OKash Loan App Review: how to get Instant loan in Nigeria

OKash is a Nigerian Money Lender that provides secure and easy short-term cash loans for both personal and business use to meet urgent cash needs. OKash is owned by Blue Ridge Microfinance Bank Limited. The app fulfills customers’ financial needs 7*24 completely online. The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant’s bank account.

The app uses AI to analyze your bank records and validate your BVN to take lending decisions based on your credit score. The loan is 100% online, with no collateral required and you can apply at anytime, any day of the week.

How to Apply for OKash loan?

  1. Download and Install the OKash APP from the Play Store.
  2. Register an account with your 11 digit BVN
  3. Select the product you would like to apply for.
  4. Fill out your basic information, then submit the application.
  5. 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.
  6. E-sign the loan agreement after the approval.
  7. After the E-sign, the approved loan amount will be disbursed into your account shortly and a SMS notification will be sent.

OKash interest rate?

The interest rate charged by OKash is between 0.1% up to 1% daily. With Origination Fee Range from NGN 1,229 – NGN 6,000 for a one-time charge

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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 NGN 3,000, the processing fee would be NGN 1,229, the interest would be NGN 273, the total amount due would be NGN 4,502.The total amount due in the first month would be N1,512, the processing fee would be N419, the interest would be N93, the total amount due in the second month would be N1,495, the processing fee would be N405, the interest would be N90, the total amount due in the third month would be N1,495, the processing fee would be N405, the interest would be N90.

Note: expect both your loan amount and loan tenure to be significantly lower as individual interest rate, loan amount and loan tenure are calculated based on the applicant’s credit score and credit worthiness. Keep a good credit score and repay your loan on time to qualify for higher amounts. See how loan apps make lending decisionsSee how loan cisions for first time borrowers and how to increase your loan limits.

OKash loan app

Is OKash legit?


Yes, Okash loan is legit and secure. The app is owned by BlueRidge Microfinance limited and uses European level encryption to secure its transactions. A lot of customers have testified to receiving a loan from them. Read other customer’s Review on Google play store.

When you download OKash, it will ask for your permission to scan your financial location data and other information in order to verify your identity, creditworthiness, and provide you with an instant loan. It also use this to help you better understand and improve your finances with us. The app takes privacy seriously – all data you choose to share is encrypted and your personal data will never be shared without your consent.

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What OKash can improve.

OKash app is a great loan app and offer fantastic customer care services compared to other loan apps in Nigeria.

However, a lots of customers have complained about their high interest rates, especially for first time borrowers.

Others have also complained about a bug that causes the app to malfunction in its recent update. If you’re experiencing these malfunctions, contact customer service.

Personal Loan Eligibility

  • You are a Nigerian Citizen
  • You are at least 18 years or older
  • Approval of your loan depends on a number of factors, such as, all documents required are uploaded, leverage ratio and disposable Income.
  • You have a source of income
  • You have a Nigerian Bank account.

How much can I borrow with OKash?

OKash will offer you a loan range between N3000 to N500000. Monthly loan payments, interest rates, and loan terms will vary depending on your credit score.

OKash customer care number

Customer Service Email: [email protected]
Customer Service Hotline: (+234)08097755512,08097755514
Office Address: Room 301, Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria

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