How to borrow money from Opay

Are you in dire need of quick cash but lacking the necessary funds to support your financial needs?

Worry not, as OPay, one of Africa’s leading mobile payment platforms, offers a hassle-free way to borrow money easily, without going through the formalities of traditional loan methods.

In this article, we’ll walk you through the step-by-step process on how to borrow money from OPay, including requirements, repayment terms, and tips to ensure a smooth borrowing experience.

Below are steps to follow to borrow money from Opay

• Download the OPay App from Google Play Store or App Store and sign up

• Complete the KYC (Know Your Customer) verification process by providing personal and banking details

• Click on the “Loan” icon on the app’s homepage.

• Input the amount you want to borrow and select the repayment duration

• Provide the necessary information required for the loan application, including your occupation, income, and purpose of the loan

• Wait for the loan to be approved, which usually takes 24-48 hours

• Once approved, the loan amount will be credited to your OPay wallet or bank account

• Ensure to make timely repayments to avoid penalties and improve your credit rating

Note that OPay determines loan eligibility, and not everyone may qualify for a loan. Therefore, ensure to keep a good credit history and maintain healthy financial practices.    

• You can also borrow from OKASH.