SmartCash PSB is Airtel Nigeria’s Payment Service Bank. It was launched to give more Nigerians easy access to financial services. You can open a wallet using a USSD code or through the SmartCash mobile app.
With Smartcash, you can receive and transfer money, you can buy Airtime or data and so much more. Also, you can borrow money from them without much hassle.
Here’s how you can borrow money from SmartCash PSB:
1. Set Up Your Wallet
Dial *939*0# on your phone.
Follow the prompts to register using your NIN, BVN, or SIM details.
You’ll be asked to create a 4-digit PIN and set a security question.
You can also visit any SmartCash agent for help.
If you complete full registration using your BVN, you can unlock higher limits.
2. Access the Loan Option
Once your wallet is active, you can check if you are eligible for a loan.
This can be done through the app or by dialing the USSD code.
SmartCash checks your credit profile based on your personal information and how you use your wallet.
If you qualify, you will see how much you can borrow and the loan conditions.
3. Choose Loan Amount and Duration
You can use the mobile app or USSD menu to select the loan amount and repayment period.
The system will show the interest rate, fees, and how much you need to repay.
4. Review and Confirm
Check all the loan details carefully.
Make sure you understand the total cost, due date, and any extra charges.
Once you’re sure, confirm the loan.
5. Receive the Money
After approval, the money will be sent directly to your SmartCash wallet.
You can use the money to buy airtime, pay bills, or transfer it to your bank account.
6. Repay the Loan
You can repay the loan through the app or USSD code.
Repayment is usually done automatically on the agreed date.
Paying back on time helps improve your chances of getting a bigger loan next time.
Late payment may attract penalties or affect your credit score.
Is SmartCash PSB Safe?
SmartCash PSB is owned by Airtel and regulated by the Central Bank of Nigeria. It was created to support safe and easy banking for everyone, especially people without access to regular banks.
It has received awards and continues to grow, but some users have complained about app errors and slow support. So make sure your app is up to date and your details are correct before applying.
Final Tips
- Complete your full registration with BVN for better features.
- Borrow only what you can repay.
- Always read the loan terms before confirming.
- Contact SmartCash support if you run into issues.
SmartCash PSB makes it easy to borrow money straight from your phone. It’s useful for short-term needs if used wisely. Always borrow responsibly.
