Opay (Okash loan) – Everything you need to know on how to access Opay loan

In recent years, Nigeria has witnessed a surge in online loan companies, with Opay leading the pack. This platform, backed by internet giant Opera, offers a range of essential services, including payment solutions, transportation services, food and grocery deliveries, and more.


Opay Loan App Review (Okash Loan)


  • Fast and Secure Processing: Opay ensures quick and secure loan processing.
  • No Collateral or Deposit: No need for collateral or deposit requirements.
  • Convenient Sign-Up: The sign-up process is user-friendly and straightforward.
  • Incentives: Users may receive bonuses and incentives from time to time.
  • Online Accessibility: The entire process can be completed online, without the need for physical visits.


  • Privacy Concerns: Some users may have concerns regarding privacy.
  • Cost of Repayment: The cost of repaying the loan may be higher compared to other options.
  • Short-Term Loans: Opay primarily offers short-term loan options.
  • Maximum Borrowing Limit: There is a maximum cap on the amount that can be borrowed.

How to Borrow Money from Opay

  1. Access Loan Services: Open the Opay app, locate the loan section, and check for available loan options.
  2. Review Terms and Conditions: Take a close look at the interest rates and repayment terms. If agreeable, proceed to request the loan.
  3. Receive Funds: Once approved, you’ll receive the loan amount within minutes.

Maximum and Minimum Loan Amounts

  • Maximum Loan: N50,000
  • Minimum Loan: N3,000

Opay Loan Requirements

To apply for an Opay loan, you’ll need:

  • Nigerian residency
  • Age between 20-55 years
  • Source of monthly income or a valid reason for requiring the loan
  • Valid ID card
  • BVN Number

Opay Loan Interest Rates

  • Daily Interest Rate: 0.1% to 1%
  • Annual Interest Rate: 36.5% to 360%
  • Origination Fee: N1299 to N6000
  • Loan Duration: 91 days (shortest) to 365 days (longest)

How to Repay Opay Loan

  1. Open the mobile app
  2. Log into your account
  3. Click on ‘Make a Repayment’
  4. Provide required details
  5. Click ‘Repay’

Please note that Opay employs an automatic debit system for loan repayments.

Opay Loan USSD Code

You can also borrow money from Opay using a USSD code:

  1. Dial *955# with your registered Opay number.
  2. Select the “loans” option.
  3. Apply for the loan you’re eligible for.
  4. Receive the loan in your account.

Customer Reviews:


  • Olanrewaju Heritage: [Positive feedback]
  • Odion Daniel: [Positive feedback]


  • Godsgift Iheanacho: [Negative feedback]
  • Aaron Gold: [Negative feedback]
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