How To Borrow Money From Opay 2024 Easy Method 

It has been brought to our notice that most people have been searching for more information about Opay loans, also called OKash which is one of the major ways how to borrow money from Opay using this 2024 straightforward method. 

If you wish to know how to borrow money from Opay then you should know that you are referring to an Opay loan that is tagged with a name or with a separate name or cash loan which is what we are going to be discussing today. 

If you are searching for how you can borrow money from this platform you should know that Opay is a digital banking platform that renders different kinds of services using their application called Opay App.  

This is not the best part of this article so we won’t be saying much about them. We would like to dive in further on everything you need to know about the Opay OKash loan. 

Now is the best time to talk about what we are referring to as a loan. 

Opay Load (Okash) 

We’ve made mention of two different things, one of them is Opay and the order is Okash linking to the world loan which both are targeting the same thing. 

So OKash loan is just a loan application that has been designed and made available by Opay. 

So if you wish to borrow money on Opay then you should know you are borrowing money from Okash loan with some people also called Opay loan. 

Now is the best time to know some of the features of this loan platform that has been rendered by Opay which is the straight-forward way that can help you to borrow money from them. 

Features Of Okash Loan By Opay

• You don’t need any collateral before you can borrow money from them. 
• The sign-in process can be done using your opay account. 
• Fresh Opay account can borrow money minimum from 3,000 or 50,000.
• I read in payment of loan or money you borrow back. 
• Restriction to higher funding of money to borrow. 
• All users I assign with different bonuses. 
• The loan process can be done on the digital banking app straight forward. 
• Short time. For repayment of the loan. 

You can see we keep mentioning that a loan is a short form of words that is used to help you know or to help you borrow money. 

You have gotten some features about the platform okay that you have ways to borrow money from you cannot proceed with the process of how to borrow the money. 

How To Borrow Money From Opay Latest Method 

There are two methods that you can use to borrow money from Opay using their official application through the Okash loan app or using the Opay USSD code. 

We are going to be sharing with you all the processes that can help you engage and get your money. I’ll get the money you want to borrow from the platform. 

How To Borrow Money From Opay Using Opay App

• After you log into your Opay account using your Phone Number. 
• On the app main menu once you log in you will see a section that has Load. 
• Click on it then you’ll be provided with the terms and conditions of the loan. 
• But before that, you need to have ground access to the lawn service. 
• So your Opay account needs to be eligible for a loan before you can proceed to the next step. 

Once your account is eligible for any loan then you’ll be provided with the interest rate and the amount of loan or amount of money you can borrow from the platform. 

That is yours or you can borrow money from Opay using their application or app. 

How To Borrow Money From Opay Using Opay USSD Code

About making use of the main application you can also make use of a USSD code to borrow money from your Opay and grant access to the loan section provided for Opay users. 

• Go to your phone and dial the following code *955#.
• From the option listed there choose the loan option. 
• I hope you will need to apply for the loan and check if you are eligible. 

I want to hear Bill tell you about the procedure to borrow money through the loan option which is one of the straightforward that can be used to borrow money through a loan from Opay. 

How To Access Loan On Opay App In 2024

This is the new method that you can use to access the loan section from your Opay app which is why we named in 2024 using the new method follow the step below. 

• Opay your Opay app and log in to your account. 
• Below from the list of the menu click on Finance. 
• Then you should see the list of loans available. 

Opay now provides three major types of load that range with the amount you can borrow from this load plan each, which should be listed below. 

Opay Loan List, Name, And About To Borrow 

Merchant Loan 

This is the first loan that Opay offers to their users or customers you can check if you are eligible for the loan first before you proceed to the next one. 

You will be allowed to borrow up to N5,000,000 with a 0.3% daily interest rate attached to the loan or more you borrow. 

EaseMoni 

The second loan that is now provided by Opay is the EaseMoni loan which is attached with a major same interest rate and you can borrow up to N1,000,000 with low interest loan. 

Okash 

This is the particular loan that is set aside for most opay users ranging from users that have upgraded their account to tier 2 and more. 

Because other loans provided from the list might ask you to upgrade to tier 3 Yes you get an N500,000 loan limit from the Okash Loan section which is different from others. 

The load can be granted to you instantly once reviewed. 

How Much Can I Borrow From Opay

The little research that window and little information that you gather about the minimum amount you can borrow from okay through the loan or okash option. 

The minimum amount you can borrow is 30,000 which is for the first time if that is the first time you plan to borrow money from them. 

And the highest amount you can get to borrow from them as a loan is 50,000.

How To Borrow Money From Opay Without BVN

Some people will also still like how they can borrow money from Opay without BVN, since you will need to make use of your money Opay account to borrow money or access the loan service on their platform. 

Then it would be impossible for you to think of borrowing money from the platform or taking out a loan Without providing your bank verification number to help them verify your details. 

So your account needs to be verified under Tier 2 or Tier 3 before you can take any information which can be allowed once you provide your BVN for information verification. 

Loan Interest Rate By Opay (Okash) Loan

They have two different types of interest rates that have been added to the loan or to the money you wish to borrow from Opay which has been set aside under the terms and conditions that guide the loan. 

There is this daily interest rate that is sent outside for any loan you get from the platform followed by the annual interest rate. 

The daily interest rate that should be added to the money you borrow from the platform starts from 0.1% to 1% and the annual rate starts from 36.5% to 360% which is what you need to know before you borrow any money from them. 

Of course, you would also like to know how you can repay the money you borrowed from Opay which is also one of the best parts of this article that I would like to explain to you. 

How To Repay Money I Borrow From Opay

You are repaying the Opay load or Okash Load which can be done by following the process below. 

• You should have a login to your account using their mobile app already. 
• You will be provided with a direct option button for repayment of the loan. 
• Click on it and click on the repay button. 

Which should not lead you to the complete process. I’m preparing back the money you borrowed from your pay. 

And if your payment is due you might refuse to pay them back the money on the loan then you will be automatically debited from your bank account to help you pay your loan automatically. 

So in some cases, you might not need to follow any repayment strategy anymore or you just need to have enough money that we can’t help with the money you borrow on your main Opay account. 

Wrap Up

At this stage, you should have been able to borrow money from Opay, and we have tried our best to gather some information on all the major things you need to know about the Opay loan and Okash. 

If you have any questions you need to ask you can make use of the comment section to lay down your question for a swift answer.