Migo – loan application
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Notice: This service is no longer available
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 The website is no longer accessible and the app has been withdrawn from the market.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.
We recommend choosing one of the active lenders: Compare loans →
Screenshot of https://migo.money, operated by: Migo Money, used under legitimate licence.
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Migo – repayment table
Estimated monthly repayments at 5.00% monthly interest. Actual terms confirmed upon approval.
| Amount \ Term | 1 months | 3 months | 6 months | 12 months |
|---|---|---|---|---|
| ₦100,000 | ₦105,000 | ₦38,333 | ₦21,667 | ₦13,333 |
| ₦200,000 | ₦210,000 | ₦76,667 | ₦43,333 | ₦26,667 |
| ₦300,000 | ₦315,000 | ₦115,000 | ₦65,000 | ₦40,000 |
| ₦400,000 | ₦420,000 | ₦153,333 | ₦86,667 | ₦53,333 |
| ₦500,000 | ₦525,000 | ₦191,667 | ₦108,333 | ₦66,667 |
Representative example
Loan amount
₦250,250
Repayment term
12 months
Monthly interest
5.00%
Monthly repayment
₦33,367
Total interest costs
₦150,150
Total amount payable
₦400,400
* Example is for illustration only. Actual terms are confirmed upon loan approval.
Quick overview
Loan amount
₦500 – ₦500K
Term
1 – 12 months
Interest from
5.00%
Approval
5 minutes
Age
18+ years
Online application
Yes
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