Okash loan Nigeria – Eligibility & How to Apply

Okash loan Nigeria – Okash, a product of Blue Ridge Microfinance Bank, revolutionizes micro-lending in Nigeria by providing a swift, fully digital loan service accessible through the Google Play Store. With Okash, users can set up a loan account in seconds, link their active bank card for repayments, and complete a simple application to receive loan decisions within minutes—all without the need for physical paperwork.

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Why Okash loan

Flexible Loan Terms

Okash provides a range of loan terms from 91 days to 365 days, catering to different financial needs and repayment capabilities.

High Loan Amounts

Borrowers can access up to NGN 1,000,000, which is directly disbursed into their bank accounts, facilitating substantial financial assistance when needed.

Fully Digital Experience

The entire loan process from application to disbursement is conducted online, offering a convenient, paperless, and hassle-free experience right from your mobile device.

Strong Privacy and Security

Okash prioritizes your privacy and security by ensuring that personal data is protected and never shared without explicit consent, all within a framework licensed and regulated by the Central Bank of Nigeria.

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Residency Requirement

Applicants must be residents of Nigeria, providing adequate proof of residency during the application process.

Age Limit

Individuals applying for a loan with Okash must be between the ages of 20 and 55 years old, ensuring they are legally able to enter into a contract.

Income Verification

Potential borrowers need to have a stable source of monthly income. This requirement helps to ensure that applicants have the means to repay their loans in a timely manner.

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Interest Rates

Interest Rates for Okash Loans

Okash offers competitive interest rates calculated on a daily basis. The daily interest rate starts as low as 0.1% and can go up to 1%, depending on various factors including the loan amount and the borrower’s credit profile.

Annual Percentage Rate (APR)

The Annual Percentage Rate (APR) for loans from Okash ranges from 36.5% to 360%. This rate encompasses the total cost of borrowing on an annual basis, including any fees or additional charges beyond the interest itself.

How to Apply

Download the Okash App

Start by downloading the Okash app from the Google Play Store to ensure you have the latest version installed on your mobile device.

Register Your Account

Open the app and sign up for a new account. You will need to provide some personal information such as your name, email address, and phone number to create your profile.

Select the Loan Product

Once your account is set up, navigate to the loan options and select the product that best fits your needs. You can view different loan amounts and repayment terms to choose what works for you.

Fill Out the Application Form

Complete the application by entering detailed information such as your employment status, monthly income, and bank details. This step may also require you to upload documents for verification purposes.

Submit and Await Approval

Once you have completed the application, go ahead and submit it for evaluation. Approval typically takes a few minutes, and if approved, the loan amount will be disbursed directly into your linked bank account. You will receive confirmation via SMS or within the app once the funds are available.


Log Into Your Account

Open the Okash app and enter your login details to access your user dashboard.

Navigate to the ‘Repayment’ Section

Once logged in, find the ‘Repayment’ or ‘My Loans’ section, which will show you all your current loans and the details of your repayment schedules.

Select Your Active Loan

Choose the loan you are looking to repay. The app will display the total amount due, including any interest accrued and the due date.

Choose Your Payment Method

Choose a payment method that suits your convenience. Okash typically offers options like direct debit from your bank account, credit/debit card payments, or through mobile money services.

Confirm and Complete Payment

Input the necessary payment information and verify the transaction. Make sure to review all the details to ensure accuracy before finalizing the payment. You will receive a confirmation notification within the app and possibly an SMS once your payment has been processed successfully.


In conclusion, Okash provides a quick and efficient solution for obtaining personal loans in Nigeria. With its straightforward application process through a mobile app, flexible loan options, competitive interest rates, and secure transactions, Okash is an excellent choice for those in need of financial assistance. Remember to review the terms and conditions carefully, ensure timely repayments, and take advantage of the convenience and reliability that Okash offers to manage your financial needs effectively.

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