OKash is one of the leading money lending platforms in Nigeria and across the boundaries. It is under regulation and operated by Blue Ridge Microfinance Bank and backed by Opay. It offers low-interest loans with seamless and hitch-free repayment options. To access its services, you will need to download their official application from the Google Play Store, install it and sign up for its services. The advantage of the app is that it is lightweight and does not consume much space on your device like other apps.
OKash Loan App
Once installed, OKash offers a fully digital experience: apply, get approved, and receive funds—all from your smartphone. It allows users to borrow amounts ranging from ₦3,000 up to ₦2,000,000, depending on their credit history, and repayment terms span from 91 to 365 days.
OKash Loan Interest Rate
OKash’s interest is calculated daily, with rates ranging from 0.1% to 1% per day, translating to an APR between 36.5% and 360% annually. For example, a 91-day loan of ₦3,000 incurs ₦273 in interest, totalling ₦ 3,273.
OKash Loan Login
After downloading the app, new users must sign up using their phone number, BVN, and other required details. Returning users simply log in with their credentials to access the dashboard, where they can view loan limits, apply for loans, or manage repayments.
OKash Loan Login Without App
OKash primarily functions through its mobile app, and there’s no official alternative login method outside the app. This mobile-first approach ensures the loan process remains secure and streamlined.
OKash Loan Sign Up
Signing up requires a few essentials:
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Nigerian resident, aged between 20–55
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A valid BVN
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Government-issued ID (e.g., NIN, driver’s license, or passport)
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Active bank account with linked debit card
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Android smartphone
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Occasionally, an active email address
Once registered, users must accept terms and permissions (including access to device data for credit scoring), and create a secure PIN before proceeding with loan applications.
OKash Loan App Kenya
OKash originally launched in Kenya in 2018 before expanding into Nigeria and even India. While features in Kenya may mirror those in Nigeria, this article focuses on the Nigerian market, where it’s governed by local banking regulations and frameworks.
OKash Loan App for iPhone
Currently, the OKash app is only available on Android via the Google Play Store. There is no iOS version available yet, although earlier iterations were embedded within the OPay app, which may still be accessible on iOS in some regions.
Summary Table
| Feature | Details |
|---|---|
| Download | Google Play Store, Android-only |
| Loan Range | ₦3,000 – ₦2,000,000 |
| Repayment Term | 91 – 365 days |
| Interest Rate | 0.1%–1% per day (~36.5%–360% APR) |
| Login & Sign-Up | Via app only; requires BVN, ID, phone, valid bank details |
| iOS Version | Not currently available |
| Kenya Availability | Initially launched in Kenya, before launching in Nigeria |
Final Thoughts
OKash is a fast, paperless, and trustworthy loan service for Nigerians who need immediate funds. Licensed by the Central Bank of Nigeria and managed by Blue Ridge Microfinance Bank under Opay Digital Services, it ensures compliance and protection while providing flexibility and convenience. Take care to borrow responsibly and honour repayment timelines to preserve your credit reliability and future access to finance.
Frequently Asked Questions (FAQs)
1. What is OKash Loan and how does it work?
OKash is a digital micro-lending service provided by Blue Ridge Microfinance Bank (under Opay). It offers quick unsecured loans via a mobile app, with disbursements directly into your bank account once approved.
2. How can I apply for an OKash loan?
Simply download the OKash app on your Android device, register with your BVN, NIN, bank details, and phone number, then select your desired amount and tenure. Approval is often instant.
3. What loan amounts and repayment terms are available?
You can borrow anywhere between ₦3,000 up to ₦500,000 (some reports mention up to ₦2,000,000), with flexible repayment terms spanning from 91 to 365 days.
4. How is the interest rate calculated on OKash loans?
Interest is calculated daily, ranging approximately from 0.1% to 1% per day, translating to an annual percentage rate (APR) of roughly 36.5% to 360%.
5. Are there additional fees?
In addition to interest, OKash may charge service or origination fees—commonly around 4% of the loan amount—applied at disbursement.
6. How do I repay OKash loans?
Repayment options include auto-debit via your linked card or manual payment within the app using the “Make a Repayment” button.
7. What happens if I miss a repayment deadline?
Late payments attract a daily rollover fee of approximately 2% per day. While there’s typically a 1-day grace period, missing that could harm your future borrowing power and credit score.
8. Is the OKash app available for iPhone?
Yes—OKash is available on the Apple App Store as a Nigerian app, though some users still report primarily accessing it on Android.
9. Is OKash secure and legitimate?
Absolutely. OKash is regulated by the Central Bank of Nigeria and backed by Blue Ridge Microfinance Bank. They use encrypted data protection and require BVN-based identity verification.
10. Who is eligible to apply for OKash loans?
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Nigerian resident
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Aged between 20–55
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Valid BVN and bank account
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Verifiable monthly income
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Owning a smartphone (Android or, in some cases, iOS)
