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How To Get A Loan On Opay

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This article answers the question of How To Get A Loan On Opay and gives a good insight into all you need to know about getting a loan on Opay.

Lending money from these online instant loan companies might be easy, but getting a loan from a top loan company like Opay needs some requirements, eligibility, and in-depth information about the loan company and other services that Opay company offers customers.

Opay company is not new to the Nigerian people because they have several services that give stressless financial activities and delivery of products in Nigeria. Opay is famous for its digital banking services, with POS agents scattered nationwide.

Below are steps and information about obtaining a loan through Opay. Opay grant grants to students, self-employed, and salary earners without any document or collateral security within Nigeria.

How To Get A Loan On Opay

About Opay

OPay is a mobile-based platform that offers a wide range of services, from payment to commercial transportation services, food and grocery deliveries, and others.

Internet giant Opera founded Opay; Opay was created as a short form of Opera Pay.

The Opay financial company has had a wide range of financial services since its inception. Kicking off its business operations in Nigeria, purchasing airtime and data, renewing DSTV, Startimes, MYTV, and GOTV subscriptions paying all electricity bills of all registered electricity distribution companies in Nigeria, hailing a rider with OCar and OTrike, free food delivery with OFood, they offer the lowest transfer charges in Nigeria to all banks and digital financial companies, investment with OWealth, lending services with OKash loan, funding your betting account, listing your products and services with OList and building an online presence with OLeads.

The app is Okash; Okash is a loan subsidiary of the Opay company in Nigeria and other countries.

How To Open an Opay Account

Two ways to log in to OPay are possible. You can first download the OPay app from your phone’s App Store or via the OPay Web. You will learn how to do each.

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Follow these steps to open an OPay account:

  1. If you’re using an iOS device, go to Google Play Store for Android or Apple App Store
  2. Click on the search bar in the store and type “OPay.”
  3. Install the app by clicking on the OPay icon
  4. After installing the app, you can open it to begin the registration process.

Opay Loan App (Okash Loan App)

With the Okash loan app, owned by Opay company, all loan applicants have access to over 5 million nairas to solve any personal or business problem within Nigeria.

We have taken a critical look and examination of the Okash app, and we have come up with the advantages and problems that you might encounter after you have downloaded the Okash loan app.


  • Fast and instant processing of loan payments
  • No collateral security or deposit requirements.
  • Easy registration process
  • Personal offers are given to active users of the app
  • All process, from registration to loan disbursement, is done online


  • Very little privacy policy and protection
  • The interest rate is high compared to other loan apps
  • All loans are a monthly plan
  • Limit to the amount of loan, based on activity on the Okash app

OPay loan (OKash) Requirements

One of the most important things you need to know while applying for a loan is the requirement of the loan company, Opay. Opay does not require you to submit any form of document or a physical cross-examination, or any form of interview before your loan will be approved. It does not require any collateral security.

  • Your mobile phone, which is internet enabled
  • Your Bank Verification Number
  • Your preferred bank account details, including your bank name and account number
  • Other information may include your driver’s license, electricity bill, employee card, and wage flow, depending on your desired grade.
  • The higher your grade, the higher the loan you can obtain.

Types Of OPay (OKash) Loan

As of the time of filing this report, Opay only has three loan facilities under Okash. These loan facilities are

  • Cash Loan: This is strictly for induvial to solve prosomal or pressing needs as the limit is 50 thousand naira
  • Agent Loan: As an agent of the Opay company, agents have the chance to obtain a loan of about a million naira
  • Airtime Loan: This is for only active users of the Opay app on their phones; you can borrow airtime directly to your preferred network provider account.
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How To Get A Loan On Opay

  • Download and install OKash from Google PlayStore
  • Launch the application
  • Enter your phone number starting with 234
  • carefully read the Terms and conditions
  • Enable Location access for the app, as it is compulsory
  • Select Cash Loan
  • Enter your preferred loan amount
  • Click ‘Apply Now
  • You will receive an SMS if the loan is approved

Opay Loan Code

The Opay USSD code is *955#. This only work when you have an active account with Opay or Okash. The code gives you the amount of money you can borrow based on your activity on the Okash or Opay app.

How much can Opay borrow

The highest amount that is available for a first-timer at any given time on OKash is 50 thousand nairas, while the lowest amount you have the chance to borrow is 1 thousand nairas. Mostly they give 30 thousand nairas to 50 thousand naira to the first-time applicant, that is, if they have a credit score.

How to get a better credit score

Getting a better credit score involves all your financial records concerning debt disbursing, debt recovery, and active loans on another platform. Your bank verification number is connected to all your financial records

OPay Loan Repayment

They require all approved loans to be repaid into a designated bank account that will be created as the main version is opened. The repayment account has a different account number with the loan applicant’s name and Paycom as the bank name.

All approved loans are paid in bits every two weeks, and a part of the loan is repaid till the last installment. The Opay repayment is simply the best among all loan companies and apps in Nigeria with their flexible every two weeks pay part method; by so doing, the debtor will not be overwhelmed with the payment on a particular day.

They give applicants higher loan amounts than other loan companies, and their lovely interest is one of the mouth-watering offers that make them a top loan company. Opay also will always increase your credit score as soon you pay the loan when it is due.

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They will never send messages to your contacts or publish your photo, unlike some fake loan companies.

Opay USSD Transfer Code

We will demonstrate how to send money or buy data with the Opay USSD Code. Opay users can access their money using a USSD code. Many customers use their mobile wallets to make transactions.

You’ve found the right place if you are looking for the best way to use an Opay wallet with a single code. You can use the code to transfer funds between Opay wallets. You can use the code to check balances or withdraw funds. This makes it easier to access funds in Nigeria. Let’s take a look at everything below.

How to use Opay USSD Code for Sending Money and Buying Data

To use the Opay USSD Code, you must have an Opay account. It is also supported by Nigeria’s most extensive networks, including MTN and 9mobile. The wallet is becoming more popular due to its simplicity. Users can receive as much as 50,000 Naira per transaction using the wallet. *955# is the shortcode to send money. All Opay customers have access to the USSD code and need not take any action.

How to send money with Opay USSD code

*955# is the number to dial to send money via USSD. Select one and then enter the recipient’s phone number. To complete the transaction, you will need to enter your Opay Pin.

How to load Opay USSD code airtime

You must dial *955# to load USSD code airtime. Select two and enter the mobile number to which you wish to send airtime. Next, input the amount you want to send. Once you have entered the data, your Opay pin will be generated, and your transaction will be complete.

How to fund your Opay USSD betting account

You must dial *955# to fund your betting account using the Opay USSD Code. Select four and choose the mobile betting company you prefer. Enter the amount you wish to send. Once you have entered your pin, your transaction will take less than a minute. Opay can fund your Bet9ja or 1xBet, Cloudbet, and Naijabet accounts.

How to Withdraw Money Using Opay USSD Code

You must dial *955# to withdraw money using the Opay USSD code. Select 3, then enter the mobile number of your agent and the amount you wish to send. Once you have entered the information, your Opay pin will be generated, and your transaction will be complete.

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