Here Is Why You Are Not Qualified For MTN Quick Loan

Do you ever need money so badly and decide to borrow money from MTN Quickloan only to dial the shortcode and be told ‘You do not qualify’?

Men often find themselves in situations where they are expected to act in a certain way just because of their gender. This can be anything from being expected to take charge and lead the way, to being asked to pay for a date, or even opening a door for a woman. It can be quite frustrating to feel like you have to conform to certain societal norms simply because of your gender. However, it is important to remember that these expectations are not always a bad thing. Many of them can be a sign of respect and kindness, and it is up to the individual to decide how they want to handle them.

When you find yourself in this situation, you will have no option other than to borrow from someone and then pay later.

Sometimes you will be lucky and get a loan, but you will never get one if you are not lucky like us.

Luckily for us, MTN decided to come to our aid. They brought MTN Quick loan. Quick loan is a service that gives loans to you for you to pay within a month with a little interest.

This service has helped a lot of us, as it helps nobody see that we are broke.

How To Request For MTN Quickloan

  1. Dial the MTN mobile money shortcode *170#
  2. Select 5: Financial Service
  3. Choose 3 for loans
  4. Select MTN Quickloan or any other type of loan you want
  5. Select 1: Get a loan
  6. Enter your Mobile Money PIN to continue
  7. Type in the amount you want to collect as a loan

But some people don’t get to qualify for these loans. Imagine when you need a loan, and then you decide to follow these simple steps only to find out you don’t qualify for a loan.

That’s why in this article, I am going to take you through why MTN Quickloan is refusing to give you a loan.

Here Is Why You Are Not Qualified For MTN Quickloan

Your Sim Card Is New

new mtn simcard

Yes, Quickloan is a business, and for that matter, they need to make sure they don’t run at a loss. They are helping you, and you pay back with a little tip.

You may not be eligible for loans if you have a newly activated SIM card. This measure is taken to prevent people from buying a SIM, obtaining a loan, and then discarding the SIM.

What To Do?

One thing you need to be doing is to use your MTN Simcard for quite some time before you will be eligible for a a loan. You will only get a loan if you are an existing mobile money user.

You Don’t Make Transactions On Your Mobile Money Account.

How To Request For MTN Quickloan

  1. Dial the MTN mobile money shortcode *170#
  2. Select 5: Financial Service
  3. Choose 3 for loans
  4. Select MTN Quickloan or any other type of loan you want
  5. Select 1: Get a loan
  6. Enter your Mobile Money PIN to continue
  7. Type in the amount you want to collect as a loan

But some people don’t get to qualify for these loans. Imagine when you need a loan, and then you decide to follow these simple steps only to find out you don’t qualify for a loan.

You Didn’t Pay Your Previous Loan On Time.

Luckily for you, you got the chance to collect a loan, but you didn’t pay within the given month period. And then later paid with a penalty fee.

Securing a loan can often be a difficult process, as lenders may be hesitant to offer one due to the likelihood that the borrower may not be able to pay it back. This could explain why some people may not qualify for an MTN Quickloan even if they have had their sim card for some time.

What To Do?

As soon as a loan is given to you, the platform will be monitoring how you will decide to pay back, whether on time or you will let the days given to you pass.

If you don’t ever want to be rejected when applying for MTN QuickLoan, then you should try and do your possible best to pay your loans on time.
Paying loans on time gives you the ability to get higher loans when you need another one.

You can check out how to use the MTN midnight bundle in the daytime and also if you have an MTN bonus that is due to expire and you have been wondering if there is a way to extend this bonus, the answer is yes, you can, we have an article taking you through how to extend your MTN bonus for another 7 days.

Conclusion

Mobile money Quickloan is here to stay and help us. I will urge everybody to pay on time so that these banks will get money to give it to other people in need.

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