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How To Borrow On Mtn (airtime And Data)

How to Borrow on MTN: A Comprehensive Guide

Are you tired of running out of airtime or data on your MTN line? Do you need to make an important call or send an urgent message but can't because you're low on credit? Worry not, borrowing in MTN is an easy and convenient solution to your problem. In this article, we will guide you on how to borrow in MTN and provide you with all the information you need to know.

Table of Contents

What is MTN Xtratime?

MTN Xtratime is a service that allows MTN users to borrow airtime or data when their balances are low. This service is available to all MTN users, whether prepaid or postpaid. With MTN Xtratime, you can borrow airtime or data and pay back later.

How to Borrow Airtime in MTN

To borrow airtime in MTN, follow these simple steps:

  1. Dial *606# on your MTN line
  2. Select “Xtratime” from the menu
  3. Choose “Request Airtime”
  4. Select the amount of airtime you want to borrow
  5. Confirm your request

Once you have confirmed your request, the borrowed airtime will be credited to your account immediately. You will be charged a small service fee for borrowing airtime, which will be deducted from your next recharge.

How to Borrow Data in MTN

To borrow data in MTN, follow these simple steps:

  1. Dial *606# on your MTN line
  2. Select “Xtratime” from the menu
  3. Choose “Request Data”
  4. Select the amount of data you want to borrow
  5. Confirm your request
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Once you have confirmed your request, the borrowed data will be credited to your account immediately. You will be charged a small service fee for borrowing data, which will be deducted from your next recharge.

MTN Xtratime Eligibility Criteria

To be eligible for MTN Xtratime, you must meet the following criteria:

  1. You must be an MTN user, whether prepaid or postpaid.
  2. You must have been active on the MTN network for at least 3 months.
  3. You must have a good repayment history.
  4. You must have used up to 80% of your airtime or data bundle.

If you meet these criteria, you can borrow airtime or data in MTN whenever you need it.

MTN Xtratime Service Fee and Repayment

When you borrow airtime or data in MTN, you will be charged a service fee, which varies depending on the amount you borrow. The service fee will be deducted from your next recharge.

To repay the amount you borrowed, simply recharge your MTN line as you normally would. The amount you borrowed, plus the service fee, will be deducted from your recharge. You can also repay the borrowed amount using the MTN Xtratime repayment code, which is 606amount#. For example, if you borrowed N100, you can repay it by dialing 606100#.

Advantages of Borrowing in MTN

Borrowing in MTN comes with several advantages, including:

  1. Convenience: You can borrow airtime or data whenever you need it, without having to recharge your account immediately.
  2. Flexibility: MTN Xtratime allows you to borrow different amounts of airtime or data, depending on your needs.
  3. Accessibility: The service is available to all MTN users, whether prepaid or postpaid.
  4. No collateral: You don't need any form of collateral to borrow in MTN.
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Disadvantages of Borrowing in MTN

Borrowing in MTN also comes with some disadvantages, including:

  1. Service fee: You will be charged a service fee for borrowing airtime or data, which can be higher than the amount you borrowed.
  2. Repayment: You must repay the amount you borrowed, plus the service fee, from your next recharge. This can be inconvenient if you have other pressing needs.
  3. Eligibility criteria: You must meet certain criteria to be eligible for MTN Xtratime, which may exclude some users.

Conclusion

Borrowing in MTN is an easy and convenient way to get airtime or data when you need it. With MTN Xtratime, you can borrow different amounts of airtime or data, depending on your needs, and pay back later. However, you should also be aware of the service fee and repayment terms before borrowing. If you meet the eligibility criteria, MTN Xtratime can be a useful service to have.

FAQ

How do I check my eligibility for MTN Xtratime?

You can check your eligibility for MTN Xtratime by dialing *606# and selecting “Xtratime” from the menu.

Can I borrow airtime and data at the same time in MTN?

Yes, you can borrow airtime and data at the same time in MTN, as long as you meet the eligibility criteria.

How much service fee do I pay for borrowing in MTN?

The service fee varies depending on the amount you borrow. You will be informed of the service fee before confirming your request.

Can I repay the borrowed amount before my next recharge?

No, you must repay the borrowed amount, plus the service fee, from your next recharge.

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What happens if I don't repay the borrowed amount in MTN?

If you don't repay the borrowed amount, plus the service fee, from your next recharge, you will not be able to borrow again until you repay the outstanding amount.