MTN Qwikloan / quick is a financial solution by AFB Ghana and MTN MoMo that provides a convenient loan to subscribers of MTN MoMo, it is a very easy and simple way.
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Do you find it difficult to get a loan using your MTN MoMo account or get the notification that you are unable to apply for MTN QwikLoan?
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The MTN Qwikloan has some conditions attached to it. You must have an active MTN MoMo account to start with.
Your initial loan amount should be between GHS 45 –GHS 50 and based on how fast you paid the loan will determine how high the next amount for the loan will be.
you have reached your loan application limit mtn
you trying to get a new loan and mtn tell you you have reached your loan application limit. This can be very difficult to handle because you urgently need that loan money for something.
But since you have reached the limit, the only thing you can do here is to wait, and give yourself some time off mtn quick. you can try other loan applications too
why it is not possible to get another MTN Qwikloan
So the reason for you not being able to apply is that you couldn’t pay your previous loan within the stipulated time. Anytime you are given a loan you are given an ultimatum of thirty days to repay.
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During this time, your loan amount will not be taken from your wallet, rather if you are able to repay during that period without taking money from your wallet, you are considered credit-worthy.
Be mindful that if you wait for the system to make automatic deductions you will be found wanting and getting another chance is minimal.
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The next reason is you entered the penalty zone. You see when your thirty days have elapsed and you get reminders that you owe them do not take it on a lighter note.
This is because they are in dire need of their money and will not rest until the last pesewa is paid.
Again you will be paying 12% of the loan amount as a penalty for late payment. If this continues two times, you will not be considered honorable enough to be given another opportunity to request a loan.
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Solutions To Get Approved For Mtn Qwik/quick loans In Ghana
What can one do to prevent such awkward situations? First, contact MTN and make your complaints to them when you seem not to get access to the QwikLoan offer. You stand a chance of having the account reinstated to assist you with the loan facility.
If it does not work this way, then you stand a chance of being at risk by registering a new account attached to your business.
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To be on the safe side, just pay the loan before the time elapses and both parties will be happy. There would not be any back-and-forth story, no disgrace, or lack of trust.
how to qualify for mtn loan
how to qualify for mtn quick loan? it’s simple. You should have used your mtn number for some time now. Off a legal age, thus you gotta be 18 years and above to be able to take the loan, And do not forget your mtn momo wallet should be active and used for transactions in the maximum of 90 or more.
mtn quick loan contact number
for the mtn quick loan contact number, you cannot contact them directly but if you are looking to apply for a quick loan, then you have to dial the short code *170# after following the instructions to proceed.
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how to deactivate mtn quick loan
Understand this mtn does not provide a way for you to deactivate your quick loan account. But if you feel you can’t use their quick loan service anymore, contact them and request to delete or deactivate your quick loan account. sure hope they will be able to help you out.
MTN quick loan defaulters list
So what exactly is the mtn quick loan defaulters list? Well supposing you sign up for a quick loan from Mtn and your request was granted but after you failed to pay back the loan within the given time. this is where the defaulter’s list comes in, your name will be put up on the list indicating you’re mtn quick loan and need to pay it back as soon as possible.
What happens if I don’t pay my MTN quick loan?
Well if you don’t pay your MTN quick loan, your names go on the defaulters’ lists, and mtn deducts any money that gets on the number that was used to sign up for the qwikloan. And not forgetting a 12.5% penalty on your deductions, so do pay your qwikloan on time to avoid all these.
How to pay MTN Qwikloan
To get your MTN Qwikloan here’s what you have to do;
- Step #1: Dial the mtn momo short code *170#
- Step #2: Select option 5 for Financial Service
- Step #3: Select option 3 for Loans
- Step #4: Now choose or select option 1 for Qwikloan
- Step #5: Select option 2 to Repay the loan
- Step #6: You enter your momo pin to proceed
these are the steps to follow to repay your MTN Qwikloan.
Getting approved for mtn qwikloan these days is hard but there are qwikloan alternatives that are easy to get approved for.
here is a list of the qwikloan alternatives;
1. Xpress Loan
2. Fido Loan
4. Access Payday loan
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You must be a current MTN subscriber in order to be qualified for a qwikloan
You must be at least 18 years old
You must have been an active MTN subscriber for at least the previous 90 days.
Your MTN Mobile money wallet must be actively used in transactions for an extended period of time in order to be eligible for a reward.
Customers of MTN who want to take the qwikloan need to dial *170# on their mobile phones, and select option 6 to gain access to the Qwikloan service.
Mtn QwikLoan allows a 30-day loan term with a single repayment with a 6.9% interest rate
As long as you don’t have any outstanding loans to pay, you qualify for an MTN loan when you request it.
What if they tell you you have reached your limit?? What then do you do?
Reach out to MTN for help
I have paid before the due time but MTN still refuses to grant me another loan..why is this happening
Please call MTN to find out why
Need a loan from mtn
Waiting for response from mtn
I have been using MTN for more than 3years but they denied me a loan for even once why?
Thank you for comment but it’s best you contact MTN for help.
Pls wat if they tell u that u have reached your limit
I’m sorry we can’t help with that.
I’m using MTN for almost 14years but they denied to give me another loan that l didn’t pay my loan on time since last year please help me thanks
I don’t owe loan but I can’t get a new loan pls can u help me out
I applied for a loan and paid it after three days but when I apply again they said I don’t qualify
I have pay my lone is about a year ago but the didn’t want to give me again
I have pay my loan long time ago but the refused to give me a loan
I actually delayed in paying my loan. Now that l am ready to pay MTN failed to transact and reactivate my MoMo.
I don’t owe mtn any loan but they keep rejecting my application
I still need a loan now what should I
I paid my loan but whenever I ask again they said I’m not qualify. Why ?
I don’t owe mtn but have refused to give loan till date
I have tried to get a loan from mtn but the always denied me why is it so
Almost three years they have refused me a loan I paid on time no delays but they still won’t give another loan
I always pay my loans before the due time but mtn have refused to give me another loan why?
I don’t owe. MTN but have denied
Me loan for 3years now how do
I qualify again
So what do we I do to get my
I’ve been using Mtn for more than 3 months now but they still say I’m not qualified for quick loan.
I was taken and paying but they said I was not qualified. I don’t know why.
Greetings MTN I have requested for a loan but the keep telling me I don’t qualify after using MTN sim for 1 year plus
I want to reply my loan but I get transaction failed after selecting loam
I want to pay my loan but when I dille
*170# and I go 5 when I press the loan then it will cart
For past 10yrs am using this sim still they say am not qualified eiiiii MTN too ooo
I always take loan and I pay on time too now de3 they say am not qualified boi3
Now the Economy of Ghana is high so it may be they are short of money
hahaha. Abena you made Admin laugh 😂😂
I don’t owe MTN but when ever I ask for a loan they refuse to offer me
I payed my loan and requested for another one,the process was successful but still the loan has not been paid into my account
I actually delayed in paying my loan of 2k due to Covid 19 ( 2 yrs) ago but after then I was able to pay back and I have deposited and done transaction over 40k with my momo acct but yet MTN kept denying me loan again why?
I defaulted and paid off 4yrs ago. Till date I don’t qualify for a loan again. I am a loyal customer and use both momo, airtime and data frequently.
What do you do when mtn tells you that you’ve reached your limit?
I was denied access to another loan after settling what i owned. I have a challenge with getting the hard copy of my Ghana Card and therefore couldn’t complete the registration process.
I have been denied of another loan for 3 years now.
Someone borrowed from my account but I couldn’t paid early but now I want to pay so what should I do. I even deposited some but it is still there. Thanks
I’m told i do not qualify for loan that age limitations apply meanwhile I’m over 30+