MTN QwikLoan is a Mobile Money loan service initiated by afb bank in collaboration with the biggest telecommunication company in Ghana, MTN Ghana.

The Qwikloan service allows users to enjoy up to a maximum of one thousand Ghana Cedis (GHC 1000) loan cash without going through too much stress. 

You can do this from the comfort of your home by just dialing the quickloan code and following the prompts.

See how to get GHC 1000 using your MTN SIM card. Read on.

What is the Requirements for MTN qwikloan.

Although the quick loan service is available to all mtn customers, not all are eligible for the offer. To qualify for an MTN momo loan you must meet the following requirements.

  1. You must be an active MTN subscriber.
  2. You must be 18 years and above.
  3. You must be an active MTN subscriber for the past 90 days or more
  4. Your MTN Mobile money wallet must be actively used in transactions for a long period of time.
  5. The applicant must not have an outstanding loan amount to pay.


How to get bigger amount

This is simple and has clearly been stated in their terms and conditions. To qualify for bigger loan amounts you need to:

  • Pay previous/outstanding loan on time
  • actively use your momo account for transaction seamlessly


Steps to apply for this loan.

The loan application is quite simple and straightforward. After you’ve met all the requirements, follow the steps below to apply for the loan. Leave any questions below if you need answers.

  1. Dial *170#
  2. Enter option 5 (Financial Services)
  3. Enter option 3 (Loans)
  4. Enter option 1 (QWIKLOAN)
  5. Enter option 1 (Get loan)
  6. Enter your Mobile Money PIN to proceed

You’ll receive a mobile money alert confirming payment of the amount into your wallet. Now walk to any vendor and withdraw your cash, like a boss.

Features of the MTN Quickloan

This loan service comes in handy when one is totally “broke” and needs an amount to sort him/herself out. The quick loan has the following features.

  • It is simple and easy to access
  • Loan repayment time is a 30-day period
  • The minimum loan amount is GHS 50 and maximum GHS 1000
  • Customers can reapply for the loan after paying outstanding debts.

How to repay your MTN qwikloan

The loan amount is automatically deducted from ones account when the time for repayment is due. However, you can delibrately pay before the actual deadline by following the steps below. It’s simple

  • Make sure you have the due amount available for repayment
  • Deposit the said amount into your mtn mobile money wallet
  • Dial *170#
  • Enter option 5 (Financial Services)
  • Enter option 3 (Loans)
  • Enter option 1 (QWIKLOAN)
  • Enter option 2 (Repay loan)
  • Enter your Mobile Money PIN to proceed

Following the preceding steps to repay your mtn qwikloan

How to qualify for larger loan amounts

To qualify for a huge amount on mtn qwikloan, one needs to keep borrowing and repay on time severally.

What’s the interest on MTN Quickloan repayment?

There is an interest rate of 6.9% on every loan you take from QUICK LOAN

Frequently Asked Questions. (FAQs)

Whats the MTN Quick Loan Code?

Dial *170# to access the MTN Quickloan

MTN Quickloan limit?

The maximum amount a qualified subscriber can take is GHS 1000


MTN QuickLoan Defaulters

Loan defaulters are not entitled to new loans until the outstanding amount is paid in full.


  • Francis Amoah Nuako

    Francis Amoah Nuako, professionally known as PC Boss, is a Ghanaian blogger and SEO expert. He is the founder of PC Boss Online, a tech blog that publishes technology-related articles primarily for Ghanaian audiences. He holds a Bachelor of Science in Nursing (BSc Nursing) and a Bachelor of Science in Information Technology (BSc Information Technology) from the University of Health and Allied Sciences and Ghana Communication Technology University, respectively.

Post update on June 12, 2021