How to Use the Loan Code
Get a mobile phone connected to a telecommunication network. Dial the loan code on the mobile phone. Wait for the message. Input the digit as instructed by the message. Choose the type of the loan you want. Choose the loan amount you want. Wait to get the loan approval message. Check your bank account balance to check if your bank account has been credited with the loan amount.
How to apply for a Loan?
Contact your bank or financial institution. Check the amount of loan you want. Ensure you have a Nigerian bank account. Check your credit score. Check if you need a collateral security. Fill the loan application form. Wait for the loan approval decision.
Requirements for a Loan
You must have a bank account with a Nigerian bank. You must have a Bank Verification Number (BVN). You must be at least 18 years old. You must be employed. You must have a clean credit record.
types of Loan you can apply for using the Loan Code
Personal Loan, business loan and loan against salary
Profile of Bank
Ecobank is one of the licensed banks in Nigeria. Its products include bank accounts, loans, fixed deposits, commercial papers, debt discounting, factoring and structured finance etc. It is licensed by the Central Bank of Nigeria (CBN) to carry out the business of banking. It is also licensed by the Nigerian Deposit Insurance Corporation (NDIC).
CCP5+3MV, Ahmadu Bello Way, Victoria Island 106104, Lagos
The loan code of Ecobank is shown in this post. This post also explains how to apply for a loan using the USSD code of the bank.