3. They can quickly assess your creditworthiness by using data like Mpesa transactions or phone calls on your mobile phone. 1 Answer. BVN number 4. Some are ruing the day they signed up on those . Here is a breakdown of the cost of a loan, which includes stats on interest, late fees, additional fees and penalties. If the issue OP has with OKash is their interest rate, he has no case. NBC News' Steve Patterson . The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the. Okash loan can be applied in few minutes through this procedures: 1. For most OKash loan app customers who reviewed the app on the Google Play Store, a constant complaint is the app's poor customer service. Provide the consent with the loan agreement after the approval 7. "The faster a user pays off an active loan, the sooner they can request a new loan. Beware of Okash Loan Scam by Demolaeby: 12:36pm On Dec 16, 2020. Here is a step-by-step procedure when applying for a loan from Okash Loan App. Enter the required details accordingly to register (sign-up). OKASH Interest Rates Okah has a unique interest rate system. It gives its registered users access to quick collateral-free loans, as long as they meet the requirements. Yesterday (Oct. 27), Biden said the aid would be available shortly. Related Posts This guys auto debit my account severally for a transaction, no respond from them for more than a month now. Step by step installing the Okash loan app on your android phone: Make sure your phone is connected to the internet either via data or Wi-Fi. Customer Service Hotline: +234 . President Biden unveiled his $400 billion Student Loan Forgiveness Plan back in August, but the plan has seen a sluggish rollout, creating a perfect storm for scammers. For the second time in less than 5 months, Opera's lending platforms are getting the wrong kind of attention. OKash Loan App. The companies include GoCash, Okash, EasyCredit, Easi Moni, KashKash, and Speedy Choice among other illegal lending companies. OKash fulfills customers' financial needs 7*24 completely online. Happy month end Friends OKASH LOAN is still out there giving out loan chat me up to get yours out 5. With the Okash app, if you take a 61-day loan, you will pay an interest rate of 10 -20%. Okash Loan Interest Rates and fees Okash App charges an interest rate of 14% for loans that take 14 days to repay and 16.8% for loans that take 21 days to pay. Opay Loan (Okash Loan) Requirement The requirement for applying for an OPay loan is easy. Seven months ago, the app management said that they were using a manual system to update payments, the reason it was taking time for loan repayments to be activated. OKash Loan App - Customer Care - Phone Number , Contact - Login and Register , The WhatsApp Number and email address for this Loan App will be shared below , more on "OKASH Will be shared more". Is Okash Loan App Legit? Although there was mention of physical checks, according to CNN, that's not the case. If you have applied for the loan by mistake, please repay the principal within 24hours, then contact our customer service at your earliest convenience to clear the loan. How to apply okash loan. The requirements Okash Loan 1. OKash is a micro-lending platform presented by Blue Ridge Microfinance Bank Limited. Applying for a loan from Okash. You can apply for loans as low as N 3000. OKash says it fulfils customers' financial needs completely online 24/7. March 14, 2022 By Anthony Ogbonna The Federal Government of Nigeria has shut down six illegal loan companies operating in the country. The loans given out by Okash have a maximum of Ksh 500,000 and are given out within a very short period after application. i.e the amount received is less than the amount borrowed. All he needed to do was download the app, enter his financial details, and let the algorithm generate a credit rating. They have been operating for some time now and offer customers the chance to borrow up to KES 70,000. Re: Beware of Okash Loan App by Webb107: 9:04am On Dec 13, 2020. . 020 765 99 88 Visit Website. Okash Okash is a Kenyan-based company that provides loans to people without CRB checks. Others. OKash uses data from your phone including your handset details and financial transaction messages , and your reason for borrowing. How to Get OKash and Start requesting loans from your mobile phone; 210 which will make the loan repayment amount to be Ksh. OPay's primary objective is to offer high-end digital products with excellent user experience. And this time, they are caught up in a "debt-shaming" operation. The loan service targets all Nigerians and doesn't have any stringent conditions the average Nigerian is not able to borrow. And finally, a one year loan (365 days) will have an interest rate of 20-30%. A 91-day loan will attract an interest rate of 15-25%. Are you looking for okash loan app download then you are at the right place to download the loan app that is compatible for your phone. With OPay Loan (OKash Loan), the interest rate is calculated daily at 0.1% - 1%. After I exposed the fraudulent Okash Loan App, Many Kenyans have come out with their testimonies and experience with the mobile loan app.This is clear evidence that the CBK must move in speed and crack down on this fraudulent company looting from Kenyans. Okash interest rates are : 15% interest for two weeks, 23% interest for three months and, More so, with a 4.3 stars feedback rating on Google Play Store, I would say that the company is legit, as they also have more than a million downloads on Play Store. "We're going to win that case. You can then finish the loan application process and then the loan will be sent directly to your phone. Okash offers up to N200,000 to Opay agents and starts from 5,000 - 10,000 for none agents but 10k is not the highest you can get from Okash as long as you remain creditworthy. OKash allows a maximum period of 24 hours from the moment of disbursement within which the loan can be cancelled. Contact Us: Customer Service Email: [email protected] Customer Service Hotline: +2340809775551208097755514 Address: Room 301, Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria OKash provides loans 24/7 and the whole process is completely online. Users with timely and consistent repayment behaviors can apply for a single loan up to 500,000 KES at a total interest of 5 percent," reads a statement from the company. You have to be between 20-55 years old to get a loan. How does OKash decide whether to give me a loan or not? Once you fit into this description, you'll quickly get a loan from OKASH. How to Apply for Okash Loan To download Okash App, follow the procedure below; Check the Loan limit displayed. He would get the money he needed and could pay it back once he was liquid. 6. Android Phone 5. Offering the ability to "process loans in seconds," OKash is one of many fintech apps that have sprung up in Kenya since 2012. Branch loan Okash loan also Opay Loan is one of the biggest instant loan lending apps for you if you are looking. 2. Okash is a legit fintech company that is licensed to give loans to people and is also certified by the Central Bank of Nigeria (CBN). Age range of 20-55 years old 6. These loans attract a 5 per cent interest and take a maximum of 14 days to be repaid. The association noted that it had received many complain from the public about two popular mobile money operators namely Okash and Opesa for infringing the privacy of its borrowers. Valid ID card 3. Complete Okash application How to Repay Okash Loan Because the site has a connection with the Blue Ride Microfinance Bank, you have two choices for repaying your loans, as previously indicated. To get in touch with Okash service providers, use the following channels; Telephone number. Contact Okash Loan App. Okash have neither reported me to anyone that I owe them even when I defaulted and . Okash loan is a scam. Contact Us: Customer Service Email: support@o-kash.com. They offer a daily interest rate from o.1% to 1%. 1. The loans given out by Okash have a maximum of Ksh 500,000 and are given out within a short period after application. Open the downloaded Okash app on your device. Source: OKash loan app. These loans attract a 5% interest and take 14 days to be repaid. 4. Available loan offer and duration will increase as long as you are faithful . The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant's bank account. Yes! Their interest rates are as follows: 14% interest for a two-week repayment period; 16.8% interest for a 21-day repayment period; The fees are deducted from the loan amount borrowed. In Kenya, borrowers are describing two Opera-backed quick loan apps; OKash and OPesa, as "lenders from hell.". OKash fulfills customers' financial needs completely online 24/7. Their interest rate is a bit attractive compared to 60% of other loan apps that I have used. The maximum amount you can apply for at any given time on OKash is N 50,000. They will auto debit you multiple times for a transaction. The loans attract an interest rate of 14%. I think in the next two weeks you're going to see those checks going out," the president said at a press conference. This is what users have to say about their experience: Esther Olumoye had a problem with her credit limit on the app, but her disappointment was the poor response from the app owners. Okash loan app was not mentioned according to some of the loan app people claim send messages to their contact list. It was started in 2018 to make it easier and safer for customers to apply for loans using their mobile phones. After that, they will stop responding to your complaints. Courteous Loan Collection Process Download and install the okash loan app from Google playstore and install. Delay or late loan repayment attracts a daily rollover fee of 2% of the loan you took. 1,710. Applying for a loan from Okash Open the Okash app on your device. OKash's revenue according to Opera's financial reports. This, the app owners, said makes it efficient for its customers to access credit anytime, anywhere. The data requested includes; your Mpesa number, your official name and that of your arbitrators or guarantors, your month to month salary, marital status, business status, date of birth, school level and your national ID . Valid bank details (Account number, Name) 2. OKash offers loans ranging from a minimum of KSh1,500 and a maximum of KSh50,000. Log in to your account. Okash is a quick loan app that gives you easy access credit anytime, anywhere in Nigeria. Features When you look at this interest rate through the lens of an annual cumulative interest rate, it amounts to figures between 36.5% and 360%. Asides from this interest, OPay Loan comes with an origination fee that ranges from between 1,229 and 6,000. Okash Loan App - opay loan app - Get Loans upto 50,000 Naira in a Minute! He should repay their loan and move on. Here is a step by step procedure when applying for a loan from Okash Loan App. 3. Customer Care: OKash loan app, Phone Number , Email Address , The free contact details of this loan company is now available , kindly follow the details below. But they don't force you to come and take loan. Caption: Crooked Eddie Ndichu, MD, Opera Kenya that owns Okash Loan App. But according to Opera's latest financial report, OKash now accounts for 42.8% of its entire revenue, up from zero a year ago. In the third quarter of 2019, OKash provided an average of $50 and underwrote approximately 5 million loans, giving it a total loan value of $250 million. OKash, a leading online micro-lending service in Kenya, is owned by Opera Group and operated by TenSpot Kenya Limited. After the confirmation of the loan agreement, the approved loan amount will be disbursed in the account and a SMS notification will be sent. As for the annual percentage rate, it stays at 36.5% - 360%. The fact is that I will give a candid opinion on Okash because I deal with Okash and I am still dealing and collecting small loan from Okash. Register by creating an account via the OKash app. The competitive and fast-rising loan app is motivated by the desire to provide a faster, easier, and more secure loan process, where people spend less than two minutes to get a loan processed. The minimum loan amount you can borrow from Okash is as little as Ksh 500 to a Maximum of Ksh 20,000 as per the latest customer reviews. It is a convenient quick online loan platform for Nigeria mobile users managed by Blue Ridge Microfinance Bank Limited. Click on the "Apply" button on the OKash app to access their products. Once the Google play store has opened, click on the search bar and type 'Okash' and press enter. It is a loan application that was launched sometime in Q1 2018, and we had a brief chat with Opera Kenya's Managing Director Mr. Eddie Ndichu as to what the platform plans to achieve, and how it separates itself from the likes of Tala and Branch. For instance, a loan of 1,500 will attract an interest of Ksh. You can receive loan amounts ranging from NGN 3,000 to NGN 500,000. Go to the Google Play store on your smartphone and open it by clicking on it. Okash - Opay repayment, interest rate, download mobile app, benefits. Perhaps he is referring to there exorbitant and outrageously high interest rate. We combine these together with your OKash repayment history to build an individualised credit score and determine the suitable loan offer for you. . It is highly likely that some of you have used, or at least have heard of one of Opera's fintech-based app, Okash. "Instead, [eligible borrowers . This is coming months after NITDA sanctioned another digital lending platform, SokoLoan. 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