National telecommunications company, Globacom, is allowing its pre-paid subscribers to borrow airtime and data for friends, associates, and family members. The service is called “Borrow for Others”.
The service allows you to request airtime and data for friends and family when they have run out of airtime or data and you are expected to pay back on your next recharge within a specified period.
You can qualify for Glo borrow for others with any balance in your main account but you need to have been a loyal and consistent subscriber on Glo for at least 3 months (90days) and have a good usage history for you to be eligible for Glo Borrow for Others service.
the borrower is expected to have a good credit history with the network, adding that he or she would pay back on the next recharge within a given period or by dialing *321*9*9#.
The company said the borrowed airtime could be used to call other networks or make international calls, while the borrowed data could be used to browse the internet, as the subscriber desires.
How to Borrow Data or Credit For Others on Glo
You can borrow now and pay later for others by dialing *777# or *321#.
Below is how to use *777# code to borrow credit for others on Glo :
- Dial *777# on your Glo line.
- Enter 9 for borrow credit or data
- Enter 4 borrow credit for other
- You will see the amounts you can borrow
- Enter the number next to the amount you want to borrow and tap send
- Enter the phone number of the recipient
- Tap SEND
The amount they will receive is less than than 15% service charge which will be recovered together with the credited amount next time you reload.
How to Pay Back
You can manually repay the loan by dialing *321*9*9#
If you don’t repay your loan after 72hours, your account will be swept off any airtime remaining there subject to the loan taken.
Can your friends and family make international calls with the Borrow for Others?
Ans: Yes, they can
What happens if I don’t repay my loan after 72 hours?
Ans: Your account will be swept off any airtime remaining there subject to the loan taken. You will not be able to access the Service until you pay back the entire amount owed, and it will adversely affect your credit rating which is important for qualifying for higher amounts in the future.
I applied for N500 but they got N425 instead, why?
Ans: The amount they receive is less than a 15% service charge which will be recovered together with the credited amount next time you reload.
I borrowed N500 and I had N500 in my account prior and I have not reloaded since, at what point do you start deducting from the remaining balance?
Ans: We will begin deducting from the borrower’s main account within 72 hours after Borrowing the loan.
Can I borrow more than once without repaying the first loan?
Ans: Yes. You are allowed just an additional time to borrow again without repaying the first as long as the loan is within your eligibility Matrix. But you must completely repay the 2 loans before you are eligible for another.
What happens to my Borrow Me Credit in the event I replace my SIM card?
Ans: Your Borrow Me Credit service remains intact and will be accessible as soon as you replace your SIM card as long as the grace period has not expired, which is currently at 72 hours.