Okash loan app is one of the most trusted and reliable platforms for borrowing money online in Nigeria, Kenya, and India. If you have been looking for a loan companion to help you with instant cash whenever you need to pay bills that cannot wait, Okash is here. However, in this guide, we will answer your most burning questions in regards to our experience with the app. So, we have answered questions regarding how to download the Okash loan app, interest rates in Kenya, Nigeria, and India, loan limit and repayment periods.
From here, you will have a better understanding on whether to borrow money online using the Okash mobile loan app or to consider other financial apps available on the internet in Kenya, Nigeria, or India. So without any delay, let’s get started with our FAQ review.
| Loan limit | ₦3,000 to ₦1,000,000 |
| Repayment period | 91 days to 365 |
| Interest rates | 0.1% to 1% |
| Loan Requirements | Download Okash loan app |
How does Okash instant loan app work?
Okash is a mobile lending platform operating in Nigeria, Kenya, and India that offers quick and convenient access to short-term loans for individuals through their online app. Okash app is available for free download on Google play store for everyone using Android devices. The app interface is intuitive, making it easy for users to navigate and apply for loans without any hassle.
How long does Okash take to process loan?
One of Okash’s key strengths is its speedy loan approval and disbursement process. Upon completing the application, users receive quick decisions on their loan applications, often within minutes. For Borrowers in Kenya, India, and Nigeria, Okash loan app takes approximately 15 seconds to process your loan request and offer an approval through their automated lending system. Once your loan application is approved, Okash app will take between up to 5 minutes to deposit your loan amount on your account instantly.
How do I qualify for a loan from OKash?
To qualify for an instant loan from Okash in Kenya, Nairobi, or India, you need to meet their requirements which include: You must have an Android device, download the Okash loan app, have a valid bank account, National ID or driving permit for easy identification, and you must be between 20 to 55 years of age to borrow money online.
What is the maximum loan amount on OKash in Nigeria?
Okash offers a loan limit as high as ₦1,000,000 in Nigeria and as low as ₦3,000 repayable from 91 days to 365 depending on your financial and transaction history. However, note that Okash provides an opportunity for users to build their credit history by responsibly borrowing and repaying loans on time. Timely repayment of loans can contribute to improving users’ credit scores, potentially opening up access to larger loan amounts and better financial opportunities in the future.
What is the interest rate on Okash loans?
The interest rate of Okash loans ranges from 0.1% to 1%. However, be careful with your personal data while using the Okash loan app. One of the weak points of this app is their failure to protect user data having has trouble with the Nigeria government of late.
Why is OKash not on the app Store?
Nigeria Shuts Down Okash and Other Loan Apps for Customer Privacy Violation. The Nigerian Federal Government has unleashed its powers to police some loan apps that have violated customer privacy. The apps are; Okash, GoCash, EasyCredit, KashKash, Easy Moni, Speedy Choice, and Sokoloan.
Editorial Remarks
Overall, Okash instant loan app distinguishes itself as a reliable and efficient mobile lending platform in Nigeria, offering a seamless borrowing experience, transparent terms, and responsive customer support to help users meet their short-term financial needs effectively. In case you need an alternative loan app in Nigeria, Kenya, or India, we have recently reviewed a number of them.
