How to Repay a Migo Loan

Many people have asked how to go about their Migo Loan repayment so today we have decided to cover how to repay a Migo Loan.

I’ve just made my first two payments on my Migo loan. The first one was a bit of a headache, Iwill admit. I couldn’t find my Migo ID on the Migo website, and I was at work when the fax machine ran out of paper. But the second one was a breeze. My Migo ID was just waiting for me on the website, and the fax machine was ready to go. I can’t wait for the day I can afford to pay off my loan.

Ways to Repay Your Loan

Also Read: How To Pay Off A Loan Faster

Use a Transfer to Pay

1. Select “Pay Loan” and enter your phone number.
2. Choose “Bank Transfer” from the available payment options.
3. Choose a bank.
4. To continue with the payment, click the button.
5. Your phone will display a dialing code.
6. Choose the name of the bank you’re sending money to.

Online payment

1. Provide your phone number.
2. Choose “Pay Loan”
3. Choose “Pay with card” from the available payment options.
4. Choose the payment card you already stored, or click “add card” and follow the prompts to register a new card.
5. When you confirm your payment, you will get a notice to that effect.

Pay with USSD

1. Dial *561# to pay using USSD from any mobile device.
2. Choose “Loans”
3. Visit the ‘Pay Loan’ page.
4. Choose “Pay with phone” from the list of available payment options.
5. Choose “add card,” then adhere to the card registration procedures.
6. When you confirm your payment, you will get a notice to that effect.

Pay with Cash

Visit one of the banks listed below:

1. Access Bank
2. Fidelity Bank
3. Guaranty Trust Bank
4. Keystone Bank
5. Sterling Bank
6. UBA
7. Wema Bank

Tell them that you want to use PAYDIRECT to pay for Migo. The phone number you used to request your Migo loan should be used as the Customer Reference Number for Paydirect as there is no account number to pay into. We suggest that you go to the bank early to prevent lines for your convenience.

Pay at an ATM

Please go to an ATM that supports Quickteller.
In case you require a token, make sure you have the phone that gets bank alerts with you. Then, take the following actions:

1. Insert your ATM card, then choose “Quickteller.”
2. Choose “Pay Bills.”
3. Choose “Others”
4. Biller Code: Type “04354101” in the field
5. For “Customer Reference Number,” enter the phone number currently associated with Migo.
6. Verify the payment
7. You will get a message confirming your payment.

Please be aware that there is a processing charge of N100.