Okash loan interest rate

Are you looking for okash loan interest rate then this blog post will tell the actual rate from Okash loan company.

About Okash

OPay is a mobile-based platform founded by internet behemoth Opera that provides necessary services like payment, commercial transportation, food and grocery deliveries, among others.

Opera Pay is referred to as OPay. It is an extensive online payment system that enables a wide range of transactions. They consist of purchasing data, airtime, Pay TV subscriptions, paying electric bills, ordering food with OFood, sending and receiving payments with QR, investing with OWealth, borrowing money with OKash Loan, funding betting accounts, listing your goods and services with OList, and creating an online presence with OLeads.

OKash loan requirements

The following requirements must be met if you are a Nigerian and want 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.

This is to ensure that your banking information is correct and that you do not owe money to any other loan services.

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 income 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.

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.

OKash loan interest rate

The interest rate for the OKash loan 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 is 9.1%.
The interest will be $273.
The total amount that must be repaid is 3,237.