Today, there are tons of loan apps in Nigeria that ease Nigerians meeting daily needs. One of the most impressive things about these apps is that they don’t request collateral before granting loans to applicants.
Although, most loan apps give out short-term loans to customers. And they also start giving out loans from a very small amount before they increase it for faithful customers.
All you need in most cases are just your phone number, contact address, and BVN number, and at times you have to link your atm card number for auto debit.
Opay is one of the easiest platforms you can borrow from. If you are in need of urgent 2k, or you need money for something serious, you can borrow now and pay later. Stay with me, let me take you through the processes.
What Is Opay About?
Opay was created in 2018 to aid easy transactions without going to the bank. It functions like a mobile bank and can help to pay bills on the account.
If you are registered with Opay, you can pay your electricity bill, decoder bill, and even your bolt ride on the app.
It’s more like carrying a mobile bank around in your pocket.
Your registered phone number functions as the account number. And to get started is free, all you have to do is to download the app and register.
Many people have decided to use Opay because of the cheap rate on charges when transactions are made. Opay can also be a source of income by inviting people through your referral code.
Opay doesn’t stop at transactions alone, they also grant loans out to customers. You can turn to Opay if you need an urgent loan.
How To Borrow from Opay
Opay lends out money through Okash. So, whenever you see OKash, you should know you are seeing Opay.
Follow these steps.
1. Download the Okash mobile App
2. Open an account and fill in the required information.
3. The agents will verify the account in less than 5 minutes.
4. Apply for the loan.
5. Check the interest rate to be sure it favours you.
6. Lastly, read the terms and conditions before accepting the offer.
Requirement To Get Loan from Opay
Applying for a loan requires a few requirements to be granted a loan. It would be insecure for loan companies to give out loans to the recipient they can’t track.
The requirements are not stringent, they are just a few pieces of information that would make you known by them.
1. You must be a resident of Nigeria
2. Your Bank Verification Number (BVN)
3. Means of identification. A valid I.D card.
4. You must be within the age range of 20-55 years old.
5. A source of income. It can be weekly, monthly, or even daily.
6. Reason(s) for the application.
How To Make Repayment on Opay
Making repayment before your deadline will add to your credit score. These steps would only be needed if you have not linked your bank account with the app.
If you have linked your account with the app, the company would automatically debit you on the deadline. However, you might need to follow these steps to repay your loan seamlessly from your bank is not linked.
• Open the mobile app on your phone.
• Log in to your account.
• Click on the repayment button.
Getting a loan from Opay is not hard, you can easily get started now and expect your loan in a few days.