How to Get a Qwikiloan Using MTN MoMo?
In South Africa, mobile money services are becoming an essential financial tool for anyone needing quick access to short-term credit. MTN MoMo’s Qwikloan — powered in some regions by JUMO — offers a fast, paperless way to borrow money directly from your phone. Whether you prefer using the MoMo App or the USSD menu, the process is simple, convenient, and accessible to millions of MTN subscribers.
Here’s a clear breakdown of how Qwikloan works, who’s eligible, and how you can access it instantly.
Who Is Eligible for a Qwikloan?
Before applying, users must meet certain basic requirements. These criteria help MTN assess responsible lending and determine loan limits:
You must be 18 years or older .
You need a valid South African ID (or the appropriate ID for your region).
You must be a registered MTN MoMo user .
You must be an active MoMo wallet user , meaning you transact frequently — paying bills, sending money, buying airtime, and more.
You need to have been an active MTN subscriber for at least 3–6 months .
The more active your MoMo usage, the higher your chances of qualifying for better loan amounts over time.
How to Apply for a Qwikloan Using the MTN MoMo App
For many users, the MoMo App is the most intuitive way to request a Qwikloan. The application process takes just a few minutes:
Open the MTN MoMo App and log in.
If you don’t have it yet, download it from your app store and complete registration.
Go to the “Loans” section on the app menu.
Select Qwikloan by JUMO (or the equivalent quick-loan provider for your region).
Review and accept the Terms & Conditions and the consent clause.
The system will check your eligibility .
If eligible, you’ll see the available loan amounts customised to your MoMo usage.
Select the loan amount you want.
You’ll receive a quote showing the applicable interest, fees, and repayment amount.
Confirm the application using your MoMo PIN.
Once approved, funds are instantly deposited into your MoMo wallet for immediate use.
How to Get a Qwikloan Using a USSD Code
If you don’t have the MoMo App installed, or you’re using a feature phone, you can still apply via USSD.
Use the code that applies to your region:
South Africa: *151#
eSwatini: *007#
Uganda (MoKash/Quick Loans): 165 5#
After dialling the code:
Select Loans or Quick Loans (usually option 6 or 7).
Choose Request Loan .
Select your preferred loan amount from the options displayed.
Enter your MoMo PIN to confirm the application.
You’ll receive an SMS confirmation if the loan is approved, and the money will be credited to your MoMo wallet immediately.
How Qwikloan Repayment Works
Repaying your Qwikloan is straightforward:
Repayments are deducted from your MoMo wallet .
You can make manual repayments at any time — full or partial — via both the app and USSD.
Some regions also offer an auto-repayment schedule , ensuring repayment is made on the due date to avoid penalties.
Staying up to date with repayments improves your credit standing within the MoMo system and increases your eligibility for higher loan amounts in the future.
Final Thoughts
Qwikloan through MTN MoMo offers a quick, secure and fully digital way to access emergency cash without paperwork or long queues. Whether you apply through the MoMo App or via USSD, the process is designed to be fast, simple and accessible — especially for users who actively use their MoMo wallet.