Migo Loan Repayment: How To Repay Migo Loan

While taking out a loan to solve a financial problem is vital when necessary, it is more important to repay a loan on or before the due date to avoid any form of harassment and enable you to build a good reputation with a lending platform, which will definitely impact your credit score positively and increase your creditworthiness.

Repaying a Migo loan is pretty simple and straightforward since there are different payment methods like bank transfer, ATM, USSD code, etc. that you can use to pay off your loan. Each of these repayment methods has specific steps that you must follow before you can repay your loan successfully.

How to Repay Migo Loan

Migo Loan Repayment

Repaying a Migo loan is not difficult since there are different methods through which you can pay off your loan. The payment methods through which you can use to repay your Migo loan include:

  • ATM
  • Bank transfer
  • Card
  • USSD code
  • Cash

For clarity purposes, we shall be showing you a step by step approach on how you can pay off your Migo loan using the methods outlined above.

1. USSD code

To repay your Migo loan using the USSD code, follow the steps below:

  • On your dial pad, press *561# on any phone number or *554*561# for Airtel customers only.
  • From the options that will prompt, choose a loan option.
  • Now, choose Pay Loan.
  • Select pay with a phone.
  • Input your card details like card number, name, CVV etc.
  • Choose Add Card.
  • Authenticate the loan repayment by entering your card PIN, and that’s all.

2. Bank transfer

  • Visit the Migo official website
  • Input your phone number.
  • Tap on the ‘’Pay my loan’’ option.
  • Verify your phone number by entering the code sent to you in the space provided.
  • Tap on the ‘’Pay loan’’ option.
  • From the available payment options, choose ‘’choose bank transfer’’ as your preferred payment option.
  • Select your bank
  • To proceed with the payment, tap on the ‘’continue button’’.
  • Now, a code will show on your phone.
  • Finally, choose ‘’Providus Bank” as the receiving bank and confirm the transaction by inputting your transaction PIN. 

3. With ATM

  • Visit any commercial bank ATM nearest to you.
  • Insert your debit card into the ATM.
  • Choose the “Quickteller’’ option.
  • Choose the ‘’Pay bill’’ option.
  • Choose ‘’Others’’
  • Input  “04354101” as the biller code in the space provided.
  • Input the phone number linked to Migo to receive ‘’Customer Reference Number”
  • Authenticate and confirm the payment by entering your ATM PIN.
  • If done correctly, you will receive a confirmation message indicating the success of the loan repayment.


You will be charged a N100 processing fee for using the ATM to repay the Migo loan. 

Kindly note that there is a N100 processing fee.

4. Cash

Visit any of the commercial banks listed below:

  • GT Bank
  • Keystone Bank
  • Sterling Bank
  • Access Bank
  • UBA
  • Wema Bank
  • Fidelity Bank

Once you check-in at any of these commercial banks, inform any of their customers that you would like to repay the Migo loan with ‘’Paydirect’’. It is important to note that there is no specific account number that you can pay into, but that particular phone number you used during the loan request should serve as the customer reference number for Paydirect.

5. Card

  • Visit Migo official website
  • Input your phone.
  • Tap on the ‘’Pay my loan’’ option.
  • Verify your phone number by entering the code sent to you.
  • Tap the ‘’Pay loan’’ option.
  • Choose the ‘’pay with card’’ option.
  • Select the card you want to pay with.
  • Enter the card’s details, like its number, name, CVV, and other relevant details.
  • Finally, confirm your payment by entering your transaction PIN.


Paying off your Migo loan is quite simple if you follow the steps outlined in this article closely. When repaying your loan, ensure that you pay with the correct customer reference number for the payment methods that require the number to avoid paying to the wrong account. Also, ensure that you repay your loan on time to enable you to build a good reputation with the lending platform for future transactions.

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