Okash Loan App Review: Is It Legit? Features And Interest Rate

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Are you looking for a convenient way to get a loan without collateral? Okash, the online loan app, might just be the solution you need. In this article, we’ll explore Okash’s features, interest rates, application process, and more to help you determine if it’s the right choice for your financial needs.

How Does the Okash Loan Work?

Okash offers an easy and straightforward process for obtaining a loan. Unlike traditional banks that require extensive documentation, all you need to provide is your phone number and BVN (Bank Verification Number). The app employs artificial intelligence (AI) to analyze your data and assess your credit score based on the provided information. Make sure your phone number is linked to your BVN and ready to receive SMS notifications.

How Much is Okash Loan Interest Rate?

Understanding the interest rate is essential before taking out any loan. Okash offers competitive interest rates ranging from 0.1% up to 1% per day, resulting in an Annual Percentage Rate (APR) of 36.5% to 360%. For example, if you borrow NGN 3,000 for a 91-day loan term at an interest rate of 9.1%, the total interest would be NGN 273, making the total amount due NGN 3,237.

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Okash Loan Duration

Okash provides flexibility in loan durations, allowing you to choose a repayment period that suits your financial situation. The loan terms range from 91 days to 365 days, giving you ample time to repay the loan comfortably.

Okash Loan Amount

Whether you need a small amount for personal expenses or a substantial sum for business purposes, Okash has you covered. The app offers loan amounts from NGN 3,000 to NGN 500,000, catering to various financial requirements.

How to Apply for an Okash Loan?

Applying for an Okash loan is a straightforward process. Here’s a step-by-step guide to help you through it:

  1. Download the Okash app from the Play Store or App Store.
  2. Register an account using your Name, BVN, Email, and Phone number.
  3. Use code “15jdg8” as your referral code when prompted.
  4. Access the app dashboard and click on “Apply for a loan.”
  5. Choose the loan amount that fits your needs.
  6. Provide your basic information and submit the application.
  7. Wait for verification, and if approved, sign the loan agreement electronically.
  8. Once you’ve E-signed, the approved loan amount will be disbursed to your account, and you’ll receive an SMS notification.

Okash Loan Requirements

To qualify for an Okash loan, you’ll need to meet the following requirements:

  1. A valid Email address.
  2. An Android phone.
  3. Age between 20-55 years old.
  4. Residency in Nigeria.
  5. Valid identification card (ID Card).
  6. Bank details: Bank Account Number, Bank Account Name, Bank Card (ATM Card), Bank Verification Number (BVN).
  7. Proof of a steady source of monthly income and reason for the loan.

Okash Loan Repayment

Repaying your Okash loan is hassle-free, thanks to the two available options:

  1. Automatic debit: Okash will automatically deduct the due amount from your bank card on the repayment date, so ensure sufficient balance in your bank account.
  2. Manual payment: If you prefer, you can make manual payments by transferring the due amount to Blue Ridge Microfinance Bank Ltd.’s account. The details are as follows:
    • Bank Name: Zenith Bank Plc
    • Account Name: Blue Ridge Microfinance Bank Ltd.
    • Account Number: 1130085518
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Okash Customer Service Number, Email & Address

If you need assistance, Okash provides the following contact details:

  • Customer service Email: support@o-kash.com
  • Customer Service hotline: 018884549
  • 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#, which you can dial from any mobile network service provider in Nigeria.

Is Okash Still Giving Loans?

Yes, as of now, Okash is still offering loans to eligible users. Many individuals have successfully obtained loans from Okash without collateral.

Is Okash Legit?

Absolutely! Okash is a legitimate loan provider registered with the Central Bank of Nigeria. They prioritize the security of user accounts and have implemented measures to prevent unauthorized access and fraud.


Okash is a convenient mobile lending app that offers short-term loans to Nigerian citizens. Its user-friendly interface, competitive interest rates, and easy application process make it a viable choice for those seeking quick financial assistance. However, as with any loan, it’s crucial to manage your finances responsibly and make timely repayments to avoid additional fees and potential credit score impacts.


  1. Q: What is the maximum loan amount I can borrow from Okash?
    • A: Okash offers loan amounts ranging from NGN 3,000 to NGN 500,000, depending on your creditworthiness and loan purpose.
  2. Q: Can I repay my Okash loan at the bank?
    • A: Yes, you have two options for loan repayment. You can either set up automatic debit from your bank card or make manual payments at the bank using the provided account details.
  3. Q: What is the interest rate for Okash loans?
    • A: The interest rate for Okash loans ranges from 0.1% to 1% per day, resulting in an APR of 36.5% to 360%.
  4. Q: How long is the Okash loan duration?
    • A: Okash offers loan terms ranging from 91 days to 365 days, allowing you to choose a repayment period that suits your needs.
  5. Q: Is Okash a legitimate loan provider?
    • A: Yes, Okash is a legitimate loan provider registered with the Central Bank of Nigeria, ensuring safe and secure financial transactions.
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