Okash Loan App Review: Is It Legit? Features And Interest Rate
Victor Nwofe
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Sometimes life hits us at the wrong side and we find ourselves in need of a loan to solve our needs or fund our new business idea.
Okash is an online loan app and in this Okash loan app review I'll be diving deep into Okash features and answering questions you might have about the app. So stick around.
Important note: If you decide that you’ll use Okash after reading this article then I recommend you >>Click Here<< to download Okash and get a one time signup bonus upon registration.
What is Okash?
Okash is an online loan app that offers easy low interest rate loans without collateral to users like me and you in need of a soft loan.
Okash is a loan app that offers up to N500,000 loans for personal and business purposes. The app has a good user interface and user experience making it one of the best loan apps in Nigeria.
Getting an instant loan has been made easier and simpler with the new age of technology.
How does the Okash loan work?
To get a loan from Okash you don’t need any complicated details, you just need your details such as phone number and BVN with no collateral.
Okash app makes use of artificial intelligence (AI) to examine your data and assume your credit score with the help of your BVN phone number.
Your phone number should be the one that is linked to your BVN and you are sure of receiving SMS.
How much is Okash loan interest rate?
An important topic we should talk about is the interest rate on Okash. Okash has a loan interest rate of 0.1% up to 1%
Their interest rate is calculated on a daily basis. Annual Percentage Rate(APR) from 36.5% to 360%.
For example, 91-day loan payment term the interest is 9.1%. For the loan processed with a principal amount of NGN 3,000, the interest would be NGN 273, the total amount due would be NGN 3,237.The total amount due in the first month would be N1,093, the interest would be N93, the total amount due in the second month would be N1,090, the interest would be N90, the total amount due in the third month would be N1,090, the interest would be N90.
Okash loan duration:
Okash usually has a loan duration from 91 days to 365 days*.
Okash loan amount:
Okash usually issues a loan payment of NGN 3,000 to NGN 500,000.
How to apply for an Okash loan？
Install the Okash app from the Play Store. Simply >>Click Here<< to download and install Okash to your device.
Register an account with your Name, BVN, Email and Phone number.
Use code "15jdg8" when asked for a referral code.
Go to your app dashboard and click on apply for a loan.
Select the loan 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 an SMS notification will be sent.
Okash loan requirements:
Low interest loans without collateral come at a cost. You're required to meet some requirements before a loan is issued to you.
The requirements are as follows:
A valid Email address.
An Android phone.
You must be between the age range of 20-55 years old.
You must be a resident of Nigeria
A valid identification card (ID Card) is required.
Bank details such as:
- Bank Account Number
- Bank Account Name
- Bank Card (ATM Card)
- Bank Verification Number (BVN)
A steady source of monthly income and also state the reasons for your loan.
Important note: If you decide that you’ll use Okash after reading this article then I recommend you >>Click Here<< to download Okash and get a one time signup bonus upon registration.
Okash loan repayment:
Okash is a partner with Blue ridge Microfinance Bank.
Okash gives you two options to repay your loans.
You can either repay directly through the app or physically at the bank.
To pay using the bank option, you make your repayment to the details provided below:
Account name: Zenith Bank plc.
Account number: 1130085518
Once you have completed your payments at the bank, you are required to send the proof of payment to "repayment.proof.ng@o-kash.com" in order for your payment to be verified and your loan status changed accordingly.
Okash Customer Service number, Email & address:
If you are ever in need of assistance and need to talk directly to Okash below are their support lines.
Okash Customer service Email:
support@o-kash.com
Okash Customer Service hotline:
018884549
Okash Address:
Room 301, Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria
Okash USSD Code
The official Okash loan USSD code is *955#, and you can dial this number from any mobile network service provider in Nigeria.
Is Okash still giving loans?
Yes, Okash is still giving loans. I recently got a loan of over N50,000 seamlessly from Okash without collateral.
Is Okash legit?
Yes, Okash is legit. They are duly registered with the Central Bank of Nigeria. They have a physical address at lagos and have security put in place to prevent users account from being hacked or thwarted by hackers.
Okash google play store reviews:
On the app store, the app is receiving a mixture of positive and negative reviews:
Here’s what some of the users have to say about the app:
Here are some positive review:
Here are some negative review:
Okash referral code:
Yes, Okash has a referral code. Okash referral code is "15jdg8". Apply it during your signup process. You will get a bonus once you do.
Okash loan app download:
Okash tops the chart as one of the most downloaded loan apps with over 5 million downloads and counting.
Simply click on the link below to download the latest version of Okash.
Click here to download Okash loan app
Conclusion: Okash loan app review
Okash is a good loan app if you're looking for a means to offset your bills, fund a business or solve pressing needs without having to pay high interest rates or submit a collateral like traditional bank loans. It's totally worth getting a loan through Okash as they're one of the best online loan apps in Nigeria. Simply apply for a loan and if accepted you get a loan up to N500,000.
Hope this helps. Peace ✌️
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2moWhy is it that i hv to pay first 120 bob??
|| Real Estate Marketer ||Operations Supervisor ||Actor|| MODEL@dxcmodel management || I render real estate services ,business development ideas and Entertainment services || Aspiring Film Producer
3moPlease do you know any insider working with this brand ?
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4moThis Okash app is not professional enough. They kept on calling me with their programmed computer voice that my loan would be due soon. I have NEVER borrowed money from them. I have called their customer service and complained but still, their computer voice calls on calling me. One day I will trace their office with the police
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4moOkash is the best loan app in Nigeria that I have come across. Long duration, low interest good communication with their costumer service, everything is just fantastic, I love 💕 okash.
Food and Beverage Professional/Trainer/Event Planner/Hospitality Consultant/Pre opening expert/Hotel Operations and Recruitment specialist.
6moI don't know why u guys dnt pick up calls...it's unprofessional..... I have been calling fur days now not able to speak to a customer care person....