How to Get Opay Loan (Okash Loan) – Full Details
There are a lot of leading companies in Nigeria which has made borrowing money easy and fast Opay Loan popularity known as Okash Loan is one the best out there. So, with the help of these companies, users can now get loans instantly even without BVN. This has made it easy for students and other individuals to borrow petty money for things.
Therefore, in this article, we are going to educate you on how to access Opay Loan (Okash Loan)easily with just your mobile phone. So, continue to read below to see the full detail about this leading company called Opay.
Table of Contents
What is Opay?
This is a company known as Opera Pay founded by Opera. It is a mobile platform that offers almost everything you need ranging from payment, commercial transportation services, food and grocery deliveries, and many other things.
You can do a lot of things on their app which includes buying airtime, buying data, and subscribing to Pay TV. One can also use this platform to pay electric bills. You can hail a rider with OCar and OTrike, food delivery with OFood, transfer money, send and receive payment with QR, investment with OWealt. Their leading service is known as OKash Loan.
Okash Loan App
This is a loan app from the Opay company. When you visit the app, you will need to navigate to the financial service. This is where you will see where to apply for Okash Loan. The advantages of using this platform are that it is Fast and No collateral is needed. Also, always try to read the term and conditions before applying for this loan.
Requirements for Opay Loan (Okash Loan)
These are the things you need before applying for an OPay loan below:
- Ensure that you are a Nigerian resident
- Your age range should be between 20-55 years.
- You will need to indicate why you need the loan.
- A Valid ID Card like a Voters card or National ID card
- A Banf Verification Number BVN
How Do I Get a Loan from Opay?
To borrow money from Opay. Firstly, you need to download the OKash loan mobile app on your smartphone. Then, create an account. After verifying your account, you can then apply for the loan and get it instantly.
What is the Highest Money I can Borrow from OKash loan App?
The least money you can borrow from the Okash loan app is N3000. And the maximum amount is set at N50,000.
Okash Loan Interest Rate
The interest rate per day ranges from 0.1% to 1%. Then, yearly, the rate is between 36.5% and 360%.
What is Opay Loan USSD Code
The Opay USSD code is *955#. With this, you can navigate to the loan application and apply for a loan.
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