Get assessed instantly.
Enter and verify your phone number. No lengthy forms, no document scans, no selfie verification marathons.
Receive your funds
Approved? Funds are disbursed directly to your preferred bank account.
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Visit the Migo app.
Open your browser and go to the Migo web app. No download, no signup for a separate account.
Get assessed instantly.
Enter and verify your phone number. No lengthy forms, no document scans, no selfie verification marathons.
Receive your funds
Approved? Funds are disbursed directly to your preferred bank account.
The more you use Migo, the more Migo works for you
Borrow
Take a loan up to your current credit limit.
Repay
Meet your repayment schedule.
Grow
Boost your credit limit with consistent on- time repayment.
Why millions of Nigerians borrow with Migo
Established. Funded. Proven.
Migo has been providing credit to Nigerians since 2017. We've disbursed over 8 million loans, extended more than ₦100 billion in credit, and raised $37.2 million from institutional investors including The Rise Fund and Velocity Capital. We work with partners like Airtel and Interswitch.
No credit history? You can still qualify.
Most lenders only look at your bank history and credit bureau records. If you don't have those, you're invisible to them. Migo is different. We use smart technology to assess you based on a broader picture, not just a credit score. Millions of Nigerians who couldn't borrow from a bank have accessed credit through Migo. You don't need a perfect financial record. You just need to start.
Minutes, not days.
There are no long application forms. No document uploads. No waiting for someone to manually review your file. Visit the web app, input your phone number, and Migo assesses your eligibility on the spot. If you're approved, funds are sent directly to your bank account. No wallet. No extra steps.
Your information stays protected
We know that sharing personal and financial data takes trust, especially online. That's why Migo is NDPR/NDPA certified. Your data is encrypted, stored securely, and never shared with third parties without your consent.
Clear terms. No surprises.
Every Migo loan comes with a clear repayment schedule, typically between 14 and 90 days, depending on your loan. You'll always know what you owe and when it's due before you accept.
Trusted by leading businesses across Nigeria
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loans disbursed
Nigerians served
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in credit extended
of lending in Nigeria
Common questions about Migo loans
Getting a Migo Loan
No. You can conveniently apply for the loan from your mobile phone. All you need is a bank account linked to a valid BVN. Visit Get a Loan to apply now.
We work hard to ensure that your loan enters your account, or the account of the merchant that you are paying, immediately after you complete your application session. If for some reason your transaction does not happen this way, please Contact Us.
The best way to see if you qualify for a Migo loan is to apply! Visit Get a Loan to apply now.
- Enter and verify your phone number here: Get a Loan or dial our dedicated USSD code *561# and follow the instructions.
- Choose the best fitting loan offer.
- Add your banking information so Migo can pay you.
Questions? Contact Us.
No. You can access Migo from your mobile phone any time by logging into our web portal with your mobile number at Get a Loan. Or, by dialing *561#.
No, you do not need any collateral or documentation to request a Migo loan.
Yes, to avoid multiple screen selections, you can use USSD menu shortcuts by placing your menu selections in the code you dial. Here are some examples:
- *561*1*1*1# Take out a loan
- *561*1*3# Repay a loan
- *561*1*4# Check loan balance
- *561*1*5# Extend your loan
- *561*1*6# Terms and conditions
No, your loan offers are specific to you.
Yes, as long as your SIM registration details match your bank account details. We operate our USSD service across all networks.
About Migo Loans
We aim to make you an offer every time you make a request, no matter how small. However, in instances where we are unable to ascertain your personal information, we may not be able to make you an offer.
Migo loan amounts range from N750 up to N1,000,000 and beyond! For first-time borrowers, we start with a smaller loan to build a relationship, and as you establish trust with us, your loan offers increase over time.
Your loan offers are based on your repayment history with Migo. The more you pay your loans back on time, the higher the amounts you can be offered.
With Migo, your offers are a reflection of your borrowing behavior. The best way to increase your loan offers is to repay your loan on or before the due date. The better your repayment history, the better your future offers will be. If for some reason you are unable to repay in full and on time, extending your loan is a better alternative for preserving your credit record with Migo, rather than allowing your loan to default.
Loan Repayment
For us to keep increasing your loan offers and offering loans to more people, we ask that you repay your loans when due. In the unfortunate event that you do not repay your loan on the due date, you will incur additional fees for default.
If you still do not repay, further penalties, as agreed in the Terms and Conditions, will be issued.
Rather than paying late or defaulting, extending your loan is a better alternative that will help to preserve your credit history with Migo.
If you can no longer access the phone you used to accept your loan, you can repay using our “pay with cash” option. Please visit Repay a Loan and scroll down to "pay with cash" for details on this payment method.
There are several ways to pay back your Migo loan. Visit Repay a Loan to review your payment options.
- Log in at Repay a Loan.
- Select your preferred repayment method.
- Change the payment amount.
- Confirm the payment.
Extending a Migo loan is easy!
- Dial *561# or log into your account with your mobile number at Repay a Loan.
- Select “Loans”.
- Go to “Extend Loan”
No. But we are always looking for better ways to serve you. Visit the Repay a Loan page to review payment options and make a payment.
You can repay your Migo loan using any valid debit card. If you previously registered a card and would like to change it, please log in with you mobile number at Repay a Loan and follow the instructions to add a new payment card.
No. Please visit Repay a Loan to view the list of our Migo verified repayment methods. Any repayment method that is not on this list is fraudulent.
Please beware of fraudulent actors that attempt to steal your funds by posing as a Migo repayment option.
Migo cannot be held liable for fraudulent transactions that result from engaging with such transactions. If you come across such fraudulent actors, please report them to Customer Support.
Yes. Migo accepts transfer payments through a unique account number that will be sent to you, only when you request it. Once you successfully make the transfer to the account number, you will get a payment confirmation message. To review transfer payment instructions, or make a payment using the transfer option, visit Repay a Loan.
Interest & Tenure
Interest rates and loan amounts vary based on your personal information and loan repayment history. Interest rates can decrease, and loan amounts can increase, with good repayment history.
Terms & Conditions
We developed our Terms and Conditions with your comfort and security in mind, so that you understand what you are agreeing to when you accept a Migo loan. A summary of key terms from our Terms and Conditions is below:
- Pay loan balance on or before the due date: This term means you understand that you are taking a loan that must be paid back by the due date in order to continue enjoying the service.
- Allow use of your personal data to determine loan offers: This term means that you have given consent to Migo to analyze your personal information in order to provide you with the best available loan offers. Your personal information comes from many sources, including your phone, your bank, bill payments, credit bureaus, and other sources.
- Fees and penalties for late payments: In order to lend to more customers, and increase your loan offers, we must recover loans granted. When you do not repay your loan on the due date, we are forced to charge additional fees and interest. This term means you have given your consent to be subject to these charges if your loan repayment is late.
- Allow messages to your contacts if you do not pay: This term means you consent to Migo sending text messages to anyone you have called, or sent an SMS to, if we are unable to reach you. Migo will only send these messages after multiple unsuccessful attempts to contact you after your loan repayment date has passed.
Please visit Terms & Conditions to read our full Terms & Conditions. If you need further explanation, we would be happy to help you. Feel free to Contact Us.
Errors
Your loan is linked to your phone number and BVN, so we will need to go through our verification process with you. Please Contact Us, and we will be happy to resolve this.
Our system only sends out notifications as a last resort in instances where customers have been unreachable. If you have repaid your loan, please Contact Us with proof of payment that includes the date of payment. One of our customer care representatives will be happy to assist you.
Please accept our apologies – sometimes there are interruptions in service among our network of partners. Please Contact Us with proof of deposit that shows the date of payment, and one of our customer experience representatives will be happy to assist you.
Security & Privacy
Your security and privacy are our highest priority. We have implemented multiple security measures to safeguard your information and are fully compliant with all regulations and national laws governing consumer data protection.
