Okash

Okash is Opay’s automated lending service focused on increasing access to credit to financially under-served/excluded individuals in Nigeria.

Loan decisions are provided within 15 seconds and if approved, the applicant receives funds within 5 minutes. 24 hours a day, 7 days a week. The loans are delivered via an Android mobile app, with lending decisions provided almost instantly. The usual amount for new borrowers is N10k.

Loans from moneylenders are designed to be short term loans that are designed to tide you over to the next payday. It is best for anyone looking for an unsecured personal consumer loan, students and individual’s ineligible for typical bank loans due to thin credit files.

Their loans are provided in partnership with Blue Ridge Microfinance bank. If you are unable to repay your loan via direct debit, you can pay or transfer to the Blue Ridge Microfinance Bank Ltd. Bank Name :Zenith Bank Plc. Account No:1130085518. Fill your BVN or your registered phone number and your full legal name in the remarks section, then send the transfer details to repayment.proof.ng@o-kash.com after transfer succeed to verify the information and change your loan status.

Products

• Payday loans – Okash payday loan is designed to provide monthly overdraft to staff of companies, ministries, Parastatals and other establishments.
• Education – Any salary earner, self-employed, students, government sector employees including Public Sector.
• Business – The loans help business to cover cash flow payments when due.

Pros

• Fast loan approval process within minutes
• No collateral
• No guarantor

Cons

• Low maximum loan
• Age restrictions

ELIGIBILITY CRITERIA

• Valid bank details
• Valid ID card
• BVN number
• Android Phone
• Age range of 20-55 years old
• Complete Okash application