Telecom service provider, MTN Nigeria has launched an on-demand loan service called MTN MoreTime.
MTN MoreTime service allows subscribers take airtime and/or data loan at 0% service fee when they run out of airtime. Customers also get additional 400% airtime bonus on airtime loaned ONLY and not on Data BUT will only pay back the face value of the loaned amount on the next recharge.
For example, if you pick an airtime loan from N25 – N5000 and get a 400% extra bonus. You get to pay it back in 30 days. You can get a 1.2GB data loan at N1000 and payback in 30 days.
Summary of MoreTime Bands;
Who Is Eligible For MTN MoreTime
The MTN MoreTime is available to ONLY Prepaid customers that are eligible for the XtraTime service. To be eligible for MoreTime service you MUST;
1. Be a Prepaid customer
2. Have registered your number
3. Have been on MTN network for more than 6 months
4. Have spent at least N200 monthly for 6 months
5. Have between N0 and N75 in your main account
6. Paid up any outstanding XtraTime or MoreTime loan request
7. Have available credit limit.