Getting a loan in Nigeria used to be one of the most stressful things ever. You had to go to the bank, fill out forms, bring guarantors, and sometimes even wait weeks before hearing back. But today, with the rise of microfinance banks and digital apps, you can apply for a loan from the comfort of your home.
One of the banks leading this new wave is Links Microfinance Bank, with their Sofri mobile app and USSD code (*723*2222#). Whether you are an individual or a small business owner, Sofri gives you access to quick loans without the stress of traditional banks.
Learn More About Links Microfinance (and Sofri)
In 2022, the Central Bank of Nigeria (CBN) approved DLM Capital’s acquisition of Links Microfinance Bank, officially making it a CBN-licensed institution.
Soon after, they launched the Sofri app as their digital banking arm. Sofri (which means “so free”) is designed to make banking stress-free. In 2025, the Sofri app has already gone through major upgrades to improve loan access, savings, and payments for Nigerians.
What Links Microfinance Bank (and Sofri App) Offers
Loans – Quick personal loans, salary advances, car loans, and SME/business facilities.
Bank Transfers – Send and receive money instantly across Nigerian banks.
Savings & Current Accounts – Flexible savings options and everyday accounts.
Bill Payments – Electricity, TV, internet, and other utilities.
Airtime & Data Top-Up – Recharge in seconds.Debit Cards – Verve/ATM cards for everyday use.
USSD Banking (*723*2222#) – Apply for loans, transfer funds, and check balance, all without internet.
Sofri Mobile App – full digital access: open accounts, request loans, save, and pay bills.
Types of Loans on Sofri App
Quick Cash Loan – Instant small loans for emergencies.
Nano Loan – Very small short-term loans, ideal for first-time borrowers.
Salary Loan – A short-term loan against monthly salary.
Car Loan – finance for vehicle purchase.
Business Loan (SME) – designed for entrepreneurs and small businesses.
Step-by-Step: Applying for a Loan with the Sofri App
1. Download the Sofri mobile app (Google Play Store / Apple App Store).
2. Open an account (if you don’t have one).
3. Log in and select Loans from the menu.
4. Choose the loan type (Quick Loan, Nano Loan, Salary Loan, etc.).
5. Enter the loan amount and duration.
6. Review the interest rate and repayment terms.
7. Confirm with your Sofri PIN.
8. Funds are disbursed into your Sofri/Links account if approved.
Step-by-Step: Applying for Loan with Links USSD
1. Dial *723*2222# (from your registered phone number).
2. From the menu, select Loans.
3. Choose the loan product you want.
4. Enter the loan amount.
5. Confirm your Links/Sofri account number.
6. Enter your USSD PIN.
7. You’ll receive a confirmation on screen and via SMS about loan approval or rejection.
Common Issues & Fixes
Account not found → You must already have a Links/Sofri account (via app or branch). Download the Sofri app first and setup up account, this process cannot be done with the USSD process.
Loan declined → This can occur if you don’t meet eligibility or haven’t built transaction history. Retry with a smaller loan amounts first.
Network downtime → If you see an error screen with some random numbers or something like this “Banking services unavailable,” wait and retry later.
Wrong PIN → Reset via the Sofri app or visit a branch.
Frequently Asked Questions (FAQ)
1. What is the official Links USSD code for loans?
The code is *723*2222#, then select Loans.
2. Can I get a loan without using the Sofri app?
Yes, you can use the USSD code if you already have an account.
3. Do I need collateral?
No, Sofri loans are unsecured but subject to credit checks and eligibility.
4. How fast will I get the loan?
If approved, funds are sent instantly into your account.
5. What types of loans are available?
Quick Cash, Nano Loans, Salary Loans, Car Loans, and SME/Business Loans.
Conclusion
Applying for a loan from Links Microfinance Bank has been made simple with their Sofri app and USSD code. Instead of standing in long bank queues, you can now request a loan in minutes and receive funds directly into your account.
With Sofri, both personal and business users can access credit faster, while the USSD option gives offline users the same opportunity. This is why Links MFB and Sofri remain two of the strongest names in Nigeria’s digital microfinance space today.
