MTN xtratime: Steps to borrow airtime from mtn

Are you out of airtime and you want to make important call and you don’t know what to do? if you find yourself in this situation kindly make use of MTN xtratime service to borrow airtime and repay back on your next recharge

MTN Xtratime is a convenient service offered by MTN that allows users to borrow airtime in situations where their balance is insufficient. This service provides users with the flexibility to stay connected even when they run out of credit, ensuring uninterrupted communication

In this article, we will explore the steps to borrow airtime from MTN Xtratime, including eligibility requirements, borrowing process, repayment terms, and the benefits

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MTN XtraTime is a service offered by MTN Nigeria that allows prepaid customers to borrow airtime when they run out and pay it back later. Here are the benefits:

  • Emergency Credit: XtraTime provides you with a lifeline when you urgently need to make a call or send a message but have no airtime.
  • Convenience: It’s easy to access and use. Simply dial a code or use the MyMTN app to borrow airtime.
  • No Collateral: You don’t need to provide any collateral or go through a lengthy process to borrow airtime.
  • Flexible Repayment: You can repay the borrowed airtime on your next recharge, making it convenient and hassle-free.
  • Multiple Borrowing Options: MTN offers different XtraTime packages with varying amounts of airtime you can borrow, catering to different needs.
  • 24/7 Availability: The service is available 24/7, so you can access it anytime, anywhere.

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Eligibility requirements for MTN XtraTime

To be eligible for MTN XtraTime, you must meet the following requirements:

  •  You must be on an MTN prepaid plan.
  • Your MTN SIM card must be registered with your correct details.
  •  Your main account balance must be between ₦0 (Zero Naira) and ₦75 (Seventy-Five Naira), depending on the amount of airtime you want to borrow.
  • MTN considers your average monthly spending. You need to have spent an average of ₦200 (Two Hundred Naira) monthly for the past three months.
  • You must have paid off any previous XtraTime loan and associated fees.

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How to Borrow Airtime using MTN Xtratime

 

You can borrow airtime using MTN XtraTime through these methods:

1. How to borrow airtime using MTN XtraTime USSD Code:

  • Dial *303#
  • Select “XtraTime”.
  • Choose your preferred amount from the list.
  • Confirm the transaction.
  • The airtime will be credited to your account, and the service fee will be deducted from your next recharge.

2.How to  borrow airtime using MTN XtraTime IVR (Interactive Voice Response):

  • Dial 303.
  • Follow the voice prompts to select your preferred language, then select “XtraTime”.
  • Choose the amount of airtime you want to borrow from the options given.
  • Confirm the transaction.

3. How to borrow airtime using MTN XtraTime MyMTN App:

  • Log in to the MyMTN app.
  • Select “XtraTime” under the “Services” tab.
  • Choose your preferred amount and confirm the transaction.

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How to Repay back MTN XtraTime

 

Repaying your MTN XtraTime loan is simple and automatic. You don’t need to take any special action. The borrowed airtime, along with the associated service fee, will be deducted automatically from your next recharge.

Here’s how it works:

  1. Recharge Your Line: When you recharge your MTN line (through physical recharge cards, online recharge, or other methods), the system will first deduct the XtraTime loan amount and the service fee.
  2. Balance Credit: The remaining balance from your recharge, if any, will then be credited to your main account as usual.

For example, if you borrowed ₦100 and the service fee is ₦15, a total of ₦115 will be deducted from your next recharge. If you recharge with ₦200, ₦115 will go towards the XtraTime repayment, and the remaining ₦85 will be credited to your main account.

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Frequently Asked Questions (FAQ)

 

Q:1. Can anyone borrow airtime using MTN Xtratime?

A:  No, not everyone can borrow airtime using MTN XtraTime. Only prepaid MTN customers who meet specific eligibility requirements can access this service.These requirements include:

 

1.Active and registered MTN SIM card: Your SIM card must be registered with MTN and active.
2.Consistent recharge and usage pattern: You need to have consistently recharged and used your MTN line for a certain period. Typically, this means having an average monthly usage of at least ₦200 for the past three months.
3.No outstanding XtraTime debts: You must have repaid any previous XtraTime loans and associated service fees.
4.Sufficiently low balance: Your main account balance needs to be below a certain threshold (usually ₦75 or lower) to qualify for a loan.

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2. Q: How can I check if I am eligible for the service?How can I check if I am eligible for the service?

A. You can check if you are eligible for XtraTime service by;

Dialling *303#, clicking on ‘My Account’ and selecting ‘1’ to ‘Check eligibility’.
Sending SMS keyword: STATUS to 303
Dialling 303 then follow the voice prompt to confirm if you are eligible or not.

 

Q: 3. What happens if I fail to repay the borrowed airtime on time?

If you fail to repay the borrowed airtime and associated service fee by your next recharge, MTN may take the following actions:

  1.  You will be temporarily barred from accessing the XtraTime service until you settle your outstanding debt.

  2. The amount airtime you can borrow in future time will be affected

Q: 4. Are there any additional charges for using MTN Xtratime?

Yes, there are additional charges for using MTN XtraTime. MTN charges a service fee of 15% on every amount you borrow. This service fee is deducted from the airtime credited to your account.

For example: If you borrow ₦100, a service fee of ₦15 (15% of ₦100) will be deducted, and you will receive ₦85 as usable airtime.

Q:5.Is there a limit to how much airtime I can borrow using MTN Xtratime

Yes, there is a limit to how much airtime you can borrow using MTN XtraTime. The limit varies depending on your usage history and creditworthiness. MTN assesses your eligibility for different loan amounts based on factors like your average monthly spending and previous XtraTime repayment history.

The available airtime bands on MTN XtraTime you can borrow are:

  • ₦25
  • ₦50
  • ₦100
  • ₦200
  • ₦400
  • ₦500
  • ₦750
  • ₦1000
  • ₦1500
  • ₦2000

Q;6  How do I repay the borrowed airtime on MTN Xtratime?

Repaying your MTN XtraTime airtime is a simple and automatic process. It happens automatically the next time you recharge your MTN line

Q: 7. How do I borrow airtime from MTN using Xtratime?

To borrow airtime from MTN using XtraTime, you have three options:

1. USSD Code:

  • Dial *303# on your MTN line.
  • Select “XtraTime” from the menu.
  • Choose the amount of airtime you want to borrow from the options presented.
  • Confirm the transaction to receive the airtime.

2. IVR (Interactive Voice Response):

  • Dial 303 on your MTN line.
  • Follow the voice prompts to select your preferred language and then choose “XtraTime”.
  • Select the amount of airtime you want to borrow.
  • Confirm the transaction.

3. MyMTN App:

  • Log into the MyMTN app.
  • Navigate to the “Services” tab and select “XtraTime”.
  • Choose your desired airtime amount and confirm the transaction.
Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

Contact;Kokobest04@gmail.com
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