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


Paga is a digital platform that allows you to borrow loans, pay bills, and send and receive funds. With the Paga platform, you can enjoy using this platform to perform all these functions. You could even get to utilize all these functions when you use the *242# USSD Code. In this article, you will be reading how you can use this code to obtain loans and perform other transactions. Let’s first look at the requirements needed to obtain a loan from Paga.

Paga Loan Requirements

Nigerian Resident: To be eligible for the loan, you must be of Nigerian descent and live in the country throughout the loan application.

Age: You must be at least 18 years of age and above. Also, the highest age to apply for a loan is 55 years of age.

Active Phone Number: It is pertinent for one to have an active phone number for one to be eligible for the loan. This would enable Paga to communicate with you regarding the loan.

Internet: You must possess a smartphone that has access to the internet. This would enable you to apply for the loan using the Paga app or the Internet.

Bank Account: For you to obtain the loan, you need to possess a local bank account of any choice. The bank account should be active for a minimum of three months.

NIN and BVN: The Paga Loan app requires you to submit your Bank Verification Number and your National Identity Number slip to verify your identity.

A reliable source of income: For Paga, it is essential to possess a stable and good source of income to prove your capability to repay the loan amount. Paga may also require any other proof of your income statement.

READ THIS: Paga Customer Care Phone Number, Email Address, Office Address; Paga Agent Login

How to obtain a loan from Paga

To apply for a Paga Loan, you have to follow the necessary steps. Here are the steps to obtain a loan from Paga Loan.

Step 1: Install the Paga Loan App:

To install the Paga Loan app, you have to go to your Playstore app. You can simply type in the search bar ‘Paga’, and after typing, tap the search button.

Step 2: Register the Account:

Once you have installed the app, do well to create an account with Paga. You would be asked to input your name, email, and other information.

Step 3: Provide your information:

Also, in the registration form you would be asked to fill in your important details. Such information may include Occupation, Income, and Expenses.

Step 4: Apply for a Loan:

Once you have registered your important information, you can request a loan.

Step 5: Wait for approval:

Paga will review your application and then decide on your request.

Step 6: Receive your Funds:

After your loan has been approved, your money will be sent to your account.

How To Borrow Money Through The Paga App

If you want to use the app to borrow money, you can do so using the Paga app. Follow these steps:

Step 1. Download The Paga App And Create An Account

To begin the process of obtaining a loan using the Paga app, first, download the Paga app. If you use an Android phone, navigate to your Google Play Store and search for the Paga App using the app store. If you use an iPhone, go to your App Store and search for the Paga App. Verify your identity and click Install.

To create an account, click on the Register. Input the required information and input your details such as NIN, BVN, and other details.

After you have successfully registered, follow the next step.

Step 2. Enter The Loan Amount

The next step is to enter the loan amount you wish to get. As a new customer, you should know that you may not be eligible to obtain a certain amount of cash. However, choose the loan amount that corresponds with your level and proceed.

Step 3. Submit Your Loan Application

After you have entered the information required and selected the loan amount you want, the next step is to submit your loan application. The review only takes a few hours and you will be notified if your loan request has been granted.

How To Borrow Money Using The USSD Code

You could borrow money from Paga using the USSD Code. Let’s consider the steps to do that:

Step 1. Dial *242#

Step 2. Follow the prompts displayed on the screen.

Step 3. Enter your information and select the loan amount that you wish to have.

Step 4. Wait for your request to be approved.


How do I contact a Paga agent?

To contact a Paga agent, you can call 07000007242. You can Whatsapp Paga at 08099227242.

Who is a Paga agent?

A Paga agent helps a new customer to register a new account on Paga, load cash into the customer account, perform transactions, and also withdraw requests.

Which bank is Paga under?

Paga is under the Central Bank of Nigeria. They recognized and have given licenses to Paga to enable them to operate in Nigeria.

What is my Paga username?

If you can’t remember your Paga username, you could also use your phone number or email to log in. If it doesn’t work, contact the Paga customer care center.

Is Paga safe?

Paga is legitimate and safe to use to perform transactions and obtain loans.


With Paga, you are covered. You can get loans, send and receive money, pay bills, and become a Paga agent all with your phone. If you encounter any problems in obtaining a loan, do well to comment below, we’ll be glad to help you.

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