MTN is one of the leading telecommunication companies in Africa, with millions of customers. It offers a wide range of services, including calling, text messaging, and data services. Sometimes, you may need to make an important call or send a message, but you run out of credit. In such cases, borrowing airtime from MTN can be a lifesaver.
What Is Airtime Borrowing?
MTN airtime borrowing is a service that allows customers to get credit from the network provider when they run out of airtime. The borrowed airtime is deducted from the customer's next recharge. It is a convenient service, especially when there is no other means of getting airtime.
How To Borrow Airtime From MTN
Borrowing airtime from MTN is simple and easy. Here is a step-by-step guide:
- Ensure that you are eligible for the service. To be eligible, you must have been an MTN customer for at least three months and must have used an average of N200 monthly.
- Simply dial *606# on your phone
- Select "XtraTime" from the menu options
- Select the amount of airtime you want to borrow
- Confirm the transaction and wait for an SMS from MTN, confirming the transaction
Things To Note When Borrowing Airtime From MTN
Interest Rates
When you borrow airtime from MTN, you will be charged a service fee. The fee varies depending on the amount of airtime borrowed. You will also be charged an interest rate of 15%. This means that if you borrow N100, you will have to pay back N115.
Repayment
The borrowed airtime will be deducted from your next recharge. This means that if you recharge N1,000, the borrowed airtime amount will be deducted first, and you will get the remaining balance.
Eligibility
As mentioned earlier, to be eligible for the service, you must have been an MTN customer for at least three months and must have used an average of N200 monthly.
The Conclusion
Borrowing airtime from MTN can be a lifesaver, especially when you need to make an important call or send a message, and you have no airtime at all. It is a convenient service that can be accessed easily by following the simple steps mentioned above. However, it is important to note the interest rates and repayment terms before borrowing airtime from MTN.