Migo – online loan Nigeria
Instant mobile loans up to ₦500,000 disbursed in 5 minutes.
Migo (formerly known as Mines.io) has discontinued its consumer lending services in Nigeria. The website is no longer accessible and the app has been withdrawn from the market. We recommend comparing alternative lenders below.
Screenshot of https://migo.money
Migo – Instant Mobile Loans Nigeria
Migo (formerly Kwikmoney) is a digital lending platform that offers instant loans through USSD code *561# or the Migo app. Loans range from ₦500 to ₦500,000 and are disbursed within 5 minutes of approval.
How Migo works
Migo uses advanced algorithms to assess creditworthiness based on your phone usage and bank transaction history. No paperwork, no collateral – just a few taps on your phone.
✓ Pros
- Very fast disbursement
- No collateral needed
- Available 24/7
- Works on any phone
✗ Cons
- Lower loan limits for new users
- High interest rate 5% monthly
- Short repayment periods
Loan example
Loan ₦50,000 for 30 days. Total payable = ₦52,500. Interest = ₦2,500.
Loan requirements
- ✓ Nigerian bank account
- ✓ BVN verification
- ✓ 18+ years old
Loan features
- USSD code *561#
- No paperwork required
- Disbursement in 5 minutes
- Repayment via bank transfer
Frequently asked questions
5 minutes after submitting your application.
The minimum amount at Migo is ₦500.