OKash Loan App Review and Interest Rate

On this page we will review the OKash loan app. We will discuss if it is legit or scam, the interest rate, the amount someone can borrow, requirements and how to apply for OKash loan and also how to repay OKash loan.

OKash Loan App Review

OKash Loan App Review

OKash is a Convenient Personal Loan Platform for Nigeria mobile users. Presented by Blue Ridge Microfinance Bank Limited.

OKash fulfills customers’ financial needs 24 hours 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

Why You Should Use OKash:

You can apply a loan by your credit. Don't need any deposits or guarantees.

Up to NGN500,000. Disburse to your bank account.

Paperless and digital process on your mobile. All the steps can be done online.

They do not share your data with any third parties without your consent. Your data is totally safe with them.

Don't worry about forgetting repayment. They will send messages to remind you.

Is OKash Loan App Legit or Scam

OKash loan app is a very legit loan app. It is owned by the same company that owns opera and opay.

Is OKash Loan App Safe

Okash loan app is very safe and reliable as all your information are protected. All payments are made under secured transactions.

OKash Loan Interest Rate

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%.

Origination Fee: Range from NGN 1,229 – NGN 6,000 for a one-time charge

For example, 91-day loan payment terms have a processing fee of 41% and an interest of 9.1%.

For the loan processed with a principal amount of NGN 3,000, the processing fee would be NGN 1,229, the interest would be NGN 273, the total amount due would be NGN 4,502.

The total amount due in the first month would be N1,512, the processing fee would be N419, the interest would be N93.

The total amount due in the second month would be N1,495, the processing fee would be N405, the interest would be N90.

The total amount due in the third month would be N1,495, the processing fee would be N405, the interest would be N90

How Much Can I Borrow From OKash Loan App

You can borrow 3000 naira up to a maximum of 500,000 naira from OKash loan app

Requirements To Get a Loan From OKash Loan App

  • You must be a Nigerian Resident.
  • 20-55 years old.
  • Source of a monthly income.
  • BVN

How To Apply For Loan On OKash Loan App

  • Install the OKash APP from the Play Store.
  • Register an account.
  • Select the product you would like to apply for.
  • Fill out your basic information, then submit the application.
  • 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.
  • E-sign the loan agreement after the approval.
  • After the E-sign, the approved loan amount will be disbursed into your account shortly and a SMS notification will be sent.

How Long Does It Take OKash Loan App To Give a Loan

It takes 5 minutes to few hours for OKash to process a loan.

How To Repay OKash Loan

  • Open the OKash app
  • Go to repay loan
  • Choose any repayment option you like
  • Then repay the loan
Repayment is done between 90 days to 365 days.

OKash Loan Customer Care

Customer Service Email: support@o-kash.com

Customer Service Hotline: (+234)08097755512,08097755514

Address: Room 301, Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria

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