MTN XTRA CASH

MTN XtraCash is a service that allows eligible customers access short term micro credit loans via a USSD platform from their phones. This service will not be available to all customers it will be available ONLY to eligible prepaid customers who are Diamond Yello Account holders. And a customer can check if he/she is eligible by dialing *606# to access the Xtracash USSD menu.
Balance can be checked by dialing *606#. An individual can borrow either N5,000 or N10,000 based on eligibility and the Xtracash loan amount would be credited into his/her Diamond Yello Account. There is a fee for this service with an interest rate of 15% that is applicable to the service.
The Xtracash service has a maturity period of 30days. A customer has to pay up all outstanding Xtracash loans to be eligible to use the service again. In addition, a customer can borrow Xtracash as many times as possible as long as he/she has no outstanding Xtracash loan obligation.
For the customer to make initial payments before maturity date he/she can repay through the “REPAY XTRACASH” On the menu. The customer can make partial (in multiples of N1000) or full repayment from his/her account and when maturity date for repayment comes, the customer will receive a notification when he/her Xtracash loan is due.