Are you out of Airtime and you want to make important call or send an SMS and you don’t have call credit a Go subscriber ?
One o the top notch Telecommunication company in Nigeria has introduce Borrow me credit which allows active Glo prepaid subscribers who meet the eligibility criteria borrow airtime and repay back on their next recharge.
Glo’s airtime borrowing service is designed for customers to borrow airtime when they run out of credit and pay it back later with a little extra fee.
Why you might need to borrow airtime from Glo
There are several reasons why someone might need to borrow airtime from Glo:
Emergencies:
- Urgent Calls: In urgent situations where you need to make an important call but have no airtime, borrowing airtime from Glo can be a lifesaver.
- Medical Emergencies: If you need to call for medical help or contact family members during a medical emergency, borrowed airtime can be crucial.
- Security Concerns: In case of a security threat, you might need to call for help or alert others, and having airtime becomes essential.
Unexpected Situations:
- Running Out of Airtime Unexpectedly: Sometimes, you might run out of airtime unexpectedly, and borrowing a small amount from Glo can help you stay connected until you can recharge.
- Delayed Salary or Payment: If you are expecting a salary or payment that is delayed, borrowing airtime can help you stay connected with friends, family, or work contacts.
Convenience:
- Avoiding the Hassle of Recharging: Borrowing airtime can be more convenient than searching for a recharge point, especially in remote areas or late at night.
- Quick and Easy Access: Glo offers easy ways to borrow airtime through USSD codes or the Glo Café app, making it a quick solution.
Eligibility criteria for Glo Borrow Me Credit
2. Usage history: You should have a good usage history with regular recharges and airtime usage.3. Outstanding balance: You should not have any outstanding balance on your Glo line from previous borrowings.
4. You sim card should be register and link to NIN
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How to borrow airtime from Glo Nigeria
Borrow Me Credit:
This service allows you to borrow airtime directly for yourself when you run out. Here’s how:
1. Dial *303# on your Glo line.
2. Select the Borrow Credit option from the menu.
3. Choose the amount of airtime you want to borrow.
4.Once done you will receive a Confirmation that your borrowed airtime is credit to you less the service fees of 15%
Borrow for Others:
- Dial *303# to borrow airtime for another Glo user.
- Follow the prompts and provide the recipient’s phone number and the amount you want to borrow for them.
- Borrowed Airtime will be deducted from your next recharge.
Benefits of borrowing airtime on Glo
Glo Airtime Borrowing Service is a mobile service that allows users to borrow airtime when they run out of credit balance. This service comes with a lot of benefits that make it a convenient option for users who frequently find themselves in need of extra airtime.
One major benefit of using Glo Airtime Borrowing Service is that it provides users with instant access to airtime whenever they need it. This means that users can make calls, send messages, and access the internet even when they have no credit balance on their account.
This can be particularly helpful in emergency situations where communication is crucial.
Another benefit of using Glo Airtime Borrowing Service is that it eliminates the need to top up airtime physically through scratch cards or vouchers. This can save users time and effort, as they can simply borrow airtime through their mobile phone without having to go to a store to purchase airtime
Glo Airtime Borrowing Service also provides users with the flexibility to repay the borrowed airtime at a later date. This means that users do not have to worry about immediately repaying the borrowed airtime and can use it freely until they are able to top up their account. This can be particularly helpful for users who may not have the means to top up their account right away but still need to make calls or send messages.
Additionally, Airtime Borrowing Service is available 24/7, which means that users can borrow airtime at any time of the day or night, even when stores are closed.
The Service is a convenient option for users who may not have access to traditional banking services. Users can borrow airtime through their mobile phones without the need for a bank account or credit card, making it accessible to a wider range of users. This can be especially beneficial for users in remote or underserved areas who may not have easy access to traditional banking services.
What is Consequences of not repaying on time
- You may become ineligible to use the Borrow Me Data service again if you have a history of defaulting on repayments.
- It will affect your credit score and ability to obtain a higher credit in the future.
How to pay back glo airtime loan?
1. You can repay back glo borrow me credit by by dialing *321*9*9#
2, The next time you recharge your Glo line after borrowing airtime, the borrowed amount, along with a small service fee, will be automatically deducted from the recharge amount.
3. Complete or partial deduction:
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- If your recharge amount is sufficient to cover the entire borrowed amount and service fee, the full amount will be deducted, and the remaining balance will be credited to your account as airtime.
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- If your recharge amount is not enough to cover the entire amount owed, the entire recharge amount will be used to offset the debt, and the remaining balance will be deducted from your next recharge.
Example:
Let’s say you borrowed ₦1000 airtime, and the total repayment amount (including the service fee) is ₦1050.
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Scenario 1: If you recharge with ₦1100, ₦1050 will be deducted for the airtime loan repayment, and you’ll have ₦50 remaining as airtime.
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Scenario 2: If you recharge with ₦900, the entire ₦900 will be used towards the airtime loan repayment, and you’ll still owe ₦150, which will be deducted from your next recharge.
Frequently Asked Questions (FAQ)
Q: 1. Can anyone borrow airtime on the Glo network?
A: No, not everyone can borrow airtime on the Glo network. There are specific eligibility criteria that subscribers must meet to qualify for Glo’s Borrow Me Credit and Borrow For Others services.You need to have been a loyal and consistent subscriber on Glo for at least 4 months and have a good usage history
Q: 2. What happens if I can’t repay the borrowed airtime on time?
A: Repeatedly failing to repay borrowed airtime can negatively affect your creditworthiness with Glo, which may limit your eligibility for future services or promotions
Q: 3. Is there a limit to how much airtime I can borrow on Glo?
A: Yes, there is a limit to how much airtime you can borrow on Glo is N2000
Q; 4. How much is glo service charges for airtime borrow
A: Glo charges a 15% service charge for borrowing airtime through their “Borrow Me Credit” service. This means if you borrow ₦100, you will receive ₦85 and will need to repay ₦100 when you recharge.
Q; Can I manually repay the Glo airtime and data loan?
Yes yo can manually repay your loan by dialing *321*9*9#
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