Frequently Asked Questions on Okash Loan App
Okash Loan
This guide covers all rhe frequently asked questions on Okash loan app.
1. How to register okash loan?
Download the OKash APP from the Google Play Store and create a new account. Next, browse the available products and choose the one that suits your needs. Then, complete the required personal details and submit your application. Following submission, a verification call may be necessary to finalize the process.
2. How does okash loan app download work?
You can easily download the okash loan app by simply going to your app store and search for Okash loan app, it will pop up. Then you click on it and download to your device. After downloading, follow the prompt to set up the app.
3. How much can I borrow from Okash for the first time?
Okash loan services are available at your fingertips through a convenient mobile application. You’ll receive a prompt lending decision, and for new customers, the typical loan amount is N10,000.
4. What is the code to get loan from Okash?
To access Okash loan services, you need to have an existing account with them. Just dial *955# on your phone and follow the on-screen instructions to initiate the loan application process. It allows transactions easily without internet connectivity by using a simple shortcode on your mobile device.
5. Is Okash owned by Opay?
Yes, Okash the lending platform operated by Opay, a subsidiary of Opera, a Norwegian software company that owns both entities.
6. What happens if I don’t pay my Okash loan?
If the outstanding balance remains unpaid beyond the given period of time, a rollover fee will be applied to the full duration of the delay, encompassing the initial 24-hour grace period.
7. Does Okash call your contacts in Nigeria?
The contact information you provide will only be used for verification and emergency purposes. It will not be used for loan repayment or collection. Your loan information will not be shared with your contacts. Additionally, okash will collect data from your device for their credit-scoring system.
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8. Does Okash require BVN?
No, All you have to do is download the Opay mobile app and submit an application for a loan. Okash offers loans up to N500,000 Naira in Nigeria, making it a convenient option for those in need of financial assistance.
9. Is OKash approved by CBN?
Blue Ridge Microfinance Bank Limited is a mother company to okash and it is a CBN Approved institution. It empower micro-entrepreneurs and low-income individuals through short-term loans accessible via our innovative OKASH app.
10. How do I pay back OKash?
Launch the Okash app on your mobile phone, then access your account by signing in. Next, tap on the “Make a repayment” feature and provide the necessary information. Review the details carefully and ensure all required attachments are included. After verifying the accuracy, click the “repay” button to complete the transaction. Upon successful repayment, you will receive a notification confirming that the loan has been fully settled.
11. How to Apply for Okash Loan?
To access Okash Loan, download the app from the Google play store and register for an account. Next, log in to your account and view your loan limit. Choose the amount you want to borrow and select the loan duration. Click “apply” and wait for a few minutes to receive a notification message stating that your application is being reviewed. Once your application is approved, the funds will be credited to your Opay wallet, from which you can withdraw to your bank account.
12. What is the highest amount I can borrow from OKash?
The highest loan amount by okash 1,000,000N, which you Receive loan approval within minutes. No paperwork needed in the Application processe.
13. How trusted is OKash?
Okash is a trustworthy and approved lending app that ensures your security. Your credibility will not be damaged or tampered with by them. In case you fail to make payments, they will take action and inform relevant agencies.
14. How long does OKash take to process a loan?
Okash offers a quick lending solution that aims to expand credit accessibility to underserved and excluded individuals in Nigeria. Okash use its automated power to provides swift loan decisions within 15 seconds, and successful applicants receive funding within 5 minutes, 24/7.
15. Which bank is OKash using?
OKash offers a seamless and convenient personal loan experience for mobile users in Nigeria, provided by Blue Ridge Microfinance Bank Limited, a CBN-lic, customers can fulfill their financial needs entirely online, at any time and from any location, 24/7.
