- No Collateral
- Low-Interest rate
- No Question, read further to find out how to apply for Okash loan.
About OKash Loan
OKash is a Micro-lending product that is provided by Blue Ridge Microfinance bank. Users can download OKash from Google Play and set up their loan account in seconds, select their preferred bank account, link their active bank card for repayment, fill out a set of questions, and get a decision on their loan application in minutes with paperless.
OKash Loan Eligibility Criteria
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Who can apply for OKash loan?
OKash does not limit your work, income, or other conditions. So long as you are 20-55 years old, all you need is an Android device, a data connection, a means of identification, as well a valid bank account, and a card.
Check Also; How to Acess Quick Credit Loan (Gtb Loan) – www.quickcredit.com.ng
How to Apply For OKASH Loan Offers
How do I apply for an Okash loan? Open your OKash app or OPay app, and find a loan to start the loan application process. To access a loan from Okash, Download the Okash loan app on the Google play store today Fill in the necessary details. Apply for a loan and it will be disbursed into your personal bank account
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How to deactivate my DND status?
1. Text START to 2442 on your ETISALAT number that has stopped receiving Bulk SMS.
2. Text ALLOW to 2442 on your MTN number that has stopped receiving Bulk SMS.
3. Text CANCEL to 2442 on your GLO number that has stopped receiving Bulk SMS.
4. Text ALLOW to 2442 on your AIRTEL number that has stopped receiving Bulk SMS.(It has been discovered that MTN and AIRTEL networks have imposed DND without subscribers’ consent but you can still confirm by texting STATUS to 2442).
5. In case of these codes don’t work, kindly call our Customer Care. (Airtel 111 or 121, MTN 180, Etisalat 200, GLO 121 or 200). -
What information do I need to provide? Simply follow the instructions by answering all the questions as asked. Make sure to provide authentic information about yourself.
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How to fill in your relationship contact’s information? Your relationship contact is the person who can prove your reliability, credibility, and honesty. We may contact him/her when we decide on the loan. Please fill in the relationship contact’s information carefully.
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How long does the application process take? The process takes a few minutes.
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How does OKash decide whether to give me a loan or not?
OKash uses data from your phone including your handset details and financial transaction messages, and your reason for borrowing. We combine these together with your OKash repayment history to build an individualised credit score and determine the suitable loan offer for you. -
What is the maximum loan amount one can receive? It differs by individual, so please ensure your information is accurate, and that you are applying with your personal mobile device. then you may get a large loan amount.
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What is the Interest charged on the loan? What is the maximum period of the loan? The Interest charged is 1.2% per day for a fixed term of 15 days.
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I don’t know my BVN. What should I do? Just dial *565*0#. Please note: This will only work if you are making the request from the same phone number currently linked to your bank account.
OKash Loan Repayment Guide
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How to repay the loan? We’ve made it as easy as possible for you to repay your loan, here are ways of paying an OKash loan.
1. We will auto-debit the due amount at the repayment date directly from your bank card. Make sure the card has sufficient balance before the due date.
2. You can pay via the App by clicking the “Make a Repayment” button. -
How can I make an early repayment?
If you want to make a payment prior to your due date, please click the ‘Make a Repayment’ button that appears on the ‘My Loan’ page of the app. -
What happens if I pay my loan late?
Late loan repayments automatically incur a rollover interest of 2% per day. It is therefore advised that one does not exceed the repayment period. Furthermore, this could reduce your future borrowing credit score.
OKASH Loan Financial Literacy
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Borrow only what you can repay. Make sure you understand exactly what it means if you borrow money. You must ask the creditor to give you all the information. The creditor must give you all the information in language that you can understand.
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Before you borrow money. Remember it is cheaper to repay loans over a shorter period.
Ask what the fee rate is and work out what this means for you.
Compare fee rates.
Look at the small print, which explains all the terms and conditions.
Remember that fee rates could change, and your installment could increase.
Calculate extra costs like administration fees into your installment. -
Budget for repayments. Pay debts on time. Tell your creditor if you cannot pay and make a new arrangement with your creditor.
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Keep your Pin private. Never give your details over the phone unless you called the person or know exactly who you are talking to.
OKash Loan Card Setup
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My bank card is declined when I tried to complete the card setup. What should I do? This may be caused by the listed reasons:
1. You have insufficient funds in your related bank card. Please ensure you have at least ₦15 in the bank card for setup.
2. You haven’t activated your card for online transactions. For card activation instructions, please contact your bank.
3. Details input may be incorrect: please check the card number, expiry date, and CVV provided to be sure all information is valid.
4. You are attempting to set up a card that has already been used by another OKash customer.OKash currently supports multiple bank cards setup, if you still have issues with bank card setup, please send us a message and we are glad to help you.
Why Choose OKash
OKASH Has Opportunity of Loan Cancellation
OKash allows a maximum period of 24 hours from the moment of a disbursement within which the loan can be canceled. If you have applied for the loan by mistake, please repay the principal within 24 hours, then contact our customer service at your earliest convenience to clear the loan.
Courteous Loan Collection Process
OKash does not tolerate any form of inappropriate or illegal collections. If you have experienced any form of harassment or another form of abusive language, or threats to your privacy and safety while using the OKash service, please save the evidence and immediately contact our customer service department. We will investigate the matter, and where we confirm that the abuse originated from an OKash staff, undertake appropriate disciplinary and remedial measures.
Please Note: OKash reserves the right of final interpretation for all the rules above.
OKash Loan Contact Details
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Need help?
If you have any questions, you can contact us in the following ways:-
Visit the official Okash loan form portal via www.ng.o-kash.com
• Phone number: 08097755512
• WhatsApp: +2349019099999
• Email: support@o-kash.com with your registered phone number in the subject.
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We will contact you as soon as possible.
