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

Credit Direct Loan

Who is Okash Loan for? Are you in need of a soft loan without collateral? Look no further because Okash, the online loan app, is here to help. In this article, we’ll dive into the world of Okash, exploring its features, interest rates, application process, and more. Whether you need a loan for personal or business purposes, Okash offers an easy and straightforward solution.

Okash is an online loan app that has gained popularity in Nigeria due to its user-friendly interface and seamless user experience. It provides low-interest loans without requiring any collateral, making it an attractive option for individuals in need of financial assistance. The convenience of Okash lies in its utilization of artificial intelligence (AI) to assess your creditworthiness through your BVN and phone number, eliminating the need for complicated application processes.

How Does the Okash Loan Work?

To obtain a loan from Okash, you don’t need to jump through hoops. Simply provide your phone number and BVN without any collateral requirements. The app uses AI to analyze your data and determine your credit score based on your BVN and the phone number linked to it. Ensure that you have access to the phone number linked to your BVN, as you’ll receive SMS notifications through it.

Okash Loan
Okash Loan

How Much is Okash Loan Interest Rate?

Understanding the interest rate is crucial before taking out any loan. Okash offers a competitive interest rate ranging from 0.1% up to 1% per day, resulting in an Annual Percentage Rate (APR) of 36.5% to 360%. For instance, if you opt for a 91-day loan with a principal amount of NGN 3,000, the total interest would amount to NGN 273, with the total amount due being NGN 3,237. Each monthly payment will consist of a portion of the principal and the interest.

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Okash Loan Duration

Okash offers loan durations ranging from 91 days to 365 days, giving you flexibility in selecting a repayment period that suits your financial needs.

Okash Loan Amount

Okash is known for providing loan amounts ranging from NGN 3,000 to NGN 500,000, making it accessible for various financial requirements.

How to Apply for an Okash Loan?

Applying for an Okash loan is a breeze. Here’s a step-by-step guide to the application process:

  1. Download the Okash app from the Play Store or App Store.
  2. Register an account with your Name, BVN, Email, and Phone number.
  3. Use code “15jdg8” as your referral code when prompted.
  4. Go to your app dashboard and click on “Apply for a loan.”
  5. Choose the loan amount you wish to apply for.
  6. Fill out your basic information and submit the application.
  7. Await verification, and if approved, sign the loan agreement electronically.
  8. After E-signing, 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 with two options available:

  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: You can also make manual payments by transferring the due amount to Blue Ridge Microfinance Bank Ltd.’s account. 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

Okash Loan
Okash Loan

If you need assistance, you can contact Okash through the following channels:

  • Customer service Email:
  • 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 can be dialled 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 have put in place robust security measures to safeguard user accounts from hackers and unauthorized access.


In conclusion, Okash is a reliable mobile lending app that offers short-term loans to Nigerian citizens. Its easy application process and competitive interest rates make it a preferred choice for those in need of quick financial assistance. However, it’s essential to approach any loan responsibly and ensure timely repayments to avoid additional fees and potential damage to your credit score.


  1. Q: How much can I borrow from Okash?
    • A: Okash provides loans 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 can repay your Okash loan directly through the app or physically at the bank. If you choose the bank option, make sure to send the proof of payment to “” for verification.
  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 durations 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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