How To Pay MTN Loan And Get Bonus | 2024 Updated Method

Running out of airtime at the worst possible time! Whether it’s making an urgent call or sending that important message, not having enough airtime can be frustrating. Thankfully, MTN has an easy solution with its loan service. But, if you’re wondering how to pay MTN loan and get bonus, I’ve got you covered. I faced the same situation recently and found a simple, hassle-free way to solve it, so let’s dive right in!

How To Pay MTN Loan And Get Bonus

The process of paying off an MTN loan isn’t complicated, but did you know you can actually get a bonus when you do? That’s right! Here’s the step-by-step guide to help you settle your loan and unlock some extra benefits:

1. Borrow Airtime Through MTN XtraTime

First things first—before you can pay back a loan, you need to take one! MTN offers a service called XtraTime, which allows you to borrow airtime when you run out. To borrow airtime, simply dial *606# and follow the instructions. The amount you can borrow depends on your usage and payment history.

You May Also Like to See: How to Loan Airtime From MTN

2. How To Pay Off Your MTN Loan

Once you’ve borrowed airtime and used it, you’ll need to pay it back. Here’s how to do it:

• Recharge your MTN line with the amount you owe or more.
• MTN will automatically deduct the loan amount from your airtime as soon as you recharge.

For instance, if you borrowed ₦500 and recharge ₦1000, MTN will deduct the ₦500 and leave you with the remaining ₦500.

3. Get A Bonus After Repayment

Now, this is the exciting part. After paying off your MTN loan, you can get a bonus for being a loyal customer. MTN sometimes offers extra data or airtime bonuses after loan repayment. To enjoy these bonuses:

• Make sure you recharge with the correct amount.
• Check for special MTN promotions by dialing *131# to see if there’s a bonus offer available after loan repayment.

Sometimes, MTN runs promo deals where you get extra minutes or data as a reward for repaying your loan on time.

Tips To Maximize Your Bonus

To get the most out of this service and ensure you’re maximizing your bonuses, here are a few tips:

• Always recharge on time to avoid missing out on any promotional bonuses.
• Keep an eye out for seasonal offers from MTN, as they might give you extra perks for using their loan service.
• Check your SMS notifications regularly—MTN often sends updates about bonuses and special offers.

Safety Tips When Using MTN Loans

While MTN loans can be super helpful, it’s essential to use them responsibly. Here are some safety tips to keep in mind:

• Avoid borrowing more than you can repay: It’s tempting to take advantage of the XtraTime service, but always borrow within your means. Over-borrowing can lead to future recharges being eaten up entirely by debt repayment.
• Watch out for scams: Be cautious of unsolicited calls or messages claiming to offer MTN loan services. Only dial MTN’s official codes, like *606#, to access airtime loans. Scammers may try to trick you into providing personal details or sending money.
• Track your spending: Keep track of how much airtime you’re borrowing and repaying. This way, you won’t be surprised when your recharge is lower than expected due to automatic deductions.

Conclusion

Paying off your MTN loan is simple, and with the added possibility of earning a bonus, it’s even more beneficial. By borrowing airtime through MTN XtraTime and promptly repaying it, you can not only clear your debt but also take advantage of extra rewards. Make sure to stay alert for promotional offers and recharge on time to unlock these bonuses. With these easy steps, you’ll never be caught off guard when your airtime runs low!

Frequently Asked Questions (FAQs)

Q1. How long does it take for MTN to deduct the loan after recharging?

MTN usually deducts the loan immediately after recharging. If it doesn’t happen instantly, wait a few minutes and check your balance.

Q2. Can I borrow airtime more than once before repaying?

No, you must repay the current airtime loan before borrowing again through MTN XtraTime.

Q3. Do I always get a bonus after paying the MTN loan?

Not every time, but MTN runs periodic promotions where loyal customers can receive bonuses after loan repayment. Always check for updates!