OKash: How to get a loan, Requirements, interest rate, & more
Okash Loan App
Have you ever had an emergency financial need without any form of collateral? One of the greatest financial applications for quick loans is OKash. You will discover how to apply for an OKash loan in this article.
What is OKash, and how does it work?
Blue Ridge Microfinance Bank Limited offers the microlending platform OKash. If the conditions are met, it offers its registered users access to rapid loans without collateral.
Loans are available 24/7 with OKash, and the entire transaction is done online. You may be eligible for loans in the range of NGN 3,000 to NGN 500,000. All you have to do is download the app, fulfill the conditions, and provide your information.
The sum you requested will be deposited into your bank account once OKash approves your loan application.
OKash loan requirements
The following prerequisites must be met if you are a Nigerian and wish to use the OKash loan service:
- a working mobile number where you can receive your verification code.
- Your National Ident (NIN), which serves as a means of verifying your name and age (BVN). This is to ensure that your banking information is correct and that you do not owe money to any other loan providers.
- a Nigerian bank account where you can deposit the loan proceeds
- You must be between 20 and 55 years old.
- The borrower must have a consistent monthly revenue source.
- If you don’t already have these things, you should work to acquire them. Download the OKash loan app if you are qualified and move on to the next step.
If you don’t already have these things, you should work to acquire them. Download the OKash loan app if you are qualified and move on to the next step.
Also read: The Ultimate Revelation Of Flagged Ppp Loan
OKash mobile app download
Android phone owners are the only ones who can access the OKash lending app. Consider purchasing an Android phone if you already own an iOS or Windows smartphone before applying for an OKash loan.
The OKash loan app is available for immediate download and installation from the Google Play Store. It is only 13 MB in size and has received over 1 million downloads. Over 85,000 individuals have given it a grade of 4.3 in reviews as of right now.
Launch the OKash Loan app after it has been successfully installed, then create an account. Here are the steps to take.
How to open an account on the OKash loan app
1. Use your mobile phone number to register. If you use the Opay mobile banking wallet, you might not need to create an account. Simply log in using your Opay account information.
2. Agree to the OKash loan service’s terms and conditions. A 6-digit verification code will be texted to your phone number after you confirm your agreement. Enter the code to continue.
3. The following action is to develop a security code. This prevents someone from borrowing money behind your back. Make a four-digit PIN code and confirm it by entering it a second time.
4. You will be prompted to give the OKash loan app certain access. This permits access to your contacts and the geographic location of your device. You must tap the allow button that appears on your phone in order to provide those permissions.
If you correctly complete these procedures, you will be taken to the OKash loan dashboard.
How to apply for an OKash loan on your Android device
- Choose the loan amount you want to apply for from the OKash loan dashboard.
- Give your contact information and financial information. The application should then be submitted.
- You might get a call from the OKash management after the submission. No need to worry; the call is only to double-check a few facts.
- The outcome of your application will eventually be displayed on the APP. You will also receive an SMS letting you know if the loan is accepted.
- Once the loan has been approved, confirm the agreement.
- The authorized loan amount will be deposited into your bank account after confirmation.
How much loan can you get from the OKash loan service?
For quick loans with no collateral needed, the OKash lending service is excellent. On the OKash Mobile App, you can acquire a loan for as little as 3,000 or as much as 500,000.
OKash loan repayment term
The interest rate for the OKash lending service is 9.1% per three months. For a better understanding of the breakdown, consider the following example.
If you use the OKash mobile app to borrow 3,000 and set your repayment period to three months, then:
The interest rate will be 9.1%.
The interest will be 273.
The total sum that must be reimbursed is 3,237.
How to repay loans on OKash
The procedures for OKash loan repayment are relatively simple. You can go to the page for loan repayment from your dashboard. Enter your account information and pay using a debit or credit card.
Where is Okash’s head office located?
The headquarters of OKash are in Nigeria. They manage the OKash loan service from this location, where they also handle client concerns.
Room 301 of Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria is where their headquarters are situated.
OKash customer support and email address
For questions and complaints, you can reach out to OKash customer care through their email address and customer care hotlines.
Customer care line: 08097755512, 08097755514
Email address: firstname.lastname@example.org