How to Use Glo Borrow Me Credit Service

If you are on the Globacomm mobile network, this article will guide you on how to use the Glo Borrow Me Credit. the Glo Borrow Me Credit is a service offered to users of the network to be used to borrow airtime and pay back at a later time. In this article, we will show you how to use the Glo Borrow Me Credit service.

What is Borrow Me Credit Service and how does it work?

This is a service that allows you to request airtime after you’ve run out and are expected to pay for it on your next recharge within a certain time frame.

What is the procedure for applying for the service?

Dial *321# or go to the website by clicking here. A confirmation prompt will be issued to you.

I applied for Borrow Me Credit but received a notice saying I was ineligible?

This could happen for one of two reasons:

  1. You may have recently joined the network and hence may not meet the network’s four-month minimum age requirement. For further information, please see the terms & conditions.

  2. You can owe money on a loan that you haven’t paid back. Before you may apply again, you must first settle this.

What happens if I have a loan and receive airtime through ME2U?

The money will be repaid. If the subscriber has a loan, each transaction that credits the main account initiates a recovery.

What is the minimum balance I need in my account to apply for Borrow Me Credit Service?

With any balance in your main account, you can qualify for this product.

When I update my SIM card, what happens to my Borrow Me Credit?

As long as the grace period has not ended, which is presently 72 hours, your Borrow Me Credit service will be available as soon as you replace your SIM card.

How do I become a candidate for this service?

You must have been a Glo customer for at least 4 months and have a solid use history to qualify. The eligibility matrix can be found in the table above.

What is the procedure for obtaining Airtime?

You can borrow money by going online or dialling *321#. Both techniques will give you the amounts you are eligible for. Use the following short codes to get specific denominations:

  1. *321*50# for N50
  2. *321*100# for N100
  3. *321*200# for N200
  4. *321*500# for N500
  5. *321*1000# for N1000

I tried dialling *321# but received no response.

We recommend that you try submitting the request again. There’s a chance there’ll be a lot of demands on the system, as well as some downtime.

Despite the fact that I applied for the Borrow Me Credit months ago, it was only subtracted this week.

This could be due to a delay in our system receiving network recharge signals. Our system is designed to recover airtime as soon as it receives notification of your reload, and if such alerts are delayed, it may cause a delay in deduction following any of your reloads.

What if I don’t pay back my loan within 72 hours?

You will not be allowed to use the Service until you have paid off the total balance outstanding, and this will have a negative impact on your credit rating, which is necessary for qualifying for larger loans in the future.

Why did I get N425 instead of N500 when I applied for N500?

The amount you receive is less a 15% service charge, which will be refunded along with the amount credited the next time you reload.

When you borrow N500 and already have N500 in your account, and you don’t reload, when do you start deducting from the remaining balance?

72 hours after Borrow Me Credit service, we will begin deducting from the borrower’s main account.

Source: Nyscinfo

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