Okash Loan App Review : Safe and reliable Loan 2023

Have you ever gotten a loan online using the okash loan app? You’ll learn everything you need to know from us. No matter why someone needs money, whether it’s because of an unexpected event, for personal reasons, or personal use, they will always need it.

We don’t always have the money we need when we need it. This could be for several reasons. The only way out is to get loans that can meet our needs quickly. The okash loan app is a very unique way to pay for things that you need right away without having to worry about papers.

What is okash loan app?

Okash is a mobile lending app that makes it easy and quick for people in Kenya who need unexpected cash to get loans. OneSpot Technology Limited, which is based in Kenya and works in banking technology, runs the app. With okash, users can ask for loans from KES 2,500 to KES 50,000.

If approved, the money is sent directly to their mobile money account within minutes. The app uses advanced algorithms and data analysis to figure out a borrower’s reputation and make sure loans are only given to people who are likely to pay them back on time. It’s important to remember that even though okash makes it easy to get a loan, users should only take what they need and can afford to pay it back.

How do I get a loan from okash?

To get a loan from okash, you have to do the following:

  1. You can get the okash app from the Google Play Store (for Android) or the App Store (for iOS) and put it on your phone or tablet.
  2. Once the app is installed, you can open it and make an account by entering your name, phone number, and email address. You will also have to come up with a password.
  3. After you make an account, you’ll be asked to send in your loan application. To do this, you will need to give details about where you work, how much money you make, and how much money you spend.
  4. Once you send in your loan application, Okash will use advanced algorithms and data analysis methods to look over it and figure out if you are a good credit risk.
  5. If your loan application is accepted, the money will be sent right to your mobile money account.
  6. If you don’t meet these standards, you probably won’t be able to get the loan you want.

These are the rules:

  • The account number and name must be correct.
  • You must be a citizen or permanent resident of Kenya and have a legal Kenyan national ID card.
  • Number BVN Phone Android
  • Age range from 20 to 55
  • Finish your Okash application.

How to login to okash loan app?

  • From the Play Store, download the okash app.Okash on Play Store
  • Make a new account.
  • Choose the goods for which you want to apply.
  • Give some general information about yourself, and then apply.
  • After you send in the form, you may get a call to confirm. The final result of your application will be shown in the APP, and if you are accepted, you will get an SMS.
  • After the loan is approved, e-sign the loan deal.
  • As soon as you E-sign, the accepted loan amount will be sent to your account, and an SMS will let you know.

Download okash Loan App for iPhone

IPhone users can get the Ooash loan app. From the Apple App Store, you can get the Okash loan app for your iPhone. Here’s how to get the Okash loan app on your iPhone and set it up:

  1. On your iPhone, open the Apple App Store.
  2. Find “Okash” by typing it into the search bar.
  3. Choose the Okash loan app from the results of your search.
  4. Click the “Get” button to get the app for your iPhone and put it on your phone.
  5. After the app is downloaded, open it and follow the on-screen instructions to create an account and ask for a loan.

Rate of interest of okash loan app

The interest rate Okash charges depend on how much you borrow and how long you take to pay it back. Due to how easy and fast it is to get money through the app, however, the interest rates are usually higher than for traditional bank loans.

The interest rate that Okash charges are between 1.14% and 1.44% per month. For example, if you borrow KES 10,000 for 30 days, based on the interest rate, you will have to pay back KES 11,400 to KES 11,440.

It’s important to know that Okash charges late fees and fines for loan payments that aren’t made on time. This can cause you to pay more fees and hurt your credit score. So, it’s best to only borrow what you need and can afford to pay back on time.

Is okash loan app legit or a scam and safe to use?

The Okash loan app is a legitimate way to get a loan. It is run by the same company as Opera and Opay. All of your information is safe and secure when you use the Okash loan app. All payments are made through safe exchanges.

How to pay back

Follow these steps to pay back your Okash loan:

  • Open the Okash app on your phone and sign in to your account.
  • On the home screen, click the “Reply” button.
  • Choose the loan you want to pay back from the list of loans that are still open.
  • Choose the way you want to pay, such as mobile money, a debit card, or a bank transfer, from the choices available.
  • Enter the amount you want to pay back and follow the on-screen instructions to finish making the payment.
  • When the payment goes through, your loan amount will be updated, and Okash will send you a message to let you know.

Make sure you pay back your loan on time to avoid late payment fees and fines, which can add up and make the loan cost more. You can set up regular loan payments to make sure you pay on time and don’t miss any payments.

Also Read: How to get Bank Overdraft Fees Refunded

List of fake Okash loan apps in Nigeria

There have been claims that fake loan apps are being used to scam people in Nigeria. Here are some Nigerian loan apps that are known to be fake:

  1. Quick Loan

This app says it can give people quick loans, but it ends up charging a fee upfront before giving out the loan. After the fee is paid, the borrower does not get the cash.

  1. Paylater loan app

This is a copy of the real Paylater app, which lets users take out loans. This fake app, on the other hand, has a similar name and image, but it does not offer loans.

  1. Loan World

Loan World is an app that says it can get you a loan in minutes, but you have to pay a handling fee before you get the money. But even though borrowers pay the fee, they don’t get the loan.

  1. LoanMart

This fake loan app says it can help people with bad credit get loans, but they have to pay a fee upfront before the loan is accepted. But even though borrowers pay the fee, they don’t get the loan.

  1. KwikCash

KwikCash is another fake loan app that says it will give people loans but makes them pay a fee upfront before giving them the money. After the fee is paid, the borrower does not get the cash.

Before applying for a loan through any app, you should be careful and do a lot of study. Use loan apps from companies you know you can trust, and don’t pay any fees upfront to get a loan.

Okash loan app customer care app

Customer Service Email: [email protected]

Customer Service Hotline: (+234)08097755512,08097755514

Address: Room 301, Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria


Okash is a great option for traditional loans for sure. One of the good things about this kind of credit is that the loans get to the people who need them quickly.

The Okash loan application is one of the easiest ways to get low-cost loans from Nigeria without having to go through the long, drawn-out process that most people have to go through at traditional banks.

There is no question that the Okash app is one of the best fintech companies in Nigeria. Because they have been in the business for a long time and know a lot about it, they have a good reputation as a reliable source for quick loans that meet your personal and company financial needs.

Leave a comment below if you need help or are confused about how to use the okash loan app.


How much money can you borrow from Okash?

When you use the loan tool for the first time, you can borrow up to N10,000. But people who have had a good credit score for more than three months can get loans that are more than NN100,000

This is because there is a guarantee for the bank’s money if borrowers, especially first-time borrowers, don’t pay back the loans they are offered.

How much is the annual interest on a loan from Okash?

Annual Interest rates on loans from Okash range from 23% to 35%, based on how much you borrow and how long you take to pay it back.

How long will it take Okash to finish the loan?

If your loan application is approved, meets all conditions, and you have never missed a payment on a loan before, you can get the money within 24 hours of filing your application.

Most of the time, borrowers can get the loan within five minutes of filling out the application. However, there are times when the approval process can take longer than usual, but the most time they have to wait is 24 hours.

What will happen if you don’t pay back your Loan?

This is one of the main reasons why people should be able to set up a plan for paying back loans before they take them out.

The reason is that most people wish they hadn’t taken out the loan in the first place if they can’t pay it back.

Because the Okash loan application can access your contact list, most of your friends will get messages that you can’t pay back loans you’ve taken out. The business might also be able to sue the borrowers for more losses, and there are other things you should try to avoid.

What’s Okash’s contact information?

If you have any questions or worries about the Okash loan app or the services they offer, feel free to email them at [email protected].

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