Being a salary earner in Nigeria isn’t as stable as it sounds. Your income might come in monthly, but life doesn’t wait for payday. An unexpected medical bill, a car repair, or just the rising cost of everything can knock your budget off balance in seconds.
Everyone says they offer “easy loans” these days, but for salary earners, the real question is: who’s actually playing fair? In 2025, BlockaCash and Migo are two of the most talked-about loan apps. Quick cash? Yes. No collateral? Sure. But when the interest kicks in and repayment reminders start, who treats salary earners with more care?
We’ll walk you through a comparison of both apps' interest rates, repayment terms, and even ease of use. Whether you’re curious about BlockaCash’s credibility or wondering if Migo is just talk, this article is for you.
BlockaCash
BlockaCash has carved out a niche in Nigeria’s loan space by focusing on what many salary earners want most: speed, simplicity, and minimal friction. It offers microloans through a clean process ideal for people who need cash urgently and don’t have time for complicated applications or endless document uploads.
Unlike some other platforms trying to become digital banks, BlockaCash keeps its scope tight. It doesn’t offer savings, debit cards, or investment options. Just quick loans. The platform, licensed by the Ogun State Government, is operated by Blocka Technologies.
But while its speed is great for emergencies, the big question is: how well does it serve the everyday salary earner, especially when it comes to repayment terms, interest rates, and long-term borrowing? That’s what we’ll unpack in the sections ahead.
Loan features
- Loan amounts on BlockaCash range from ₦1,000 to ₦5,000
- It charges a flat 15% interest, so there are no hidden fees or surprises.
- Repayment is due within 3 to 15 days, making it ideal for emergencies or bridging a salary gap.
- Funds are disbursed instantly to your BlockaCash wallet, not your bank account.
- To apply, you’ll need an iPhone or PC, your BVN, a valid ID, and a linked ATM card.
User experience
- Application process: Users are required to provide basic details, including their BVN, a valid ID, and debit card information. No collateral is required at any stage. Once approved, funds are instantly disbursed into your BlockaCash wallet.
- Customer Support: Users can also reach out via email support for more detailed issues. Overall, getting help is easy, and responses are generally fast and helpful.
- Accessibility: The app is only available on iOS devices and through the web app at app.blocka.cash. No Android version is currently available, which could limit access for a large number of potential users. The interface is minimalist and great for speed.
Additional benefits
- BlockaCash doesn’t offer loyalty rewards, discounts, or product financing. It’s built purely for fast microloans. While that means fewer perks, it also means you get quick cash when you need it.
- If you're after long-term features or credit growth, it might feel too basic. But for simple borrowing, it gets the job done.
Things to keep in mind
BlockaCash is fast, but it comes with limits. It’s only available on iOS and webapp, has short repayment periods (3–15 days), and lacks features like loyalty rewards or flexible plans. Loans go to your BlockaCash wallet, not your bank, so you’ll need to move the funds manually.
Migo
If you’re a salary earner who doesn’t have time for downloads or dashboards, Migo was built with you in mind. There’s no standalone app to install, just dial a USSD code or access it through your bank’s app or a partner platform. It’s borrowing designed to blend into your everyday routine. Whether you're recharging airtime, shopping online, or just checking your account balance, Migo makes sure credit is right there when you need it.
Instead of creating its own environment, Migo integrates directly into services you already use, like bank apps, telcos, and checkout pages. Think of it as “invisible lending”; you won’t even know you’re using a loan platform, but it works in the background to support your short-term financial needs.
Loan features
- Loan amounts on Migo range from ₦500 to ₦500,000, depending on your credit profile
- Interest rates start at 5%, your rates improve the more responsibly you borrow and repay.
- Loans are usually repayable within 14 to 30 days.
User experience
- Application process: No sign-up forms, uploads, or long questionnaires. You can apply simply by dialing *561# or using any partner platform (like bank apps or online retailers). The entire experience is frictionless, especially for users already familiar with USSD banking.
- Accessibility: There’s no standalone app, which makes Migo accessible even on basic feature phones. It’s fully embedded in other services, so if you're comfortable navigating your bank’s USSD or app, you already know how to use Migo. The downside? You may miss out on advanced features like loan tracking or push notifications.
- Customer support: Support is handled by Migo’s partners, not directly by Migo in most cases. This can sometimes lead to delays or unclear communication when you need assistance.
Additional benefits
- Credit growth: The more you borrow and repay on time, the more your loan limits and terms improve over time.
- Product financing: Through partners like Credit Direct, Migo also supports installment payments for products like phones.
- Transparency: No collateral or surprise charges, and what you see is what you pay.
Things to keep in mind
Although Migo is easy to use, the lack of a dedicated mobile app means you won’t get advanced features like detailed loan tracking or reminders. And if any issues come up, getting support might take longer since you’ll often need to go through partner platforms instead of Migo directly.
What really matters to the salary earner?
So, which one fits your lifestyle as a salary earner in 2025?
If you're someone who values clarity, speed, and a lightweight loan experience (and you use an iPhone), BlockaCash feels like a solid choice. It’s quick, direct, and doesn’t waste your time, but it also comes with limitations, especially in terms of reach and flexibility.
On the flip side, Migo isn’t trying to be flashy; it’s trying to be everywhere you already are. It’s designed for convenience and access, even if that means sacrificing a polished app experience. It’s especially handy for people who just want credit embedded into their everyday routines, whether that’s through a USSD code or a telco service. It all depends on what matters more to you: speed and simplicity with control (BlockaCash) or credit access built into the systems you already use (Migo). Either way, the real win is knowing your options and using them on your own terms.