If you’ve been eyeing Okash on your Opay dashboard and considering using it for a loan but aren’t sure about the requirements, you’ve come to the right place. Like all online lending platforms, Okash has specific qualification criteria for loan approval. In this blog post, we’ll explore the flexibility of Okash loan requirements and what you need to easily qualify for a loan.
What Are Okash Loan Requirements?
Okash loan requirements are the essential steps and procedures you must follow to be eligible for loans on the Okash App. As a payday loan company, Okash offers flexible loan approvals, and you don’t even need to verify your address to get a loan.
The Mandatory Okash Loan Requirements:
- Okash App: To access an Okash loan, you need to download the Okash Mobile App, which is available for both iPhone and Android users.
- Your Full Name: Provide your complete name, including First Name, Last Name, and optionally Middle Name. Ensure it matches your bank account details and BVN.
- Phone Number: A mandatory requirement, as you will need to sign up with your phone number to receive a unique shortcode for verification. Okash uses your phone number for communication and sending loan discount codes.
- Bank Verification Number (BVN): Just like other loan apps, Okash requires your BVN for loan processing.
- Bank Details: You’ll need to provide your bank account number and name for fund disbursement after loan approval.
How to Qualify for an Okash Loan:
To qualify for an Okash loan, having a good credit score and stable employment are crucial. Okash may also analyze your debt-to-income ratio and current monthly payments.
Simplified Okash Loan Requirements:
- The Okash App.
- Basic personal information such as name, age, phone number, next of kin, and occupation.
- Bank Verification Number (BVN).
- Bank Account details.
Conclusion:
Contrary to what some believe, the requirements for online loans, including Okash, are not as strict as they seem. By fulfilling the basic criteria mentioned above, you can easily become eligible for an Okash loan. Remember, responsible borrowing and timely repayments can increase your loan limit over time.