Monday, February 18, 2019

Some Basic Facts On MTN XtraCash

MTN XtraCash is a service that allows ONLY eligible MTN prepaid customers who are Diamond Yello Account Holders access a short-term Micro Credit loan via the USSD platform from their mobile phones with an interest rate of 15% applicable to the service.

Basic Facts On MTN XtraCash

  • The Xtracash Loan amount would be credited into MyCustomer’s Diamond Yello Account.
  • Customer can check eligibility by dialling *606# to access the Xtracash USSD menu.
  • When an ineligible customer dials this USSD command s/he will receive a message stating ineligibility for the service.
  • Eligible customers can request for Xtracash by simply dialling *606# then select Xtracash from the menu.
  • Customer can also check balance in his/her account by dialling the USSD menu code *606#
  • Based on eligibility, customers will be able to borrow either N5,000 or N10,000.
  • The Xtracash Loan will be credited into the customer’s Diamond Yello Account with a 15% interest rate.
  • The Xtracash Loan has a maturity period of 30 days.
  • Customers with outstanding Xtracash loans will not be able/eligible to borrow additional funds.
  • Customer will receive a notification when his/her Xtracash loan is due for repayment.
  • Customer can make repayments for his/her loan before the maturity date through the “Repay Xtracash” on the menu and this can be made in multiples of #1000.
  • Full repayment of Xtracash loan can be made by the customer from his/her Diamond Yello Account
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