How To Borrow Money From OPay?

Read all about how to borrow money from Opay.

OPay is a digital wallet app licensed by the Central Bank of Nigeria (CBN) for fund transfers, bill payments, airtime purchases, and getting loans.

First and foremost, you can’t get a loan directly from the OPay app but you can obtain a loan from OKash, a subsidiary of OPay. It is a reliable loan provider that offers users instant loans without no documentation or collateral.

OKash has helped several Nigerians during times of unforeseen expenses or financial emergency that arises without any time to plan for them. With OKash, you can get from N3,000 to N50,000 loans within 5 mins from the comfort of your home.

Do you want to know how to borrow money from OPay, then you are in the right post. Let’s get started…

Read all about how to borrow money from PalmPay

OPay (OKash) Loan Requirement

To be eligible to obtain a loan from the OKash app, you have to meet certain criteria. Below are the requirements you have to meet to borrow money from OKash.

• You must provide your BVN
• You must provide a valid means of identification such as NIN, international passport, driver’s license, and Voter cards
• You must be above 20 years old
• You need to have a source of monthly income to access higher credit limit.

How To Borrow Money from OKash

Below are the steps on how to borrow money from OKash.

• Download the OKash app
• Grant permission to allow OKash app access to your SMS and camera
• Enter your phone number or input the phone number used to create the OPay account
• Enter the OTP code sent by OKash to the phone number
• Create and confirm Transfer PIN
• Agree to the Terms and Conditions
• Allow the OKash app to access your phone location and calendar
• Take selfie
• After a few seconds, your loan estimate would be given to you.
• Enter the amount you want to borrow
• Enter your account details
• The funds would be credited to the account provided.

The benefit of using the OKash Loan app

• No documentation or collateral needed
• The sign-up process is easy
• The app offers bonuses and allows users to earn by referring people
• Users can get a loan in less than 10 mins.

FAQs

can I borrow money from the OPay account?

yes, you can borrow money from OPay but the process has changed. Now, you have to download the Okash app to borrow money from OPay.

What is the Maximum loan amount in OPay?

The maximum loan limit offered to customers is N500,000. However, new users can’t access the maximum loan limit once, you have to build your credit limit with OKash over time to get the maximum loan limit.

What are the steps to borrow money from the OKash app?

Steps on how to borrow money from the OKash app

• Download the OKash app
• Grant permission to allow OKash app access to your SMS and camera
• Enter your phone number or input the phone number used to create the OPay account
• Enter the OTP code sent by Okash to the phone number
• Create and confirm Transfer PIN
• Agree to the Terms and Conditions
• Allow the OKash app to access your phone location and calendar
• Take selfie
• After a few seconds, your loan estimate would be given to you.
• Enter the amount you want to borrow
• Enter your account details
• The funds would be credited to the account provided.

Can I get a loan without my BVN number?

No, you need to provide your BVN number to access a loan from any loan provider.

Conclusion: How To Borrow Money From OPay

Read all about how to verify Opay account

Many Nigerians have resorted to online loan apps to obtain loans to solve their emergency financial problem. With OPay (OKash), you can borrow money conveniently from your comfort zone with your smartphone.

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