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How to Access Opay Loan on iPhone (Okash Loan)
Borrowing money in Nigeria is easy thanks to the boom in online lending platforms in recent years. These companies provide quick, short-term loans to their customers without requiring any collateral. Nowadays, you can easily get a student loan in Nigeria, a payday loan etc on an iPhone.
About Opay
Founded by Internet giant Opera, OPay is a mobile platform that offers essential services such as payments, commercial shipping services, food and grocery delivery, and more.
OPay is short for Opera Pay. It is a comprehensive online payment platform that allows you to perform a variety of transactions. These include buying airtime, buying data, Pay TV subscriptions, paying electricity bills, hailing a rider with OCar and OTrike, food delivery with OFood, money transfer, sending and receiving payment with QR, investing with OWealth, lending services with OKash loan which you can access on your iPhone, funding your betting account, listing your products and services on OList and building an online presence with OLeads.
Opay Loan (Okash Loan) App Review
Okash loan is a loan application in Nigeria by OPay group. With this platform, you can get a loan in Nigeria anytime within minutes.
Pros
- Fast and secure processing of loan installments
- No collateral or deposit requirements.
- Easy registration process
- They offer incentives like bonuses from time to time.
- You can do the whole process online on your mobile phone. You don't have to pay for a physical visit.
Disadvantages
- Privacy concerns
- Loan repayment costs are high.
- Loans are short-term
How to borrow money from Opay on iPhone
The first step is to download the Opay application from the Apple store. Open an account and fill in the necessary information; registration takes less than five minutes to complete. You will receive a call or SMS for verification.
Apply for a loan on the application, read the terms and conditions and monitor the interest rate and repayment date. If you are okay with the above, confirm your loan application and you will receive the money within minutes.
The maximum or minimum amount you can borrow
The maximum amount you can apply for on OKash at any time is N50,000. You can apply for loans from as little as N3,000.
Requirements For Opay Loan (Okash Loan) on iPhone.
Applying for an OPay loan on the iPhone is easy. The lending service targets all Nigerians and has no strict conditions that the average Nigerian cannot borrow from.
- Applicant must be a Nigerian resident
- The Age group of the applicant must be between 20-55 years.
- The applicant must have a source of monthly income or state the reason why they want the loan.
- Valid ID card
- BVN number (see how to check your BVN)
Opay loan interest rate (Okash loan).
The daily interest rate is between 0.1% and 1%, while the annual interest rate is between 36.5% and 360%. In addition, you will have to pay an initial fee ranging from N1299 to N6000 on your loan. The duration of the loan is 91 days for the shortest duration and 365 days for the longest duration.
How to repay an Opay loan (Okash Loan) on iPhone
- Open the app
- Sign in to your account
- Click on the button that says "make a payment"
- Provide all required details
- Click the "redeem" button.
It is important to note that the platform uses a system that automatically debits your bank account once the loan is due. This means that you really don't need to go through the above steps if you have enough balance in your account.
USSD loan opay code
The Opay USSD code is *955#. This works when you already have an account created on the platform. The code provides you with hassle-free transactions on your account.
Conclusion
OKash (a subsidiary of OPay) is a reliable loan service provider that offers quick loans in Nigeria which you can access on your iPhone easily. Applying for a loan on the iPhone app is easy. You will receive it in your account within minutes.
