MTN XtraCash is an added feature from MTN that lets you borrow money from MTN and pay back later. MTN added this feature sometime last year, with the intention of not allowing their customers get stranded in monetary terms.
What is MTN XtraCash?
MTN XtraCash is an online loan scheme which allows its customers to borrow cash via USSD platform. This feature is similar to MTN XtraCredit that lets you borrow airtime and data for you to pay back later.
Just like XtraCredit, you need to be eligible for XtraCash. In order for you to check if you are eligible for MTN XtraCash, you need to dial *606#, select 9 for next, and select 4 for XtraCash on the menu. From there you will follow the prompt and select the amount that you would like to borrow. You can borrow N5,000 or N10,000 based on eligibility but this is applicable to only MTN customers.
The amount that you want to borrow will be credited to your Diamond Yello account. The Xtracash loan maturity period is 30 days at an interest rate of 15%. You can open a Diamond Bank Yello account by dialing *710# with your MTN SIM card.