You ever need money so badly and decide to borrow money from MTN Quickloan only to dial the shortcode and be told ‘You do not qualify’?
It happens in our daily lives, and if you are a man, you have experienced what I am talking about at least once in your life.
When you find yourself in this situation, you will have no option other than to borrow from someone and then pay later.
Sometimes you will be lucky and get a loan, but you will never get one if you are not lucky like us.
Luckily for us, MTN decided to come to our aid. They brought MTN Quick loan. Quick loan is a service that gives loans to you for you to pay within a month with a little interest.
This service has helped a lot of us, as it helps nobody see that we are broke.
All you have to do is dial the MTN shortcode *170#
Then select 5: financial service, choose the type of loan you want to collect, they have Quick loans, express loans, and Ahomka loans.
But some people don’t get to qualify for these loans. Imagine when you need a loan, and then you decide to follow these simple steps only to find out you don’t qualify for a loan.
That’s why in this article, I am going to take you through why MTN Quickloan is refusing to give you a loan.
Table of Contents
Your Sim Card Is New
Yes, Quickloan is a business, and for that matter, they need to make sure they don’t run at a loss. They are helping you, and you pay back with a little tip.
You might not be qualified for loans when your Sim card is new. This step ensures nobody buys a sim and then collects the loan and after that throws away the sim.
You will only get a loan if you are an existing mobile money user.
You Don’t Make Transactions On Your Mobile Money Account.
Not sending and receiving money on your mobile money account is one thing that may be limiting you from getting a loan.
Before MTN gives you this loan, they have to check if you have been making transactions on your mobile money account. This step is to check if you can pay on time.
You Didn’t Pay Your Previous Loan On Time.
Luckily for you, you got the chance to collect a loan, but you didn’t pay within the given month period. And then later paid with a penalty fee.
When you are looking for a new loan, it will be hard to get the loan. Simply because the loan service will think you are not going to pay again.
So if you have been wondering why you are still not qualified for MTN Quickloan even though your sim card is not new, then this might be one of the reasons.
You can check out how to use the MTN midnight bundle in the daytime and also if you have an MTN bonus that is due to expire and you have been wondering if there is a way to extend this bonus, the answer is yes, you can, we have an article taking you through how to extend your MTN bonus for another 7 days.
Conclusion
Mobile money Quickloan is here to stay and help us. I will urge everybody to pay on time so that these banks will get money to give it to other peoples in need.
So to the one reading this, have you ever collected Quickloan before?
Or you be one of the ‘Dadabees’?
