Okash Loan App is one of many instant mobile loans available in Kenya. Opera Software developed the app to help you tap into the expanding money lending market.
It was originally created with the goal of providing loans to at most 100,000 Kenyans as a starting point. Okash is currently one of the most popular mobile loans apps in Kenya.
The Android version of the app is currently only available. Plans are in place to make the app available to iOS and USSD. This app’s latest version includes a face recognition feature that improves information security.
This article will explain the steps to follow to submit a loan application to Okash Loan App.
Table of Contents
Okash app install
To register on the Okash app, you must first download the application. After that, create an account. The loan is only available to those aged between 20 and 55.
Here is how to download the app.
- For Okash loan application downloads, go to the Google Play Store.
- In the search box, type “Okash“
- After the app opens, click on the “Install” button.
To access the services offered by the app, you’ll need to create an account after installing the app. Here’s how to create a user account.
- Open the app on your phone.
- Click the Sign-up button.
- Please fill in your details. This includes your name and Mpesa number. Legal referee name and mobile number. Your employment and marital status as well as the date and year of your birth.
- Verify your number
- Account active
After your account has been activated, the app will analyze your data to determine your loan limit. Credit score is determined by your previous borrowing history.
Okash loans are available up to Ksh 500,000. They can be repaid within a few days of application. These loans are subject to a maximum 14-day repayment time and a 5% interest.
This is how to apply for Okash Loan App.
Okash lends you money
- Open the Okash App on your device.
- Log in to access your account
- The Loan Limit displayed is available.
- Select the amount that you wish to borrow. This should not exceed your loan limit.
- You can choose the length of the loan. This should not exceed the maximum of 14 days
- Apply
They will send the loan directly to your Mpesa account. To avoid a CRB negative credit report, you must repay the loan in full. You will also be able to borrow more money from the app if you are unable to repay your loan amount or regular borrowing.
Direct repayment of the loans is made from your Mpesa bank account. When repaying the loan, follow the steps below.
Okash – Repaying a loan
- Open the Okash App on your device.
- Log in to access your account
- Choose “Make a payment” and the app will redirect you to Mpesa.
- Please fill in the following details (including your Mpesa Pin)
- Repay
After the transaction is completed successfully, Okash and Mpesa will send you a message confirming that the loan was repaid.
These are the steps to use the Okash loan application. You can now request an instant loan via the app whenever you need it.
Okash app contacts
Okash is a mobile lending app by Opera Software. Do you need Okash contacts to help you? You can contact the Okash help team by email at info@o–kash.com if you have any technical problems with your app.
You can also try other apps on Google Play if Okash’s terms and conditions aren’t as appealing to you.