Get a QuickLoan by USSD
Summary
Borrow a QuickLoan from the main USSD menu and get a decision straight away. About 2 minutes · 5 steps. Also called: instant loan, fast loan, emergency loan.
Prerequisites
- The phone with your registered number and an active membership.
- A USSD PIN. See Set or reset your USSD PIN.
- QuickLoan switched on by your SACCO. Some offer it, some don't.
Step-by-step
Dial your network's code (Kenya
*384*25611#, Uganda, MTN*165*4*4#, Uganda, Airtel*185*7*3*3#). Dialling from your registered number is the sign-in.Reply 3 for QuickLoan on the main menu and send.
Figure 1: The USSD main menu on the phone: Pay to Account, Pay to Reference Number, QuickLoan, Church Pay, then your SACCO. Reply 3 to start a QuickLoan Read the amount available to you, then type the amount you want and send. You cannot go above the amount shown.
Accept the terms and conditions when the phone asks.
Enter your PIN to confirm. The decision is instant; if approved, the money is sent and a confirmation message arrives.
Note: A QuickLoan has a short term — the due date is in the confirmation message. You can repay early, in part or in full: Repay a loan by USSD.
Common pitfalls & FAQ
- QuickLoan isn't on my menu. Not every SACCO offers it. Ask yours whether it is switched on for you and whether your membership is active.
- It won't let me borrow more. The cap is what your SACCO has worked out for you. The offer on screen is the maximum.
- I'm not eligible. Eligibility grows with your savings, share capital and repayment record. Keep saving and repaying on time, and ask your SACCO what is missing.
- Did it go through? Keep the confirmation message. If none arrives, contact your SACCO and ask about your application before trying again.