Paga Loan: How To Borrow Money On Paga App, Paga Loan Codes And Ussd Codes

Paga Loan is a short-term loan service offered by Paga, a leading fintech company in Nigeria. It allows eligible users to borrow between N2,000 and N500,000 entirely through the Paga app, bypassing traditional bank visits and lengthy paperwork. This makes it a convenient and quick solution for unexpected expenses or bridging temporary financial gaps.

Paga has emerged as a game-changer in a world where financial flexibility is of the utmost importance. The company does this by providing customers with the chance to borrow money conveniently through their app by making use of particular loan codes and USSD. 

The Paga loan feature is designed to provide financial assistance to individuals in need, offering a user-friendly and efficient borrowing experience.

This blog post will cover every detail about Paga loan: how to borrow money on Paga app, paga loan codes, and USSD codes.

Key features

Loan amounts: Up to ₦500,000, depending on your eligibility.

Accessibility: Paga Loan is easily accessible through the Paga mobile app, ensuring users can apply for loans from the convenience of their smartphones. Additionally, for users without access to the app, Paga offers the option to apply for loans using USSD codes on their mobile devices.

Simple Application Process: The loan application process on Paga is designed to be user-friendly. Applicants are required to provide basic personal information, select their desired loan amount, and choose a repayment duration. This streamlined process makes borrowing quick and straightforward.

Swift Approval and Disbursement: Paga understands the importance of timely financial assistance. The platform aims to provide quick approval and disbursement of loans, allowing users to address their financial needs promptly.

USSD Codes for Convenience: Paga recognizes the diversity of its user base and offers an alternative to the app through USSD codes. Users can dial *242# on their mobile devices to access the Paga USSD menu, guiding them through the loan application process.

Flexible Repayment Options: Paga Loan provides users with flexibility in choosing their repayment plans. This ensures that borrowers can select a duration that aligns with their financial capabilities, making the repayment process more manageable.

Competitive Interest Rates: Paga strives to keep its interest rates competitive, making it an attractive option for individuals seeking affordable financial assistance. The platform is committed to providing transparent and fair terms to its users.

Security Measures: Security is a top priority for Paga. The platform employs robust security measures to safeguard the personal and financial information of users, ensuring a secure and confidential borrowing experience.


Quick Approval: Paga's streamlined process ensures that loan applications are processed swiftly, providing users with a quick response.

Flexible Repayment Options: Paga offers a range of repayment durations, allowing users to choose a plan that aligns with their financial capabilities.

Competitive Interest Rates: Paga strives to keep its interest rates competitive, making it an attractive option for those seeking affordable financial assistance.

Secure Transactions: Paga prioritizes the security of user information, employing robust measures to safeguard personal and financial details.

Paga Loan Requirement

Here are the requirements for getting a Paga loan:

  1. Be a registered Paga user: You must have a Paga account and have been using it for some time.
  2. Have a Bank Verification Number (BVN): Your BVN must be linked to your Paga account.
  3. Have a good transaction history: Paga will look at your past transactions to assess your creditworthiness.
  4. Be at least 18 years old: You must be an adult to apply for a Paga loan.
  5. Have a regular source of income: Paga will want to make sure that you have a way to repay the loan.

How To Borrow Money On Paga App

Here's How To Borrow Money On Paga App:

  1. Download the Paga app from either the Google Play Store or the Apple App Store.
  2. Sign up for a Paga account by entering the required personal information and verifying your identity using your BVN.
  3. Once your account is set up, navigate to the loan section within the app.
  4. Choose the loan amount and repayment duration that best suits your financial needs.
  5. Provide accurate employment details and any additional information required to complete the loan application.
  6. Submit your loan application for review.
  7. Paga Loan will assess your application and notify you of the loan approval status.
  8. If approved, the loan amount will be disbursed to your registered bank account within a short period.
  9. Repay the loan as per the agreed terms, either through automated deductions or manual repayments.

How To Borrow Money On Paga With USSD

  1. Using your mobile device, dial *242#.
  2. Follow the on-screen prompts to register an account if you haven't done so already.
  3. Choose the loan option from the provided menu.
  4. Input the loan amount and repayment duration based on your requirements.
  5. Provide the requested employment and personal details accurately.
  6. Submit your loan application for consideration.
  7. Once your application is reviewed and approved, the loan will be disbursed to your registered bank account.
  8. Ensure timely repayment to maintain a positive credit history and eligibility for future borrowings.

Paga Loan Codes And Ussd Codes

You need to have an account with Paga before you can use any of their USSD codes. To make a Paga account, just follow these easy steps:

  1. Dial *242# on your mobile device.
  2. When asked, link your NIN.
  3. Type in your first and last name.
  4. Enter your BVN (Bank Verification Number) if you want to.
  5. Make a 4-digit PIN and make sure it's correct.
  6. You'll get a confirmation message with your 10-digit NUBAN number in it.

How to Send Money to an ATM or Paga Agent:

  1. Dial 2423# on your phone.
  2. Enter the amount you want to send or withdraw.
  3. Enter the mobile number of the Paga agent or the phone number linked to the ATM card you'll use.
  4. Enter your PIN to confirm the transaction.
  5. You will receive a text message with unique codes for the Paga agent or ATM to complete the withdrawal.

USSD Code to Change Your PIN

Here's what you need to do to change your PIN:

  1. Dial *242#.
  2. Pick the eighth choice.
  3. Type in your old PIN.
  4. Type in the new PIN and make sure it works.

Paga USSD Codes For Paying Your Bills:

Making bill payments with Paga is quick and easy using USSD codes. Here are the important Paga USSD codes for various services:

  1. DStv: 2428*10#
  2. GOtv: 2428*20#
  3. StarTimes: 2428*13#
  4. Consat: 2428*04#
  5. Montage: 2428*11#
  6. SMILE: 2428*01#
  7. SPECTRANET: 2428*12#
  8. SWIFT: 2428*14#
  9. AEDC: 2428*03#
  10. PHED: 2428*16#
  11. JED: 2428*17#
  12. EKEDC: 2428*18#
  13. KEDCO: 2428*19#


How can I apply for a Paga Loan?

To apply for a Paga Loan, download the Paga app from the Google Play Store or Apple App Store, create an account, navigate to the loan section, choose the desired loan amount and repayment duration, provide required information, and submit your application for review.

Can I access Paga Loans without the app?

Yes, you can. Dial *242# on your mobile device to access Paga Loans through USSD. Follow the on-screen prompts, enter the required information, submit your application, and, upon approval, the loan will be disbursed to your registered bank account.

What information is needed for a Paga Loan application?

Paga requires personal information such as your name, contact details, and sometimes employment information. The exact details may vary, but the application process is designed to be user-friendly.

How long does it take for a Paga Loan to be approved?

Paga Loan aims for swift approvals. Once you submit your application, Paga will review it, and if approved, the loan amount is disbursed to your registered bank account within a short period.

Can I repay my Paga Loan early?

Yes, Paga encourages responsible borrowing. You can repay your loan before the agreed-upon term without incurring any penalties. Early repayment can positively impact your credit history.

What happens if I miss a loan repayment?

If you miss a repayment, it's important to contact Paga's customer support promptly. They can provide guidance on possible solutions and help you avoid negative consequences 


With Paga loans, you can now get the money you need to be financially free. If you want to borrow money through Paga, it's easy to do so thanks to their user-friendly app design and simple USSD codes. Paga is here to make getting money easy, quick, and available to everyone. Say goodbye to long forms and endless waiting  

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