For current MTN Diamond Yello customers, XtraCash provides a quick and easy option to obtain a cash loan. The loan can be used to pay bills, buy things, send money between people, purchase airtime, and withdraw money from your mobile phone;
Who is eligible for XTRACASH?
You must be a customer and fulfill the requirements listed below in order to be eligible for an XTRACASH loan:
1. Be older than 18 years of age
2. Have an active Diamond Yello Account. You can open an account right away by dialing *701# to become one.
3. To utilize your wallet and Airtime account frequently.
4. Have a flawless XTRACASH repayment record.
5. Have no XTRACASH loans that are still due.
6. Customers with open loans should not be permitted to take out new loans.
7. Customers must be informed that on the date of the loan’s maturity, the borrowed amount will be automatically deducted from their Diamond Yello Account.
8. Customers must be informed that they can begin early loan repayment.
9. If only a portion of the balance is paid, the provider recovers the fee before the principal.
10. Any loans that are not repaid after the due date will automatically be extended for an additional month.
Customers must be made aware of this requirement both when the loan is confirmed and in a follow-up SMS. This will also be stated in the service’s terms and conditions.
On the predetermined due date, the loan balance will be automatically deducted from the Diamond Yello Account. A second strategy By using the “repay loan” option from the XTRACASH menu, the loan may be paid off in full at any moment.
Customers must be informed that on the loan maturity date, repayment of the borrowed amount will be deducted automatically from their Diamond Yello Account. Additionally, clients must be informed that they can start an early loan repayment process.
Get an additional loan using The Migo Loan Payment or Union Bank Loan Code
The service recovers the charge first and then the principle in the event of a partial payment.
After the maturity date, any outstanding debts will automatically be renewed for a further month. Customers must be made aware of this requirement both when the loan is confirmed and in a follow-up SMS. This will also be stated in the service’s terms and conditions.
How To Check Balance
Simply dial *606# from your phone and choose the “XtraCash balance” option to check your balance. Prior to settlement, you will also get SMS notifications with the loan balance.
What Occurs If I Fail To Make Loan Payments?
1. Your loan must be repaid within thirty (30) calendar days. Failure to do so will lower your hour credit rating.
2. You will be allowed an additional thirty (30) calendar days if you don’t make your payments within the first thirty (30) days of the loan’s distribution. Any outstanding balances will accrue interest at a rate of 18.64% per month throughout the rollover periods.
3. Should the loan not be completely repaid after one hundred eighty (180) calendar days following the loan’s distribution date:
You acknowledge that any debt may be collected using your BVN from other bank accounts, deposits, or digital wallets that you own.