You must have seen OKash adverts and you want to borrow money from OKash but don’t know how. Rather than juggling around, we’ve made a detailed guide that’ll walk you through how you can apply for a loan From OKash online in Nigeria.
There are a lot of loan apps in Nigeria, and one of them happens to be OKash. With OKash you can get instant loans without going to the bank. OKash is reliable and they give high loans, while the process of getting their loans can be difficult at times, we can assure you that if you meet up with the requirements to get a loan from them, you’ll surely get one.
Aside from OKash, there are online microfinance loans you can take as well. But since you’re loaning from OKash. In this topic you’re reading on NaijaKnowHow, you’ll learn how to borrow money from OKash Online in Nigeria.
What is OKash?
OKash is a Micro-lending product which is provided by Blue Ridge Microfinance Bank. OKash loans are simple, the whole process of borrowing money from OKash isn’t confusing at all. Customers can download OKash from Google Play, set up their loan account in a matter of seconds, choose their desired bank account, link their active bank card for repayment, complete a series of questions, and receive an instant verdict on their loan application.
At the moment, only Android users can access the OKash app since there’s no version for iPhone users at the moment
Requirements to Loan Money From OKash
Before you can borrow money from OKash, you’ll need to have the following details below. They’ll mostly be required before your loan can be approved by OKash. Make sure any details you’re dropping are accurate because wrong information can have your loan disapproved.
- Valid Bank Account
- Means of Identification (NIN, Int Passport, Drivers License, Voters Card)
- Utility Bill
- Good Credit History
Steps to Borrow Money from OKash Online in Nigeria
To access loans OKash, here are the following steps you need to follow.
Step 1: Download OKash
To get started on your OKash loan application. The first thing you need to do is download the OKash app on your Android device, you can download it from Google Play Store or via the app button below. As explained earlier, OKash is only available to Android users only.
Step 2: Launch the Okash App
Once you’ve completed your installation process, now open the OKash app and allow the required permissions the app requests. Note: The app will request access to your contacts, messages and photos. After that, enter your Phone Number to Sign Up on Okash. Then create your 4-digit password as well.
Step 4: Apply for a Loan
Now to borrow money from OKash, you’ll see an option that says Apply Now on the Okash app. Click on Apply Now and on the first page, you’ll need to provide basic information about yourself. You’ll start with your name, gender, dob and Bank Verification Number (BVN). email, residential address, street address, marital status and employment details. You must fill all correctly. Once done, click on the Submit button to proceed to the next step.
Step 5: Provide Additional Information
On the next slide, you’ll be asked to provide a relationship contact. It could be your mother, brother, spouse or father. Then you’ll do identify authentication to show that you’re a real person. Once all is done, click the submit button and wait a few minutes for your application to be approved.
Step 6: Borrow Money From OKash
Once your OKash request has been granted, now it is time to borrow money from OKash. On the Okash app, click on Loans, and you’ll see the amount you can access. If it is okay by you, you can take the loan, provide some details regarding the loan and also an account number where the loan will be disbursed into. You’ll get your loan instantly.
How To Repay the Okash Loan?
OKash has made it as easy as possible for you to repay the money you borrowed from them, here are two ways of paying an OKash loan.
- OKash will automatically deduct the required amount from your bank card on the payback date. Make sure the card has enough money on it before the due date.
- By selecting “Make a Repayment,” you can make a payment using the OKash app.
To borrow money from OKash is quite easy, with the guide we have provided in this article. Hopefully, you’re able to apply for loans and get approved. We’re always open to receiving comments so if you have any questions, our comment sections are open to you. Before you leave, you could also consider reading our article on how to borrow money from PalmPay.