Okash Loan: Is it Legit? Download App & How to Apply in 2024

  • November 19, 2023

This post contains information about the Okash loan app review.

With a lot of positive words and a little bit of negative rumor, Okash is really worth writing a review about, to help people know if really it is worth it or not.

Okash has been around for a long time both on the Google Play Store and on the Opay App.

The platform gives you access to apply for a collateral-free instant loan that will be credited into your bank account within minutes.

However, the amount of downloads or the amount of people talking about the platform doesn’t mean that it is the best.

That is why I have curated this post about Okash loan review to let you know if the platform is perfect for you, if it is legit, if it is easy to get a loan from, how their customer support is, interest rate, and in general how Okash loan app works.

Without wasting time, let’s get started!

What is Okash Loan?

Okash is a subsidiary company under Opera. That means the full meaning of Okash is Opera Kash.

It is merged with Opay which is also a fintech company under Opera, which is why Okash can also be found on the Opay app.

Okash is an online loan software that allows you to borrow money without any guarantor, or collateral and pay back with interest.

That means that with Okash, you can get a quick online loan which you can use to sort out some personal things, or even invest it in your business without collateral, or a person that will stand for you if something goes wrong.

Is Okash Loan App Legit?

Yes! Okash is a legit fintech company that is licensed to give loans to people and is also certified by the Central Bank of Nigeria (CBN).

More so, with a 4.3 stars feedback rating on Google Play Store, I would say that the company is legit, as they also have more than a million downloads on Play Store.

Check Out: Best and Most Reliable Nigerian Loan App

Okash Loan Requirements

Obtaining a loan through the Okash loan app is very easy, however, some requirements are needed to be met before your loan will be approved.

To be able to apply for a loan on Okash, below are all that you’re required.

  1. You must have a valid Email address.
  2. Android phone.
  3. You must be between the age range of 20-55 years old.
  4. You must be a resident of Nigeria.
  5. A valid identification card (ID Card)  is required.
  6. Bank details such as:
  • Bank Account Number
  • Bank Account Name
  • Bank Card (ATM Card)
  • Bank Verification Number (BVN)
  1. You must have a steady source of monthly income and also state the reasons for your loan.

Failure to meet any of the listed above requirements will result in loan rejection by Okash.

Related: Opay Loan Code to Borrow Money

How to Apply for Okash Loan in 2023: Step-By-Step Guide

The most essential thing a lot of people seek about Okash is how to apply for a loan on the app and on Opay.

For the app, you’ll need to download the Okash loan app (Keep Scrolling Down to See How and The Download LINK), then, install the app on your phone.

Now, follow the procedure below to apply for a loan on the Okash loan app.

Step 1: Download the App & Sign Up

First off, download the Okash app from your app store and register a new account. You’ll need your personal details for this, and don’t forget your BVN and bank statement.

Step 2: Click “Apply Now”

Once you’ve set up your account, log in and go to your dashboard. You’ll see an “Apply Now” button. Go ahead and click on that.

Step 3: Fill in Required Information

You’ll be prompted to fill in some details. Make sure to provide accurate info. They’ll usually ask for your BVN and bank statement here. Your information helps Okash decide if they’ll approve the loan or not.

Step 4: Wait for Review

After you’ve filled in all the info, submit your application. Okash will take some time to review it. Just sit tight; they’re usually fast.

Step 5: Get Credited

If your application is accepted, congrats! The amount you applied for will be sent to your bank account. Okash will also let you know the loan tenure and interest rate.

What If Your Application Was Rejected?

Don’t lose hope. If your application was rejected, Okash usually provides a reason. Look into it, and try to fix the issue. Then, you can go ahead and apply again.

So there you go! That’s how to apply for a loan from Okash in a few simple steps. Remember, always borrow responsibly and make sure you read the terms and conditions.

See Also: How to Borrow PalmPay Loan

Okash Loan Interest Rate

One of the most vital things that must be discussed in this post about Okash loan review is the interest rate.

— Okash interest rate ranges from 0.1% – 1% depending on the application, and it is calculated on a daily basis.

Annual Percentage Rate(APR) from 36.5% to 360%.

Origination Fee: Range from NGN 1,229 – NGN 6,000 for a one-time charge

For example:

— 91-day loan payment terms have a processing fee of 41% and an interest of 9.1%. For the loan processed with a principal amount of ₦3,000, the processing fee would be ₦1,229, the interest would be ₦273, and the total amount due would be ₦4,502.

The total amount due in the first month would be ₦1,512, the processing fee would be ₦419, the interest would be ₦93, the total amount due in the second month would be ₦1,495, the processing fee would be ₦405, the interest would be ₦90, the total amount due in the third month would be ₦1,495, the processing fee would be ₦405, the interest would be ₦90.

Okash Loan App Download

Knowing that you’ve gone through all the necessary information about the Okash loan app review, the next step in getting a loan is to download Okash loan app.

Below is a link that will lead you straight to the page where you can download Okash loan app in Nigeria on Google Play Store.

NameOkash: Safe and Reliable Loan
VersionLatest Version

Download Okash Loan App Here

How to Download Okash Loan App in Nigeria

Of course, Google Play Store isn’t the only place you can download Okash loan app in Nigeria, as you can also download Okash APK via your browser.

Below is a link that will lead you directly to the website where you can download the Okash loan app online.

NameOkash Loan App
VersionLatest Version

Download Okash Loan App Here

Okash Loan App Review

Firstly integrated on the Opay app, Okash also has an app on Google Play Store that has generated over a million (1,000,000+) downloads.

Okash Loan App Download

Not only that, but the app is also one of the few lending apps on the Google Play Store that has a feedback rating of 4.3 stars.

Okash Loan Review

More so, here are some of the things (Positive and Negative) that users have said about the Okash loan app.

How Does The Okash Loan App Work?

In a simple form, below is exactly how the Okash loan app work.

  • Install the OKash APP from the Play Store.
  • Register an account.
  • Select the product you would like to apply for.
  • Fill out your basic information, then submit the application.
  • After the submission, you may receive a call for verification. The final application result will be shown in the APP and you will be informed by SMS if approved.
  • E-sign the loan agreement after the approval.
  • After the E-sign, the approved loan amount will be disbursed into your account shortly and SMS notification will be sent.

Read Also: Palmcredit Loan Application

Okash Customer Care Number

08097755512 is the Okash customer care number, you can contact them and tender any queries you may have concerning their service.

One good thing about their customer service is that the customer care line is that it is fast to get replies and they have competent representatives.

Okash WhatsApp Number

+2349019099999 is the Okash WhatsApp number, you can leave your queries there and they’ll get back to you ASAP.

OKash Email Address

You can contact the Okash customer support via email at support@o-kash.com, tell them what your question is and they’ll try and get back to you as soon as possible.

Okash Loan Review – FAQs

Who owns Okash?

Okash is a subsidiary fintech company under Opera, a Norway based software maker. That simply means Okash is owned by Opera.

What is the interest rate of Okash loan in Nigeria?

Okash interest rate ranges from 0.1% – 1% depending on the application, and it is calculated on a daily basis.

Annual Percentage Rate(APR) from 36.5% to 360%.

Who can apply for Okash loan?

OKash does not limit your work, income, or other conditions. So long as you are 20-55 years old, all you need is an Android device, a data connection, a means of identification, as well as a valid bank account and card.

What information do I need to get a loan on Okash?

Simply follow the instructions by answering all the questions as asked. Make sure to provide authentic information about yourself.

However, make sure you have your Bank details, BVN, and ID card ready.

How long does Okash Loan application process take?

The loan application process on Okash takes just a few minutes.

What is the maximum loan amount one can receive on Okash?

The maximum loan amount on Okash differs by individual, so please ensure your information is accurate, and that you are applying with your personal mobile device. then you may get a large loan amount.

How can I make an early repayment loan on Okash?

If you want to make a payment prior to your due date, please click the ‘Make a Repayment’ button that appears on the ‘My Loan’ page of the app.

What happens if I repay my Okash loan late?

Late loan repayments automatically incur a rollover fee of 2% per day. It is therefore advised that one does not exceed the repayment period. Furthermore, this could reduce your future borrowing credit score.

Can I trust Easy Credit with my information?

Yes, information such as BVN, Bank Account Number, and Phone number can be trusted with Okash as they won’t use it for anything that will harm you.

In fact, they said on their app that “We promise that we will never disclose your personal information to third parties without your consent. (exempted late refund and service requirement)”.

Is Okash real?

Being a part of Opay and Opera, and with it being certified by CBN, Okash is definitely real and legit.


With it being a part of Opay, Okash is undoubtedly one of the most trusted online loan companies in Nigeria.

After reading the Okash loan review, I believe by now you shouldn’t have problems with if Okash is real and how it works.