How To Borrow Money From Glo | A Beginner Guide

As someone who often needs to borrow money from Glo for airtime, I understand the importance of knowing how to do it properly. Although Glo doesn’t offer traditional money-lending services, they do have an option that allows you to borrow airtime credits. This airtime borrowing service can be a lifesaver when you need to make calls, send SMS, or even perform small online transactions.

In this article, I’ll guide you through the process of how to borrow money from Glo in the form of airtime credits. I’ll explain what the Glo airtime borrowing service is, who is eligible to use it, and the step-by-step process to borrow airtime credits. I’ll also touch on the advantages and disadvantages of using this service, and the importance of repaying the borrowed credits on time.

How To Borrow Money From Glo

Whether you’re a frequent user of Glo’s airtime borrowing service or considering it for the first time, this article will provide you with all the information you need to borrow money from Glo seamlessly. Let’s dive in!

What is Glo’s Airtime Borrowing Service?

Glo’s airtime borrowing service is a way for prepaid Glo subscribers to get airtime credits even when they don’t have enough money to recharge. When you borrow airtime, Glo gives you a certain amount of credit that you can use for making calls, sending text messages, or doing small things online. But remember, you have to pay back the borrowed airtime credits when you recharge your account next time.

This airtime borrowing is not like getting a regular loan from a bank or lender. It is only for getting airtime credits from Glo that you can use right away. After using the borrowed credits, you must repay them by recharging your Glo account as usual.

Eligibility Criteria for Borrowing Airtime

To borrow airtime from Glo, there are some requirements you need to meet. First, you must be a prepaid Glo subscriber. If you have a postpaid or monthly plan, you cannot use this airtime borrowing service.

Secondly, Glo has set some eligibility rules that you have to follow. These rules decide if you can borrow airtime or not. The exact details of these requirements are not publicly shared by Glo. My advice is to visit Glo’s website or contact their customer care to understand what the current eligibility criteria is.

The eligibility criteria may change from time to time based on Glo’s policies. So it’s best to check the updated requirements before trying to borrow airtime. Meeting all the criteria is important to ensure your airtime borrowing request is approved by Glo.

Step by Step Guide on GLO borrow money

Borrowing airtime from Glo is a simple process. First, you need to dial *301# on your Glo number. Or you can visit Glo’s “Borrow Me Credit” service online through their website or mobile app.

Once you initiate the request, you’ll get some prompts on your phone or the website. Follow these prompts carefully and provide any required information. This could include your account details, how much airtime you want to borrow, etc.

After completing all the steps, your airtime borrowing request will be processed. If approved, you’ll get the borrowed airtime credits in your account instantly. You can then use these credits to make calls, send SMS messages, or do small transactions online.

Just make sure you understand Glo’s terms for repaying the borrowed credits when you recharge next time. Follow all steps properly for a smooth airtime borrowing experience.

Repaying Borrowed Airtime Credits

When you borrow airtime credits from Glo, it’s important to remember that you have to pay them back. The borrowed credits are not free. You must repay the full amount when you recharge your Glo line next time.

Glo will automatically deduct the borrowed airtime credits from your recharge amount. So if you borrowed 200 credits and recharge 500 credits, you’ll only get 300 new credits after repaying the 200 borrowed ones.

Repaying on time is very crucial. If you delay or fail to repay the borrowed credits, Glo may discontinue or disrupt your services. This can lead to you being unable to make calls, send texts or use data until the repayment is made.

To avoid such inconveniences, I recommend repaying the borrowed airtime promptly when you do your next recharge. This ensures uninterrupted Glo services and lets you borrow again in the future if needed.

Related : How To Gift Data On Glo

Advantages and Disadvantages

Borrowing airtime from Glo has both advantages and disadvantages. Let me highlight the key ones:

Advantages

1. It’s very convenient to get instant airtime credits when you need them urgently.
2. The airtime borrowing service can be a lifesaver during emergencies when you don’t have time to recharge.
3. The process is simple and can be done quickly through USSD code or online.

Disadvantages

1. This is not a regular loan service to borrow money. The borrowed amount is limited to just airtime credits.
2. The borrowed credits can only be used for calls, SMS and small online transactions on your Glo line.
3. If you don’t repay on time, Glo may disrupt your services until you settle the dues.

So while airtime borrowing is handy, you need to understand its limitations compared to an actual loan or credit facility from a bank or lender.

Conclusion

As a Glo user, I find their airtime borrowing service very convenient when I need instant credits. By dialing or using the online portal, I can access airtime on credit if I meet the eligibility criteria. The borrowed credits let me make calls, send SMS and do small transactions immediately.

However, I have to repay the full amount when I recharge next to avoid service disruptions. While not a traditional loan, airtime borrowing is handy during emergencies. But it’s limited to just airtime credits. As long as I use it responsibly and repay promptly, Glo’s airtime borrowing is a valuable backup.

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