( Shocking Truth !!! ) Okash Loan App Unknown Details Reviews

Okash is a convenient quick online loan platform for Nigeria mobile users managed by Blue Ridge Microfinance Bank Limited. OKash fulfils customers’ financial needs completely online 24/7. The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant’s bank account. The app offers loans ranging from N3,000 to N500,000 and the repayment plan ranges from 91 days to 365 days.

What is OKash Loan App

OKash is a micro lending platform presented by Blue Ridge Microfinance Bank Limited. It gives its registered users access to quick collateral free loans, as long as they meet the requirements.

OKash provides loans 24/7 and the whole process is completely online. You can receive loan amounts ranging from NGN 3,000 to NGN 500,000. All you need to do is download the mobile app, meet the requirements and submit your details.

Loan Tenure of Okash Loan App

We will require your repayment from 91 days to 365 days.

Loan Amount Of Okash App 

From NGN 3,000 to NGN 500,000.

OKash Loan Interest Rate 

With a minimum of 0.1% up to 1%, Our interest rate is calculated on a daily basis. Annual Percentage Rate(APR) from 36.5% to 360%.

For example – 91-day loan payment terms, the interest is 9.1%. For the loan processed with a principal amount of NGN3,000, the interest would be NGN 273, the total amount due would be NGN 3,237. The total amount due in the first month would be N1,093, the interest would be N93, the total amount due in the second month would be N1,090, the interest would be N90, the total amount due in the third month would be N1,090, the interest would be N90.

OKash is a Convenient Personal Loan Platform for Nigeria mobile users. Presented by Blue Ridge Microfinance Bank Limited. OKash fulfills customers’ financial needs 724 completely online.

The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant’s bank account.

Advantages of OKash Loan App

  1. You can apply a loan by your credit. Don’t need any deposits or guarantees.
  2. Up to NGN500,000. Disburse to your bank account.
  3. Paperless and digital process on your mobile. All the steps can be done online.
  4. We do not share your data with any third parties without your consent. Your data is totally safe with us.
  5. Don’t worry about forgetting repayment. We’ll send messages to remind you.

How Okash Loan App Works

  1. Install the OKash APP from the Play Store.
  2. Register an account.
  3. Select the product you would like to apply for.
  4. Fill out your basic information, then submit the application.
  5. After the submission, you may receive a call for verification. The final application result will be shown in the APP and you will be informed by SMS if approved.
  6. E-sign the loan agreement after the approval.
  7. After the E-sign, the approved loan amount will be disbursed into your account shortly and a SMS notification will be sent.

Opay Loan App Review (Okash Loan)

Okash loan is a loan app in Nigeria from the OPay group. With this platform, you can get a loan in Nigeria at any time within minutes.

Pros

  1. Fast and secure processing of loan payments
  2. No collateral and deposit requirements.
  3. Easy sign-up process
  4. They offer incentives such as bonuses from time to time.
  5. You can do the whole process online on your mobile phone. You don’t have to pay a physical visit.

Cons

  1. Privacy concerns
  2. Cost of loan repayment is high. There are other cheaper options
  3. Loans are for short-term
  4. It has a maximum amount you can borrow.

How to Borrow Money from Okash

The first step is to download the OKash loan mobile app. Open an account and fill in the necessary information; it takes less than five minutes to complete the registration. You will get a call or text option for verification.

Apply for a loan on the app, read the Terms and Conditions and look out for the interest rate and the repayment date. If you are okay with the following listed above, confirm your loan request, and you will get the money within minutes.

OKash Loan Eligibility Requirements 

  1. Nigeria Resident.
  2. 20-55 years old.
  3. Source of a monthly income.
  4. A valid mobile phone number.
  5. National Identify Number (NIN).
  6. Bank Verification Number (BVN).
  7. A Nigerian bank account through which you will receive the loan amount.

OKash Loan Mobile App Download

  • The OKash loan app is only available for Android phone users.
  • Install the OKash loan app directly from Google Play Store. It has a small size of 13 MB and over 1 million downloads. It currently has a review rating of 4.3 from over 96,000 users.
  • Install OKash Loan App Here

How to apply for an okash loan?

  • From the OKash loan dashboard, select the loan amount you would like to apply for.
  • Provide your personal information, and your bank details. After that, you should submit the application.
  • After the submission, you may receive a call from the OKash management. No worries, the call is just to verify a few details.
  • After a while, the result of your application will be shown on the APP. If the loan is approved, you will also be informed by SMS.
  • Confirm the loan agreement after the approval.
  • Upon confirmation, the approved loan amount will be sent into your bank account.

Sometimes new users need guidance when applying for an okash loan. You can reach out to the support team to help you when you get stuck.

Can I pay a okash loan on behalf of someone else ?

People frequently ask this question especially when they need to repay the loan on behalf of a friend or a family member. The good thing is that the loan app allows for you to repay a loan on behalf of someone else using m-pesa paybill. All you need is the person’s okash account number (which is usually their Safaricom number) and you follow the repayment procedure.

How to repay loans on OKash

OKash loan repayment processes are very easy. From your dashboard, you can navigate to the loan repayment page. Put in your account details and pay with your debit/credit card.

Where is Okash’s head office located?

OKash has a head office in Nigeria. From this office, they maintain the OKash loan service and also attend to customer issues.

Their head office is located in Room 301, Japaul House, Plot 8 Dr Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria

OKash Customer Support Nigeria

  • Customer Service Email: [email protected]
  • Customer Service Hotline:(+234)08097755512,08097755514.
  • Address: Room 301, Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria

OKash Customer Support Kenya

  • Telephone number: 0207659988
  • Website: o-kash[.]com
  • Email: [email protected]
  • Physical address: The Wilde, 53 Merrion Square, Dublin 2, D02 PR63, Ireland
  • Social media: Check out okash on twitter.

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