How to Borrow Airtime from MTN

How to Borrow Airtime from MTN – Airtime plays a crucial role in our everyday lives, enabling communication and facilitating important tasks. However, there are situations where we may run out of airtime and are unable to recharge immediately; we might start thinking about how to borrow airtime from MTN. This is where MTN’s airtime borrowing service, MTN XtraTime, proves invaluable. It offers customers a convenient solution to access airtime even when they don’t have cash readily available. MTN XtraTime enables customers to borrow airtime on credit if they have run out, with the condition of paying it back on their subsequent recharge. MTN XtraTime is exclusively accessible to Prepaid customers who meet the eligibility criteria.

In this article, we will explore the latest process on how to borrow airtime from MTN, ensuring you stay connected whenever the need arises. Additionally, we will outline the eligibility criteria and explain the repayment process, providing a comprehensive understanding of how this service operates.

MTN XtraTime Eligibility Criteria

To qualify for the XtraTime service, you must meet the following requirements:

– Must be part of a Prepaid customer on the MTN network

– Make sure your phone number is registered with MTN

– Have been using the MTN network for a minimum of 3 months

– Have made monthly expenditures of at least N200 for the past 3 months

– Maintain a balance between N0 and N75 in your main account.

How To Check If You Are Eligible To Borrow Airtime On MTN

To determine if you are eligible for the XtraTime service, you have multiple options:

1. Dial *303#, select ‘My Account’, and choose the option ‘1’ to check your eligibility.
2. Send an SMS with the keyword ‘STATUS’ to 303.
3. Dial 303 and follow the voice prompt to confirm your eligibility status

How To Borrow Airtime From MTN Using The MTN USSD Code

To borrow airtime via the *303# menu, follow these steps:

1. Open your dialler App Dial *303# and choose the XtraTime option.
2. Select the desired amount from the available options.
3. You will receive a pop-up message indicating the amount you are about to borrow as well as the applicable service fee.
4. To proceed with the transaction, you need to respond to the message by entering “303”.
5. After confirming the transaction, there will be a service fee, and you will be credited with the remaining airtime balance to your XtraTime account, and send you a notification confirming the successful transaction.

How To Borrow Airtime From MTN Using The MTN IVR

To borrow airtime via the 303 Interactive Voice Responses (IVR), follow these steps:

1. Dial 303 and listen for the language options, which include English, Igbo, Hausa, or Yoruba.
2. Once you have selected your preferred language
3. You will be prompted to choose between XtraTime or XtraByte.
4. If you select XtraTime, you will be provided a list of available airtime amounts.
5. From the provided list, select the desired amount.
6. The system will then provide a message stating the amount you are about to borrow and the applicable service fee.
7. You will be asked to confirm the transaction.
8. After confirming the transaction, the system will subtract the service fee and credit the remaining airtime balance to your XtraTime account.
9. A successful notification message will be sent to you.

Please be aware that a service fee of 15% will be charged on every borrowed amount.

A Break Down On How MTN Service Fee Works

We will give you a comprehensive breakdown of how the MTN XtraTime service fee works.  A service fee of 15% will be applied to all lending groups. Please note that the service charge will be subtracted from the borrowed airtime before it is credited to your XtraTime account.

For example, if you request N25, you should note that a service fee of N3.75 (15% of N25) will be deducted. As a result, you will be credited with N21.25 in your XtraTime account. However, your main account will be debited with N25, resulting in a balance of -N25. This means that you will need to repay N25 on your next recharge.

Let’s say you borrowed N100 Airtime from MTN, a service fee of N15 (15% of N100) will be removed from your account. Consequently, you will be credited with N85 in your XtraTime account. However, your main account will be charged with N100, resulting in a balance of.

Rounding Up

If you have been looking for how to borrow airtime from MTN, you should note that the MTN XtraTime offers an effortless and convenient solution for MTN customers to borrow airtime whenever they require it. This service can be accessed through the user-friendly USSD code *303# or by dialing 303 on the IVR. With these available MTN XtraTime options, MTN customers can easily obtain airtime whenever they need it, regardless of their location or the time of day.

Please note that the borrowed airtime will be credited to your XtraTime account. The XtraTime service offers the following available airtime denominations: N25, N50, N100, N200, N400, N500, N750, N1000, N1500, N2000, N3000, and N5000.